All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Feb 21 2019 // South African insurer Discovery could expand through acquisitions in the future but must first work out how its innovative fluctuating premiums, based on clients’ lifestyle behaviors, could be applied to more...
Feb 20 2019 // C&S Insurance has acquired Dedham, Mass.-based Francis M. Walley Insurance Agency. Since assuming ownership in 2012, C&S Insurance second-generation owners Ben Cavallo and Keith Signoriello have completed seven...
Feb 20 2019 // FWD Group, the insurer backed by Hong Kong billionaire Richard Li, has hired former Deutsche Bank AG dealmaker Tan Boon-Kee as senior adviser for mergers and acquisitions.Tan, who will be based in Singapore, started in her...
Feb 19 2019 // Auto-Owners Insurance has entered into a definitive agreement to acquire Monterey, Calif.-based Capital Insurance Group.Terms of the deal were not disclosed. Auto-Owners Insurance Group is headquartered in Lansing, Mich....
Feb 19 2019 // Apollo Global Management LLC, the investment firm led by Leon Black, has completed its acquisition of Aspen Insurance Holdings for $42.75 per share in cash, with an equity value of approximately $2.6 billion.The...
Feb 18 2019 // The year of 2018 brought an all-time high of merger and acquisition (M&A) activity to the insurance industry.Consolidation of firms, both at a local level with M&A by independent agents and brokers, and...
Feb 15 2019 // Chicago-based Ryan Specialty Group has agreed to acquire the assets and operations of Myron F. Steves & Co., an independently owned wholesale insurance brokerage headquartered in Houston, Texas, with additional offices...
Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...
Feb 15 2019 // The Hanover Insurance Group, Inc. has a new agreement with the multinational insurer RSA Group to join its global network as a U.S. strategic network partner. This relationship expands The Hanover’s international...
Feb 15 2019 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Firstbrook Pointon Benefits Inc.Terms of the transaction were not disclosed. Based in Toronto, Ontario in Canada,...
Feb 14 2019 // Ant Financial, the Chinese financial services giant controlled by billionaire Jack Ma, bought London-based payments company WorldFirst in its biggest overseas deal since a U.S. expansion was thwarted.The acquisition marks...
Feb 13 2019 // Alera Group, a national insurance firm, has acquired Broad Reach Benefits LLC, effective February 1, 2019. Terms of the transaction were not announced.Broad Reach Benefits, headquartered in Madison, N.J., offers a range of...
Feb 13 2019 // The Allstate Corp. said it has acquired iCracked, a provider of on-site, on-demand repair services for smartphones and tablets in North America. The privately held San Francisco-based company will join SquareTrade, a...
Feb 13 2019 // Prathap C. Reddy and his family, founders of India’s Apollo Hospitals Enterprise Ltd., plan to sell their holdings in an insurance venture with Munich Re AG to repay debt, people with knowledge of the matter said.The...
Feb 13 2019 // Arthur J. Gallagher & Co. has acquired Salem, Ore.-based Surety Solutions LLC and Agency Multiplied Inc. Terms of the deal were not disclosed. Surety Solutions is a surety focused agency that specializes in offering...
Feb 13 2019 // Ryan Specialty Group, LLC has reached a definitive agreement to acquire the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter with offices...
Feb 12 2019 // Dallas-based property/casualty program and specialty brokerage firm, U.S. Risk Insurance Group (U.S. Risk), announced it has agreed to be acquired by USI Insurance Services (USI).The transaction is expected to close in the...
Feb 12 2019 // Brown & Brown Metro LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Smith Insurance Associates Inc.Smith Insurance is a family owned agency with more than 35 years of...
Feb 12 2019 // Chicago-based Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Westphalen Insurance Services Inc. (Westphalen), an independently owned wholesale insurance brokerage...
Feb 12 2019 // Alera Group, a national insurance firm, has acquired Whipple & Company, effective Feb. 1, 2019. Terms of the transaction were not announced.Whipple & Company, based in Boca Raton, Fla., was founded in late 2016 by...