Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher Acquires Oklahoma’s Capitol Benefits Group
Apr 7 2016 // Illinois-based insurance brokerage, Arthur J. Gallagher & Co., has acquired Capitol Benefits Group in Oklahoma City. Terms of the transaction were not disclosed. Founded in 1999, Capitol Benefits Group (Capitol) is an...
Antares Lloyd’s Syndicate Partners with Iron-Starr, Ironshore’s Bermuda MGA
Apr 7 2016 // Ironshore Inc. announced that Antares Syndicate 1274 at Lloyd’s will join as a subscribing insurer for Bermuda-based Iron-Starr Excess Agency Ltd. Iron-Starr is a managing general agency (MGA), which underwrites...
Crest in Arizona and Partners of the West in California Merge
Apr 6 2016 // Cody Ritchie of Crest Insurance Group LLC in Arizona and Ron Wilson of Partners of the West Insurance Services in San Diego, Calif. have merged. Wilson will continue to manage the California division of Crest. Crest...
PartnerRe Names Former EXOR Managing Director, Bonaccorso, as CFO
Apr 6 2016 // PartnerRe Ltd. announced that Mario Bonaccorso, formerly managing director at EXOR SpA, has been appointed chief financial officer, subject to Bermuda Immigration approval. Bill Babcock, who has served as executive vice...
Anbang Insurance to Acquire Allianz’s South Korea Operations
Apr 6 2016 // Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE’s operations in South Korea. The Chinese insurer will purchase...
Risk Strategies Acquires Maggs & Associates in New York
Apr 5 2016 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm based in Boston, announced Tuesday that it has acquired Maggs & Associates in Schenectady, New York. Terms of the...
Carlyle Group Acquires Wholesale Trading Co-Op in New York
Apr 5 2016 // Wholesale Trading Co-Op Insurance Services, a wholesale brokerage based in New York City, recently announced that its assets will be acquired by private-equity giant Carlyle Group. Terms of the transaction were not...
Windhaven Insurance Acquires ATX Premier
Apr 5 2016 // Miami, Fla.-based auto insurer, Windhaven Insurance, announced it has acquired ATX Premier, a Texas-based property/casualty provider, in an agreement with NationsBuilders Insurance Services Inc. (NBIS). Technology-focused,...
USI Insurance Services Acquires Forrest Sherer Insurance in Indiana
Apr 5 2016 // USI Insurance Services (USI) has acquired Forest Sherer Insurance Inc. (Forrest Sherer) from First Financial Corp. Headquartered in Terre Haute, Ind., Forrest Sherer has been providing property-casualty, employee benefits...
Element Risk Management Acquires Barnett Insurance in Pittsburgh
Apr 5 2016 // Element Risk Management, an independent agency based in West Chester, Pennsylvania, with an additional office in Bel Air, Maryland, announced that it has acquired Barnett Insurance Inc., an independent agency in...
Florida Approves Anthem Bid to Acquire Cigna’s Florida-based Affiliates
Apr 5 2016 // The Florida Office of Insurance Regulation (OIR) has issued a Consent Order (see below) approving, with additional requirements, Anthem, Inc.’s (Anthem) application to acquire 100 percent of the issued and...
Ageas Completes Acquisition of AXA’s Portuguese Business for $215.2 Million
Apr 5 2016 // Ageas has completed the purchase of AXA’s Portuguese operations, which has a non-life business, a direct/internet non-life business and a life business. AXA said the sale was completed for a total cash consideration...
S&P: Two-Thirds of Insurance M&As Fail to Improve Financial Strength
Apr 5 2016 // The flurry of insurance mergers and acquisitions that yielded about $150 billion of transactions globally in 2015 may endure even after years of “patchy” results for some companies making deals, according to...
AXA Completes Acquisition of Charter Ping An Insurance in Philippines
Apr 5 2016 // AXA Philippines announced it has completed the acquisition of Charter Ping An Insurance Co. for €40 million ($45.6 million) from GT Capital. The acquisition of CPA, the fifth largest non-life insurer in the Philippines,...
Hub Acquires Assets of California-Based Pickett And Associates
Apr 4 2016 // Hub International Ltd. has acquired the assets of La Quinta, Calif.-based Pickett and Associates Inc. Terms of the deal were not disclosed. Pickett’s owners Debra Pickett and Richard Torres will join Hub California...
CBIZ Acquires Savitz Organization in Philadelphia
Apr 4 2016 // CBIZ Inc., a professional business services firm based in Cleveland, announced that it has acquired the Savitz Organization in Philadelphia, effective April 1. Terms of the transaction were not disclosed. Founded in 1968,...
Alliant Acquires Andre-Romberg Insurance Agency in Washington
Apr 4 2016 // Alliant Insurance Services Inc. has acquired Spokane, Wash.-based Andre-Romberg Insurance Agency. Terms of the deal were not disclosed. Andre-Romberg will operate as part of Alliant Americas. Kurtz, along with...
Confie Enters Massachusetts Market With Acquisition of Axiom Insurance
Apr 4 2016 // Confie, a national provider of personal and commercial lines insurance, announced Monday that it has entered the Massachusetts market with the acquisition of Axiom Insurance Agency based in Springfield. Terms of the...
Marsh & McLennan Agency Acquires Corporate Consulting Services in NYC
Apr 4 2016 // Marsh & McLennan Agency LLC, the middle market agency subsidiary of Marsh, announced Monday that it has acquired Corporate Consulting Services Ltd., a New York City-based insurance brokerage and human resource...
Ryan Direct Group Completes Acquisition of Midas Underwriting
Apr 4 2016 // Ryan Direct Group, the subsidiary of Chicago-based Ryan Specialty Group, announced the completion of the acquisition of Midas Underwriting, which was completed on March 31, following regulatory approval. This transaction...
