Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
OPTIS: Insurance Agency M&A Down 10% This Year
Nov 18 2024 // The total number of insurance agency mergers and acquisitions as of the end of September was down 10% from the same period in 2023, according to investment banking and financial consulting firm OPTIS Partners. OPTIS...
World Insurance Acquires New Jersey’s United Counties Insurance
Nov 14 2024 // National broker World Insurance Associates reports that it acquired the business of United Counties Insurance Group of Old Bridge, New Jersey on August 1, 2024. Terms of the transaction were not disclosed. United Counties...
Intact Financial Acquires Canada’s No. 1 Home Maintenance App
Nov 14 2024 // Intact Financial Corp., the Toronto-based property-casualty insurer, announce that it has acquired Jiffy Inc., Canada’s No. 1 home maintenance app. Through this acquisition, Jiffy will have the platform and...
Hub Acquires R.K. Gore & Associates in Utah
Nov 14 2024 // Hub International Ltd. acquired the assets of R.K. Gore & Associates in Lehi, Utah. Robert Gore, owner, and the R.K. Gore & Associates team will join Hub Southern California and Utah. R.K. Gore & Associates...
Risk Strategies Acquires Felsen Insurance of New Jersey
Nov 13 2024 // North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personal property/casualty insurance. Terms of the...
Inszone Acquires Springbrook Insurance Agency in California
Nov 13 2024 // Inszone Insurance Services acquired Springbrook Insurance Agency in San Diego, California. Charlene and John Drapp will be staying on after the transition to Inszone Insurance. Springbrook Insurance Agency offers insurance...
World Insurance Associates Expands in Louisiana, Texas With 5 Acquisitions
Nov 12 2024 // World Insurance Associates LLC (“World”), announced today that it acquired the business of five entities with locations across Louisiana and Texas on August 1, 2024. The agencies are The Firm of Louisiana...
Hub Acquires Texas’ ANCO Insurance
Nov 12 2024 // Hub International Limited announced that it has acquired the assets of ANCO Insurance Managers, Inc. (ANCO Insurance). Terms of the transaction were not disclosed. Headquartered in Bryan, Texas with six additional offices,...
Specialist Risk Group Acquires UK Claims Specialist One Claim Ltd.
Nov 12 2024 // Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced the acquisition of One Claim Ltd. Based in Essex, England, One Claim provides broker partners and their clients with claims...
Howden Broadens Asia Footprint With Acquisition of Hong Kong Broker Storfield
Nov 12 2024 // Howden, the London-based insurance intermediary group, announced the acquisition of Storfield Insurance Consultants Ltd., a specialist in general insurance for small-to-medium sized enterprises (SMEs) and high-net-worth...
Inszone Acquires Nugent Insurance Brokers in California
Nov 12 2024 // Inszone Insurance Services acquired Nugent Insurance Brokers LLC in Chico, California. Valerie and Tom Nugent Jr., and Tom Jr.’s daughter, Marissa, will remain with Inszone. Nugent Insurance will also expand into...
Hippo Sells Majority Stake in First Connect Insurance to Centana Growth Partners
Nov 8 2024 // Insurtech Hippo said it has sold a majority stake in First Connect Insurance Services, a digital platform for independent agents. The buyer is private equity fund Centana Growth Partners, who with Hippo shares Palo Alto,...
Aon’s NFP Acquires Irish Wealth and Corporate Benefits Advisory Business
Nov 8 2024 // NFP, the Aon company and international insurance brokerage and consulting firm, announced it has acquired HC Financial, a financial planning and corporate employee benefits advisory business based in Galway,...
Business Moves: Ryan Specialty Acquires MGU Specialist; Clear Buys UK’s CoverMarque
Nov 6 2024 // Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not...
Arthur J. Gallagher Acquires Statewide Commercial Insurance Brokers
Nov 6 2024 // Arthur J. Gallagher & Co. acquired Altadena, California-based American Matar International Inc., dba Statewide Commercial Insurance Brokers. Lana Matar and her team will remain in their current location under the...
Arthur J. Gallagher & Co. Acquires Michigan’s Peabody
Nov 5 2024 // Arthur J. Gallagher & Co. announced the acquisition of Fenton, Michigan-based Peabody Insurance Agency, Inc. (Peabody Insurance). Terms of the transaction were not disclosed. Peabody Insurance is a retail insurance...
Specialist Risk Group Acquires UK-Based MGA NW Re
Nov 5 2024 // Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the...
Aon to Acquire UK Insurance Broker Griffiths & Armour
Nov 5 2024 // Insurance broker Aon plc has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Financial details of the deal were not disclosed. Upon completion of the transaction, Griffiths &...
Hub International Acquires Western Growers Insurance Services in California
Nov 5 2024 // Hub International Ltd. acquired the retail insurance brokerage business of Western Growers Insurance Services in a move aimed at expanding Hub’s services in the agribusiness industry. WGIS has 10 offices located in...
Monarch E&S Acquires Texas’ Professional Insurance Executives
Nov 4 2024 // Monarch E&S Insurance Services (Monarch E&S), a division of Specialty Program Group LLC, announced its strategic acquisition of the assets of Professional Insurance Executives, Inc. (PIE), a leading contract...
