Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Cornerstone Acquires Cannabis Specialist CLIC in California
Jun 16 2021 // Cornerstone Risk Solutions LLC, a Denver, Colo.-based subsidiary of IMA Inc., has acquired CLIC Management NV LLC, a managing general agent of group-based insurance programs for the legal cannabis industry. CLIC Management...
Davies to Acquire San Antonio Claims Specialist IAS
Jun 16 2021 // UK-based Davies, a specialist professional services and technology business serving insurance and highly regulated markets, has agreed to acquire San Antonio-based IAS Claim Services (IAS). IAS provides a range of...
Arizona Legislature Holding Special Wildfire Funding Session
Jun 16 2021 // The Arizona Legislature will convene in special session this week to consider adding $100 million in funding for fighting wildfires and to boost the amount of money available to clear hazardous brush and deal with the...
USAA to Acquire Insurtech Noblr to Offer Its Members Usage-Based Auto Coverage
Jun 16 2021 // Insurer USAA is buying Noblr, an insurtech digital insurer offering behavior-based auto insurance. USAA, a Texas-based insurer focused on members of the U.S. military and their families, said the acquisition will help make...
A.J. Gallagher Acquires Ontario’s Excess Underwriting Co.
Jun 16 2021 // Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency (MGA) and Lloyd’s broker serving insurance brokers and...
Insurors Indemnity to Buy Colonial Lloyds, Expanding Residential Coverage
Jun 15 2021 // Waco, Texas-based Insurors Indemnity has signed a definitive agreement to purchase insurance carrier Colonial Lloyds, headquartered in Fort Worth, pending regulatory approval. Colonial Lloyds has been serving the Texas...
Arthur J. Gallagher Buys Remaining Stake in Hesse & Partner and Hesse Consulting
Jun 15 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has acquired the remaining shares of specialist Swiss broker Hesse & Partner AG and Hesse Consulting GmbH from the company’s...
Acrisure Re Launches Cyber Reinsurance Division in Partnership with Kovrr
Jun 14 2021 // Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber Practice Leader Tom Quy, the new division will offer the market a fresh perspective on...
Insurance Broker Aston Lark Ireland Buys McMahon Galvin Ltd. in Dublin
Jun 14 2021 // Aston Lark Ireland, the Dublin-based insurance broker, continues its growth acceleration by announcing the acquisition of McMahon Galvin Ltd. Financial terms of the deal were not disclosed. Based in Dublin, McMahon Galvin...
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...
