Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AXIS to Merge with PartnerRe to Create $11 Billion Reinsurer
Jan 26 2015 // AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. PartnerRe shareholders...
TWIA Legislative Recommendations Address Funding, Depopulation
Jan 26 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Ex-Partner Defeats California’s Firm’s Bid for Personnel Records
Jan 23 2015 // Kleiner Perkins Caufield & Byers, facing gender-bias claims by ex-partner Ellen Pao, may not get access to her performance reviews, complaints about her and other personnel records it sought from her other employers in...
Tennessee’s Crichton Group Makes Staff Changes, Names New Partner
Jan 23 2015 // The Crichton Group, an independent insurance agency in Middle Tennessee, has appointed a new partner and a new director of risk management. In addition, it has also added an account executive and an account manager to its...
Lockton Affinity, Monitor Liability Managers Partner on Accountants’ PL Program
Jan 23 2015 // Lockton Affinity, the affinity program management division of Lockton Cos., has selected Monitor Liability Managers (Monitor), a W. R. Berkley Company, for its national certified public accountant (CPA) professional...
Legislative Focus for Texas Windstorm Insurer: Funding, Depopulation
Jan 22 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Willis to Acquire Majority Stake in Miller in Ship-Insurance Wager
Jan 22 2015 // Willis Group Holdings Plc, the third-largest insurance broker by market value, has agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent stake, and...
NFP Acquires Michelsen Benefits in North Carolina
Jan 21 2015 // New York-based insurance brokerage and consultant NFP has expanded its corporate benefits practice with the acquisition of Charlotte, N.C.-based Michelsen Benefits Group Inc., or The Michelsen Group (TMG). The transaction...
AssuredPartners Acquires Omni Risk Management, Omni Benefits in N.Y.
Jan 20 2015 // AssuredPartners Inc. has acquired Omni Risk Management and Omni Benefits in Smithtown, New York. The firm specializes in coverage for commercial insurance with a specialty in construction coverage, surety bonding, personal...
Associated Banc-Corp to Acquire Ahmann & Martin in Minnesota
Jan 20 2015 // Associated Banc-Corp (Associated) announced it has entered into an agreement to acquire Ahmann & Martin Co., a risk and benefits consulting firm in Minnesota, through Associated’s subsidiary, Associated Financial...
Aon Benfield Acquires Portfolio of Swiss Specialist Broker Sipex
Jan 20 2015 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has acquired the entire portfolio of in-force business of Sipex Insurance and Reinsurance Brokers SA, an insurance and...
Aviva to Cut About 1,500 Jobs with Friends Life Acquisition
Jan 20 2015 // Aviva Plc said it may eliminate about 1,500 jobs with its £5.6 billion ($8.48 billion) takeover of Friends Life Group Ltd. The job losses form part of an estimated £225 million [$340.76 million] in annual savings from...
LevelFirst, Church Mutual Partner on Coverage for Religious Marketplace
Jan 16 2015 // Dallas-based wholesale insurance broker LevelFirst LLC has entered into an agreement with Church Mutual Insurance Co. to provide members of the Independent Insurance Agents of Texas with exclusive access to market-leading...
Get the Full View of M&A and Organic Growth Best Practices
Jan 16 2015 // MarshBerry Launches Four New 360 Seminars Woodmere, OH, January 16, 2015: MarshBerry is hosting four full day regional seminars focusing on best practices for merger & acquisition (M&A) and organic growth...
Ohio’s Smith Insurance Services Partners with the Leavitt Group
Jan 15 2015 // Ohio-based Smith Insurance Services Inc., along with Franchise Insurance Agency Inc., has entered into a partnership with the Leavitt Group. The agency will now be doing business as Smith & Leavitt Insurance Services...
Norton Insurance Agency Acquires Brennan Insurance in Maine
Jan 15 2015 // Norton Insurance Agency, a division of Norton Insurance Financial in Cumberland, Maine, announced that it has acquired the Brennan Insurance Agency of Winthrop, Maine. Terms of the transaction were not disclosed. Norton...
P/C Insurers See Surge in Cyber Insurance, M&A Activity in 2015
Jan 15 2015 // Property/casualty insurance executives overwhelmingly predict growth in both cyber insurance and merger and acquisitions (M&A) activity in 2015, according to a new Insurance Information Institute annual...
West Virginia’s City National Bank Sells Insurance Operations
Jan 15 2015 // City National Bank, headquartered in Charleston, W. Va., has sold its insurance operations, CityInsurance, to Richmond, Va.-based The Hilb Group. City National’s parent, City Holding Co., said the sale was effective...
Kaufman Financial Acquires Canadian MGA Avec Insurance Managers
Jan 13 2015 // Burns & Wilcox Canada, a subsidiary of Kaufman Financial Group, announced it has acquired Avec Insurance Managers, a Toronto-based managing general agent with expertise in marine, inland marine and other specialty...
Northwest Savings Bank Acquires B.J. Petruso Agency in Penn.
Jan 13 2015 // Northwest Savings Bank in Warren, Pennsylvania, announced the acquisition of B.J. Petruso Agency, a property/casualty and life insurance agency located in Meadville, Pennsylvania. Terms of the transaction were not...
