Most Popular Mergers & Acquisitions Headlines This Year
The most viewed headlines from our Mergers & Acquisitions Topic Page over the last year.
#1 Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal
Feb 8 2023 // Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 billion. As part of the...
#2 Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding
May 4 2023 // Chubb CEO Evan Greenberg said society and the business community need to start asking questions regarding the purpose of third-party litigation funding, a major contributor to increases in frequency and severity within...
#3 Stone Point to Acquire Stake in Truist Insurance for Nearly $2B
Feb 16 2023 // Truist today said it has agreed to sell a 20% stake its insurance brokerage business to private equity firm Stone Point Capital for $1.95 billion. Mubadala Investment Company and other co-investors are participating with...
#4 Vista Equity Partners to Buy Duck Creek for $2.6B Cash
Jan 9 2023 // Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 billion. Pending Duck Creek stockholder and regulatory...
#5 Harford Mutual Insurance Group Announces Merger Plan with ClearPath Mutual
Mar 3 2023 // Harford Mutual Insurance Group, a commercial P/C insurance company, announced its plan to merge with ClearPath Mutual Insurance Company, a monoline workers’ compensation carrier. “We are constantly seeking...
#6 Marsh McLennan Agency Acquires Graham Company
Aug 2 2023 // Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy and one of the top independent insurance and employee benefits brokers in the...
#7 Towers Watson Hits Bump in Road to $80M Insurance for D&O Claims Over Willis Merger
May 10 2023 // A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related to the merger between...
#8 Applied Systems Acquires Tarmika
Aug 16 2022 // Applied Systems said it has acquired Tarmika, a leading commercial lines rating solution that streamlines small business insurance. This complementary acquisition will expand Applied’s commercial quoting and...
#9 Appeals Court Won’t Revisit Towers Watson $80M D&O Denial for Willis Merger Lawsuits
Jun 7 2023 // A federal appeals court has denied insurance broker Towers Watson a rehearing of a May ruling that found it may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related to the merger...
#10 American Financial Group to Acquire Crop Risk Services From AIG for $240M
May 3 2023 // American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under the terms of the transaction, AFG...
#11 Arthur J. Gallagher to Acquire M&T Bank’s Insurance Agency of Buffalo
Sep 30 2022 // Global insurance broker Arthur J. Gallagher & Co. has agreed to acquire Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corp. In connection with the transaction,...
#12 Berkshire Hathaway and Alleghany Corp. Receive Regulatory Approvals for Merger
Oct 17 2022 // Warren Buffett’s Berkshire Hathaway Inc. and Alleghany Corp. announced that all regulatory approvals relating to the proposed $11.6 billion acquisition of Alleghany by Berkshire Hathaway have been received. The deal...
#13 At-Bay Acquires Licensed P&C Insurance Carrier
Jan 24 2023 // Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier. “This milestone will allow us to accelerate...
#14 Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims
Aug 15 2022 // Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change, according to Fitch...
#15 FIGA Sells Muni Bonds to Keep Up with Insolvent Insurer Claims
Jun 27 2023 // The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is the first time in...
#16 Ryan Specialty to Acquire Socius Insurance
May 24 2023 // Ryan Specialty said it has signed a definite agreement to buy national wholesale broker Socius Insurance Services from Abry Partners, employees, and other shareholders. Socius will become a part of RT Specialty, Ryan...
#17 Business Moves: Arch Insurance Acquires Insurtech Thimble
Apr 11 2023 // Arch Insurance today said it has acquired Thimble, an insurtech platform that enables small businesses to get insurance coverage by the job, month or year using app, website, or over the phone. Terms were not disclosed....
#18 Renewable Energy Market Generating New Interest As Sector Grows, Need for New Talent, Funding and Industry Partners Emerges
Nov 21 2022 // As the renewable energy insurance market continues to grow, there are risk concerns including catastrophe exposures, inflation and supply chain challenges. The insurance industry is well aware of the risks and knows it...
#19 World Insurance Acquires 3 Agencies in Northeast
Oct 6 2022 // Insurance brokerage World Insurance Associates reported that it recently closed on purchasing three insurance agencies in the Northeast. World Insurance acquired Michael F. Iacangelo & Company Inc. of Belleville, New...
#20 Legacy Specialist Compre Acquires Covéa’s MedMal Subsidiary
Oct 20 2022 // Compre, the Bermuda headquartered legacy group, announced it has signed agreements to acquire the Irish subsidiary of Covéa, Medical Insurance Co. DAC (MIC), which provided general liability insurance covering...
