Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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....
Integro Acquires Lemme Insurance Group in Illinois
Jul 7 2015 // International insurance broker and risk management firm Integro Ltd. has acquired Lemme Insurance Group Inc., based in Arlington Heights, Ill. Details of the transaction were not disclosed. Lemme, a boutique insurance...
Innovative Captive Strategies Acquires Aceterrus in Montana
Jul 7 2015 // Innovative Captive Strategies has acquired Aceterrus Insurance Resources of Bigfork, Mont. Aceterrus will operate as a subsidiary of Innovative Captive Strategies. The Aceterrus office and team members will remain...
Based in Chicago, Rubin to Head Integro’s M&A Unit
Jul 7 2015 // International insurance brokerage and risk management firm Integro Ltd. has hired Ben Rubin as a principal and head of mergers and acquisitions, a new position. He is based in Chicago. Ben Rubin Rubin joins Integro from...
PartnerRe’s Ex-CEO: Shareholders Should Vote Against AXIS Merger Plan
Jul 6 2015 // PartnerRe Ltd.’s former Chief Executive Officer Patrick Thiele said the reinsurer’s shareholders should vote against a planned merger with AXIS Capital Holdings Ltd. and called the cash offer from Italy’s...
Redpoint Insurance Acquires Texas’ Safeway County Mutual
Jul 6 2015 // Redpoint Insurance Group LLC has acquired Safeway County Mutual Insurance Co. in Dallas, Texas. Terms of the transaction were not disclosed. Safeway County Mutual Insurance will operate under the name Redpoint County...
Ohio OKs Fosun Acquisition of Meadowbrook Insurance Sub
Jul 6 2015 // Meadowbrook Insurance Group Inc., based in Southfield, Mich., that on July 1, 2015, Fosun International Limited received the required approval from the Ohio Department of Insurance regarding the acquisition of control of...
Hub International Acquires The HDH Group in Pittsburgh
Jul 2 2015 // Insurance brokerage Hub International Limited announced today its acquisition of Pittsburgh-based The HDH Group (HDH). Terms of the acquisition were not disclosed. HDH will establish a new regional operation for Hub that...
Alliant Insurance Services Acquires Preferred Concepts in New York
Jul 2 2015 // Specialty insurance brokerage Alliant Insurance Services announced today it has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, an insurance program underwriter and...
