The most viewed headlines from our Mergers & Acquisitions Topic Page over the last year.
Sep 30 2024 // Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing.U.S. retail broker McGriff, an affiliate of private-equity backed TIH (formerly Truist...
Dec 20 2023 // Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment.The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing is...
Sep 12 2024 // Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company’s 120-year history.Sentry will pay $1.1...
Feb 13 2024 // Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months.Grindavik has...
Oct 8 2024 // There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight has been found in individual jurisdictions that have rules to increase transparency,...
Feb 8 2024 // The former chief executive officer of a Kansas bank was charged with embezzling $47.1 million from the lender to buy cryptocurrency, as the tale of tiny Heartland Tri-State Bank and its failure unfolds.Shan Hanes, who led...
Apr 26 2024 // Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP.The purchase price will be funded by $7 billion in cash and $6 billion of Aon stock. Closing was earlier than...
Jan 3 2024 // The Travelers Cos. completed its previously announced acquisition of Corvus Insurance Holdings Inc., a cyber insurance managing general underwriter.The $435 million acquisition was first announced in November 2023, which...
Mar 11 2024 // Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016.A Virginia federal district...
Jan 23 2024 // Litigation financing could soon become more transparent and less influential in Florida, but a 34-year-old restriction on who can file medical malpractice wrongful death claims would be expanded under bills approved Monday...
Jul 10 2024 // Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group, Inc.Terms were not disclosed. The deal is expected to close during the third quarter 2024. “We have been...
Jun 3 2024 // RiverStone International reports it has closed on its acquisition of Electric Insurance Co. and its two subsidiaries, Elm Insurance Co. and Electric Insurance Agency.Electric Insurance is a Beverly, Massachusetts-domiciled...
Dec 22 2023 // A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren’t the exact words used by Aon’s CEO Greg Case, they were...
Nov 8 2024 // Insurtech Hippo said it has sold a majority stake in First Connect Insurance Services, a digital platform for independent agents.The buyer is private equity fund Centana Growth Partners, who with Hippo shares Palo Alto,...
Apr 5 2024 // Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses...
Jun 26 2024 // Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million.The deal, according to Zurich, may include an additional payment if specific...
Sep 13 2024 // Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway BRKa.N, sold more than half of his Class A shares in the conglomerate this week.According to a Wednesday night regulatory filing,...
Apr 24 2024 // Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies in the Southeast—Fisher Brown Bottrell Insurance, Inc.Marsh McLennan Agency will pay $315.9 million...
Mar 6 2024 // A majority of Americans are unaware of third-party litigation funding but most believe state and federal laws should be changed to address abuses in the legal system.According to the results of a recent survey of 2,000...
Apr 23 2024 // Chubb said it is acquiring managing general agent Healthy Paws from Aon plc.Whitehouse Station, New Jersey-based Chubb has been the exclusive underwriter of Healthy Paws’ pet insurance program for Aon since 2013....