Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Update: Private Equity Firm BC Partners Agrees to Buy Insurance Service Company Davies
Mar 16 2021 // BC Partners agreed to take over insurance service company Davies, as it bets on fast-growing demand for outsourcing in the financial industry. The private equity firm signed a definitive agreement to buy a majority stake...
Insurtech Blink Expands into Central, Latin America; Partners with Travel Assistance Firm
Mar 15 2021 // Blink Parametric, the Cork, Ireland-based insurtech, has announced a major expansion of its flight disruption insurance platform in Central & Latin America, scheduled for launch this month. The partnership between...
AXIS Partners with Elpha Secure to Provide Cyber Security for Small Businesses Globally
Mar 15 2021 // AXIS Insurance, the specialty insurance business segment of Bermuda-based AXIS Capital Holdings Ltd., has formed a strategic partnership with cyber security company Elpha Secure. Cyber insurance and software protection...
K2 Acquires Columbia Pacific Finance in Montana
Mar 15 2021 // K2 Insurance Services has acquired a majority stake in privately held premium finance company Columbia Pacific Finance LLC in Missoula, Montana. Following the acquisition of CPF, President Reghan Brandt will continue to...
$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley
Mar 12 2021 // Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer...
Relation Insurance Services Enters Arkansas with Agency Asset Acquisition
Mar 12 2021 // Relation Insurance Services Inc. (Relation), based in Walnut Creek, Calif., has acquired the assets of The McKinney Group, dba McGhee Insurance Northwest Arkansas (McGhee), in Rogers, Arkansas. The acquisition represents...
Alera Group Acquires Behling Insurance Agency in Utah
Mar 11 2021 // Alera Group has acquired Behling Insurance Agency Inc. in Utah. Terms of the deal were not disclosed. Behling provides personal and commercial property/casualty insurance solutions across three locations in Utah and...
New Beazley Offering Targets D&O Exposures of Special Purpose Acquisition Companies
Mar 11 2021 // Beazley has launched a directors’ and officers’ (D&O) product suite designed specifically for U.S.-domiciled special purpose acquisition companies (SPACs). Beazley’s new D&O products for SPACs...
Commodities Trader Mercuria Buys $36M of Copper, but Gets Cargo of Painted Rocks
Mar 10 2021 // Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when the cargoes started arriving in China, all it found were containers full of painted...
The Hilb Group Acquires Rhode Island’s Compass Planners
Mar 10 2021 // The Hilb Group LLC (THG) has acquired Rhode Island-based Compass Planners (CP). The transaction became effective on February 1, 2021. CP is based in West Greenwich, Rhode Island and is a specialized Medicare Advantage...
Relation Insurance Services Acquires Assets of Texas Agencies, InSource and Shepard
Mar 10 2021 // Relation Insurance Services Inc. (Relation) has entered the Texas market with the acquisition of the assets of InSource Insurance Agency Inc. (InSource), in San Antonio, and Shepard Insurance Agency (Shepard),...
