Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Truist Acquires Constellation Affiliated Partners Wholesaler Platform With 7 MGAs
May 24 2021 // Truist Insurance Holdings has agreed to acquire Constellation Affiliated Partners from RedBird Capital Partners. The transaction will add approximately $160 million of annual revenue to Truist Insurance Holdings’...
Australia Bushfire Funding ‘Welcome’ but Insurance Tax Rise ‘Unsustainable’: ICA
May 21 2021 // The Insurance Council of Australia (ICA) welcomed the budget announcement from the state of Victoria of funding of A$517 million (US$401 million), which will be allocated across several bushfire risk reduction projects....
Element Risk Management Acquires Pennsylvania’s Smith Insurance
May 20 2021 // Element Risk Management has acquired Smith Insurance with locations in Hershey and Williamstown, Pennsylvania. Smith Insurance was founded as a small insurance agency by James J. Smith in 1933. The agency was bought by...
Arthur J. Gallagher Acquires Garner & Glover Co. of Georgia
May 19 2021 // Arthur J. Gallagher & Co. has acquired Rome, Georgia-based Garner & Glover Company. Terms of the transaction were not disclosed. Founded in 1874 and operating under its current name since 1926, Garner & Glover...
Newfront Acquires Aviation Marine Insurance in California
May 19 2021 // Newfront Insurance has acquired Aviation Marine Insurance Services in Sausalito, Calif. Terms of the deal were not disclosed. AMIS is led by Scott Gault, who joins Newfront along with his team of aviation insurance...
Howden Acquires UK Specialist Broker Medical Professional Risk Solutions (MPRS)
May 19 2021 // Howden Broking announced it has acquired Medical Professional Risk Solutions (MPRS), a specialist insurance broker for the primary care sector, for an undisclosed sum. Howden said the acquisition adds further expertise to...
Alera Group Acquires Direct Benefits in Minnesota
May 19 2021 // Alera Group, an independent, national insurance and wealth management firm based in Deerfield, Illinois, has acquired Direct Benefits Inc., located in Saint Paul, Minnesota. Direct Benefits specializes in insuring...
G2 Insurance Services Acquires Assets of Ohio’s Schroeder Group
May 18 2021 // San Francisco-based insurance brokerage firm G2 Insurance Services LLC has acquired the assets of Schroeder Group Inc., an independent insurance brokerage firm located in Cincinnati, Ohio. For more than 30 years, Schroeder...
CFC Reps & Warranty Product Supports Transatlantic Mergers, Acquisitions
May 18 2021 // CFC has enhanced its transaction liability services with the launch of a product designed to support North American buyers purchasing a UK or European target business. CFC said its transatlantic suite of transaction...
InterWest Opens New Nevada Office, Acquires Aegis in California
May 17 2021 // InterWest Insurance Services LLC has opened a new office in Reno, Nev., and has acquired Aegis Insurance Markets in Truckee, Calif. Terms of the deal were not disclosed. Tony Commendatore, founder of AEGIS, will continue...
Emerson Reid Acquires Ohio’s May Insurance Services
May 17 2021 // Emerson Reid LLC, an employee benefits wholesale general agent, has acquired Columbus, Ohio-based employee benefits services firm, May Insurance Services Inc., led by John May. Established in 1990, May Insurance Services...
High Street Insurance Partners Acquires Paladin, Richardi-Demola Insurance Agencies
May 14 2021 // High Street Insurance Partners (HSIP), a full-service insurance brokerage platform, has acquired New Jersey-based Paladin Insurance Agency and Richardi-Demola Insurance Agency (RD). Terms of the transaction were not...
Zywave Buys Workers’ Comp Software Firm Modgic
May 14 2021 // Insurance technology provider Zywave has acquired Modgic, an Oregon-based provider of workers’ compensation and experience modification analysis software for the commercial insurance industry. Financial terms were...
Japan Post’s Insurance Unit to Buy Back About $4 Billion of Shares
May 14 2021 // Japan Post Holdings Co.’s insurance unit plans to buy back up to 29% of its shares for about 439.8 billion yen ($4 billion) as its parent company reduces its stake, giving the insurer more freedom to expand its...
Mitchell | Genex | Coventry Agrees to Acquire QualCare Alliance Networks
May 13 2021 // Mitchell | Genex | Coventry, a provider of cost containment technology, provider networks, clinical services, pharmacy benefit management (PBM) and disability management, has entered into a definitive agreement to acquire...
Specialist Risk Group Buys Dublin-Based MGA, Blackrock Insurance Solutions
May 13 2021 // Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of specialist Irish liability and property managing general agent (MGA), Blackrock Insurance Solutions. Financial details of...
Kaplansky Insurance Acquires Massachusetts’ John P. Riley Insurance
May 12 2021 // Kaplansky Insurance has acquired its third independent agency of 2021, John P. Riley Insurance. The purchase of the Dorchester, Massachusetts-based business marks Kaplansky’s 37th acquisition overall. John P. Riley...
Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value
May 12 2021 // Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to...
Oakbridge Insurance Agency Partners with The Greer Agency of Georgia
May 10 2021 // Oakbridge Insurance Agency LLC, an independent insurance and risk management advisor, has formed a partnership with The Greer Agency, Inc of Georgia. Oakbridge and Greer closed the transaction on May 3, 2021, and terms of...
Hub International Limited Acquires Assets of Ion Insurance Corporation
May 10 2021 // Hub International Limited, a global insurance brokerage, has acquired the assets of Ion Insurance Corporation. Terms of the transaction were not disclosed. Headquartered in Cheshire, Connecticut, Ion Insurance is a full...
