All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
May 8 2018 // Billionaire investor Carl Icahn has sold his stake in American International Group Inc, ending a more than two-year association with one of the largest U.S. property and casualty insurers, according to a person familiar...
May 7 2018 // AssuredPartners Inc. has acquired National Insurance Services (NIS), headquartered in Brookfield, Wisconsin.NIS is trusted by over 2,500 public sector organizations in 29 states for employee benefits consulting and...
May 7 2018 // Allianz Group said it has agreed to sell shares representing 8.4 percent of the share capital of Banco BPI to CaixaBank.The total purchase price for this transaction is 178 million euros or 1.45 euros per Banco BPI share....
May 7 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the...
May 4 2018 // Newport Beach, California-based Alliant Insurance Services has acquired Engel Agency Inc., located in the Chicago area.Family owned and operated, Engel Agency, led by President Paul Engelhard, has a strong institutional...
May 4 2018 // Cochrane & Co. has acquired the assets of Heritage General Agency, a wholesale managing general agent, based out of Englewood, Colo. HGA will become part of Cochrane and will establish Cochrane’s presence in...
May 4 2018 // Drug companies are in no rush to finance a solution to the opioid epidemic.Companies including Johnson & Johnson and McKesson Corp. are preparing to take their chances in court rather than pay billions of dollars to...
May 4 2018 // Mark Edward Partners, an independent, full-service, international insurance brokerage firm, has acquired the Kaplow Insurance Agency, a Chappaqua, N.Y.-based firm that has specialized in equine insurance for more than 50...
May 4 2018 // According to details revealed in a public filing earlier this week, two parties approached XL Group for potential tie-ups before AXA started to pursue a deal—and seven, in total, were interested before AXA and XL agreed...
May 4 2018 // Kathleen Losada has joined Tower MSA Partners of Delray Beach, Fla., as vice president of strategic services.In this role, she will be responsible for identifying new markets and service offerings for the company, which...
May 3 2018 // AssuredPartners Inc. has acquired Cornerstone Insurance Group, based in St. Louis, Missouri.Cornerstone is a full-service insurance firm providing employee benefits, risk management and personal insurance solutions. The...
May 3 2018 // Hub International Ltd. has acquired certain assets from Kelly King Insurance Services. Terms of the deal were not disclosed. Ripon, Calif., Kelly King’s property/casualty insurance solutions are focused on insuring...
May 3 2018 // Arthur J. Gallagher & Co. has acquired Bellevue, Wash.-based ClearPoint Financial Inc.Terms of the deal were not disclosed. Paul Grutzner, Michael Brown and their associates will continue to operate from their current...
May 3 2018 // Validus Holdings reported it lost money during the 2018 first quarter, due partly to more expenses, an underwriting loss in its insurance segment and a drop in income for the carrier’s reinsurance arm.The downbeat...
May 2 2018 // Green Bay, Wisconsin-based Associated Banc-Corp (Associated) announced its Associated Benefits and Risk Consulting (ABRC) group will acquire Anderson Insurance & Investment Agency Inc. (Anderson), an independent...
May 2 2018 // Brown & Brown Inc. has entered into an agreement to acquire the Servco Pacific Insurance operations in Hawaii and the Pacific Northwest.The transaction is expected to close in June 2018, subject to certain closing...
May 1 2018 // H.W. Kaufman Group has acquired Dallas-based premium financing firm, Stonemark Inc., with plans to merge it into Kaufman subsidiary, Royal Premium.The merger will create a new organization under the Stonemark brand....
May 1 2018 // AXIS Capital Holdings saw its first-quarter net income and premium volume jump considerably, year-over-year, gains driven largely from its $611.5 million acquisition of Novae Group plc in late 2017.The Bermuda-based...
Apr 30 2018 // Woodland Hills, Calif.-based Peter C. Foy & Associates Insurance Services LLC has completed the acquisition of four agencies, three in California and one in Nevada.The acquisitions are Walnut Creek, Calif.-based R.L....
Apr 30 2018 // China’s Baidu Inc. said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it looks to deepen its push...