Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
BKS-Partners in Florida Appoints Ingram to Commercial Risk Management Group
Apr 15 2016 // Florida-Based Baldwin Krystyn Sherman Partners (BKS-Partners), has appointed Amy Ingram as managing director of the Commercial Risk Management Group. She will be based in company’s Tampa office. Ingram joins...
Arthur J. Gallagher Acquires Insurance Plans Agency in Illinois
Apr 14 2016 // Arthur J. Gallagher& Co. has acquired Insurance Plans Agency Inc. in South Barrington, Ill. Terms of the transaction were not disclosed. Established in 1983, Insurance Plans Agency Inc. (IPA) is a retail insurance...
Verisk Analytics Acquires Risk Intelligence Ireland, Expanding Global Footprint
Apr 14 2016 // Verisk Analytics Inc. announced the acquisition of Risk Intelligence Ireland, a leading provider of fraud detection, compliance, risk control, and process automation services to the Irish insurance industry. “Risk...
Aquiline Capital to Buy UK’s Simply Business, an Online Small Business Brokerage
Apr 14 2016 // New York-based private equity firm Aquiline Capital Partners LLC on Monday entered into a definitive agreement to acquire Simply Business, an online brokerage service, which delivers tailored small business insurance...
Arthur J. Gallagher Acquires Charles Allen Agency in Minnesota
Apr 13 2016 // Arthur J. Gallagher & Co. has acquired the Charles Allen Agency Inc. in Waite Park, Minn. Terms of the transaction were not disclosed. Founded in 2010, the Charles Allen Agency Inc. (CAA) is a retail insurance broker...
The Hilb Group Acquires Clark-Mortenson Insurance in New Hampshire
Apr 12 2016 // The Hilb Group, a middle market insurance agency based in Richmond, Virginia, announced Tuesday that it has acquired Clark-Mortenson Insurance, a New Hampshire-based insurance and financial services agency. The terms of...
Many Chinese Patients Forced to Buy Hospital Appointment Tickets from Scalpers
Apr 12 2016 // As day breaks, hundreds of patients wait to see doctors in a queue that snakes around the Peking Union hospital in Beijing. Many will wait in vain – “scalpers” like Yu Wei have already illegally bought...
