Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Westland Insurance Acquires 2 Brokerage Firms in Alberta, Canada
Oct 5 2020 // Westland Insurance Group Ltd. announced it has acquired two brokers, based in Alberta, Canada, effective October 1, 2020. Ironside Insurance Brokers is a family-owned brokerage located in Carstairs, Alberta. Its...
Business Continuity Firm Agility Recovery Acquires Chicago’s Recovery Solutions
Oct 2 2020 // Agility Recovery, a Denver-based provider of business continuity services for banking and insurance companies, has acquired Chicago, Illinois-based Recovery Solutions. Recovery Solutions delivers audit-ready and Federal...
UK Insurtech Zego Partners with 2 Independent Broker Networks to Expand Fleet Offering
Oct 2 2020 // London-based insurtech Zego has partnered with two of the UK’s biggest networks of independent brokers that sit within Bravo Group. Zego will benefit from access to a community of over 700 brokers, more than 60% of...
Generali Completes Legal Merger of Subsidiaries in Portugal
Oct 2 2020 // After the completion of the acquisition of Seguradoras Unidas S.A. in Portugal in January, Generali concluded the process of the legal merger of all its 100% owned insurance subsidiaries in Portugal on Oct. 1,...
UK MGA Manchester Underwriting Mgmt Buys Renewal Rights of Pinpoint Underwriting
Oct 2 2020 // Manchester Underwriting Management Ltd. (MUM) has acquired the portfolio renewal rights of Pinpoint Underwriting. The underwriting team at Pinpoint will be joining MUM with immediate effect. Pinpoint is a well-established...
CRC Group Acquires Specialty Risk Associates in Louisiana
Oct 1 2020 // CRC Group has acquired Specialty Risk Associates Inc. in Shreveport, La. Terms of the deal were not disclosed. The addition of Specialty Risk expands CRC Group’s binding, transportation binding and personal lines...
White Mountains to Buy 72% Stake in Lloyd’s Insurer Ark for Growth in Hardening Market
Oct 1 2020 // White Mountains Insurance Group, Ltd. announced it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd., the parent company of Ark Syndicate...
Trump Signs Stopgap Government Funding Measure with 1 Year Flood Insurance Renewal
Oct 1 2020 // President Donald Trump signed a funding measure that will keep the federal government running until Dec. 11. The continuing resolution (HR 8337), which the House passed last week 359 to 57, was approved by the Senate in a...
Sedgwick Acquires Portuguese Loss Adjusting and Claims Management Firm
Oct 1 2020 // Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, has acquired Perigest, a loss adjusting and claims management company in Portugal. “The transaction represents an...
G&G Independent Insurance Acquires Arkansas Insurance Advisors in Little Rock
Oct 1 2020 // G&G Independent Insurance (G&G) in Fayetteville, Ark., has acquired the Little Rock-based agency, Arkansas Insurance Advisors (AIA). The transaction became effective on Sept. 25, 2020. Founded in 2015, AIA is an...
Howden Acquires London-Based Broker St Giles Legal & Professional Risks
Sep 29 2020 // Howden, the independent employee-owned insurance broker, announced it has reached an agreement to acquire St Giles Legal & Professional Risks, a London-based professional indemnity insurance broker specializing in the...
CAC Specialty Adds Martin, Flynn, Kasperkowiak to M&A Solutions Group
Sep 29 2020 // CAC Specialty has made several new hires to its M&A Solutions Group. Cameron Martin and Katie Flynn have been named senior vice presidents to the M&A Solutions Group, and Erica Kasperkowiak was named senior vice...
NFP Acquires Hutch Hubby & Associates in Austin
Sep 29 2020 // National insurance broker NFP has acquired the Austin, Texas-based employee benefits firm, Hutch Hubby & Associates. The acquisition is NFP’s third in central Texas in 2020. The firm’s principal, L. Hutch...
UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger
Sep 28 2020 // UK insurance company Liverpool Victoria said it remains in talks with a “number of parties” about a possible transaction after Sky News reported it was negotiating a merger with rival Royal London. The company...
Arch Forms Underwriting Partnership with ProHost for Restaurant Industry Program
Sep 25 2020 // Arch Insurance has formed an underwriting partnership with ProHost USA, a Minneapolis-based insurance program administrator providing specialty packages to the restaurant industry. ProHost USA is part of Distinguished...
Reliance Global Group Acquires New York’s UIS Agency
Sep 24 2020 // Reliance Global Group Inc. has acquired the assets of UIS Agency LLC, a Thiells, N.Y.-based insurance agency serving the commercial transportation industry. Reliance Global Group CEO Ezra Beyman said in a company press...
World Insurance Associates Acquires New Jersey’s Gateway Agency National
Sep 24 2020 // World Insurance Associates LLC (WIA) acquired Gateway Agency National of Highlands, N.J., on September 1, 2020. Terms of the transaction were not disclosed. Founded in 1981, Gateway specializes in home, automobile, boating...
Home Insurtech MGA Hippo, Topa Insurance End Their 3-Year Partnership
Sep 23 2020 // Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, a technology-driven managing general agency offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move...
The Hilb Group Acquires Connecticut’s Ganim Group
Sep 23 2020 // The Hilb Group LLC (THG) has acquired Connecticut-based Ganim Group Inc. (Ganim Benefits) from Ganim Financial Inc. The transaction became effective on September 1, 2020. The Ganim Benefits team, including Valerie Koch,...
Thoma Bravo Completes Acquisition of Insurance Software Firm Majesco
Sep 22 2020 // Private equity firm Thoma Bravo has completed the acquisition of insurance software firm Majesco. Under the terms of an amended merger agreement announced on Aug. 8, Thoma Bravo acquired all of the shares of Majesco common...
