Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub Acquires Assets of MPE Employee Benefit Services of Mississippi
Jan 21 2021 // HUB International Limited (Hub), a global insurance broker, has acquired the assets of MPE Employee Benefit Services. Terms of the transaction were not disclosed. Located in Ridgeland, Miss., MPE Employee Benefit Services...
The Hilb Group Acquires Michigan’s Owen Moore Insurance
Jan 20 2021 // The Hilb Group LLC (THG) acquired Linwood, Michigan-based Owen Moore Insurance Agency (OMA) in a transaction that was effective Dec. 31, 2020. OMA is a full-service property/casualty agency, providing a broad range of...
ProSight to Become Private Company After Being Acquired by Investors
Jan 20 2021 // International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100 percent of the common stock shares of specialty insurer ProSight Global for $586...
Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS
Jan 20 2021 // There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The surge resulted from the pent-up supply of pending transactions from earlier in the year coupled with...
INSUREtrust Makes Multiple Personnel Changes After Merger
Jan 20 2021 // Atlanta-based INSUREtrust has announced multiple additions and promotions to its Atlanta team. The company, which was just acquired by Constellation Affiliated Partners, has added Beck Heigl as an account manager. Before...
Arthur J. Gallagher Acquires Atlas General Insurance Services in California
Jan 19 2021 // Arthur J. Gallagher & Co. has acquired San Diego, Calif.-based Atlas General Holdings LLC, dba Atlas General Insurance Services. Mike Mathews, Charles Lasher and their associates will remain in their current location...
Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI
Jan 19 2021 // Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week. Freestyle.VC led the funding...
USI Insurance Services Acquires CB Insurance in Colorado
Jan 19 2021 // USI Insurance Services has acquired Colorado Springs, Colo.-based CB Insurance LLC. Terms of the deal were not disclosed. CB Insurance and its predecessors have served the needs of the Colorado community for more 100...
Cross Insurance Partners with Connecticut’s Daigle & Travers Insurance
Jan 19 2021 // Cross Insurance, a subsidiary of Cross Financial Corp., based in Bangor, Maine, and an independent insurance provider in New England, has partnered with Daigle & Travers Insurance of Fairfield County, Conn. The Daigle...
Constellation Affiliated Partners Acquires INSUREtrust; Haase to Retire
Jan 19 2021 // Constellation Affiliated Partners (Constellation) has acquired INSUREtrust, a specialty wholesale broker and MGA headquartered in Atlanta, Ga. Financial terms of the transaction were not disclosed. INSUREtrust, founded by...
Hub Acquires Assets of Texas’ Commercial Insurance Brokers
Jan 15 2021 // Global insurance broker Hub International Limited has acquired the assets of Commercial Insurance Brokers Inc., based in El Paso, Texas. Terms of the transaction were not disclosed. Commercial Insurance Brokers is a...
World Insurance Associates Acquires Bush Insurance Agents & Brokers
Jan 15 2021 // World Insurance Associates LLC (WIA), acquired Bush Insurance Agents & Brokers of Cambridge Springs, Penn., on December 31, 2020. Terms of the transaction were not disclosed. Established in 1918, Bush Insurance is a...
World Insurance Associates Acquires J.W. Edens & Company, Inc.
Jan 15 2021 // Insurance brokerage World Insurance Associates LLC (WIA) has acquired J.W. Edens & Co., Inc. (JWE) of Titusville, Fla. on Dec. 31, 2020. Terms of the transaction were not disclosed. Founded in 1997, J.W. Edens &...
ISC Acquires California Contractors Insurance Services
Jan 14 2021 // Integrated Specialty Coverages has acquired California Contractors Insurance Services Inc. Terms of the deal were not disclosed. Sacramento, Calif.-based CCIS has a network of over 70,000 licensed contractors to obtain...
American Family Insurance to Acquire Small Business Insurtech Bold Penguin
Jan 14 2021 // Madison, Wisconsin-based American Family Insurance is acquiring insurtech company Bold Penguin that serves small businesses. The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to...
NFP Acquires Toronto-Based EdgeHill Insurance Brokers
Jan 14 2021 // NFP, a New York-based insurance broker and consultant, announced the acquisition of EdgeHill Insurance Brokers Ltd., in a transaction that closed on Dec. 16, 2020. Financial details of the acquisition were not disclosed....
Applied Systems to Acquire EZLynx, Comparative Rating, Agency Management Vendor
Jan 14 2021 // Insurance technology firm Applied Systems has agreed to acquire EZLynx, an agency management system vendor and pioneer in real-time comparative rating . Applied said the acquisition is complementary and will expand its...
Hub International Acquires Massachusetts’ Alpha Pension Group
Jan 14 2021 // Hub International Limited (Hub), a full-service global insurance broker, has acquired Alpha Pension Group Inc. Terms of the transaction were not disclosed. Headquartered in Boston, Mass., Alpha Pension Group is a...
World Insurance Associates Acquires New Jersey’s True & Associates
Jan 14 2021 // World Insurance Associates LLC (WIA) acquired True & Associates of Westfield, N.J. on December 31, 2020. True & Associates is its largest property/casualty acquisition to date. Terms of the transaction were not...
The Hilb Group Acquires Dwayne Wilson Insurance of North Carolina
Jan 14 2021 // The Hilb Group, LLC (THG) has acquired North Carolina-based Dwayne Wilson Insurance & Financial Services, Inc. (DWI). The transaction became effective on Dec. 31, 2020. DWI is a full-service life and health (L&H)...
