Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
University of Alabama Partners With Industry on Tornado Preparedness Guide
May 2 2016 // The Alabama Center for Insurance Information and Research at The University of Alabama Culverhouse College of Commerce has partnered with the Property Casualty Insurers Association of America, the Alabama Department of...
Champion Risk Acquires Adams Clay Insurance in California
Apr 27 2016 // San Diego, Calif.-based Champion Risk & Insurance Services has acquired Clay Insurance Brokerage Co. in Rancho Santa Margarita. Terms of the deal weren’t released. The acquisition is effective May 1. Robert...
Global Risk Partners Backs LONMAR’s MBO, Supporting Its Growth Strategy
Apr 27 2016 // Global Risk Partners, the acquisitive insurance broking and managing general agency (MGA) investment vehicle, has agreed to back the management buyout of LONMAR Global Risks, the specialist Lloyd’s broker. The...
JenCap Holdings Acquires Trivedi-Capacity in New Jersey
Apr 26 2016 // JenCap Holdings LLC, a portfolio company of private-equity giant Carlyle Group, has acquired Trivedi-Capacity Associates LLC, a specialist MGA and wholesaler based in Mahwah, New Jersey. Terms of the transaction were not...
Labrie Joins Hanover Stone Partners in Connecticut
Apr 26 2016 // Daniel Labrie Hanover Stone Partners, a risk management services firm based in Jersey City, New Jersey, has hired Daniel Labrie as senior risk advisor. Based in Berlin, Connecticut, Labrie will help provide a wide array of...
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
KMRD Partners Adds 2 Risk Managers in Pennsylvania
Apr 25 2016 // John Garber KMRD Partners, an insurance brokerage and risk management services firm based in Warrington, Pennsylvania, has hired John Garber and Karl Granlun as risk managers. Garber’s role as risk manager, Client...
UPC Insurance Receives Approval to Acquire Interboro in New York
Apr 22 2016 // United Insurance Holdings Corp. (UPC Insurance), a property/casualty insurance holding company based in St. Petersburg, Florida, announced that it received formal approval from the New York State Department of Financial...
People’s United Acquires Eagle Insurance in Massachusetts
Apr 21 2016 // People’s United Bank, N.A. in Bridgeport, Connecticut, announced Thursday that its subsidiary, People’s United Insurance Agency, has acquired Eagle Insurance Group, a Raynham, Massachusetts-based insurance...
Unaddressed Cultural Clashes Cause Many M&A Failures: Willis Towers Watson
Apr 20 2016 // Many insurers see cultural integration as a major post-deal challenge, but few use employee engagement as an indicator of integration success, according to a survey of senior insurance executives conducted by Willis Towers...
USI Acquires Brooks Insurance in Ohio
Apr 20 2016 // USI Insurance Services has acquired Toledo, Ohio-based Brooks Insurance. Brooks employees will remain at their Toledo and Bowling Green locations. Terms of the deal were not disclosed. Brooks provides property/casualty,...
Gen Re’s Benet Joins Beazley to Head Partners Solutions Group
Apr 20 2016 // Specialty insurer Beazley has appointed Elizabeth Benet, formerly of General Re, to head new business development for its partner solutions focus group. Beazley’s specialty treaty team partners with insurance...
CGSC Appoints Wallin as Group Commercial Director with M&A Expertise
Apr 20 2016 // Cooper Gay Swett & Crawford (CGSC), the London-based reinsurance, wholesale and specialty broker, announced the appointment of Andy Wallin as group commercial director. He takes up the role with immediate...
Business Risk Partners Adds 2 New Underwriters in Connecticut
Apr 19 2016 // Maggie Mae Kores Business Risk Partners (BRP), a specialty underwriter and program administrator based in Windsor, Connecticut, has added two new underwriters to its professional liability team: Maggie Mae Kores as senior...
AXA & Chaucer Form Strategic Partnership to Provide African Specialty Insurance
Apr 19 2016 // AXA is targeting the rapidly expanding market for African specialty insurance by partnering with Chaucer, a Lloyd’s specialty insurance group. The new venture, called “AXA Africa Specialty Risks,” will be...
TigerRisk Hires Swiss Re’s Kusche as Partner in New York
Apr 19 2016 // TigerRisk Partners LLC, a reinsurance broker and risk/capital management advisory firm, has hired Philipp Kusche as partner and global head of Insurance-Linked Securities(ILS) and Capital Solutions. Based in...
Tarpey Insurance Acquires W.C. Huntress Insurance in Massachusetts
Apr 18 2016 // Tarpey Insurance Group Inc., a family-owned and operated independent insurance agency with five locations and headquartered in Wakefield, Massachusetts, announced that it recently acquired W.C. Huntress Insurance Agency in...
Zurich Completes Acquisition of RCIS Crop Insurance Business
Apr 18 2016 // Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two...
Florida Approves Anthem Bid to Acquire Cigna’s Florida-Based Affiliates
Apr 18 2016 // The Florida Office of Insurance Regulation (OIR) has issued a Consent Order approving, with additional requirements, Anthem, Inc.’s application to acquire 100 percent of the issued and outstanding voting securities...
K2 Acquires MGA; Launches Comp, Accident Programs with QBE
Apr 18 2016 // Program specialist K2 Insurance Services (K2) has acquired New Jersey-based High Point Underwriters, a managing general agency (MGA) specializing in workers’ compensation alternatives. K2 also launched a nationwide...
