Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Orchid Underwriters to Acquire Platinum Partners in Massachusetts
Nov 20 2015 // Orchid Underwriters, a Vero Beach, Florida-based managing general agent providing excess & surplus (E&S) insurance for coastal properties, has signed a definitive agreement to acquire Platinum Partners, a...
XL Buys Stake in High-Net Worth Insurer PURE
Nov 20 2015 // XL Group Plc, the Dublin-based insurer run by Chief Executive Officer Mike McGavick, acquired a stake in Privilege Underwriters Reciprocal Exchange, which takes on risks for wealthy clients and received funding from KKR...
Paul Hanson Acquires Majority Interest in Universal Insurance in Arizona
Nov 19 2015 // Paul Hanson Partners has acquired a majority interest in Universal Insurance Facilities Ltd., a Phoenix, Ariz.-based provider of specialty insurance programs. The new corporation will be branded as Universal Insurance...
PartnerRe’s Shareholders Approve Acquisition by EXOR
Nov 19 2015 // PartnerRe Ltd. announced Thursday that its shareholders voted to approve the proposed acquisition of the company by EXOR at a special general meeting of shareholders held at the company’s offices in Bermuda. The...
Tower Watson Sweetens Willis Merger Offer by Doubling Special Dividend to $10
Nov 19 2015 // Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm’s investors said that a June agreement was...
BKS-Partners Adds Rays’ Outfielder Thompson to Insurance Team in Florida
Nov 17 2015 // Rich Thompson Florida-based Baldwin Krystyn Sherman Partners, an independent insurance brokerage firm, has appointed former Tampa Bay Rays outfielder Rich Thompson as Commercial Risk and Employee Benefits advisor. Prior to...
Endurance Partners with W. Brown Associates for U.S. Aviation Risks
Nov 16 2015 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has entered into an exclusive joint underwriting agreement with W. Brown Associates to provide...
Confie Acquires California Insurance Specialists
Nov 16 2015 // Confie has acquired California Insurance Specialists, Confie announced on Monday. Terms of the deal were not disclosed. Wayne Pratt, who joined CIS in 1976, and Randy Parker, who joined in 1993, will continue as president...
Ryan Specialty Acquires UK’s Hunter George & Partners, M&A Specialist MGA
Nov 16 2015 // Ryan Specialty Group (RSG), the Chicago-based global specialty insurance services business, has reached an agreement to acquire Hunter George & Partners Ltd., the London-based specialist managing general agent (MGA)...
Allianz Specialty Names Christie to Head Global Broker Partnerships
Nov 16 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has named Rani Christie as head of global partnerships, effective Jan. 1, 2016. In this position, Christie will be...
Consumer Groups, Unions Form Coalition to Oppose Health Insurer Mergers
Nov 16 2015 // Two U.S. consumer groups announced the formation of a coalition with New York labor unions last week to press antitrust regulators to oppose big insurance mergers that would cut the number of nationwide for-profit health...
Academy of Insurance Partners with LAAIA to Offer Online Insurance Training
Nov 16 2015 // Miami, FL, November 16, 2015 — The insurance marketplace is ever changing and continued training is the rule of the day. The high cost of off-site training can be prohibitive for a lot of agencies. Today, that all...
Integro Acquires Ellis Clowes, UK-Based Motorsports Specialty Broker
Nov 13 2015 // Integro Ltd., the New York-based insurance broker and risk management firm, has become “the world’s leading motorsports insurance broker,” with the acquisition of Lloyd’s broker Ellis...
UK’s Xchanging Receives Takeover Bid from Computer Sciences Corp. for $640M
Nov 13 2015 // Outsourcing company Xchanging Plc , which has already accepted a takeover offer from Capita Plc, has received a proposal from U.S.-based Computer Sciences Corp., which values the company at about 421 million pounds ($640...
Doctors Seek to Block 2 Health Insurance Mergers
Nov 11 2015 // The American Medical Association asked U.S. antitrust regulators to block two proposed mergers that could reshape the health insurance industry. Anthem Inc. shouldn’t be permitted to buy Cigna Corp. and Aetna Inc....
Proxy Advisers Recommend Towers Watson Shareholders Vote for Willis Merger
Nov 11 2015 // Towers Watson & Co. has announced that proxy advisers Proxy Mosaic LLC and Egan-Jones Ratings Co. both recommended that Towers Watson stockholders vote for “the proposed merger of equals” with Willis Group...
Hub Acquires Assets of Georgia-Based RFO Enterprises
Nov 11 2015 // Hub International Limited, a global insurance brokerage, has acquired the assets of RFO Enterprises, Inc. (RFO), based in Marietta, Ga. Terms of the acquisition were not disclosed. RFO specializes in commercial lines...
Risk Strategies Acquires Illinois-Based M.G. Welbel & Associates
Nov 11 2015 // Risk Strategies Co. has acquired M.G. Welbel & Associates (MGW), a Northbrook, Ill.-based professional liability insurance specialty broker. Terms of the deal were not made public. MGW’S focus is on lawyers and...
AXA to Buy Charter Ping An in Philippines, Eyeing P&C Growth Opportunities
Nov 9 2015 // AXA Philippines announced it will acquire 100 percent of Charter Ping An Insurance Corp. from GT Capital for 45 million euros ($48.3 million). The acquisition will enable AXA Philippines to offer property & casualty...
Willis ‘Disappointed’ that Tower Watson Shareholders Advised to Reject Merger
Nov 9 2015 // Willis Group Holdings plc said it was “disappointed” that Institutional Shareholder Services last week recommended Tower Watson shareholders reject the proposed merger with Willis. “[W]e are disappointed...
