Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Surfacing Emerging Risks From Covid, Cyber, Civil Unrest, Mergers, and More…
Feb 8 2021 // Insurance Journal examined industries experiencing changes and challenges due to the COVID-19 pandemic, societal unrest and other market forces experienced in 2020. Here are 10 industry sectors that could see new and...
Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg
Feb 7 2021 // Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with Reinvent Technology...
Private Equity Firms StonePoint, Insight to Buy Data Provider Corelogic
Feb 5 2021 // Property data and analytics firm CoreLogic has agreed to be acquired by two private equity firms for about $6 billion. Funds managed by Stone Point Capital and Insight Partners are set to snatch up all outstanding shares...
Quotech and Tenefit Form Partnership to Expand Industry’s Global Risk Intelligence
Feb 4 2021 // Quotech and Tenefit have announced a new partnership to bring new peril and loss-event data into insurance-market systems in real time, and to analyze that data effectively alongside the customers’ own...
Insurance Journal’s Agency Partnership News Wrap-Up
Feb 4 2021 // Renaissance Alliance Insurance Services Adds 33 Members in 2020 Renaissance Alliance, a network for independent insurance agencies, announced that 2020 represented the largest year of growth in the company’s history....
Applied Underwriters to Acquire UK Yacht Insurance MGA, Concept Special Risks
Feb 4 2021 // Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a variety of nautical vessels and operators across the globe. Based in...
National Fire Protection Association, State Farm Funding Wildfire Preparedness
Feb 4 2021 // The National Fire Protection Association and State Farm have kicked off a funding awards application period for the eighth national Wildfire Community Preparedness Day on Saturday, May 1, which helps communities prepare...
Hanes Named President of Ryan Specialty’s Stetson Insurance Funding
Feb 3 2021 // Anthony Hanes has joined Chicago-based Ryan Specialty Group’s Stetson Insurance Funding (Stetson) as president. Stetson specializes in financing commercial and personal lines insurance premiums for the excess and...
Texan Insurance Acquires Suzanne Brown Agency in Houston
Feb 3 2021 // Texan Insurance has acquired Houston-based Suzanne Brown Agency LLC in an all-cash transaction. Founded in 2001, Suzanne Brown Agency is an independent, full-service insurance agency that specializes in personal and...
Maury, Donnelly & Parr, Kastendike Insurance Group Acquire Northeastern Underwriters
Feb 3 2021 // Maury, Donnelly & Parr Inc. (MDP) and the Kastendike Insurance Group (KIG) has acquired Connecticut-based Northeastern Underwriters LTD. (NEU). The transaction became effective January 1, 2021. As part of the...
McLarens Acquires Dutch Engineering Claims Company Vanderwal & Joosten
Feb 3 2021 // McLarens, a global independent insurance services provider, announced the strategic acquisition of Vanderwal & Joosten (VWJ), a leading construction and engineering, environmental, liability, and agricultural loss...
Croatian Residents Rush to Buy Earthquake Cover After Destructive Quakes in 2020
Feb 3 2021 // Croatian insurers are reaping a windfall as residents rush to sign up for protection after two destructive earthquakes last year left them to rebuild without private coverage, the head of the country’s industry...
Colonial Claims Acquires Premier Adjusting and Catastrophe Services of Florida
Feb 3 2021 // Colonial Claims LLC, a nationwide independent insurance claims service companies, has acquired Tampa area business Premier Adjusting and Catastrophe Services, Inc., a first and third-party claims handler for residential...
High Street Insurance Partners Acquires Vested Risk Strategies in Michigan
Feb 2 2021 // High Street Insurance Partners (HSIP), a full-service insurance brokerage platform of the private equity firm, Huron Capital, has acquired Vested Risk Strategies Inc. (Vested), based in Hillsdale, Michigan. Founded in...
Hub International Buys Canada’s John Galon Insurance Services and Galon Management
Feb 2 2021 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired John Galon Insurance Services Ltd. and Galon Management Ltd., collectively known as Galon Insurance Brokers. Terms of the transaction...
The Hilb Group Acquires New York’s Rampart Brokerage Corporation & Afilliates
Feb 2 2021 // The Hilb Group LLC (THG) has completed its 100th acquisition by acquiring New York-based Rampart Brokerage Corporation & Affiliates (RBC). The effective date of the acquisition was December 1, 2020. Headquartered in...
CRC Group Acquires Assets of Washington D.C.’s Federal Employee Defense Services
Feb 2 2021 // CRC Group, a national wholesale distributor of specialty insurance products, has acquired the assets of Washington D.C.-based Federal Employee Defense Services (FEDS), a niche managing general underwriter specializing in...
Uber Vet Invests $50M in Metromile as Insurer Readies Reverse Merger to Become Public
Feb 2 2021 // Auto insurer Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded...
P/C Insurtech Funding Reaches $4.7B Record in 2020 – A Story in Charts
Feb 1 2021 // After a slow start in 2020, insurtech funding reached a record level of $7.1 billion for the year, with $4.7 billion earmarked for property/casualty startups, according to a quarterly tracker of insurtech funding...
Insurtech Trov Partners with UFODRIVE to Insure London-Based Electric Vehicles
Jan 29 2021 // Trov, the San Francisco-based insurtech company, announced that UFODRIVE, a frontrunner in sustainable car rental, has selected Trov’s Mobility Insurance Platform for its fleet of fully electric vehicles. UFODRIVE...
