Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
GDP Advisors Acquires The Insurance Connection of Texas
Oct 27 2015 // McKinney, Texas-based GDP Advisors has acquired The Insurance Connection of Texas (ICT). Located in Frisco, Texas, ICT has been owned and operated by Lori and Chris Gardner and specializes in general/commercial liability,...
Ace Group $5.3 Billion Bond to Help Finance $28.3 Billion Acquisition of Chubb
Oct 27 2015 // Ace Group on Tuesday announced a $5.3 billion four-part bond to help finance its acquisition of Chubb, Reuters reported this morning. The Chubb deal is expected to be priced later today. Ace filed its preliminary...
PartnerRe’s Q3 Earnings Impacted by EXOR Acquisition, ‘Difficult’ Market
Oct 27 2015 // As EXOR’s acquisition of Bermuda-based PartnerRe proceeds, it will be taking over a somewhat diminished company, as PartnerRe reported a net loss of $243.3 million, or $5.08 per share for the third quarter of 2015....
Injury Claims Become Commodities with Litigation Funding, Claim Aggregation
Oct 26 2015 // For all the black robes and ceremony, the American legal system often operates more like a factory assembly line than a citadel of individualized justice. Ninety- five percent of criminal prosecutions end in plea deals....
FEMA Urges Californians to Buy Flood Insurance Ahead of El Nin᷈o
Oct 26 2015 // Federal emergency officials are urging Californians to buy flood insurance – even those who don’t live near creeks or rivers – as El Nin᷈o conditions get underway in the Pacific Ocean, increasing chances for...
Ironshore Acquires Novae Group’s Agricultural Team and Renewal Portfolio
Oct 26 2015 // Bermuda-based Ironshore International announced the acquisition of the reinsurance renewal rights to Novae Group’s global agriculture reinsurance portfolio. The transfer is conditional on Lloyd’s approval and...
Arthur J. Gallagher Acquires Ohio’s Sigma II Insurance Agency
Oct 26 2015 // Arthur J. Gallagher & Co. has acquired Sigma II Insurance Agency in Independence, Ohio. Terms of the transaction were not disclosed. Founded in 1988, Sigma II Insurance Agency (Sigma II) is an employee benefits...
Four Specialist M&A Underwriters Join Marketform to Write $77 Million Line
Oct 23 2015 // Specialist Lloyd’s underwriter Marketform has announced the appointment of four more mergers and acquisitions (M&A) insurance specialists who will be based in their London office. The new underwriters –...
The Hilb Group Acquires Gentry Insurance of Florida
Oct 23 2015 // The Hilb Group, LLC (THG) has acquired Gentry Insurance Agency (GIA) Inc. GIA is an independent insurance agency located in Apopka, Fla. The transaction became effective October 1, 2015. As an independent agency, GIA...
Chubb Shareholders Approve Merger with Ace
Oct 22 2015 // The Chubb Corp. said its shareholders approved the previously announced $28.3 billion merger agreement with Ace Limited today. The proposal to approve the merger agreement received support from approximately 98 percent of...
K&K to Partner with Producers to Provide New Program Business Markets
Oct 21 2015 // K&K Insurance Group, Inc., a subsidiary of Aon plc, is now accepting property and casualty program business from producers. K&K has provided property and casualty program options for more than 60 years,...
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...
