2020 M&A News

Italian Investor Group Exor Weighs Sale of PartnerRe to France’s Covea

Investment group Exor, which controls carmaker Fiat Chrysler, is in exclusive talks to sell reinsurer PartnerRe to France’s Covea in a deal one source familiar with the matter said was worth around $9 billion. Exor, the investment vehicle of Italy’s …

Argo to Sell Trident Public Risk Solutions to Paragon MGA

Bermuda-based global specialty lines underwriter Argo Group International Holdings has agreed to sell its Trident Public Risk Solutions brand and underwriting platform to Paragon Insurance Holdings. Trident Public Risk Solutions provides insurance and risk management services for public sector entities …

Title Insurer Fidelity National to Acquire FGL Holdings

Fidelity National Financial Inc said on Friday it would acquire U.S. annuities and life insurance firm FGL Holdings Inc. in a deal valued at $2.7 billion, as it seeks to expand beyond its core title insurance business. Reuters reported on …

CBIZ Acquires Alliance Insurance Services of Washington D.C.

CBIZ Inc., a provider of financial, insurance and advisory services, has acquired substantially all of the assets of Alliance Insurance Services Inc. (AIS) of Washington, D.C., effective February 1, 2020. With roots dating back to 1986, AIS is an independent …

Hub International Limited Acquires Pennsylvania’s TRA Insurance Solutions

Hub International Limited (Hub), a global insurance brokerage, has acquired Triester, Rossman & Associates Inc. (TRA Insurance Solutions). Terms of the transaction were not disclosed. Located in King of Prussia, Penn., TRA Insurance Solutions is an independent insurance firm providing …

Hub Acquires Assets of New York’s Kokkoris Insurance Services

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Kokkoris Corp., d/b/a Kokkoris Insurance Services. Terms of the transaction were not disclosed. Based in Astoria, N.Y., Kokkoris Insurance Services is a boutique insurance agency that provides …

Axa in Talks to Sell Eastern, Central European Business to Austria’s Uniqa

Axa SA is in advanced talks to sell its central and eastern European operations to Austria’s Uniqa Insurance Group AG, people familiar with the matter said. The insurers aim to reach an agreement in the coming weeks for the businesses …

K2 Insurance of U.S. to Acquire UK’s Pioneer Underwriters

California-based specialty insurance holding company K2 Insurance Services is acquiring London-based Pioneer Underwriters. Pioneer will form the cornerstone for a new international platform of K2. This will initially include the Pioneer offerings in property catastrophe reinsurance, financial institutions, international property …

Aon Acquires Canadian Cyber Security Firm Cytelligence

Insurance broker Aon reported it has acquired Cytelligence Inc., a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security training for employees. Aon said the acquisition will help it expand its …

The Andrew Agency Acquires Virginia’s A & R Associates

The Andrew Agency has acquired A & R Associates in Alexandria, Va., effective January 15, 2020. Terms of the transaction were not disclosed. Founded in 1971, A & R Associates provides commercial insurance services to clients throughout Virginia, Maryland and …