Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
London-Based Broker Costero Holdings Acquires Mar Risk Services
Mar 4 2021 // Costero Holdings, a privately held London-based brokerage, has acquired the independent broker Mar Risk Services Ltd. (MarRS), effective March 1, 2021. Headquartered in London, MarRS offers insurance advice and access to...
Aviva Sells Italian Businesses to Allianz and CNP in 2 Deals Totaling $1.1 Billion
Mar 4 2021 // Aviva Plc has exited its Italian businesses in a pair of deals totaling 873 million euros ($1.1 billion) as the UK insurer continues to pivot to its core markets. CNP Assurances and Allianz SE bought the London-based...
Alliant Acquires Louisiana’s Group Insurance Inc.
Mar 4 2021 // Alliant Insurance Services has acquired Group Insurance Incorporated (GII), a full-service employee benefits provider and general agency based in Baton Rouge, Louisiana. The acquisition of GII adds a diverse portfolio of...
Hub Acquires Assets of Texas’ Wellspring Insurance Agency
Mar 3 2021 // Hub International Limited (Hub), a full-service global insurance broker based in Chicago, has acquired the assets of Wellspring Insurance Agency Inc., located in Argyle, Texas. Terms of the transaction were not...
Next Insurance to Acquire Affinity Agency AP Intego
Mar 3 2021 // Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Through its platform, AP Intego offers...
Hub International Limited Acquires Vermont’s Finn & Stone
Mar 3 2021 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Finn & Stone Inc. Terms of the transaction were not disclosed. Finn & Stone Principals Chip and Jonathan Ams and the Finn &...
Sedgwick Acquires Construction Services Co. in California
Mar 2 2021 // Sedgwick has acquired Construction Services Co., a building consulting firm headquartered in California. Terms of the deal were not disclosed. CSC provides loss assessment perspectives with an array of services focusing on...
World Insurance Associates Acquires Arkansas’ Corporate Risk Services
Mar 1 2021 // World Insurance Associates LLC (WIA) has acquired Corporate Risk Services LLC and Midwest Risk Management Services Inc. (collectively Corporate Risk Services) of Rogers, Arkansas. Terms of the transaction were not...
