Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Marsh & McLennan Agency Acquires Heritage Insurance Service of Kentucky
Dec 2 2020 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Heritage Insurance Service, Inc., an independent agency in Louisville, Ky. Terms of the acquisition were not...
Alera Group Acquires Michigan Insurance Agency, Lighthouse Group
Dec 2 2020 // Alera Group, an insurance firm headquartered in Deerfield, Mich., has acquired Lighthouse Group, an independent insurance agency with eight locations through Michigan. The acquisition was effective Dec. 1, 2020. Lighthouse...
Crum & Forster Acquires Aspen’s Food and Beverage Product Recall Business
Dec 2 2020 // Specialty insurer Crum & Forster (C&F) has acquired the renewal rights of Aspen’s U.S. food and beverage product recall insurance portfolio written primarily through the excess and surplus lines market. The...
Hub International Acquires Quebec-Based Seymour Alper
Dec 2 2020 // Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired Seymour Alper Inc. Terms of the transaction were not disclosed. Located in Mount Royal, Quebec, Canada, Seymour Alper Inc. is an...
Allianz to Buy General Insurance Business of Australia’s Westpac for $534M
Dec 2 2020 // Allianz announced it has agreed to purchase the general insurance business of Westpac Banking Corp., the Australian banking group for a deal worth A$725 million (US$534 million). It will also enter into a new 20-year...
TWFG Insurance Acquires Penguin Insurance Services in California
Dec 1 2020 // TWFG Insurance has acquired Penguin Insurance Services in Milpitas, Calif. Terms of the deal were not disclosed. Penguin is a network of independent brokers, which supports brokers throughout California, Colorado, Nevada,...
AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.
Dec 1 2020 // AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale...
Private Equity Firm Cinven and Canada’s BCI to Buy Legacy Specialist Compre
Dec 1 2020 // Cinven, an international private equity firm, and British Columbia Investment Management Corp. (BCI), one of Canada’s largest institutional investors, announced they have reached an agreement to acquire Compre, a...
World Insurance Associates Acquires Connecticut’s Flanagan Associates
Dec 1 2020 // World Insurance Associates LLC (WIA) has acquired Flanagan Associates LLC of North Haven, Conn., on November 1, 2020. Terms of the transaction were not disclosed. Established more than 30 years ago, Flanagan Associates has...
Arthur J. Gallagher & Co. Acquires Pennsylvania’s JP Warner Associates
Nov 30 2020 // Arthur J. Gallagher & Co. has acquired Wayne, Penn.-based JP Warner Associates Inc., doing business as Warner Benefits. Terms of the transaction were not disclosed. Founded in 1997, JP Warner Associates is a...
AXA Sells Persian Gulf Business for $269 Million to Kuwaiti-Based Group
Nov 30 2020 // AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the coronavirus pandemic. The...
Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger
Nov 25 2020 // Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to approve the merger of the two companies. Specialty reinsurer Third Point Re, and Sirius...
Zywave Acquires Insurance Technologies Corporation (ITC)
Nov 24 2020 // Insurance technology provider Zywave announced the acquisition of Insurance Technologies Corporation (ITC), a leading provider of marketing, rating and management software and services to the insurance industry. Zywave...
Cigna’s CEO and Board Sued for ‘Black-Ops-Style’ Tactics to Kill Merger with Anthem
Nov 24 2020 // Cigna Corp.’s chief executive officer and board used “black-ops-style” tactics in a covert campaign to “blow up” a $48 billion merger with rival insurer Anthem Inc., Cigna investors claim in a...
UK Insurer Aviva Sells Stake in Italian Life Unit for $475 Million
Nov 24 2020 // Aviva Plc is selling its stake in its Italian life insurance joint venture for about 400 million euros ($475 million) as Chief Executive Officer Amanda Blanc continues her revamp of the firm. The insurer will sell its 80%...
Kemper to Acquire American Access Casualty in Illinois for $370M
Nov 23 2020 // Specialty insurer, Kemper Corp., has agreed to acquire American Access Casualty Co, and its related captive insurance agency, Newins Insurance Agency Holdings LLC, and its subsidiaries (collectively “AAC”). AAC...
Howden Buys Cyber and Tech Specialist Broker Safeonline
Nov 23 2020 // Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder. The acquisition underlines the...
Digital Lloyd’s Syndicate Ki Goes Live with List of Broker Trading Partners
Nov 23 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced the onboarding of its first trading partners to its proprietary digital platform, providing access to its algorithmic underwriting...
Zurich Insurance in Talks to Acquire MetLife Unit for $4 Billion
Nov 22 2020 // Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc.’s U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people familiar with...
Hudson to Acquire Pennsylvania’s Allegheny Group and Its Surety Operations
Nov 20 2020 // Specialty insurer Hudson Insurance Group has agreed to acquire the Allegheny Group Inc. (AGI) and its subsidiaries from its private shareholders. Hudson, by acquiring Pennsylvania-based AGI, will own Allegheny Surety Co.,...
