Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Risk Strategies Acquires New York’s FBA National
Dec 18 2020 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired FBA National, a specialist in developing employee benefits solutions that align with an organization’s goals and...
Alera Group Acquires Todd Associates in Ohio
Dec 17 2020 // Alera Group, an employee benefits, property/casualty, retirement services and wealth management firm based in Deerfield, Ill., has acquired Todd Associates Inc. (Todd Associates), headquartered in Beachwood, Ohio. The...
Canada Reports 20-Year High in Overseas Investment in Insurance M&A
Dec 17 2020 // Canadian firms’ overseas investment in insurers hit a 20-year high this year boosted by Intact Financial’s joint agreement last month to buy British insurance group RSA for 7.2 billion pounds ($9.6 billion) and...
The Hilb Group Acquires New York’s Moran, Moran, & Dauphin Inc.
Dec 17 2020 // The Hilb Group LLC (THG) has acquired New York-based Moran, Moran, & Dauphin Inc. (MMDI). The transaction became effective on November 1, 2020. Founded in 2006, MMDI operates as a full-service agency primarily...
Marshall & Sterling Insurance to Acquire New York’s Jaeger & Flynn Associates
Dec 17 2020 // Marshall & Sterling Insurance, a 100% employee-owned company, has entered into an agreement to acquire Jaeger & Flynn Associates Inc. (JFA), an employee benefits broker and third-party administrative services (TPA)...
USI Insurance Acquires Venneberg Insurance in Alaska
Dec 16 2020 // USI Insurance Services has acquired Sitka, Alaska-based Venneberg Insurance. All of the agency’s employees, including Mike Venneberg, owner and principal, will be joining USI. Terms of the deal were not...
Innovative Risk Management in Dallas Names 4 New Partners
Dec 16 2020 // Innovative Risk Management (IRM), a specialty program management firm based in Dallas and established in 1991, has added four new partners to help secure the continued success of the organization. Chris Lovisone has held...
Freeman Mathis & Gary Hires Santocki as a Partner in its New York City Office
Dec 16 2020 // Freeman Mathis & Gary LLP (FMG), a nationwide litigation law firm with 200 attorneys and 19 offices in 10 states, has hired Alicia Santocki as a partner in the New York City office. Santocki also will practice in...
Italy’s Banco BPM to Acquire Full Control of Insurance Joint Ventures with Cattolica
Dec 16 2020 // MILAN — Italy’s Banco BPM said it would end an insurance partnership with Cattolica by acquiring full control of their joint-ventures, in a move that may ease a mooted tie-up with BPER Banca. Banco BPM said...
Curley Associates Acquires Maine’s Robert L. Haley Agency
Dec 16 2020 // Curley Associates, an insurance agency based in Sanford, Maine, has acquired Robert L. Haley Agency Inc. of Gray, Maine. The acquisition was effective October 16, 2020. According to Curley, the Gray location will remain...
Hull & Company Acquires Assets of South & Western General Agency in Texas
Dec 15 2020 // Hull & Company LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Addison, Texas-based South & Western Inc. and all issued and outstanding shares of its affiliate, S&W...
Arthur J. Gallagher & Co. Acquires Pennsylvania’s Premier Brokerage Services
Dec 15 2020 // Arthur J. Gallagher & Co. has acquired Jenkintown, Penn.-based Premier Brokerage Services Inc. Terms of the transaction were not disclosed. Founded in 1995, Premier is a high-net-worth focused life insurance wholesale...
Legacy Specialist Carrick Specialty Holdings Buys UK-Based Community Re
Dec 15 2020 // Carrick Specialty Holdings LLC, a New York City-based international non-life legacy business that provides reinsurance and run-off management solutions, announced its UK-based subsidiary, Carrick UK Holdings Co. Ltd., has...
Aon Acquires India’s Anviti Insurance Brokers
Dec 14 2020 // Insurer broker Aon has acquired a 49% equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India. Anviti will transition to the Aon brand pending regulatory approvals. Financial...
Texas’ Marine Underwriters of America Acquired by DOXA Insurance Holdings
Dec 11 2020 // DOXA Insurance Holdings LLC (DOXA) has acquired Conroe, Texas-based Marine Underwriters of America (MUA), a niche agency serving the marine industry with specialized insurance policies for ocean marine, inland marine and...
Record Return of Merger Activity Leads to Massive Growth in M&A Insurance Market
Dec 11 2020 // LONDON – A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry...
DOXA Establishes Strategic Partnership with Massachusetts’ Century Equity Partners
Dec 11 2020 // DOXA Insurance Holdings, an acquirer of specialty niche-focused insurance distribution companies, has established a strategic relationship with Century Equity Partners, a Boston-based private equity firm, in order to...
UK Insurtech Startup battleface Raises $12M in Funding from U.S. Venture Capital Firm
Dec 11 2020 // UK startup battleface Inc., a company that specializes in tech-enabled global travel insurance, announced a $12-million Series A financing round from Drive Capital, a Columbus, Ohio-based venture capital firm. The...
Zurich and Farmers Agree to Buy MetLife’s U.S. P/C Business for $3.94 Billion
Dec 11 2020 // Zurich Insurance and Farmers Exchanges have agreed to buy MetLife’s U.S. property and casualty business for $3.94 billion, the insurers said on Friday, after the COVID-19 pandemic made motor and home insurers more...
Next Insurance Buys Data Firm Juniper Labs to Enhance Workers’ Compensation Offering
Dec 11 2020 // Digital small business insurer Next Insurance has closed its first acquisition, buying Juniper Labs, a Denver-based provider of data and underwriting technology. With the acquisition, Next said it will focus on innovation...
