Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PwC Concludes South African Insurers Seeking Technology Partnerships
Oct 21 2015 // South Africa’s biggest insurers are considering technology and telecommunications partnerships as they seek ways to improve earnings to counter increased competition and a slowing economy, according to...
Private Equity Firm Kelso to Acquire Majority Stake in Boston’s Risk Strategies
Oct 20 2015 // Risk Strategies Company, a Boston-Based insurance and benefits brokerage, and Kelso & Company, a New York City-based private equity firm, announced today that they have signed a definitive agreement whereby Kelso will...
Reinsurers See Further Price Declines for 2016 in Wake of Mergers
Oct 19 2015 // The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess...
DA Suspends Funding Agreement with Workers’ Comp Insurer, Texas Mutual
Oct 19 2015 // The Travis County, Texas District Attorney’s office said it is suspending an agreement with Texas Mutual Insurance Co. under which the company provides funds for prosecutors to pursue the workers’ compensation...
People’s United Insurance Agency Acquires Kesten-Brown in Connecticut
Oct 16 2015 // People’s United Bank N.A., a Bridgeport, Connecticut-based regional bank with nearly 400 retail locations in six states, announced that its subsidiary, People’s United Insurance Agency, has acquired...
BrokersLink Partners with 10 New Members, Launches New Product Strategy
Oct 16 2015 // Brokerslink, a global independent brokering company, has signed 10 new members and launched a customized products strategy at its 2015 global conference in New York. These new brokers and specialist resources members bring...
Church Mutual to Acquire Penn. School Boards Association Insurance Holdings
Oct 15 2015 // Church Mutual Insurance Company, a Merrill, Wisconsin-based insurer of religious organizations, announced that it has agreed to acquire the insurance operations of the Pennsylvania School Boards Association. Terms of the...
UK’s Aviva Seeks Smaller Acquisitions in Other Countries After Friends Life
Oct 15 2015 // Aviva Plc’s Chief Executive Officer Mark Wilson said the British insurer is looking for smaller acquisitions outside its home market as it continues to integrate Friend’s Life Group Ltd., the country’s...
Virginia’s TowneBank Expands Insurance Unit With 3 Agency Acquisitions
Oct 14 2015 // TowneBank, a Portsmouth, Virginia-based community banking and financial services company, announced that it has acquired three insurance agencies in Virginia: Invincia Insurance Solutions in Chesterfield; Total Insurance...
PartnerRe Estimates China’s Tianjin Explosions to Cost Between $50m and $70M
Oct 14 2015 // PartnerRe Ltd. estimates that losses from the August explosion in China’s Port of Tianjin will be between $50 million and $70 million pre-tax and net of retrocession and reinstatement premiums. These losses will be...
PARSONS Insurance Services Acquires Dallas-Based Alpha Insurance
Oct 13 2015 // PARSONS Insurance Services, a veteran owned national insurance MGA, has acquired the operations of Alpha Insurance Agency (AIA) in Dallas, Texas. Terms of the acquisition were not disclosed. Alpha Insurance Agency is a...
Capacity Group Buys Stake in Shriver Insurance Agency
Oct 13 2015 // The Capacity Group of Companies (Capacity) has acquired an ownership stake in Shriver Insurance Agency, headquartered in Elmhurst, Ill. As a result, Shriver has been renamed Shriver-Capacity Insurance Agency LLC...
Chinese Insurers Seek Strategic Tie-Ups, M&As to Tap Western Expertise
Oct 13 2015 // Chinese insurers are pursuing strategic tie-ups and outright mergers and acquisitions to tap Western expertise. They are keen for knowledge on products, pricing and technology as a nascent Chinese market for health and...
Hub International Acquires Oxford Coverage in New York
Oct 12 2015 // Hub International Limited, a global insurance brokerage, announced that it has acquired the operations of Oxford Coverage in Brooklyn, New York. Terms of the acquisition were not disclosed. Oxford Coverage is a brokerage...
AssuredPartners Acquires Wilson H. Flock Insurance in Pennsylvania
Oct 12 2015 // AssuredPartners Inc. announced that its subsidiary, AssuredPartners of New Jersey, has acquired Wilson H. Flock Insurance Inc., an independent agency based in Wyoming, Pennsylvania. Terms of the transaction were not...
Global Risk Partners Hires Lewer to Lead E-Trading; Lee for e-Trade Underwriting
Oct 12 2015 // Simon Lewer has joined Global Risk Partners Limited (GRP)* as the chief operating officer of its MGA Division, with responsibility for the development of GRP’s electronic trading initiatives. He also has been...
Take Command Health, Zane Benefits Partner to Serve Small Businesses in Texas
Oct 9 2015 // Take Command Health, a Texas-based startup dedicated to helping individuals choose and save on their health insurance, is partnering with Zane Benefits to provide Texas businesses with fewer than 50 employees with health...
Bailey Place Insurance to Acquire Cotterill Agency in New York
Oct 9 2015 // Bailey Place Insurance, an independent agency with offices in Cortland, Dryden and Ithaca, New York, announced that it will acquire the Cotterill Agency Inc., an independent agency based in Dryden, New York, effective Dec....
JLT Acquires South Africa’s Eikos Risk Applications
Oct 9 2015 // Jardine Lloyd Thompson has agreed to acquire 100 percent of the shares of South Africa-based Eikos Risk Applications (ERA) from Eikos Holdings (Pty) Ltd., part of the Eikos Group. ERA provides specialist marine,...
Thornton Named Managing Director of Global Risk Partners’ Retail Broking Unit
Oct 9 2015 // Global Risk Partners Limited (GRP)* is pleased to announce that Neil Thornton will be joining as managing director of GRP’s Retail Broking business. Thornton was previously head of the Commercial Division of Bluefin...
