Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
All Web Leads to Acquire Bankrate’s Insurance Division
Nov 9 2015 // Austin, Texas-based All Web Leads (AWL), a Genstar Capital portfolio company, announced an agreement to acquire insuranceQuotes.com, Bankrate Inc.’s insurance division. The total transaction purchase price is $165...
Towers Watson Investors ‘Should Reject’ Merger with Willis: Advisers
Nov 6 2015 // Towers Watson & Co. investors should reject a planned merger with insurance broker Willis Group Holdings Plc, proxy advisers Institutional Shareholder Services and Glass Lewis & Co. said. The consulting...
Hub Acquires Assets of Washington-based Employee Benefits Group
Nov 5 2015 // Hub International Ltd. has acquired the assets of Spokane, Wash.-based Employee Benefits Group Inc. Terms of the deal were not disclosed. EBG specializes in providing employee benefits to mid-size and large companies with...
Marsh & McLennan Agency Acquires Dawson Insurance in North Dakota
Nov 4 2015 // Marsh & McLennan Agency LLC (MMA) has acquired Dawson Insurance Agency, a 98-year-old family-owned agency in Fargo, N.D. Terms of the transaction were not disclosed. Established in 1917, Dawson Insurance provides...
London’s IUA, Singapore Reinsurance Ass’n. Announce Partnership Pact
Nov 4 2015 // The International Underwriting Association of London (IUA) and the Singapore Reinsurers’ Association (SRA) have announced an affiliated partnership that “will enable the two organizations to better serve their...
Arthur J. Gallagher Buys Canada Broker Christie-Phoenix & Its Affiliate, Discovery
Nov 3 2015 // Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has extended its investment in Canada with the acquisition of retail insurance broker Christie-Phoenix...
Odyssey Partners Completes Acquisition of Broker Integro
Nov 2 2015 // New York private equity firm Odyssey Investment Partners has completed its acquisition of specialty insurance brokerage Integro Ltd. Financial details of the investment were not disclosed. Integro said its management team...
Partners Insurance Hires McDonald as Broker in Massachusetts
Oct 30 2015 // Bernard J. McDonald V Partners Insurance Group LLC has hired Bernard J. McDonald V as a licensed broker and producer. McDonald is responsible for developing new business and creating customer relationships. He provides and...
Aviva CEO: Jump in New Business Will Allay Fears About Friends Life Acquisition
Oct 30 2015 // Aviva Plc Chief Executive Officer Mark Wilson said a 25 percent jump in new business in the first nine months of the year should allay concerns that his 5.6 billion- pound ($8.6 billion) acquisition of Friends Life Group...
Smith Brothers Acquires Bayberry Insurance in Connecticut
Oct 29 2015 // Smith Brothers Insurance, an independent agency based in Glastonbury, Connecticut, announced that it has acquired the assets of Bayberry Insurance in Groton, Connecticut. Terms of the transaction were not...
IBM to Buy Weather Co.’s Business, Web Properties to Expand Watson
Oct 28 2015 // IBM said today it has agreed to acquire The Weather Co.’s business-to-business mobile and cloud-based web properties, including WSI, weather.com, Weather Underground and The Weather Co. brand. IBM will not acquire...
House Votes to Extend Transportation Funding, Railway Safety Deadline
Oct 28 2015 // The U.S. House of Representatives on Tuesday approved a bill to keep federal funds flowing to road and bridge construction projects into late November, while also extending a key rail safety deadline to the end of 2018. In...
Ace Sells $5.3 Billion of Bonds for Chubb Deal
Oct 28 2015 // Ace Ltd. yesterday sold $5.3 billion of bonds to finance its acquisition of Chubb Corp. The debt sale, which will help close a deal valued at about $30 billion, was issued in four parts, with the longest portion, a 30-year...
Distinguished LLC Acquires Fulcrum Programs in Washington
Oct 27 2015 // Distinguished LLC finalized its acquisition of Bellevue, Wash.-based Fulcrum Insurance Programs. Terms of the deal were not disclosed. Fulcrum will combine with Distinguished’s own real-estate and hospitality program...
