Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
OLI Insurance Services Acquires Valley General in California
Jun 14 2021 // OLI Insurance Services Inc., a subsidiary of Heffernan Insurance Brokers providing market access and support services to local insurance agencies, has acquired San Jose, California-based Valley General Insurance...
People Moves: Peak Capital’s Manning to Miller; Carpenter’s Jones to Lockton Re, and Aon’s Mula to McGill and Partners
Jun 11 2021 // This wrap-up of international People Moves details recent appointments at three brokers: Miller, Lockton Re and McGill and Partners. A summary of these new hires follows here. Miller, a London-based independent specialist...
Crest Acquires SJS Insurance in Arizona
Jun 11 2021 // Crest Insurance has acquired SJS Insurance LLC in Arizona. Owner and CEO Jason Sheahan, and Chad Suter, owner and president, as well as their team, will be working from Crest’s Scottsdale, Ariz., offices at 7272 E....
Accelerant Acquires North Carolina’s Agribusiness Risk Underwriters
Jun 10 2021 // Accelerant, a technology-based insurance platform, has acquired Agribusiness Risk Underwriters (ARU), a provider of poultry farm insurance product development, underwriting and loss control. ARU was founded in 2016 in...
Towerstone in Dallas Acquires Austin’s PLUS Inc.
Jun 10 2021 // Towerstone, the Dallas-based wholesale insurance division of IMA Financial Group, has acquired Professional Lines Underwriting Specialists Inc. (PLUS), an Austin-based wholesale insurance brokerage specializing in...
Amwins Acquires Maryland’s CBIZ M.T. Donahoe & Associates
Jun 9 2021 // Amwins, a global distributor of specialty insurance products and services, has acquired CBIZ M.T. Donahoe & Associates LLC (MTDA), a Maryland-based general agent specializing in employee and individual benefits and...
Swedish Activist Investor Cevian Buys 4.95% Stake in UK Insurer Aviva
Jun 9 2021 // Swedish activist investor Cevian Capital AB has bought almost 5% of Aviva Plc, placing it among the insurer’s top three holders. Christer Gardell, managing partner at Cevian, said the Stockholm-based investor now...
Generali Drops Out of Race to Buy NN’s Asset Manager Arm: Sources
Jun 9 2021 // Italy’s top insurer Assicurazioni Generali has dropped out of the race to buy the asset management arm of Dutch rival NN Group NV, two sources familiar with the matter told Reuters. Generali and Deutsche Bank’s...
PEAK6 Acquires Florida’s Team Focus, Parent to MacNeil Group, Capacity Insurance
Jun 8 2021 // Investment firm PEAK6 announced that its insurance operations subsidiary, PEAK6 InsurTech, will acquire Team Focus Insurance Group, a Sunrise, Fla.-based property/casualty insurance firm that includes MacNeill Group, a...
Scottish American Acquires Ohio Work Comp Specialist, Fastcomp
Jun 8 2021 // Wholesale insurance broker and managing general agent, Scottish American, has acquired Fastcomp of Boston Heights, Ohio. Terms of the transaction were not disclosed. Fastcomp was created in 1998 by an experienced team of...
Hub Acquires Assets of California-Based EnterMedicare Inc.
Jun 8 2021 // Hub International Ltd. has acquired the assets of EnterMedicare Inc. in Los Angeles, Calif. Terms of the deal were not disclosed. Dennis Negron, Founder and CEO of EnterMedicare, and the EnterMedicare team will join...
TAGA Partners with Main Street America on Texas Farm/Ranch Coverage
Jun 4 2021 // Cedar Park, Texas-based Tejas American General Agency (TAGA) has formed an exclusive partnership with Main Street America Insurance, a member of the American Family Insurance group, to distribute its farm and ranch...
Propel Insurance Acquires South Carolina’s South Risk Management
Jun 4 2021 // Propel Insurance, a privately-owned insurance agency and portfolio company of Flexpoint Ford, has acquired South Carolina-based South Risk Management (SRM), a construction-focused insurance consulting firm. The acquisition...
Kin Insurance Funding Tops $69 Million as Pro Golfer McIlroy Joins Investors
Jun 3 2021 // A few weeks after a report that it is in talks to go public, home insurance startup Kin announced its newest funding from Symphony Ventures, an investment partnership established by professional golfer Rory McIlroy and his...
Insurance Journal’s Agency Partnership News Wrap-Up
Jun 3 2021 // BKCW in Texas Joins Insurors Group Insurors Group LLC, an alliance of independent insurance agents in Texas, has added BKCW LP, located in Killeen, as a member. BKCW has served clients in Texas for more than 65 years. The...
Aon to Sell U.S. Retirement, Retiree Health Units for $1.4B to Smooth WTW Acquisition
Jun 3 2021 // Global insurance broker Aon has agreed to sell its U.S. retirement business to private investment firm Aquiline and its Retiree Health Exchange individual health insurance business to Illinois-based digital services firm...
Hub International Acquires Canada’s Global Credit Risk Management Inc.
Jun 3 2021 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Global Credit Risk Management Inc. (GCRM). Terms of the transaction were not disclosed. With a national presence and offices located in...
Venerable Completes Acquisition of Corporate Solutions Life Reinsurance Company
Jun 3 2021 // Venerable Holdings Inc. has completed its acquisition of Corporate Solutions Life Reinsurance Company (CS Life Re), a Delaware domiciled and New York licensed reinsurance company, from Equitable Holdings Inc. With the...
Hub International Limited Acquires Assets of Epstein Financial Services LLC
Jun 2 2021 // Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Epstein Financial Services LLC and Epstein Financial Group LLC. Terms of the transaction were not disclosed. Located in...
Fitch Affirms Intact’s Ratings After RSA Acquisition; RSA Subsidiary Upgraded to ‘AA-‘
Jun 2 2021 // Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong), after its acquisition of RSA Insurance Group. Fitch also...
