Marsh McLennan to acquire Fisher Brown Bottrell Insurance for $345 mn
Marsh McLennan Agency (MMA), a subsidiary of Marsh, plans to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank
M&A Insurance News
SageSure acquired GeoVera Advantage Insurance Services
SageSure, a managing general agent focused on catastrophe-prone markets, has completed its acquisition of GeoVera Advantage Insurance Services
Sentry Insurance acquired of The General, a non-standard auto insurer
Sentry Insurance announced the successful completion of its acquisition of The General, a leading provider of non-standard auto insurance, from American Family Insurance
OCBC Hong Kong to sell stake in Hong Kong Life for $75 mn
OCBC Bank (Hong Kong) announced it will sell its entire 33.33% stake in Hong Kong Life Insurance for approximately HK$589.3 mn ($75 mn) to Yue Xiu Enterprises (Holdings)
Insurtech wefox to sell wefox Insurance to a Swiss consortium
Insurtech wefox Holding AG has finalized an agreement to sell its Liechtenstein-based insurer, wefox Insurance AG, to a Swiss consortium led by BERAG
Cathay Life to acquire 50% stake in Offshore Wind Farm near Taiwan
Cathay Life Insurance Co. along with its subsidiary Cathay Wind Power Holdings Co.will purchase a 50% stake in the Greater Changhua 4 Offshore Wind Farm
Nippon Life to acquire 100% of Resolution Life in $8.2 bn deal
Nippon Life Insurance Co. will acquire full ownership of Resolution Life for $8.2 bn. The payment will secure Nippon Life the remaining shares from Resolution Life
AIG sells Corebridge shares to Nippon Life for $3.8 bn
American International Group Inc. (AIG) finalized the sale of 120 mn shares of Corebridge Financial common stock to Nippon Life Insurance Co
Allianz Group withdrawn its offer to acquire a majority stake in Income Insurance
Allianz Group has withdrawn its pre-conditional cash offer to acquire a majority stake in Income Insurance Limited. The move follows changes to Singapore’s Insurance Act
MGA Optio Group acquired of Den Hartigh Beheer & Exploitatie B.V.
The UK-based managing general agent (MGA) Optio Group has finalized its acquisition of Den Hartigh Beheer & Exploitatie B.V.
Assicurazioni Generali to sell stake in Generali Life Assurance Philippines
Assicurazioni Generali S.p.A. announced an agreement to sell its entire stake in Generali Life Assurance Philippines Inc. to The Insular Life Assurance Co
Zurich Insurance completed $600 mn acquisition of AIG’s personal travel business
Zurich Insurance Group has completed its $600 mn cash purchase of American International Group’s personal travel business. This move strengthens Zurich’s position
Hanwha Life Insurance acquires the parent company of Velocity Clearing
Hanwha Life Insurance plans to acquire a 75% stake in the parent company of Velocity Clearing. This move provides the South Korean life insurer with a foothold in the U.S.
Aviva acquires U.K. P&C insurer Direct Line Insurance for £3.51 bn
Aviva has reached a preliminary deal to acquire U.K. property and casualty insurer Direct Line Insurance Group plc for £3.51 bn.
Gallagher will acquire AssuredPartners Inc. for $13.45 bn
Arthur J. Gallagher & Co. (AJG) will acquire AssuredPartners Inc. for $13.45 bn. The deal strengthens AJG’s presence in the U.S. middle market and leverages AssuredPartners’ active mergers and acquisitions
Westland Insurance acquired of MSP Insurance, expanding operations in Ontario
Westland Insurance has expanded its operations in Ontario with the acquisition of MSP Insurance Corp., also known as Mitchell Sandham Pastor Insurance Brokers
Liberty Global Transaction Solutions released its annual M&A claims briefing
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has released its fifth annual M&A claims briefing. The 2024 report analyzes insurance claims
Gallagher acquired Dawson & Keenan Insurance, a retail insurance brokerage in Ontario
Arthur J. Gallagher & Co. has acquired Dawson & Keenan Insurance, a retail insurance brokerage in Sault Ste. Marie, Ontario. The financial details of the deal were not disclosed
McDougall Insurance acquired Cornell Insurance Brokers, based in Markham
McDougall Insurance Brokers Limited (McDougall Insurance) has acquired Cornell Insurance Brokers Ltd., a brokerage based in Markham
Allianz Australia purchases RAA’s general insurance business and securing
Allianz Australia has partnered with the Royal Automobile Association of South Australia (RAA) in a deal valued at AUD$642.2 mn
Abacus Life completes $2 bn acquisition of Carlisle Management Company
Abacus Life, a global alternative asset manager specializing in longevity data and actuarial technology, has completed its acquisition of Carlisle Management Company S.C.A. Carlisle
Drayden Insurance acquired Norwest Insurance Agencies in Alberta
Drayden Insurance, a subsidiary of McDougall Insurance Brokers, has acquired Norwest Insurance Agencies, continuing its expansion in Alberta
Navacord’s Jones DesLauriers partners with Vita Assure to expand in Quebec
Jones DesLauriers Consulting, the benefits consulting division of Jones DesLauriers Insurance and a Navacord broker, has partnered with Vita Assure, a Quebec-based firm
Aon acquires the insurance agency of Mitsubishi Chemical Group in Japan
Aon announced a definitive agreement to acquire the in-house insurance agency of Mitsubishi Chemical Group (MCG). The move expands Aon’s risk and health offerings in Japan
Bishop Street Underwriters plans to acquire Landmark Underwriting, a London Market MGA
Bishop Street Underwriters, a portfolio company of RedBird Capital Partners, announced its plans to acquire Landmark Underwriting, a specialty MGA in the London Insurance
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Deloitte presents new trends in insurance mergers and acquisitions for 2024-2025, focusing on how economic, regulatory, and strategic factors might shape the future.
Global private equity and venture capital deal value grew in the first quarter, although the volume of transactions declined from the same period in 2023
Involving HR professionals early in M&A due diligence can help deals close more quickly and increase the chances of a successful transaction