Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Burnham Benefits in California Acquired by BRP Group
Dec 10 2020 // Irvine, Calif.-based Burnham Benefits Insurance Services Inc., Burnham Gibson Wealth Advisors, Inc., and Burnham Risk and Insurance Solutions LLC has been acquired by Baldwyn Krystyn Sherman Partners LLC. Burnham will a...
Appeals Court OK’s Suit Over Mississippi School Funding Disparities
Dec 10 2020 // A federal appeals court has affirmed that Mississippi parents may pursue a lawsuit that says the state allows grave disparities in funding between predominantly Black and predominantly white schools. The 5th U.S. Circuit...
Insurers Ink $90 Billion in Merger Deals as They Pursue Post-Coronavirus Clout
Dec 10 2020 // Insurers pummeled by the pandemic are looking to deals as they race to see who’ll emerge strongest when the outbreak subsides. The takeover of RSA Insurance Group Plc and Allstate Corp.’s largest acquisition...
Arthur J. Gallagher & Co. Acquires New York’s Cool Insuring Agency
Dec 10 2020 // Arthur J. Gallagher & Co. has acquired Queensbury, N.Y.-based Cool Insuring Agency Inc. Terms of the transaction were not disclosed. Founded in 1857, Cool Insuring Agency provides commercial, personal, life and health...
Vital Insurance Partners Adds Estes in Washington
Dec 9 2020 // Vital Insurance Partners has named Joy Estes vice president of programs. Estes, who will be based in Seattle, Wash., will be responsible for the development and placement of programs within the specialty insurance...
Pandemic-Stricken Uber Sells Its Robot-Vehicle Division
Dec 9 2020 // Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will acquire...
World Insurance Associates Acquires Connecticut’s The Watts Group
Dec 9 2020 // World Insurance Associates LLC (WIA) has acquired The Watts Group LLC of West Hartford, Conn. Terms of the transaction were not disclosed. Founded in 2003 by Mike Watts, The Watts Group is a surety bond and property &...
UK Insurtech Zego Buys Telematics Firm Drivit to ‘Revolutionize’ Insurance Pricing
Dec 9 2020 // Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics company, Drivit. The deal, which will enable Zego to collect real-time driver...
Hub Acquires Assets of Connecticut’s Chelsea Insurance Agency
Dec 8 2020 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Chelsea Insurance Agency LLC. Terms of the transaction were not disclosed. Located in Norwich, Conn., Chelsea Insurance Agency is a...
Hub International Acquires Saskatchewan-Based Prince Albert Insurance Ltd.
Dec 8 2020 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Prince Albert Insurance Ltd. Terms of the transaction were not disclosed. Located in Prince Albert, Saskatchewan, Prince...
Slick Sidewalks, Protective Pets Among Injury Trends for Amazon Delivery Partners in Colorado
Dec 7 2020 // Coloradans like residents of other states have seen an increase in delivery vehicles as many households shifted to ordering more online amid the pandemice. Colorado workers’ compensation insurer Pinnacol Assurance...
PointeNorth Insurance Group Acquires 3 Southeast Insurance Agencies
Dec 7 2020 // PointeNorth Insurance Group, LLC (PNIG), a locally owned and operated independent insurance agency in the Southeast, has increased its footprint with the merger and acquisition of three insurance agencies: The Stastka...
Bankrupt Store Chain Sells $175M Unpaid COVID Insurance Claim to Pay Debt
Dec 7 2020 // There’s an unusual asset up for grabs in Century 21 Stores’ going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for bankruptcy...
BRP Group Acquires Virginia’s Armfield, Harrison & Thomas
Dec 7 2020 // BRP Group Inc., an independent insurance distribution firm delivering tailored insurance solutions, has acquired all of the outstanding equity interests of Armfield, Harrison & Thomas Inc., which will be converted...
Truist on Track for 5 Acquisitions to Boost Its Wholesale Insurance Business
Dec 7 2020 // Charlotte, N.C.-based Truist Insurance Holdings reported that it will complete five insurance acquisitions this quarter, adding more than $100 million of combined annual revenue to its wholesale division. The most recent...
CPP Group UK and Partners& Offer Cyber Risk Assessment Tool
Dec 7 2020 // CPP Group UK and Partners& are now offering access to a risk management tool to help brokers and their customers identify and mitigate cyber vulnerabilities. The risk management tool KYND instantly identifies an...
Alera Group Acquires Legacy Risk & Insurance Services in California
Dec 4 2020 // Alera Group has acquired Legacy Risk and Insurance Services LLC in California. Legacy Risk is a provider of property/casualty solutions for commercial insurance and private client service offerings. The Legacy Risk team...
CRC Group Acquiring Assets of Louisiana’s Continental Underwriters
Dec 4 2020 // CRC Group, a nationwide wholesale distributor of specialty insurance products, has agreed to acquire the assets of Continental Underwriters. Headquartered in Covington, La., Continental provides primary marine, excess...
World Insurance Associates Acquires Virginia’s Tucker Insurance Service
Dec 4 2020 // World Insurance Associates LLC (WIA) has acquired Tucker Insurance Service Inc. of Falls Church, Va., on November 1, 2020. Terms of the transaction were not disclosed. Tucker was established in 1961. It is a full-service...
