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