2017 mergers and acquisitions News

DTRT Insurance Group Acquires Insurance Authority of Florida

DTRT Insurance Group, Inc. (Do The Right Thing) has acquired Insurance Authority, Inc., a retail property and casualty insurance brokerage firm based in Sunrise, Fla. Insurance Authority has been serving the residents of Sunrise & Greater Fort Lauderdale communities since …

MarketScout Sells Workers’ Compensation Business to Specialty Program Group

Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group. MarketScout said it sold the specialty unit, which it said handles $100 million in business, …

Arthur J. Gallagher & Co. Buys UK-Based Total Reward Group

Arthur J. Gallagher & Co., the insurance broker and risk management service firm, has announced the acquisition of Total Reward Group in Sevenoaks, England. Terms of the transaction were not disclosed. Founded in 2005, Total Reward Group is a consultancy …

Fairfax Plans to Sell 12.2% Stake in India’s ICICI Lombard

Canada’s Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees ($3.15 billion), the Indian company said on Saturday. Red …

AIG Agrees to Acquire Hamilton USA, Partner with Two Sigma, Grow Insurtech Attune

American International Group Inc. will acquire Hamilton USA as part of a memorandum of understanding with Hamilton Insurance Group and Two Sigma Insurance Quantified that is designed to further their investment in the technology platform Attune and to advance data-driven …

Catalina Buys Hartford Financial Products Int’l, Downlands Liability Management

Catalina Holdings (Bermuda) Ltd. announced that its wholly owned subsidiary, Catalina Holdings UK Ltd., has completed its acquisition of Hartford Financial Products International Ltd. and Downlands Liability Management Ltd. from The Hartford Financial Services Group Inc. The acquisition of HFPI …

Aon Buys International Benefits Brokerage Portfolio of Mayfair Group

Aon plc announced it has completed its acquisition of the international health and benefits brokerage portfolio of Mayfair Group, a solutions provider to Indian multinational companies. Terms of the transaction were not disclosed. Aon now will assume responsibility for all …

Aon Buys Provider of Talent Measurement & Psychometric Assessment

Aon plc announced it has acquired Hamburg, Germany-based “cut-e”, a specialist in online talent assessments. Financial terms of the transaction were not disclosed. “At a time when the global workforce is shrinking, workforce engagement is on the decline and turnover …

Gateway-Acentria of Florida Acquires L&S Insurance of Fort Lauderdale

Gateway-Acentria Insurance has merged with L&S Insurance and Financial Services, Inc., based out of Fort Lauderdale, Fla. L&S is a full service independent insurance agency specializing in personal lines coverage, such as home, auto, flood and more. The current L&S …

Aon Sells Outsourcing Platform to Focus on Data, Analytics Investments

Aon announced it has completed the sale of its benefits administration and HR business process outsourcing (BPO) platform to private equity funds affiliated with New York-based Blackstone for a cash consideration of $4.3 billion at closing, and an additional consideration …