mergers 2017 News

Markel Finalizes Acquisition of State National Companies

Markel Corp. has completed its previously announced acquisition of State National Companies, a specialty provider of property/casualty insurance services that operates two core businesses, program services and lender services. Markel, a Virginia-based in Virginia holding company for insurance, reinsurance and …

Brand Strength, Serial Acquirers to Drive Next Wave of Insurance M&As: Willis Towers Watson

Fewer insurance mergers and acquisitions (M&As) are being completed these day but those that are completed are of a higher value, according to a survey by global broker Willis Towers Watson in conjunction with M&A analysis and information firm Mergermarket. …

Hub to Buy Wells Fargo Crop Insurance Broker Business

Global insurance broker Hub International Limited (Hub) has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells Fargo Crop Insurance Agency, were not …

CVS, Aetna Could Close $70B Merger Deal as Soon as December

U.S. pharmacy operator CVS Health Corp. and health insurer Aetna Inc. are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the matter. The deal would …

XPT Group Acquires Wholesaler WSS and West-Pro of Texas

A new insurance distribution partnership XPT Group reports it has acquired WSS, a Plano, Texas, wholesale broker and managing general agency (MGA) including Western Security Surplus Insurance Brokers Inc. and its managing general underwriting program division West-Pro. The transaction closed …

AmWINS Completes Acquisition of 15 Insurance Programs from Willis Towers Watson

Specialty insurance broker AmWINS Group reported that it has completed the previously-announced acquisition of 15 insurance programs from Willis Towers Watson. Terms were not disclosed. “The programs, product expertise and underwriting talent that we are acquiring from Willis Programs will …

The Hartford to Buy Aetna Group Life, Disability Business for $1.45 Billion

The Hartford has agreed to acquire Aetna’s U.S. group life and disability business for cash consideration of $1.45 billion. This acquisition enhances The Hartford’s group benefits distribution capabilities and accelerates the company’s technology strategy, according to the announcement. “The transaction …

AmWINS Acquiring 15 Insurance Programs from Willis Towers Watson

Specialty broker AmWINS Group reports it has agreed to acquire 15 insurance programs from broker Willis Towers Watson. Among the programs being acquired by AmWINS are MountainGuard, which provides underwriting, claims and loss control services to the majority of ski …

Specialty MGAs Continue to be Popular Acquisition Targets

With growth prospects becoming rarer in the continuing competitive insurance market, carriers are among three sets of buyers fueling a hot M&A environment for specialized managing general agencies, representatives of GC Securities said Sunday. In a blog item on Guy …

Hub Acquires Delisle Agencies of Canada

Global insurance broker Hub International Ltd. has acquired Delisle Agencies Ltd. of Delisle, Saskatchewan, Canada. Terms of the acquisition were not disclosed. The family-owned Delisle Agencies specializes in personal lines and government automotive insurance solutions. Rob Ouellette, president, will join …