Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Musk Sued by Twitter Investors for Stock ‘Manipulation’ During Takeover Bid
May 27 2022 // Billionaire Elon Musk was sued by Twitter Inc .investors claiming he manipulated the company’s stock price downward, as the chief executive of electric carmaker Tesla Inc. mounts a $44 billion takeover bid for the...
Inszone Acquires Texas’ Caleb Insurance and Financial Services
May 26 2022 // Inszone Insurance Services, a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solution, acquired Caleb Insurance and Financial Services,...
Update: Brickell Pulls Plug on Acquisition of Randall & Quilter; R&Q Plans Fundraise
May 26 2022 // Property/casualty speciality insurer Randall & Quilter Investment Holdings Ltd. announced its planned acquisition by Brickell PC Insurance Holdings LLC has been terminated by shareholder Brickell. R&Q announced in...
HDI International to Acquire Retail Insurance Business of Sompo Seguros in Brazil
May 25 2022 // HDI International AG, a subsidiary of Talanx Group, is acquiring the retail business of Sompo Seguros S.A. in Brazil. This acquisition enables HDI Seguros S.A. in Brazil to gain scale in motor and to diversify into...
Arthur J. Gallagher Acquires Frederickson Partners in California
May 25 2022 // Arthur J. Gallagher & Co. acquired Menlo Park, California-based Valerie Frederickson & Company Inc., dba Frederickson Partners. Founder Valerie Frederickson and her team will continue to operate under the direction...
Alera Group Acquires West Michigan Insurance
May 19 2022 // Alera Group acquired West Michigan Insurance Inc., a Property & Casualty insurance agency based in Grand Rapids, Michigan, with office locations in Shelby, Michigan, and Hart, Michigan. Founded in 1924, West Michigan...
Allianz Buys Majority Stake in Jubilee General Insurance Co. of Tanzania
May 19 2022 // Allianz has acquired a 51% stake in Jubilee General Insurance Co. of Tanzania Ltd. from Jubilee Holdings Ltd. (JHL) and the Aga Khan Fund for Economic Development (AKFED). JHL will retain a 15% stake and six minority...
Investment Firm Brookfield to Buy UK Repair Site HomeServe for £4.1B
May 19 2022 // Brookfield Asset Management Inc. agreed to buy emergency household repairs provider HomeServe Plc in a deal valuing the company at £4.1 billion ($5 billion), one of the UK’s largest take-private transactions this...
Starr Insurance Cos. Acquires Thai Non-Life Insurer
May 18 2022 // Starr Insurance Cos. announced an agreement with FPG Insurance Holdings Ltd. (HK) and local Thai shareholders to purchase FPG Insurance Public Co. Ltd. (FPG Thailand), a Thai non-life insurance company. Starr’s...
USI Acquires Ames-Grenz Insurance Services in California
May 16 2022 // USI Insurance Services acquired Sacramento, California-based Ames-Grenz Insurance Services Inc. Ames-Grenz is an employee benefits brokerage and advisory firm. USI is an insurance brokerage and consulting firm providing...
Arthur J. Gallagher Acquires Illinois’ Hruska Insurancenter
May 16 2022 // Arthur J. Gallagher & Co. announced the acquisition of Mokena, Illinois-based Hruska Insurancenter, Inc. Terms of the transaction were not disclosed. Founded in 1956, Hruska Insurancenter is a retail property/casualty...
Russia’s Aeroflot Buys 8 Stranded Airbus A330 Aircraft From Leasing Firms
May 16 2022 // Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part of the fulfillment of contractual obligations.” More than 400 aircraft...
Alabama DOI to Hold Hearing on VR Acquisition of National Security Group
May 13 2022 // The Alabama Department of Insurance will hold a hearing in June on VR Insurance Holdings’ proposed purchase of the National Security Group. VR Insurance Holdings is a recently formed Delaware-based company formed by...
People Moves: WTW Reshapes M&A Practice; Starr Names Relationship Leader; Cover Genius Adds 2
May 13 2022 // WTW Vows to Grow M&A Practice, Appoints Broking Regional Leader Insurance broker WTW (Willis Towers Watson) announced that Mark Rusas will focus exclusively on leading the Mergers & Acquisitions (M&A) practice...
Choice Financial Buys Pensylvania’s Fonner Insurance
May 12 2022 // Choice Financial Group reported that it has acquired property/casualty insurance agency Fonner Insurance Associates in Abington, Pennsylvania. Fonner has served the greater Philadelphia area for 30 years led by the Fonner...
Howden Acquires Singapore-Based AEGIS Insurance Agencies
May 12 2022 // Howden Insurance Brokers (Singapore) Pte Ltd., the international insurance broker and subsidiary of Howden, announced it has acquired the business and assets of AEGIS Insurance Agencies Pte., a Singapore-based specialist...
BXS Insurance Acquires Texas’ Wall 2 Wall
May 11 2022 // BXS Insurance, Inc. (BXSI), a subsidiary of Cadence Bank acquired the assets of Wall 2 Wall Benefit Services (Wall 2 Wall) which is headquartered in Stafford, Texas, a city within the Houston metropolitan statistical...
Court Says Musk Recklessly Tweeted ‘Funding Secured’ for Taking Tesla Private
May 11 2022 // A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s...
Risk Strategies Acquires Insurance Center of Central Florida
May 11 2022 // Boston-based specialty insurance broker Risk Strategies has acquired The Insurance Center of Central Florida (ICCF), a property/casualty insurance and risk management agency based in Melbourne, Florida. Terms of the deal...
Carlyle to Acquire NSM Insurance from White Mountains in $1.78 Billion Deal
May 9 2022 // Private equity firm Carlyle Group Inc. told Reuters on Monday it has agreed to acquire U.S. specialty insurance provider NSM Insurance Group from White Mountains Insurance Group Ltd. for $1.78 billion in cash. Carlyle said...
