Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Willis Signs Indian Market Joint Venture with Almondz Insurance Brokers
Feb 25 2015 // Willis Group Holdings plc announced that it has agreed to purchase a 49 percent stake in Almondz Insurance Brokers Private Limited, an Indian insurance broker with nearly 300 associates in nine offices in India serving...
Platinum’s Ratings Remain on CW Positive Pending RenRe Acquisition: S&P
Feb 25 2015 // Standard & Poor’s Ratings Services has maintained its ‘BBB’ long-term counterparty credit rating on Bermuda-based Platinum Underwriters Holdings Ltd. on CreditWatch with positive implications. S&P...
PIA of Florida Partners with Windhaven to Provide Additional Market Access
Feb 23 2015 // The Professional Insurance Agents of Florida and Windhaven Insurance have formed a partnership that gives PIA members a direct appointment to write policies with Windhaven Insurance upon meeting minimal criteria. The PIA...
AXA to Acquire 7% of Africa Re to Increase Pan-African Exposure
Feb 23 2015 // AXA has entered into an agreement to acquire a 7.15 percent stake in African Reinsurance Corporation, the leading reinsurance company in Africa. Under the terms of the agreement, the total cash consideration payable at...
Business Risk Partners Hires Simmons as E&O Manager in Connecticut
Feb 20 2015 // Bruce Simmons Business Risk Partners, a program administrator in specialty insurance, has hired Bruce Simmons as errors and omissions (E&O) manager for miscellaneous professional liability (MPL) and cyber liability...
AXA Buys London Pinnacle Site for Redesigned Skyscraper
Feb 20 2015 // AXA Real Estate Investment Managers, the property unit of France’s AXA Group, has bought the London site of the halted Pinnacle skyscraper and plans to build a tower of its own design. The building at 22 Bishopsgate...
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...
