All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
May 18 2016 // Economical Mutual Insurance Co., the Waterloo, Ontario-based property and casualty insurance company, announced plans to acquire Desjardins Group’s pet insurance business, Western Financial Insurance Co. (WFIC) and...
May 18 2016 // Guy Carpenter & Co., the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Cos., has formed a strategic alliance with cyber security specialist Symantec Corp. to create a cyber...
May 17 2016 // Salem Five, a banking and financial services company based in Salem, Massachusetts, announced that it has acquired Otis Brown Insurance Agency Inc. of Lexington, Massachusetts. Terms of the transaction were not...
May 17 2016 // Arthur J. Gallagher & Co. has acquired Hogan Insurance Services Inc., located in Westlake Village, Calif.Terms of the deal were not disclosed. Robert Hogan and his team will continue to operate in their current...
May 17 2016 // Activist investor Carl Icahn has raised his stake in American International Group Inc. by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent companies.Icahn now owns 44.4...
May 17 2016 // Fairfax Financial Holdings Ltd., the Canadian investment firm led by Prem Watsa, is in advanced talks to buy control of Indonesian financial group PT Paninvest’s non-life insurance unit, people with knowledge of the...
May 17 2016 // Reliance Partners has promoted of Jordan Chastain to the position of senior director of Sales for the transportation division of the company. Chastain is a native of Gainesville, Ga., and a graduate of the University of...
May 16 2016 // Partners Specialty Group, LLC has announced a new non-admitted online high value homeowners facility with limits in excess of $60 million. Appointed agents will be able to access the online portal and obtain quotes for the...
May 16 2016 // Brown & Brown Inc. announced Monday that it has agreed to acquire substantially all of the operating assets of Morstan General Agency Inc. and related companies based in Manhasset, New York.The transaction is expected...
May 13 2016 // Arthur J. Gallagher has acquired B.R. Rhymer Insurance Agencies Ltd., a Canadian personal and commercial lines broker located in Winnipeg, Manitoba.The agreement will see the business, which has been operating under a...
May 13 2016 // Chedid Capital Holding, in collaboration with a group of investors in Dubai, has acquired 75 percent of Al Manara Insurance Services Co. Ltd., an insurance brokerage firm with more than 25 years of experience in the United...
May 12 2016 // Eastern Insurance Group LLC, a Natick, Massachusetts-based independent agency, announced that it has acquired BBS Employee Benefits in Newton, Massachusetts. Terms of the transaction were not disclosed.Founded in 2002, BBS...
May 12 2016 // Great American Insurance Group and Service Lloyds Insurance Co. announced the acquisition of Service Lloyds’ Texas nonsubscription book of business by Great American. The acquisition was effective April 29, 2016. The...
May 11 2016 // Insurance agency mergers and acquisitions hit an all-time high for the first quarter of a year, with 109 reported transactions in the first three months of 2016. The pace slightly outstripped 107 deals reported in the...
May 11 2016 // Arthur J. Gallagher* has partnered with independent specialist Cardinus Risk Management to offer its commercial property and property investor clients a cost-effective nationwide service that will help eradicate the risk...
May 10 2016 // CMS LLC, an insurance wholesaler based in Melville, New York, announced that it has acquired Diversified Professional Risk Managers in Rockville Centre, New York. Terms of the transaction were not disclosed.Established in...
May 9 2016 // Cigna Corp.’s acquisition by health insurance rival Anthem Inc. may not be approved this year, Cigna said Friday in a regulatory filing.Shares of both companies declined. An analyst said the delay could be a sign of...
May 9 2016 // AXA SA, France’s largest insurer, is open to more acquisitions to keep expanding in Brazil even as Latin America’s largest economy suffers its deepest recession on record.AXA expects Brazil’s 360...
May 6 2016 // Editor’s Note: This announcement has been updated to correct the name – Automobile Insurance Specialists Inc., based in Las Vegas.Confie has acquired three insurance agencies in Las Vegas, South Florida, and...
May 6 2016 // The new Chubb reported its first quarter results since the Ace Ltd. deal to acquire Chubb closed in January and, according to the man who spearheaded the giant merger, the combined firm is “off to a good start”...