Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Element Risk Management Acquires Henderson Insurance, Our Legacy Insurance
Mar 26 2021 // Element Risk Management has acquired Henderson Insurance of Harrisburg, Pennsylvania, and Our Legacy Insurance of Front Royal, Virginia. Henderson Insurance, founded by Jim Henderson in 1978, has served the central...
Insurtech Funding News: $118M for Pie; $30M for Snapsheet
Mar 26 2021 // There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a...
Private Equity Firm CVC Nears Deal to Buy Insurance Arm of National Bank of Greece
Mar 26 2021 // CVC Capital Partners is nearing a deal to acquire National Bank of Greece SA’s insurance business after a years-long search for a buyer, people familiar with the matter said. The private equity firm could announce an...
Alera Group Acquires E3 Outsource of Florida, Launches National Employee Benefits Helpline
Mar 25 2021 // Alera Group, an employee benefits, financial services and risk management company, has acquired E3 Outsource, an employee benefits management and technology firm. The acquisition became effective March 1, 2021. The E3...
Towergate Buys AFL Retail Team, Following a Separate AFL Team Move Last Week
Mar 25 2021 // Towergate Insurance Brokers announced it has exchanged contracts to purchase the corporate retail book of business from AFL Insurance Brokers, which includes a team of 13. This deal comes on the heels of last week’s...
Canada’s Constellation Insurance to Acquire Ohio National for $1 Billion
Mar 24 2021 // Canada’s Constellation Insurance Holdings, Inc. has agreed to acquire Cincinnati-based life and disability insurer Ohio National Mutual Holdings, Inc. and its wholly owned subsidiary Ohio National Financial Services,...
AIA Group to Buy Life Insurance Business of Bank of East Asia
Mar 24 2021 // Hong Kong-based insurer AIA Group has entered into an agreement to buy the wholly-owned life insurance unit of Bank of East Asia (BEA) and has signed a 15-year distribution partnership with the lender for a total of about...
Arthur J. Gallagher Acquires R&R Benefits/Risk Management in Indiana
Mar 24 2021 // Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has acquired South Bend, Indiana-based R&R Benefits/Risk Management LLC. Terms of the transaction were not...
Texas Windstorm Insurer Plans for $4B in Funding for Hurricane Season
Mar 24 2021 // Texas’ wind and hail insurer of last resort for properties in the state’s coastal counties has determined it needs $4.03 billion in funding to prepare for this year’s hurricane season. The board of...
Allianz Partners Adds Epidemic Coverage to Travel Insurance Products
Mar 23 2021 // Allianz Partners, a travel insurance and assistance company, has added enhancements to its travel insurance products that may provide coverage to customers who become ill with COVID-19 or a future epidemic, are...
Bernhard Capital Forges Partnership with Louisiana’s Gray Casualty & Surety
Mar 22 2021 // A group of investors led by Bernhard Capital Partners Management LP (Bernhard Capital), a services and infrastructure-focused private equity management firm, has entered into an agreement to make a significant investment...
Alera Group Acquires Michigan’s Specialized Insurance Services Agency
Mar 19 2021 // Deerfield, Ill.-based insurance and financial services firm, Alera Group, has acquired Specialized Insurance Services Agency Inc. (SISA), an independent insurance agency headquartered in Milford, Michigan. SISA provides...
Chubb’s Offer to Acquire Rival Hartford: $23.2 Billion
Mar 19 2021 // Chubb Ltd., the global insurer led by Evan Greenberg, proposed an acquisition of Hartford Financial Services Group Inc. for about $23.2 billion in cash and stock in what could be one of the industry’s biggest deals...
Chubb Explores Acquisition of $22 Billion Rival Hartford: Bloomberg
Mar 18 2021 // Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in what could be one of the industry’s biggest deals in years, people familiar with the...
Applied Underwriters Acquires Florida Casualty Insurance Co.
Mar 18 2021 // Florida Casualty Insurance Co. (FCIC), formerly Ashmere Insurance Co., has been acquired by Applied Underwriters and will become part of Applied’s national and international development plan. The newly re-branded,...
Specialist MGA CFC Acquires Australian Cyber Security Firm, Insane Technologies
Mar 17 2021 // CFC, a specialist managing general agent, announced it has acquired Insane Technologies, an Australian cyber security and incident response provider. Financial details of the transaction were not disclosed. The deal is...
Xenia Broking to Acquire Status Credit Insurance Brokers in UK
Mar 17 2021 // Xenia Broking Group, the credit insurance and surety specialist, announced it has entered into an agreement to acquire Status Credit Insurance Brokers Ltd., a specialist trade credit broker, headquartered in East...
Update – Italy’s Generali Eyes €2 Billion Acquisition in Russia: Source
Mar 17 2021 // MILAN – Italy’s top insurer Generali is considering an acquisition in Russia worth about 2 billion euros ($2.4 billion), although the project is still at a very early stage, a source close to the situation said on...
Keystone Agency Investors Partners with Texas’ Garrett Insurance Agency
Mar 17 2021 // Pennsylvania’s Keystone Agency Investors (KAI) has partnered with Kerrville, Texas-based Garrett Insurance Agency to facilitate KAI’s entry into that state. Founded in 1918, Garrett Insurance Agency is an...
IMA Financial Group Acquires k.p.d. Insurance in Oregon
Mar 16 2021 // IMA Financial Group has acquired Oregon-based k.p.d. Insurance Inc. to expand its brokerage services to the Pacific Northwest. Terms of the deal, which is effective April 1, were not disclosed. k.p.d. will become an IMA...
