Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Hilb Group Acquires Connecticut’s Andrews Benefits
Apr 6 2021 // The Hilb Group LLC (THG) has acquired Connecticut-based Andrews Benefits LLC (AB). The transaction became effective on February 15, 2021. AB is an employee benefits agency providing strategies and long-term solutions for...
First Quarter Activity Signals Record Insurance Carrier M&A Deals Ahead in 2021: S&P
Apr 6 2021 // Insurance carrier mergers and acquisitions could reach historic levels in 2021 based on early indications from a robust first quarter, according to a new Standard & Poor’s report. U.S. and/or Bermuda based...
Hub Acquires Assets of KC Insurance Group
Apr 6 2021 // Chicago-based Hub International Limited (Hub) has acquired the assets of KC Insurance Group LLP in Overland Park, Kansas. Terms of the transaction were not disclosed. KC Insurance Group is an independent insurance agency...
Marsh & McLennan Agency Acquires PayneWest in Montana
Apr 5 2021 // Marsh & McLennan Agency LLC has acquired Missoula, Mont.-based PayneWest Insurance. Terms of the deal were not disclosed. PayneWest will operate as MMA’s Northwest regional hub under Kyle Lingscheit, CEO of...
Kemper Completes Acquisition of Illinois’ American Access Casualty
Apr 5 2021 // Kemper Corp. has closed its previously announced acquisition of Downers Grove, Illinois-based American Access Casualty Co. and its related captive insurance agency, Newins Insurance Agency Holdings LLC, and its...
Gallagher Bassett Services Acquires Terrier Claims Services, MT Investigations
Apr 5 2021 // Arthur J. Gallagher & Co.’s risk management services subsidiary, Gallagher Bassett Services Inc. (GB), has acquired Pleasantville, New York-based Terrier Claims Services Inc. (TCS) and its affiliate, MT...
Next Insurance Funding Hits $881M After Latest $250M Round
Apr 5 2021 // Next Insurance raised $250 million in new venture financing – a major cash infusion after a year of acquisitions and other actions to further growth. FinTLV Ventures and Battery Ventures led the Series E financing round....
People Moves: McPartland Named Partner at Hotchkiss Insurance
Apr 1 2021 // Hotchkiss Insurance Hotchkiss Insurance, a full-service Texas-based independent agency, has named Shannon McPartland as its newest partner. A member of the Houston team, McPartland joined the agency in an account...
Massachusetts’ Risk Strategies Acquires Specialty Insurance Solutions
Apr 1 2021 // Risk Strategies, a Boston, Massachusetts-based national specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health...
K2 Insurance Services Acquires Montana’s Loss Run Pro
Apr 1 2021 // K2 Insurance Services, based in San Diego, Calif., has invested in Loss Run Pro LLC, headquartered in Missoula, Montana. LRP, founded in early 2020 by Reghan Brandt, was a participant in BrokerTech Ventures’ (BTV)...
Florida’s Centauri Insurance Keeps ‘A’ Rating, Plans Expansion After Applied Acquisition
Mar 30 2021 // Centauri insurance companies (Centauri Specialty Insurance Co. and Centauri National Insurance Co.) have sustained their financial stability rating of “A” (Exceptional) from Demotech, after being strengthened...
Private Equity Firm Odyssey Partners With Management to Acquire SIAA
Mar 29 2021 // Private equity firm Odyssey Investment Partners has joined with management of SIAA (Strategic Insurance Agency Alliance), the nation’s largest alliance of independent insurance agencies, to acquire the company. New...
Chubb ‘Disappointed’ in Hartford’s Rejection of Merger Offer, Talks
Mar 29 2021 // Global insurer Chubb Ltd. today issued a statement that it is “disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination.” However, the disappointed insurer...
Southeast Brokers Sterling Seacrest Partners, Pritchard & Jerden to Merge
Mar 26 2021 // Sterling Seacrest Partners, Inc. and Pritchard & Jerden announced they will merge and operate as Sterling Seacrest Pritchard. According to the company, the merger makes it one of the largest privately held, independent...
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,...
