Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Aetna Says Federal Regulators Want More Information on Humana Acquisition
Sep 21 2015 // Health insurer Aetna Inc . said on Friday that the U.S. Department of Justice asked for more information on its pending $37 billion acquisition of Humana Inc . The DoJ’s so-called “second request” will...
Delaware Court Raising Standards for Class Actions Against Mergers
Sep 21 2015 // A Delaware judge signaled on Thursday that the rules are changing for shareholder class actions challenging corporate mergers, which are widely criticized for reaping millions dollars in lawyers’ fees while rarely...
Arthur J. Gallagher & Co. Acquires North Alabama Insurance
Sep 20 2015 // Arthur J. Gallagher & Co. has acquired North Alabama Insurance, Inc. in Florence, Ala. Terms of the transaction were not disclosed. Established in 1982, North Alabama Insurance, Inc. (NAI) is a managing general agent...
Taiwan’s Cathay Financial Completes Acquisition of Conning
Sep 18 2015 // Cathay Financial Holding Co. Ltd., based in Taiwan, said it has completed the previously-announced acquisition of Conning Holdings Corp. through its subsidiary, Cathay Life Insurance Co, Ltd. Conning, based in Hartford,...
China’s Fosun in Advanced Talks to Buy RSA’s Middle East Unit: Sources
Sep 18 2015 // Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc’s Middle East business, people familiar with the matter...
JLT Employee Benefits to Buy Corporate Unit of Close Brothers Asset Mgmt
Sep 17 2015 // JLT Employee Benefits has agreed to acquire the corporate business of Close Brothers Asset Management Limited for an undisclosed value. JLT EB said the deal will boost its client portfolio and strengthen its market share...
RSA Promotes Middle to Role of Global Telematics Partnering Director
Sep 16 2015 // London-based RSA announced it has promoted Paul Middle to the role of global telematics partnering director. Effective immediately, Middle will be responsible for growing RSA’s telematics portfolio globally across...
No Competing Offers to EXOR Deal Received by PartnerRe
Sep 16 2015 // PartnerRe Ltd., the reinsurer that agreed to a takeover by Italy’s EXOR SpA in August, said the period to contact other potential bidders has ended with no other offers. “None of the third parties contacted...
Reinsurance Execs at Rendez-Vous Question Recent High-Priced M&As
Sep 15 2015 // Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd’s of London insurance companies are paying too much. Deal-making will continue after Tokyo-based...
AssuredPartners Expands Kentucky Presence With Western Rivers Acquisition
Sep 15 2015 // AssuredPartners Inc., has acquired Western Rivers Insurance of Paducah, Kentucky and Insurance Center of Murray, Kentucky. The agency’s 22 employees will continue to operate from their current location under the...
Who Will Be Next? M&A Trends to Be Eyed at Monaco Reinsurance Meeting
Sep 11 2015 // A prolonged decline in global reinsurance prices is spurring merger moves in the sector, with many executives attending next week’s annual industry meeting in Monte Carlo eyeing who might next become predator or...
Hub Acquires Assets of California-Based Howitt Benefit Services
Sep 11 2015 // Hub International Ltd. has acquired the assets of Howitt Benefit Services in San Jose, Calif. Terms of the deal were not disclosed. Nancy Howitt, Howitt’s president and client service supervisor, will join Hub...
China’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions
Sep 11 2015 // Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its...
Florida-Based Prepared Holdings to be Acquired by Meridian
Sep 11 2015 // Prepared Holdings, LLC, the holding company for Prepared Insurance Co., has entered into a definitive merger agreement with Meridian Insurance Holdings, Inc., a private investment group, under which Prepared will be...
Hurricane Museum Seeks to Close $15M Funding Gap
Sep 11 2015 // Ten years after back-to-back storms Katrina and Rita galvanized plans for a Lake Charles, La., museum focused on hurricanes, supporters have secured about $42 million in pledges to build it. The Advocate reports supporters...
Markel Corp. to Acquire CATCo, Bermuda-Based ILS Specialist
Sep 10 2015 // Markel Corporation and CATCo Investment Management Ltd. announced they have entered into an agreement whereby Markel will acquire substantially all of the assets of CATCo, a Bermuda-based specialist in insurance linked...
Willis Re Report: Capital Growth Eases as M&A, Capital Mgmt. Accelerate
Sep 10 2015 // In its most recent Reinsurance Market Report Willis Re, the reinsurance division of Willis Group Holdings plc, notes: “Faced with significant over-capacity and widespread pricing pressure, the growth in global...
AssuredPartners Acquires Nashville Broker Bandy Van Cleave & Williamson
Sep 10 2015 // AssuredPartners Inc. has acquired Bandy Van Cleave & Williamson of Nashville, Tenn. The agency’s staff will continue to operate from their Nashville location under the local leadership of Bob Van Cleave and Chuck...
Hub Acquires Assets of Brown Agency in Alaska
Sep 9 2015 // Hub International Ltd. has acquired the assets of Brown Agency Inc. in Kenai, Alaska. Terms of the deal were not disclosed. Brown is a multi-line agency providing commercial and personal insurance services, as well as...
Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
Sep 9 2015 // Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., Lancashire...
