Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ACE to Acquire Chubb in $28.3 Billion Deal
Jul 20 2015 // In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The balance sheet’s size and strength will elevate the combined company into the elite group of global...
Brown & Brown Acquires RF Ougheltree & Associates in New Jersey
Jul 17 2015 // Brown & Brown Inc. announced that its wholesale brokerage division, Hull & Company, has acquired certain assets of RF Ougheltree & Associates LLC in Lyndhurst, New Jersey. Terms of the transaction were not...
Japanese Insurers Eye More Acquisitions in U.S.
Jul 17 2015 // Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue...
Update: AXIS Capital, PartnerRe Sweeten Deal with Higher Special Dividend
Jul 16 2015 // Specialty insurer and reinsurer AXIS Capital Holdings Ltd and PartnerRe Ltd agreed to sweeten the terms of their merger agreement to fend off a rival bid from Italy’s EXOR SpA. The companies agreed on Thursday to...
Willis to Acquire PMI Health Group, UK-Based Healthcare Adviser & Broker
Jul 16 2015 // Willis Group Holdings plc announced an agreement to acquire PMI Health Group (PMIHG), an independent healthcare adviser and broker in the UK. Willis said the deal will significantly raise the company’s presence in...
Xuber’s Bermuda Roundtable White Paper Summarizes Executives’ View of M&A
Jul 15 2015 // Xuber, Xchanging’s insurance software business, has gathered a report, which reveals that “insurance executives in Bermuda are questioning the long-term benefits of the current spate of mergers and acquisitions...
USI Acquires El Paso’s Alexander & Assoc. Insurance Services
Jul 14 2015 // USI Insurance Services (USI) has acquired the property/casualty business of Alexander & Associates Insurance Services LLC (Alexander & Associates) in El Paso, Texas. The Alexander & Associates team, including...
Hub International Acquires Kansas-Based Group Benefit Specialists
Jul 14 2015 // Hub International Limited (Hub) has acquired Group Benefit Specialists (GBS), a Wichita, Kan.-based employee benefits brokerage. Terms of the acquisition were not disclosed. The GBS team will continue to operate from their...
Risk Strategies Acquires MacCorkle in Northern California
Jul 14 2015 // Risk Strategies Co. has acquired MacCorkle Insurance Service in Burlingame, Calif. The terms of the deal were not disclosed. Bernard Lauper, CEO, and Keith Fujishige, principal, will remain with the combined firm, as will...
Fairfax Offers to Buy 26% of Indian Brokerage IIFL for $255 Million
Jul 14 2015 // Fairfax India Holdings Corp., the $1 billion fund created by Toronto-based investor Prem Watsa, offered to buy 26 percent more in Indian brokerage IIFL Holdings Ltd.* for $255 million. Fairfax India announced an offer to...
SNL’s Top 15 Reinsurers: M&A Fails to Push Europeans Out of Leader Spots
Jul 13 2015 // SNL Financial published a list of the top 15 global reinsurers last week, showing the major European reinsurers in the top four spots. The ranking is based on 2014 assumed reinsurance premiums for both non-life and life...
PartnerRe Weighs New Deal Terms with AXIS to Fend Off EXOR’s Rival Offer
Jul 13 2015 // PartnerRe Ltd., seeking to fend off a hostile $6.8 billion cash bid from EXOR SpA, is weighing whether it can arrange new terms with rival reinsurer AXIS Capital Holdings Ltd. to preserve their planned merger. The two...
Auto Makers Seek to Limit Data Sharing with Tech Partners
Jul 10 2015 // Carmakers are limiting the data they share with technology partners Apple Inc and Google Inc through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers do...
Hedge Fund Sandell Criticizes PartnerRe for Shunning $6.8B EXOR Offer
Jul 10 2015 // Sandell Asset Management Corp., the activist hedge-fund firm, amplified its criticism of PartnerRe Ltd. for shunning the unsolicited $6.8 billion takeover offer from EXOR SpA that would break up the reinsurer’s...
World Insurance Associates Acquires Bux-Mont Agency in Pennsylvania
Jul 9 2015 // World Insurance Associates LLC, an independent insurance agency based in Tinton Falls, New Jersey, announced its acquisition of Bux-Mont Agency Ltd. in Southampton, Pennsylvania. Terms of the transaction were not...
Guarantee, Bullfrog Insurance Partner for Canada Small Business Online Cover
Jul 9 2015 // The Guarantee Company of North America announced that it has “teamed up with Bullfrog Insurance to provide a faster and simpler way for Canadian small business owners to obtain small business insurance.” They...
AXIS & PartnerRe Consider Sweetening $6.2B Merger Agreement: Sources
Jul 9 2015 // Reinsurers AXIS Capital Holdings Ltd and PartnerRe Ltd are considering tweaking their $6.2 billion merger agreement in a bid to fend off a $6.8 billion offer for PartnerRe by EXOR SpA, people familiar with the matter...
Hub Acquires Assets of Florida-Based Cooper Simms Insurance
Jul 9 2015 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Cooper, Simms, Nelson & Mosley (Cooper Simms), based in Winter Park, Fla. Terms of the acquisition were not disclosed. Cooper...
Berry Joins FIRST Insurance Funding in Illinois
Jul 7 2015 // FIRST Insurance Funding Corp. in Northbrook, Ill., has added Justin Berry as a senior vice president and regional sales manager. Berry will manage FIRST Insurance Funding Corp.’s Midwest sales team and assist with...
1347 Property Insurance, Brotherhood Mutual Partner for Wind/Hail Coverage in Texas
Jul 7 2015 // Florida-based 1347 Property Insurance Holdings Inc. is partnering with Brotherhood Mutual Insurance Co. to offer wind/hail coverage in Texas. Under this partnership, 1347 Property Insurance subsidiary, Maison Insurance Co....
