Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Crest Acquires SGB Ltd. in Arizona, Adds Byrne
Mar 10 2021 // Crest Insurance Group LLC of Scottsdale, Ariz. has added Shawn Byrne and his team as part of an acquisition of SGB Ltd. Byrne founded his own agency, Creative Benefit Concepts in 1985, an had it for 28 years prior to...
Hub International Acquires Assets of Louisiana’s The Juban Insurance Group
Mar 9 2021 // Chicago-based global insurance brokerage, Hub International Limited (Hub), has acquired the assets of The Juban Insurance Group in Baton Rouge, La. Terms of the transaction were not disclosed. The Juban Insurance Group is...
One80 Makes Cannabis Buy-in with Cannasure Insurance Services Acquisition
Mar 9 2021 // Cannabis is getting bigger, and now insuring cannabis seems to be a bigger deal, too. The cannabis-focused insurance space can now be counted as part of a larger trend in recently announced business deals in...
Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International
Mar 9 2021 // DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further...
Hub International Acquires Assets of Pennsylvania’s Davis Trachtenberg Inc.
Mar 9 2021 // Global insurance brokerage Hub International Limited has acquired the assets of Davis Trachtenberg Inc. (DTI). Terms of the transaction were not disclosed. Located in Newtown Square, Pennsylvania, DTI is a full-service...
Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership
Mar 9 2021 // Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also includes a strategic...
Swiss Re Forms Strategic Partnership with Satellite Operator and Flood Monitor, ICEYE
Mar 8 2021 // Swiss Re has entered into a strategic partnership with ICEYE, a commercial satellite operator and satellite-based flood monitoring provider. Building on ICEYE’s innovative technology, the partnership will advance...
Howden Broking Buys Independent Superyacht Broker Sturge Taylor
Mar 8 2021 // Howden Broking announced that it has acquired independent superyacht insurance broker Sturge Taylor & Associates (STA Group). STA Group will become part of Howden and will operate under the new trading name Howden...
Porch Group to Acquire Texas MGA/Insurer, Homeowners of America
Mar 8 2021 // The Porch Group, a software platform focused on home services companies, is acquiring Irving, Texas-based managing general agent and insurance carrier, Homeowners of America (HOA). Under a merger agreement, Porch will...
Investment Firm KKR Acquiring California’s Integrated Specialty Coverages
Mar 8 2021 // Global investment firm KKR is acquiring a majority interest in Integrated Specialty Coverages (ISC) Carlsbad, Calif.-based multi-line insurance distributor that utilizes advanced artificial intelligence (AI) engineering...
UK Broker, Specialist Risk Group, Acquires MGA CLS Risk Solutions
Mar 5 2021 // Specialist Risk Group (SRG), a London-based insurance broker, has agreed to acquire CLS Risk Solutions (CLS RS), subject to regulatory approval. Financial details of the acquisition — its fourth so far this year...
Hub International Limited Acquires Assets of Pennsylvania’s Incentive Systems
Mar 5 2021 // Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Incentive Systems Inc. (ISI). Terms of the transaction were not disclosed. Located in Lansdale, Pennsylvania, ISI provides...
World Insurance Associates Acquires C. Walter Searle Insurance Agency
Mar 5 2021 // World Insurance Associates LLC (WIA) has acquired C. Walter Searle Insurance Agency LLC of Nutley, New Jersey, on February 1, 2021. Terms of the transaction were not disclosed. Since its founding in 1926, C. Walter Searle...
Largest Wholesale Broker, Amwins, to Acquire Rival Worldwide Facilities
Mar 5 2021 // The largest wholesale insurance broker, Amwins Group, is getting even larger as it has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition of Worldwide broadens...
Higginbotham Enters Louisiana in Partnership with Insurance Broker, Knotts
Mar 5 2021 // Fort Worth, Texas-based independent insurance and financial services firm, Higginbotham, has partnered with Mike Knotts, an insurance agency owner and broker in Bossier City, Louisiana, to establish its first...
FEMA Buys More Flood Reinsurance; Decision Near on Insurance Rate Change Plan
Mar 5 2021 // The federal government has bought additional reinsurance to cover losses of the National Flood Insurance Program. On Feb. 23, the Federal Emergency Management Agency (FEMA), which administers the flood insurance program,...
Update: CoStar Group Withdraws Bid to Buy CoreLogic
Mar 4 2021 // Commercial real estate information provider CoStar Group said it had withdrawn its bid to buy CoreLogic after the U.S. property analytics company rebuffed its sweetened buyout offer of more than $7 billion earlier on...
Hub Acquires Assets of Ohio’s Benefit Strategies Agency
Mar 4 2021 // Chicago-based global insurance brokerage, Hub International Limited (Hub), has acquired the assets of Benefit Strategies Agency LLC and Financial Strategies Agency LLC (collectively, Benefit Strategies Agency),...
McGowan Acquires Couch Braunsdorf Insurance Group’s Wholesale Division
Mar 4 2021 // The McGowan Companies, based in Fairview Park, Ohio, has acquired the assets of the wholesale division of Liberty Corner, N.J.-headquartered Couch Braunsdorf Insurance Group Inc. (CBIG), effective February 1, 2021....
Greensill Capital’s Funding Crisis Could Lead to Losses for Insurers, Banks: Analysis
Mar 4 2021 // LONDON – A funding crisis at Greensill Capital could spill over to some of its high-risk borrowers and lead to losses for insurers and banks that have done business with the UK-based supply chain finance firm if its...
