2017 mergers and acquisitions News

Fifth Third Closes Acquisition of Epic Insurance Solutions, Integrity HR

Cincinnati, Ohio-based Fifth Third Bancorp has closed on the acquisition of Epic Insurance Solutions Agency LLC, and Integrity HR. Don Thompson along with the other principals of Epic Insurance Solutions, Jason Rankin and John Neace will continue to lead the …

Aon Completes Acquisition of Dutch Broker Unirobe Meeùs Groep

Aon Groep Nederland announced it has completed its acquisition of Unirobe Meeùs Group (UMG) from Aegon for €295 million (343.4 million). The acquisition encompasses the whole of Unirobe Meeùs Group, said Aon, noting that on completion Aon will be the …

Aetna Keeps Quiet About Reported CVS Merger Talks; Net Income Rises 39%

U.S. health insurer Aetna Inc failed to provide any hints on reported merger talks with CVS Health Corp when discussing quarterly results on Tuesday and laid out obstacles to 2018 earnings growth, sending its shares lower. The company reported a …

PointeNorth Insurance Group Acquires Georgia Agencies Benton & Parker, Cord & Wilburn

PointeNorth Insurance Group, an independent insurance agency in the Southeast with local ownership, has acquired Benton & Parker Insurance Services, a commercial truck insurer headquartered in Georgia. The company also acquired Cord & Wilburn Insurance, a Woodstock, Georgia-based insurance firm. …

Aon to Acquire UK-Based Insurance Broker Henderson

Global insurance broker Aon said it will acquire Henderson Insurance Broking Group, an independent UK-based insurance broker. Terms were not disclosed. Aon anticipates completing the acquisition in December. Henderson Insurance Broking Group is one of the UK’s largest independent brokers, …

CVS Health Reported in Talks to Buy Aetna

Aetna Inc. gained in New York trading after the Wall Street Journal reported that CVS Health Corp. is in talks to buy the insurer for more than $66 billion. Aetna jumped 12 percent to $178.60, closing at a record high, …

Insurance Agency M&A Continues at Fast Pace: OPTIS Partners

The number of insurance agency mergers and acquisitions over the first nine months of the year rose from 350 in 2016 to 457 this year, OPTIS Partners’ new quarterly report reveals. There were 132 deals announced during the third quarter, …

Assurant to Buy The Warranty Group for $2.5 Billion

Assurant will pay $2.5 billion to acquire The Warranty Group, a rival that provides insurance protection plans in areas including consumer electronics and appliances. Assurant is buying The Warranty Group from TPG Capital, a global alternative asset firm with interests …

AXIS Capital Completes Purchase of Novae; Executive Team Announced

AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd’s, with 2016 global gross written premiums of $6 billion. The $611.5 million …

Hub International Acquires Assets of Banyan Consulting Group of North Carolina

Hub International Limited has acquired the assets of Banyan Consulting Group, Inc. (Banyan). Terms of the acquisition were not disclosed. With offices in Greensboro, Raleigh and Charlotte, North Carolina, Banyan specializes in employee benefits. Alan Overbey, CEO of Banyan, will …