2018 mergers & acquisitions News

The Hilb Group Adds Massachusetts’ BAR Insurance Brokerage

The Hilb Group LLC (THG) has added Needham, Mass.-based BAR Insurance Brokerage Inc. (BAR). The transaction became effective June 1, 2018. BAR is an employee benefits firm that provides a range of group benefits products and services to its customers. …

Tokio Marine to Acquire Thai, Indonesian Operations of IAG for $390M

Tokio Marine Holdings Inc. announced on June 19 it has entered into a definitive agreement to acquire Thailand and Indonesia insurance businesses of Insurance Australia Group Ltd. (IAG) for approximately A$525 million (42.8 billion Yen; $390 million) in cash. The …

Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance

By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend …

Kaplansky Insurance Acquires Massachusetts’ Kelleher & Mackey Insurance Agency

Kaplansky Insurance, a Needham, Mass.-based, independent and locally owned agency, has acquired Kelleher & Mackey Insurance Agency (K&M) in Quincy, Mass. Following the acquisition, K&M will be merging into Kaplansky’s new Weymouth, Mass., location. The addition of K&M marks the …

MAPFRE Insurance Set to Exit New York, New Jersey Markets

MAPFRE Insurance has entered into definitive agreements with affiliates of The Plymouth Rock Company to exit the states of New York and New Jersey as part of MAPFRE’s previously announced strategy to focus on its core states and lines of …

Arthur J. Gallagher & Co. Announces Acquisition of New York’s H.R. Keller & Co.

Arthur J. Gallagher & Co. has announced the acquisition of Buffalo, N.Y.-based H.R. Keller & Co. Inc. Terms of the transaction were not disclosed. H.R. Keller & Co. Inc.’s Eric Keller, Andrew Coric and their associates will continue to operate …

Navigators Completes Acquisition of Belgian Specialty Insurer for €35M ($41.3M)

The Navigators Group Inc. has completed the acquisition of Bracht, Deckers & Mackelbert NV (BDM), a specialty underwriting agency, and its affiliated insurance company, Assurances Continentales – Continentale Verzekeringen NV (ASCO). Both companies are headquartered in Antwerp, Belgium. Stamford, Conn.-based …

Gallagher Acquires 65% Stake in Specialist Swiss Broker Hesse & Partner

Gallagher, the insurance broker, risk management services and consulting firm, broadened its footprint in continental Europe by acquiring a 65 percent stake in specialist Swiss broker Hesse & Partner AG and Hesse Consulting GmbH. Terms of the transaction were not …

Integro Completes Acquisition of UK-Based Lloyd’s Broker Tysers

Integro Insurance Brokers, the New York-based insurance brokerage and specialty risk management firm, has completed its acquisition of Hawkes Bay Holdings Ltd. (HBH), the privately owned principal parent company of Tyser & Co Ltd., a specialist Lloyd’s broker. Integro said …

RTG’s Limehouse Agencies Buys Corporate Underwriting, Dublin-Based Marine Agency

Limehouse Agencies, part of Risk Transfer Group Ltd. (RTG), announced it has acquired Corporate Underwriting Ltd. (CUL), a specialist marine underwriting agency and Lloyd’s coverholder. The acquisition of Dublin-based CUL by Limehouse Agencies forms part of RTG’s new corporate strategy …