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 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...
SFM Mutual Insurance Acquires Minnesota’s Barrier Free Access
Jul 7 2016 // SFM Mutual Insurance Co., a Midwest regional workers’ compensation insurer, has acquired Barrier Free Access, a Byron, Minn.-based provider of safe patient handling products, design consultation and training to...
Confie Acquires 2 New York Agencies: Sprague in Corning; Mason in Hancock
Jul 7 2016 // National insurance distribution firm Confie has acquired two insurance brokerages in New York State – Lloyd D. Sprague & Son Inc. and J.N. Mason Agency Inc. Confie, a portfolio company of ABRY Partner, has completed...
Hub International Buys Toronto-Based HSBI Benefits
Jul 7 2016 // Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired HSBI Benefits Inc. Terms of the acquisition were not disclosed. Based in Toronto, Ontario, Canada, HSBI Benefits specializes...
PartnerRe Appoints Senior Leaders to Implement Reorganization
Jul 7 2016 // PartnerRe Ltd. has announced a series of appointments, following the reorganization of its business units announced on June 30, 2016. As previously announced, PartnerRe has restructured its business units in order to...
Nexus Acquires Beacon, Hong Kong-Based Marine MGA
Jul 6 2016 // Nexus Underwriting Management Ltd. has acquired 100 percent of the shareholding in Hong Kong-domiciled Beacon Underwriters Ltd., a marine managing general agent. Beacon was established in 2009 as a Lloyd’s...
Arthur J. Gallagher Buys Brim, Expanding Scandinavia Specialty Footprint
Jul 6 2016 // Arthur J. Gallagher has extended its investment in Scandinavia by acquiring an 85 percent stake in Swedish specialist insurance and reinsurance broker Brim AB. With revenues of US$11.4 million and employing 29 people, Brim...
USI Acquires MVB Insurance in West Virginia
Jul 6 2016 // MVB Financial Corp. has sold all of the assets of its wholly-owned subsidiary, MVB Insurance, LLC in Fairmont, W. Va., to USI Insurance Services LLC. MVB Insurance will retain the assets related to, and continue to...
Hub Acquires Assets of Gateway Financial Affiliated Agency in Pennsylvania
Jul 5 2016 // Global insurance brokerage Hub International Limited has acquired the assets of Tenth Dot Benefit Solutions, an employee benefits agency in Pittsburgh that is affiliated with Gateway Financial Group Inc. and does business...
Health Insurer Merger Interest Could Turn to Smaller Plans
Jul 5 2016 // A breakup of Anthem Inc.’s $48 billion bid for Cigna Corp., under scrutiny by U.S. antitrust regulators, could spark new deals for smaller health plans in a continued wave of industry consolidation. Smaller insurers...
PartnerRe Reorganizes Business Units to Align with Client Needs
Jul 1 2016 // PartnerRe Ltd. announced the formation of a new organizational structure designed to make it easier for clients to do business with the company. “The restructuring of PartnerRe’s business is aimed at better...
NFP Acquires Utah’s First West Brokerage Services
Jun 30 2016 // National insurance broker and consultant, NFP Corp., has acquired First West Brokerage Services Inc. (First West), based in Orem, Utah. Founded in 1987, First West is a full service benefits insurance broker and consultant...
Sompo Canopius & Mexico’s GNP Form Strategic Partnership
Jun 30 2016 // Sompo Canopius AG and Mexico’s Grupo Nacional Provinical SAB formed a strategic partnership. This arrangement will help both parties to develop new business and insurance products for the Mexican market,...
