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