Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Guidewire to Acquire Insurance Cloud Software Firm ISCS for $160 Million
Dec 19 2016 // Guidewire Software, which serves property/casualty insurers, has agreed to acquire another insurance software firm, San Jose, California-based ISCS, for $160 million in cash. The deal gives Guidewire entry into the small...
Confie Acquires Oasis Insurance in Arizona
Dec 19 2016 // Confie has acquired Mesa, Ariz.-based Oasis Insurance. Terms of the deal weren’t disclosed. Oasis Insurance is a provider of non-standard auto insurance. It operates from 21 offices located in Phoenix, Tucson, Mesa,...
JLT Re Acquires StoneHill Reinsurance Partners
Dec 19 2016 // JLT Re said it has acquired StoneHill Reinsurance Partners, a reinsurance intermediary specializing in medical professional liability. StoneHill, which is based in Minneapolis, will form part of JLT Re (North...
Anthem-Cigna Merger Trial Pits Efficiency Claims vs. Loss of Competition Claims
Dec 19 2016 // Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp. will raise costs, as government witnesses testified Friday that the deal will harm...
Canada’s Fairfax to Buy Switzerland’s Allied World for $4.9B in Cash, Stock
Dec 19 2016 // Fairfax Financial Holdings Ltd., the Canadian investment and insurance company, agreed to buy Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s biggest...
Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1
Dec 19 2016 // M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a...
Origami Acquires Utah-based Workers’ Comp Form Provider Claimwire
Dec 15 2016 // Origami Risk has acquired Kaysville, Utah-based Claimwire, a provider of automated workers’ compensation forms, compliance resources and regulatory information to the insurance industry. Terms of the deal were not...
INSURICA, DFB Insurance Group Forge Partnership
Dec 15 2016 // Oklahoma City-based INSURICA and Amarillo, Texas-based DFB Insurance Group have combined to form INSURICA DFB Insurance Services LLC. The new entity will be jointly owned by INSURICA and DFB. The transaction, effective...
Maine-Based Cross Insurance Acquires Colt Insurance of Massachusetts
Dec 15 2016 // Cross Insurance, a Bangor, Maine, based subsidiary of Cross Financial Corp. and one of the largest independent insurance providers in New England, has further expanded its presence in western Massachusetts, New York and...
South Africa’s Rand Merchant Acquires 30% of UK Motor Insurer Hastings
Dec 14 2016 // South Africa’s Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase of a 30 percent stake in Hastings, driving the UK firm’s shares to 2-1/2...
‘Disruptor’ Hippo in California Raises $14M in New Funding Round
Dec 14 2016 // Mountain View, Calif.-based startup Hippo today announced it has closed a $14 million Series A round. The funding was led by Horizons Ventures, which invests in disruptive technology and startups. It was joined by RPM...
XL Catlin Adds Chubb’s McGowan, DLA Piper’s Laws to M&A Insurance Team
Dec 14 2016 // Preparing to capitalize on merger and acquisition (M&A) activity in 2017, XL Catlin continued to build out its global M&A insurance team with the appointments of Joseph W. Laws and Michael J. McGowan as directors...
Fate of Anthem-Cigna Merger Now in Judge’s Hands
Dec 14 2016 // The first phase of the U.S. Justice Department’s lawsuit to halt Anthem Inc.’s planned takeover of rival insurer Cigna Corp. is in the hands of a federal judge after the government wrapped up its arguments...
Aetna CEO Denies Obamacare Exits Were Retaliation for U.S. Opposing Humana Merger
Dec 12 2016 // Aetna Inc.’s chief executive denied on Friday that its withdrawal from some Obamacare exchanges was in retaliation for government efforts to halt its merger with Humana Inc, as he sought to convince a federal judge...
Crawford Buys Majority Stake in ‘Uber-Like’ Field Inspection Firm WeGoLook
Dec 12 2016 // Global claims management firm Crawford & Co. has acquired a majority interest in WeGoLook, an online and mobile inspection firm that calls itself the “Uber of inspections.” Crawford said it agreed to pay...
Zurich Insurance Agrees to Acquire Australia’s Biggest Travel Insurer for $551M
Dec 12 2016 // Switzerland’s Zurich Insurance Group has agreed to buy Australia’s biggest travel insurance provider, Cover-More Group, for A$741 million ($551 million), stepping up its investment in the Australian...
Hub International Acquires Assets of Florida-Based MDW Insurance and Affiliates
Dec 12 2016 // Hub International Limited, a global insurance brokerage, has acquired the assets of MDW Insurance Group, Inc. and its affiliates Agents Insurance Resources, Inc. and A.I.R. Insurance Marketing, Inc. (MDW). Terms of the...
Reliance Partners Taps Claridy to Lead New Alabama Office
Dec 9 2016 // Chattanooga, Tenn.-based Reliance Partners, a provider of commercial insurance focused on the transportation and logistics space, has announced the opening of the company’s new Birmingham, Ala., location. Eddie...
Michigan’s Global Marine Acquired by Specialty Program Group
Dec 8 2016 // Specialty Program Group, a holding company for specialty insurance brokers and underwriting facilities, has acquired the assets of Global Marine Insurance Agency. Terms of the acquisition were not disclosed. Based in...
JenCap Holdings Agrees to Acquire NIF Group in New York
Dec 8 2016 // JenCap Holdings LLC, a New York-headquartered consolidator of specialty insurance distribution and program management businesses, has agreed to acquire privately held NIF Group Inc. (NIF), a managed general agency, program...
