Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Ohio and Indiana Joint Venture to Fly Drones to Aid Farmers
Dec 2 2014 // A joint venture between Ohio and Indiana is teaming up with an Ohio college to fly drone missions aimed at helping farmers boost crop yields. The Ohio/Indiana Unmanned Aircraft Systems Center in Springfield, Ohio, and Ohio...
UK’s Aviva Agrees to Acquire Friends Life for $8.8 Billion in Shares
Dec 2 2014 // Aviva plc, Britain’s second-largest insurer by market value, agreed to buy Friends Life Group Ltd. for about 5.6 billion pounds ($8.8 billion) in stock in the U.K. insurance industry’s biggest takeover in 15...
Schinnerer to Acquire SeaFire Insurance Services in Kansas
Dec 1 2014 // Victor O. Schinnerer & Co. on Monday announced an agreement to acquire SeaFire Insurance Services, a Kansas-based managing general underwriter focused on providing property/casualty solutions for the auto dealership...
Scottish American Acquires Southern States in Louisiana
Dec 1 2014 // Scottish American has completed the acquisition of Southern States General Agency in Ruston, La. Terms of the deal were not disclosed. “SSGA allows us to partner with people we enjoy working with, and the benefit of...
Spain’s Mapfre Seeking to Make Acquisitions in Europe and U.S.
Dec 1 2014 // Mapfre SA, the biggest insurer in Spain, is seeking to expand and may make acquisitions in Europe and the U.S., Chairman Antonio Huertas said. The company isn’t constrained by regulators’ efforts to stiffen...
Texas Agent Group Acquires LevelFirst, Forms IIAT Services MGA
Dec 1 2014 // The Independent Insurance Agents of Texas (IIAT) announced it is continuing its tradition of providing insurance markets for small independent agencies with the acquisition of Dallas-based managing general agency...
AmTrust Financial Services to Acquire CorePointe Insurance Co.
Nov 24 2014 // AmTrust Financial Services Inc. announced it has entered into a definitive agreement to acquire Birmingham, Mich.-based CorePointe Insurance Co. (CorePointe), a wholly owned subsidiary of CorePointe Group LLC. The cash...
Aquiline Capital Acquires Majority Stake in Beach & Associates in Toronto
Nov 24 2014 // Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has made an investment for a majority of the equity in Beach & Associates Ltd., an independent global reinsurance broker...
EPIC Acquires Atlanta Specialty Brokerage Greyling
Nov 24 2014 // EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage, has acquired Greyling Insurance Brokerage & Risk Consulting, Inc., a specialty insurance broker and risk management consultant...
RenaissanceRe to Acquire Platinum Underwriters in $1.9 Billion Deal
Nov 24 2014 // RenaissanceRe Holdings Ltd. and Platinum Underwriters Holdings Ltd. announced that the companies have entered into a definitive merger agreement under which RenaissanceRe will acquire Platinum. Under the terms of the...
Aviva in $8.76 Billion Deal to Buy Friends Life after Pensions Shake-up
Nov 21 2014 // British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for £5.6 billion [$8.76 billion], as British pension reform puts pressure on insurance companies to find new...
Minnesota’s North Risk Partners Merges with Thune Insurance Network
Nov 21 2014 // St. Paul, Minn.-based independent insurance brokerage, North Risk Partners, announced it has merged with Thune Insurance Network, located in Northwest Minnesota with offices in Thief River Falls, Roseau and Baudette. The...
Arthur J. Gallagher Acquires Iowa-Based Miller-Harrison Insurance Services
Nov 20 2014 // Arthur J. Gallagher & Co. announced it has acquired Miller-Harrison Insurance Services in Muscatine, Iowa. Terms of the transaction were not disclosed. Founded in 1919, Miller-Harrison is a retail insurance broker...
LeapFrog Buys Majority Stake in Kenya’s Resolution Insurance
Nov 20 2014 // LeapFrog Investments, the private equity firm with a focus on Africa and Asia, said it will pay 1.68 billion shillings ($18.6 million) to gain control of Kenya’s Resolution Insurance and tap growth in health...
U.K.’s Towergate Bonds Plunge on News of Takeover Bids
Nov 19 2014 // Towergate Finance plc’s high-yield bonds plunged to a record after Europe’s largest insurance broker said it received takeover offers. The company’s 304.6 million pounds ($475.5 million) of 10.5 percent...
PIA of Florida, National Insurance Underwriters Launch E&O Partnership
Nov 18 2014 // The Professional Insurance Agents of Florida Inc. (PIA of Florida) has tapped National Insurance Underwriters (NIU) as the official underwriter of its insurance agents’ professional liability errors and omissions...
FBinsure Acquires Gramlich Insurance Agency in Massachusetts
Nov 18 2014 // FBinsure, an independent insurance agency based in Taunton, Massachusetts, announced its acquisition of Gramlich Insurance Agency, an independent agency in New Bedford, Massachusetts. The terms of the transaction were not...
Hamilton Insurance Plans to Acquire Sportscover Underwriting at Lloyd’s
Nov 18 2014 // Hamilton Insurance Group, the Bermuda-based holding company for property-casualty reinsurer Hamilton Re and insurer Hamilton USA, announced it has entered into a share purchase agreement to acquire Sportscover Underwriting...
York Risk Services Group Acquires RMPG in New York
Nov 17 2014 // York Risk Services Group Inc., a Parsippany, New Jersey-based provider of claims management, managed care, risk management and specialized loss adjusting services, has acquired Risk Management Planning Group (RMPG) in...
MetLife’s Gay Rights Support Draws Criticism of Malaysia Partner
Nov 17 2014 // MetLife Inc.’s support for gay rights in the U.S. is drawing criticism to the insurer’s partner in Malaysia. A group in the nation called for a boycott of AMMB Holdings Bhd.’s AmBank, citing...
