Best Read Mergers & Acquisitions Headlines
Headlines from our Mergers & Acquisitions Topic Page with the most time spent reading.
#1 Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets
Feb 6 2023 // A U.S. jury on Friday found Tesla Inc. CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had “funding secured” to take the electric car company...
#2 Albertsons, Kroger CEOs to Defend $25B Merger to Skeptical U.S. Senators
Nov 29 2022 // Top executives at Kroger Co. and Albertsons Companies Inc. are expected to face tough questions on Tuesday from lawmakers who worry the grocers’ planned $25 billion merger will push up food prices at a time when...
#3 Ardonagh Group to Buy Australian Insurance Investment, Distribution Firm Envest
Nov 23 2022 // The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Envest Pty Ltd., an Australian insurance investment and distribution business. Headquartered in Brisbane,...
#4 Texas Lawmakers to Consider TWIA Funding, ESG This Legislative Session
Jan 12 2023 // Texas lawmakers returned to Austin this week for the start of the 88th Legislature, which portends to be a relatively quiet legislative session for hearing property and casualty concerns. “I think insurance is...
#5 People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK
Jan 5 2023 // Aon Names Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA Insurance broker Aon plc has named Agostino (Ago) Fulciniti as head of strategy execution for Commercial Risk Solutions in EMEA,...
#6 Global Insurance M&A Hits 10-Year High, Despite Slowdown in H2 2022
Feb 28 2023 // The insurance sector saw 449 completed mergers and acquisitions (M&A) worldwide during 2022, up from 418 the previous year – the highest for a decade, according to law firm Clyde & Co’s insurance growth...
#7 M&A Drops From 2021 Record High but Activity ‘Solid’: Marshberry
Jan 9 2023 // Following a record year in 2021, insurance agency consulting firm Marshberry said the amount of mergers and acquisitions in the insurance industry dropped by more than 200 in 2022 but when all is said and done, the year...
#8 U.S. Supreme Court to Hear Fight Over Consumer Watchdog Agency’s Funding
Feb 27 2023 // The U.S. Supreme Court on Monday agreed to decide whether the Consumer Financial Protection Bureau’s funding structure established by Congress violates the U.S. Constitution in a case that President Joe Biden’s...
#9 Update: JPMorgan Buys First Republic Bank’s Assets After Government Auction
May 1 2023 // Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co. on Monday, in a deal to resolve the largest U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking...
#10 Ringleader Pleads Guilty to Scheme Using Stolen IDs to Buy Vehicles
Mar 15 2023 // A Massachusetts man described by authorities as the ringleader of a group that used stolen identities to buy multiple vehicles worth a total of more than $1.5 million has pleaded guilty to fraud and identity theft charges,...
#11 Insurance M&A Activity Slowed in 2022: S&P
Dec 29 2022 // Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped this year, according to an S&P Global Market Intelligence...
#12 DOJ Antitrust Losses in Court Are Seen as Setback for Biden’s Merger Crackdown
Oct 26 2022 // In the span of just a month, federal judges rejected the US Justice Department’s attempts to block three mergers in the health technology, agriculture and defense contracting industries. The agency is considering...
#13 Evertree Acquires Illinois’ Gnade
Dec 15 2022 // Evertree Insurance, an omni-channel personal lines insurance distribution platform, has acquired Gnade Insurance Group. Gnade is located in Frankfort, Illinois. Gnade Insurance is a 27-person independent insurance agency...
#14 Specialty Program Group Acquires Texas’ Catapult
Nov 3 2022 // Specialty Program Group, an operator of specialty insurance brokerages and underwriting facilities, announced the acquisition of the assets of Catapult Insurance Solutions. Based in Carrollton, Texas, Catapult is a...
#15 Antitrust Enforcers Are Chilling Big Mergers
May 10 2023 // The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never making it past the boardroom as executives fear lengthy and expensive...
#16 Hilb Group Expands in New York Region With Commercial Book Acquisition
Dec 20 2022 // The Hilb Group has acquired a book of commercial property/casualty business in the tri-state region. Hilb Group did not identify the seller or size of the book of businesses. The business will be managed by Williston Park,...
#17 Alera Group Acquires Benson Blackburn for Affluent Clients
Nov 4 2022 // Alera Group Wealth Services, a division of Alera Group, an insurance and wealth management firm, today announced the acquisition of Benson Blackburn. Based in Naples, Florida, BB is a specialized insurance consultancy with...
#18 Network Merger: New Jersey Alliance’s 22 Agencies to Join Keystone Group
Dec 13 2022 // Keystone Insurers Group, the fourth largest insurance agency network, has agreed to merge New Jersey Agents Alliance (NJAA) into its nationally ranked network. Keystone said NJAA’s 22 owners/members unanimously...
#19 NFP Acquires Olson & Olson in Colorado
Nov 29 2022 // NFP acquired Olson & Olson Insurance Services Inc. in Denver, Colorado. Firm leaders Darrell Olson II and Lance Olson will join NFP and report to John Hohman, president, West region, NFP. Olson & Olson is an...
#20 Global M&A Hits 10-Year High, Says Clyde & Co.
Aug 18 2022 // The volume of global insurance industry mergers and acquisitions reached a 10-year high in the first half of 2022, up 9.5% from the same six months a year ago. According to Clyde & Co’s Insurance Growth Report...
