Mergers and Acquisitions
A day after AON PLC said it was considering buying rival Willis Towers Watson PLC, AON disclosed Wednesday that it is dropping the plan, which would have resulted in the creation of the world's largest captive insurance company manager.
USI Insurance Services (USI) will acquire U.S. Risk Insurance Group (U.S. Risk), one of the nation's largest property and casualty program and specialty brokerage firms. The transaction is expected to close in the second quarter of 2019.
In a recent statement, Capstone Associated Services, Ltd., revealed that it is currently in negotiations to acquire captive insurance portfolios from captive managers and is in contact with sponsors looking to either exit the small captive business or combine forces.
Guy Carpenter & Company, LLC, will expand leadership and form a new global capital solutions group in conjunction with the Jardine Lloyd Thompson Group plc (JLT) acquisition. The appointments are subject to the closing of the transaction between Guy Carpenter's parent company, Marsh & McLennan Companies, and JLT.
EPIC Holdings, Inc., announced that it will acquire Integro Holdings, Inc., which houses substantially all of the US operations of Integro Group Holdings, LP. Financial terms of the proposed transaction have not been disclosed.