Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Global Reinsurance M&A – A Strategy or an Ultimatum? Best’s Briefing
Feb 20 2015 // A.M. Best has released a briefing exploring the recent wave of merger and acquisition (M&A) activity in the global reinsurance industry and how it reflects on reinsurance companies’ “desire for scale to...
Fairfax to Sell Shares for Brit Acquisition to Protect Credit Rating
Feb 20 2015 // Fairfax Financial Holdings Ltd.’s Prem Watsa, who said this week that issuing stock was one of his last options for financing the purchase of Brit plc, opted days later to sell shares and guard his company’s...
Integro Acquires E&O Specialist Firm in California
Feb 19 2015 // Integro Ltd. has acquired E&O Professional Risk Management and Insurance Services Inc. of Mission Viejo, Calif. Terms of the deal were not disclosed. E&O Pros founder and CEO Sheri Pontolillo will lead the E&O...
AssuredPartners Acquires Amtech Insurance Brokers in New York
Feb 19 2015 // AssuredPartners Inc. has acquired Amtech Insurance Brokers in Latham, New York. Terms of the transaction were not disclosed. Amtech has been providing commercial insurance and risk management services for businesses for...
Sens. Schumer, Blumenthal Seek More Funding for Railroad Crossing Safety
Feb 18 2015 // The government should spend more money safeguarding railroad crossings that are “accidents waiting to happen,” two U.S. senators said on Feb. 15. Sens. Charles Schumer and Richard Blumenthal spoke at New...
FBinsure Acquires Newbury Insurance Agency in Massachusetts
Feb 18 2015 // FBinsure, an independent insurance agency based in Taunton, Massachusetts, announced that it has acquired Henry L. Newbury Insurance Agency, an independent agency in North Attleboro, Massachusetts. Terms of the transaction...
RSA Sells 26% Holding in India’s Royal Sundaram Alliance Insurance
Feb 18 2015 // RSA Insurance Group plc announced that it agreed the sale of its 26 percent holding in Indian insurer Royal Sundaram Alliance Insurance Company Limited to Sundaram Finance Limited, its joint venture partner. RSA expects to...
Arthur J. Gallagher Acquires Cohn Financial in Arizona
Feb 17 2015 // Arthur J. Gallagher & Co. has acquired Cohn Financial Group LLC located in Phoenix, Ariz. Terms of the deal were not disclosed. Michael Cohn and his associates will continue to operate in their current location under...
Woodruff-Sawyer Names Four New Partners From West
Feb 17 2015 // San Francisco, Calif.-based Woodruff-Sawyer & Co. has named four executives as partners: Kim Armanasco and Michelle Droz from the San Francisco office, Jared Pelissier of the Southern California office, and Brad...
Canada’s Fairfax to Acquire London-Based Brit for $1.88 Billion
Feb 17 2015 // Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit plc for some $1.88 billion to become one of the top five underwriters on the...
Specialty Insurance Group, Reel Media Partner on Entertainment Segment Offerings
Feb 13 2015 // Specialty Insurance Group (SIG) and Reel Media, LLC have formed a strategic alliance within the entertainment industry to service the specialty entertainment insurance market segments. The agreement combines the...
Ardian Agrees to Buy JLT’s Stake in Siaci St Honoré
Feb 13 2015 // Jardine Lloyd Thompson Group plc announced that Ardian has agreed to buy JLT’s 26.2 percent stake in Milestone, the holding company of Siaci St Honoré, JLT’s French associate. This offer extends to all...
RenaissanceRe Gets Regulatory Nod to Acquire Platinum Underwriters
Feb 12 2015 // RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its previously announced acquisition of Platinum Underwriters Holdings, Ltd. The transaction remains subject to...
Loeb’s Third Point Reinsurance Ltd. Shuns Acquisitions in U.S., Europe
Feb 12 2015 // Third Point Reinsurance Ltd., the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, said buying a competitor in the U.S. or Europe could clash with its business model. “One of our strengths is we can...
Technology Firm Majesco Completes Acquisition of Consultant Agile
Feb 11 2015 // Insurance technology firm Majesco said it has completed the acquisition of the insurance business of Agile Technologies, a technology consulting firm with revenues of over $9 million. In December 2014, Majesco announced...
Catlin CEO Expects Number of Mergers Among Smaller Insurers to Increase
Feb 11 2015 // Stephen Catlin, who is selling his Lloyd’s of London insurer to XL Group plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace. “Anyone who has got a market value of less than...
Confie Seguros Acquires Texas-Based Baja Auto Insurance
Feb 10 2015 // Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, Calif., announced it has acquired Baja Auto Insurance, which provides auto insurance throughout Texas. Founded in 2006 with one...
A.M. Best: Drivers Behind London Market M&A Activity to Continue
Feb 10 2015 // The changing dynamics in the specialist property/casualty sector continue to encourage merger and acquisition activity in the London market. A new briefing from A.M. Best notes that the need for insurers to leverage...
Brown & Brown Acquires Liberty Insurance Brokers in Philadelphia
Feb 9 2015 // Brown & Brown Inc. announced that its subsidiary Brown & Brown of Pennsylvania LP has acquired certain assets of Liberty Insurance Brokers Inc. and its related affiliate companies in Philadelphia. Terms of the...
Smith Brothers Insurance Acquires McMahon Co. in Connecticut
Feb 9 2015 // Smith Brothers Insurance LLC, an independent insurance agency based in Glastonbury, Connecticut, has acquired the assets of the McMahon Company Inc., an independent agency in Rocky Hill, Connecticut. Terms of the...
