Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Kaufman Dolowich & Voluck Names Thompson Law Partner in California
Jan 29 2021 // Kaufman Dolowich & Voluck LLP has named Allyson K. Thompson an employment litigation partner in its Los Angeles, Calif., office. Thompson provides advice and counsel to companies to manage workplaces and workforces and...
Aon, Willis Announce Leadership Team for Post-Merger Brokerages
Jan 28 2021 // In anticipation of their proposed merger receiving final approval, insurance brokers Aon and Willis Towers Watson announced the future leadership team for the firm that will be effective following the close of the merger,...
Judge Rules Former CBS Shareholders Can Sue Over ViacomCBS Merger
Jan 28 2021 // A Delaware judge on Wednesday said former CBS shareholders may pursue a lawsuit accusing Shari Redstone, the daughter of late media magnate Sumner Redstone, of pressuring the company into entering an unfair merger that...
Purmort & Martin Insurance Agency Acquires Jeff DeJongh & Associates of Florida
Jan 27 2021 // Sarasota, Fla.-based Purmort & Martin Insurance Agency, a locally owned insurance agency, has acquired Jeff DeJongh and Associates to further expand its presence in the region. Located in Sarasota, Fla., Jeff DeJongh...
WestPro Insurance Partners with Obsidian on Bars, Taverns, Restaurants Program
Jan 26 2021 // Managing general underwriter WestPro Insurance Services has formed a program partnership with Obsidian, a hybrid fronting program carrier. WestPro, a division of Platinum Specialty Underwriters, targets neighborhood bars,...
Heinz Joins Lockton from Aon as Partner in Transaction Liability Practice
Jan 25 2021 // Kansas City, Mo.-based Lockton has added Matt Heinz as a partner in its Transaction Liability practice. Heinz will co-lead the group with partners Josh Halpern, Eric Ziff and Gaurav Sud, who joined Lockton last year as the...
Skyward Specialty Insurance Group Acquires Aegis Surety, Sells XPro
Jan 22 2021 // Skyward Specialty Insurance Group Inc. has acquired Aegis Surety and simultaneously sold XPro, which provides solutions for the pest control industry. K2 Insurance Services is both the seller of Aegis Surety and the buyer...
CoStar and Warburg Are Said to Be Competing to Buy CoreLogic: Bloomberg
Jan 22 2021 // CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter. CoreLogic, which is evaluating the offers,...
Hub Acquires Assets of Alabama-Based Shields Insurance Agency
Jan 22 2021 // Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Shields Insurance Agency. Terms of the transaction were not disclosed. With locations in Birmingham and Mobile, Ala.,...
The Villages Insurance Partners of Florida Adds Allstate Agent Sheats
Jan 21 2021 // The Villages Insurance Partners of Florida has added Alexis Ball-Sheats to its team of Personal Lines Risk Consultants. Ball-Sheats will be one of three licensed risk consultants at the agency’s Mulberry Grove...
Alera Group Acquires CSNW Benefits in Oregon
Jan 21 2021 // Alera Group has acquired CSNW Benefits in Portland, Ore. The CSNW Benefits team will continue serving clients in their existing roles. Terms of the deal were not announced. CSNW Benefits serves clients throughout the...
Hub Acquires Assets of MPE Employee Benefit Services of Mississippi
Jan 21 2021 // HUB International Limited (Hub), a global insurance broker, has acquired the assets of MPE Employee Benefit Services. Terms of the transaction were not disclosed. Located in Ridgeland, Miss., MPE Employee Benefit Services...
The Hilb Group Acquires Michigan’s Owen Moore Insurance
Jan 20 2021 // The Hilb Group LLC (THG) acquired Linwood, Michigan-based Owen Moore Insurance Agency (OMA) in a transaction that was effective Dec. 31, 2020. OMA is a full-service property/casualty agency, providing a broad range of...
ProSight to Become Private Company After Being Acquired by Investors
Jan 20 2021 // International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100 percent of the common stock shares of specialty insurer ProSight Global for $586...
Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS
Jan 20 2021 // There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The surge resulted from the pent-up supply of pending transactions from earlier in the year coupled with...
