Business Insurance

Login  |  Register Subscribe

Mergers & Acquisitions Subscribe to RSS feed for 'Mergers & Acquisitions'

Aspen attempts to thwart Endurance takeover bid

By: Matthew Lerner

Published April 17, 2014 - 2:26pm CST

Aspen Insurance Holdings Ltd.'s board has adopted a shareholders rights plan to fend off an unsolicited offer by Endurance Specialty Holdings Ltd. to buy Aspen for $3.2 billion in cash and stock.

Few merger and acquisition lawsuits lead to big money: Study

By: Judy Greenwald

Published April 17, 2014 - 1:34pm CST

Only 2% of lawsuits filed in response to merger and acquisition deals that settled in 2013 produced significant monetary returns for shareholders, says a new study by Cornerstone Research Inc.

$1.35B credit facility to fund Brown & Brown acquisitions, future growth

By: Mark A. Hofmann

Published April 17, 2014 - 11:07am CST

Brown & Brown Inc. has entered into a five-year $1.35 billion unsecured credit facility to fund acquisitions and future growth, the Daytona Beach, Fla.-based broker announced Thursday.

U.K.'s RSA sells east European businesses to Polish insurer PZU

Published April 17, 2014 - 9:12am CST

(Reuters) — Troubled U.K. insurer RSA has sold the bulk of its eastern European operations to Poland's state-controlled group PZU for about €360 million ($497.3 million), the Polish firm's biggest ever deal and RSA's first to be done under its financial restructuring plan.

Aspen Insurance rejects hostile takeover bid by Endurance

By: Matthew Lerner

Published April 14, 2014 - 12:16pm CST

Aspen Insurance Holdings Ltd. has rejected a $3.2 billion cash-and-stock hostile offer by Endurance Specialty Holdings Ltd., Hamilton, Bermuda-based Aspen said in a statement Monday.

Insurer Endurance offers to buy Aspen Insurance for $3.2B

Published April 14, 2014 - 10:01am CST

(Reuters) — Insurer Endurance Specialty Holdings Ltd. said it offered to acquire Aspen Insurance Holdings Ltd. for about $3.2 billion in cash and stock.

Arthur J. Gallagher accelerates global push with purchase of Australia broker

By: Mark A. Hofmann

Published April 13, 2014 - 6:00am CST

Arthur J. Gallagher's proposed buyout of Australian conglomerate Wesfarmers' insurance brokerage operations would instantly give Gallagher a giant footprint in Australia and position the large U.S. broker for growth in Asia.

Cross Insurance buys Troy, Pires & Allen insurance agency

By: Kate Shepherd

Published April 09, 2014 - 4:34pm CST

Cross Insurance, an insurance agency owned by Cross Financial Corp., has acquired East Providence, R.I.-based insurance agency Troy, Pires & Allen Insurance.

Lennox Investments to buy Southport Re

By: Mark A. Hofmann

Published April 09, 2014 - 2:14pm CST

Lennox Investments L.L.C. has signed a memorandum of understanding to acquire Southport Re (Cayman) Ltd., the New York-based investment group said Wednesday.

Private equity driving insurance industry mergers and acquisitions: Pat Ryan

By: Rodd Zolkos

Published April 09, 2014 - 12:19pm CST

CHICAGO — Investments by private equity companies are driving merger and acquisition activity in the insurance industry and are fueling industry creativity, according to Patrick Ryan, chairman and CEO of Ryan Specialty Group.

Arthur J. Gallagher makes its biggest deal by far

Published April 06, 2014 - 9:25pm CST

Insurance brokerage Arthur J. Gallagher & Co. agreed to pay $938 million for the insurance brokerage units of Australian conglomerate Wesfarmers Ltd.

A.M. Best assigns Torus' U.S. operations a negative outlook

By: Matthew Lerner

Published April 04, 2014 - 11:30am CST

A.M. Best Co. Inc. has assigned Torus Insurance Holdings Ltd.'s Wilmington, Del.-based Torus Specialty Insurance Co. and Torus National Insurance Co. units a negative outlook while affirming their financial strength rating of A-, Best said Friday.

Arthur J. Gallagher enters New Zealand with Mike Henry brokerage buy

By: Matthew Lerner

Published April 04, 2014 - 11:12am CST

Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Auckland, New Zealand-based retail broker Mike Henry Insurance Brokers Ltd., Gallagher said Friday.

Great-West to acquire J.P. Morgan Asset Management large-plan DC business

By: Christine Williamson, Pensions & Investments

Published April 03, 2014 - 1:47pm CST

Great-West Financial will acquire the large-plan defined contribution business of J.P. Morgan Asset Management, creating the second-largest U.S. record keeper by participants and tying for second based on assets under administration.

Hancock selling property/casualty, benefits business to AssuredPartners

By: Matt Dunning

Published April 02, 2014 - 2:33pm CST

Hancock Holding Co., the Gulfport, Miss.-based parent company of Hancock Insurance Agency and Whitney Insurance Agency, said it has agreed to sell its property/casualty and group benefits books of business to broker AssuredPartners Inc.

Hub International buys brokers Argus Insurance, Cusson & Anderson

By: Kate Shepherd

Published April 02, 2014 - 1:47pm CST

Hub International Ltd. on Wednesday announced the acquisition of insurance brokers Argus Insurance Inc. and Cusson & Anderson Financial Services.

Enstar, Stone Point complete Torus Insurance acquisition

By: Kate Shepherd

Published April 02, 2014 - 11:46am CST

Enstar Group Ltd. and Stone Point Capital L.L.C. have completed their acquisition of London-based Torus Insurance Holdings Ltd. and have appointed two new members to Torus’ board.

Gallagher acquires London's Oval Group brokerage for $331M

By: Matthew Lerner

Published April 01, 2014 - 1:07pm CST

Arthur J. Gallagher & Co., has acquired London-based Oval Group of Cos., a brokerage and financial services firm, for £199 million ($331.1 million) in cash, Itasca, Ill.-based Gallagher said Tuesday.

Scor S.E. to launch managing agent at Lloyd's

By: Mark A. Hofmann

Published April 01, 2014 - 12:51pm CST

Scor S.E. has obtained approval to launch a managing agent at Lloyd's, Paris-based Scor announced Tuesday.

Coventry acquisition helps Aetna report increased revenue and profit

By: Matt Dunning

Published March 30, 2014 - 6:00am CST

Propelled largely by its successful acquisition of Coventry Health Care Inc., Hartford, Conn.-based Aetna Inc. posted the strongest 2013 performance among the five largest publicly traded U.S. health insurers.

Gallagher acquires New York brokerage

Published March 26, 2014 - 1:14pm CST

Arthur J. Gallagher & Co. has acquired Spataro Insurance Agency, Inc. of Burnt Hills, N.Y.

Insurer executives expect more sector mergers and acquisitions: Survey

By: Mark A. Hofmann

Published March 25, 2014 - 2:14pm CST

An overwhelming majority — 86% — of North American insurance executives surveyed by Towers Watson & Co. expect the volume of insurance mergers and acquisitions to increase over the next one to three years compared with the previous three years, the consultant said Tuesday.

Canada pension board buys insurer Wilton Re for $1.8B

Published March 21, 2014 - 2:25pm CST

(Reuters) — The Canada Pension Plan Investment Board will buy life insurance and reinsurance provider Wilton Re Holdings Ltd. for $1.8 billion from a group of private equity firms, the first foray by the global dealmaker into the U.S. insurance business.

Reinsurance brokers combine as JLT Towers Re Bermuda

By: Kate Shepherd

Published March 19, 2014 - 12:49pm CST

JLT Re Bermuda and Towers Watson Re Bermuda have merged to form JLT Towers Re Bermuda.

Howden buys Colombian reinsurance brokerage

By: Sarah Veysey

Published March 19, 2014 - 9:14am CST

London-based Howden Insurance Brokers Ltd. has acquired Bogota, Colombia-based reinsurance brokerage NMB Colombia Corredores de Reasseguros S.A.

More »