Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International Acquires Oklahoma’s Medley/Turrentine & Assoc.
Dec 6 2016 // Chicago-based insurance broker Hub International Limited (Hub), has acquired the assets of Medley/Turrentine & Associates LLC, headquartered in Oklahoma City, Okla. Terms of the acquisition were not...
Alston & Bird Adds Two Litigation Partners in New York
Dec 6 2016 // International law firm Alston & Bird has hired Adam Kaiser and John Aerni as partners in the firm’s New York office. Both Kaiser and Aerni are senior litigators with more than 50 years of collective experience,...
Allianz Worldwide Partners Hires Wuensche as Head of Global Market Mgmt & Innovation
Dec 6 2016 // Allianz Worldwide Partners* has appointed Matthias Wuensche as director, Global Market Management and Innovation, where he “will play a leading role in developing new product and service offerings and position...
Worldwide Facilities Acquires Trinity Underwriting Managers of Georgia
Dec 6 2016 // Worldwide Facilities, a national wholesale insurance brokerage and managing general agency, has acquired Trinity Underwriting Managers, Inc. (TUMI), an underwriting manager and wholesale insurance broker specializing in...
Woodruff-Sawyer to Acquire Neovia in California
Dec 5 2016 // Woodruff-Sawyer & Co. will acquire Neovia Integrated Insurance Services in Santa Barbara, Calif. Woodruff-Sawyer will leverage the proprietary and client-focused employee benefits solutions for which Neovia is...
Marsh & Mclennan Agency Acquires Ohio’s Benefits Resource Group
Dec 5 2016 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Benefits Resource Group (BRG), in Independence, Ohio. Terms of the transaction were not disclosed. BRG, an employee benefits...
Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion
Dec 5 2016 // Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round of funding. The latest round was led by General Catalyst with participation from GV...
Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion
Dec 5 2016 // Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to...
Insurance Associations AAMGA, NAPSLO Move Forward with Merger Talks
Dec 2 2016 // A possible merger of the nation’s two major excess and surplus lines organizations is on track. The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines...
Hub Acquires the Assets of Pinnacle in Massachusetts
Dec 2 2016 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Pinnacle Financial Group and Pinnacle Insurance Agency, a Boston, Mass., based provider of life insurance solutions and services to...
Acentria Expands Into Miami Through Partnership with iSure Insurance Brokers
Dec 2 2016 // Acentria Insurance has expanded its presence in South Florida through a merged partnership with iSure Insurance Brokers, located in Miami. Established in 1984, iSure Insurance Brokers specializes in commercial insurance,...
Marsh & Mclennan Acquires Presidio Benefits Group in California
Dec 1 2016 // Marsh & McLennan Agency LLC has acquired Presidio Benefits Group, a San Francisco, Calif.-based employee benefits consulting firm. Terms of the deal were not disclosed. All of Presidio’s employees, including its...
Aon Agrees to Buy Brazil Health & Benefits Broker and Solutions Firm, Admix
Dec 1 2016 // Aon announced it has entered into an agreement to acquire Admix, a leading health and benefits brokerage and solutions firm in Brazil. Financial terms of the agreement, which was announced on Nov. 25, were not disclosed...
Access Holdco Buys Massachusetts Non-Standard Auto Business From IAT
Nov 30 2016 // Access Holdco Management, an Atlanta, Georgia, headquartered insurance managing general agency focused on the non-standard auto market, has purchased the Massachusetts non-standard auto insurance book of business of...
DUAL Commercial, Aspen Insurance Partner on Management Liability Program
Nov 30 2016 // DUAL Commercial, a subsidiary of the Hyperion Insurance Group Limited, has partnered with Aspen American Insurance Co., part of Aspen Insurance Holdings Limited, enabling DUAL to provide a broader management liability...
At Trial, Anthem-Cigna Merger Called Harmful to Competition
Nov 29 2016 // Anthem Inc.’s proposed $48 billion merger with Cigna Corp. could give the insurer the power to raise prices for employers both in the 14 states where it does business, as well as across the country, according to a...
AXIS Capital Buys Belgium-Based Specialty Aviation Re/Insurer Aviabel
Nov 29 2016 // Bermuda-based AXIS Capital Holdings Ltd. announced it has agreed to acquire general aviation insurance and reinsurance leader Aviabel, in a move that is designed to increase the company’s scale and relevance in the...
Verisk Acquires Analytics Firm MarketStance
Nov 28 2016 // Analytics firm Verisk Analytics Inc. has acquired MarketStance, a provider of market intelligence data and analytics to the property/casualty insurance market. Following the completion of the transaction, MarketStance will...
Insurtech Startups Attract Growing List of Traditional Insurer Partners
Nov 28 2016 // Listening to Andrew Rear talk about insurers, you wouldn’t think he works for one that’s been around for 136 years. The 46-year-old head of Munich Re’s Digital Partners unit has said the industry is...
In Anthem-Cigna Merger Trial, Fortune 500 Said Not at Risk
Nov 22 2016 // Anthem Inc. and the U.S. Justice Department dug in their heels on Monday in court over whether the lower prices the health insurer expects to negotiate after buying smaller rival Cigna Corp. are an efficiency that benefits...
