Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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),...
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...
