Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Reliance Partners of Tennessee Promotes Shelton
Jan 12 2021 // Reliance Partners, a privately-held commercial insurance agency for the transportation and logistics industry, has promoted Missi Shelton to vice president of Customer Service, National Accounts. Shelton will lead...
World Insurance Associates Acquires Two Rivers Insurance in Iowa
Jan 12 2021 // World Insurance Associates LLC (WIA) has acquired Two Rivers Insurance Company Inc. (TRIC) of Burlington, Iowa. TRIC includes Two Rivers Insurance Services (TRIS) and Employee Benefits Systems (EBS). Terms of the Dec. 31,...
Crest Insurance Group Acquires Gates in Arizona
Jan 12 2021 // Crest Insurance Group LLC of Tucson Arizona has acquired Gates Insurance Inc. President Michael Gates and his staff have been serving clients out of their home office in Mesa, Ariz., since 2009. Gates is a full-service...
High Street Acquires Partners Premier in Oregon
Jan 12 2021 // Private equity firm Huron Capital announced today that its insurance brokerage platform, High Street Insurance Partners, has acquired Premier Northwest Insurance in Oregon City, Ore. The firm has also acquired Day,...
Canadian Insurtech Apollo Closes C$13.5 Million Funding Round
Jan 11 2021 // Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million...
Smith Brothers Insurance Acquires New York-Based Shank & Falvey Insurance
Jan 11 2021 // Smith Brothers Insurance has acquired New York-based independent insurance broker Shank & Falvey Insurance, with locations in East Greenbush and Kinderhook. The acquisition expands Smith Brothers’ footprint in...
InterWest Insurance Acquires Sierra Gold in California
Jan 11 2021 // InterWest Insurance Services has acquired Sierra Gold Insurance Services in Nevada City, Calif. Terms of the deal were not disclosed. Sierra Gold was founded in 1997 and specializes in commercial, personal, surety bonds...
Insurance Company M&As to Continue in 2021
Jan 11 2021 // Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective advancements...
NIF Group Acquires Pacific Coast E&S in California
Jan 8 2021 // NIF Group, and its parent company, Jencap Group, have agreed to acquire the assets of Pacific Coast E&S Insurance Services in Santa Rosa, Calif. New York-based NIF is a program manager and wholesale broker providing...
Arthur J. Gallagher & Co. Acquires Canada’s Cain Insurance Services Ltd.
Jan 7 2021 // Arthur J. Gallagher & Co. announced the acquisition of Cain Insurance Services Ltd., based in Fredericton, New Brunswick in Canada. Terms of the transaction were not disclosed. Founded in 1986, Cain Insurance Services...
Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity
Jan 7 2021 // Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist area of hazardous industries and tanker transportation, building on a strategic...
LUBA Workers’ Comp Acquires Florida-Based FHM Insurance Services
Jan 7 2021 // The board of directors of LUBA Workers’ Comp, a regional casualty insurance company insuring businesses across the Gulf South, has approved the acquisition of Florida based FHM Insurance Services. FHM Insurance Co.,...
Insurer Centene to Buy Magellan for $2.2 Billion to Expand Its Mental Health Services
Jan 6 2021 // Health insurer Centene Corp. said on Monday it has agreed to buy Magellan Health Inc. in a $2.2 billion deal including debt, looking to build up its mental health services as more Americans struggle with COVID-19-related...
Global Risk Solutions Acquires Texas Energy Loss Specialist, R Winkler & Co.
Jan 6 2021 // Claims adjusting and environmental risk management solutions provider, Global Risk Solutions Inc., has acquired specialist energy sector adjusting and consultancy firm R Winkler & Co., based in Sugar Land, Texas. Terms...
Insurance Office of America Acquires Enterprise Risk Strategies in Colorado
Jan 6 2021 // Insurance Office of America has acquired Enterprise Risk Strategies LLC in Denver, Colo. Terms of the deal were not disclosed. Enterprise Risk Strategies is a benefits consulting firm. IOA is an insurance agency...
TigerRisk Names Ridpath a Partner in Casualty Practice
Jan 6 2021 // Broker/adviser TigerRisk announced it has appointed Glyn Ridpath a partner in the company’s fast-growing Casualty Practice. Based in London, he will report to James Few, TigerRisk’s CEO UK. Ridpath started his...
Charles Taylor Acquires Wisconsin TPA, Insurance Management Firm Aegis
Jan 6 2021 // Charles Taylor, a technology products and services to the global insurance market, has acquired Aegis Corp. (Aegis), a Wisconsin-based provider of mutual management and third party claims administration. Aegis provides...
FEMA Buys $1.153 Billion of Reinsurance for Flood Insurance Program for 2021
Jan 6 2021 // The Federal Emergency Management Agency (FEMA) has once again procured private sector reinsurance from more than 30 carriers for the National Flood Insurance Program (NFIP) to protect the government program from large...
Platinum Specialty Underwriters Acquires IPC in Nevada
Jan 5 2021 // Platinum Specialty Underwriters has acquired International Property & Casualty Insurance Brokers of Nevada Inc. IPC will continue to operate under its established brand name. Terms of the deal weren’t...
Top International Insurance M&As of 2020
Jan 5 2021 // Since it was first announced in March, the proposed Aon-Willis merger became the leading merger and non-merger insurance story of the entire year. But there were also other proposed and completed transactions that caught...
