Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk
Jul 25 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...
Munich Re Partners with Startup Slice to Offer On-Demand Insurance Products
Jul 25 2016 // Munich Re has partnered with New York City-based insurtech startup Slice Labs Inc. as Slice prepares to launch its first on-demand, per-use insurance product. Slice and Munich Re said they have agreed to an ongoing...
Court Battles Begin as U.S., States Sue to Halt Anthem, Aetna Mergers
Jul 21 2016 // U.S. antitrust enforcers roundly rejected a pair of proposed deals that would consolidate the nation’s five biggest health insurers into just three. The Justice Department filed an antitrust lawsuit to stop Anthem...
So. Africa’s Discovery Enters Japan Market with Sumitomo & SoftBank Partnership
Jul 21 2016 // Discovery Ltd., South Africa’s third-largest insurer by market value, said it has set up a partnership with Japan’s Sumitomo Life Insurance Co. and SoftBank Group Corp. to develop and introduce products for the...
Cross Insurance Acquires Maine’s Sargent, Tyler & West
Jul 20 2016 // Maine’s Cross Insurance reported it has acquired another leading Maine insurance agency, Sargent, Tyler & West in Bangor, and its Bucksport branch office, Roland Grindle Insurance Agency. Sargent, Tyler &...
Bassman Completes Acquisition of Ascend Insurance Brokerage
Jul 20 2016 // Dallas-based Ascend Insurance Brokerage President and CEO Paul Bassman has closed on the acquisition of the company, purchasing the business from James Chippendale, who founded Ascend in 2001. Ascend specializes in the...
Verisk Analytics Deepens Its Energy Industry Presence with Acquisition of Greentech Media
Jul 20 2016 // Data provider Verisk Analytics Inc. is continuing to grow beyond its insurance industry roots with the announcement it will acquire Greentech Media Inc., an information services provider for the solar electricity and clean...
The Hilb Group Acquires Carrier Insurance Agency in Florida
Jul 20 2016 // The Hilb Group, LLC (THG) has acquired Florida-based Carrier Insurance Agency, Inc., continuing its nationwide growth through acquisitions and expanding its regional presence in central Florida. The transaction became...
HGGC/Integrity Partnership to Acquire Nebraska Insurance Marketing Firm
Jul 19 2016 // Palo Alto, Calif.-based middle market private equity firm HGGC, has completed its equity investment in Integrity Marketing Group LLC (Integrity), an independent distributor of life/ health insurance products focused on...
Groups Press Dow-DuPont to Reveal Teflon Liabilities Before Merger Vote
Jul 19 2016 // DuPont Co. and Dow Chemical Co. must tell shareholders before next week’s merger vote that they may face exposure to costly potential damages from claims that a chemical used to make Teflon caused cancer and other...
Randall & Quilter Buys Bermuda-Based Segregated Accounts Captive Company
Jul 18 2016 // Randall & Quilter Investment Holdings Ltd. has acquired Agency Program Insurance Co. (SAC) Ltd., a Bermuda-based segregated accounts captive company with 28 cells. London-based Randall & Quilter (R&Q) is paying...
Allied World, Great Point Partner on Online Small Business Umbrella Program
Jul 15 2016 // Allied World North America has teamed with program administrator Great Point Insurance to offer umbrella coverage in the U.S. and Canada for small businesses through their online portal, UmbrellaPro. Designed for companies...
Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk
Jul 14 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...
In Office Expansion, Oak Street Funding Moves to Indianapolis
Jul 14 2016 // Indiana-based Oak Street Funding a commercial lender to financial services business nationwide, is relocating its offices from Carmel to Indianapolis. The company said in its announcement that the move will accommodate...
Munich Re Partners with Startup Slice to Offer On-Demand Insurance Products
Jul 12 2016 // Munich Re has partnered with insurtech startup Slice Labs Inc. as Slice prepares to launch its first on-demand, per-use insurance product. Slice and Munich Re said they have agreed to an ongoing roll-out of products and...
Baldwin Krystyn Sherman Partners Appoints Olson As Advisor in Tampa Office
Jul 12 2016 // Baldwin Krystyn Sherman Partners (BKS-Partners), an independent insurance brokerage firms, has appointed of Steve Olson to advisor. Olson comes to BKS with over 25 years of industry experience in the Tampa Bay market. Most...
New York Gives Aetna-Humana Merger Green Light with Conditions
Jul 12 2016 // New York’s insurance regulator has conditionally approved Aetna Inc.’s $37 billion takeover of Humana Inc., one of the last state sign-offs needed for the deal, people familiar with the matter said. The...
BrickStreet Buys Workers Compensation Business from Pennsylvania’s HM Insurance
Jul 11 2016 // BrickStreet Mutual Insurance said it finalized an agreement to acquire the workers’ compensation block of business from Pittsburgh-based HM Insurance Group (HM), a Highmark company. The purchase involves...
Schinnerer Partners With Cloud Provider on Cyber Security Protection
Jul 11 2016 // Victor O. Schinnerer & Company and Spanning, an EMC company and provider of SaaS data protection, have released a new cyber security protection product. The collaboration, with help from Microsoft, is designed to help...
Liberty Kenya Holdings Targets Acquisitions of Kenyan Insurers to Bolster Foothold
Jul 11 2016 // Liberty Kenya Holdings Ltd. is considering as many as 10 acquisition targets as part of the insurer’s five-year strategy to increase its foothold in East Africa’s biggest economy. “That is on the cards if...
