Latest Mergers & Acquisitions Headlines

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

World Insurance Associates Acquires New Jersey’s Advantage Benefit Concepts

Sep 2 2020 // World Insurance Associates LLC (WIA), has acquired Advantage Benefit Concepts Inc. of Blackwood, N.J., on April 1, 2020. Terms of the transaction were not disclosed. Advantage Benefit Concepts Inc. specializes in employee...

Ryan Specialty Group and All Risks Finalize Merger

Sep 2 2020 // Specialty insurance brokerages Ryan Specialty Group and All Risks have closed on the merger the two firms into Ryan Specialty Group. The deal unites Chicago-based Ryan Specialty Group and its nearly $12 billion in premium,...

Home Insurance MGA Hippo Completes Acquisition of Spinnaker Insurance Co.

Sep 1 2020 // Hippo, an insurtech managing general agent focused on home insurance, has completed its acquisition of Spinnaker Insurance Co., with an expansion into additional states next on its plate. The deal, first announced in June,...

World Insurance Associates Acquires New York’s Countywide Insurance Agency

Sep 1 2020 // World Insurance Associates LLC (WIA), acquired Countywide Insurance Agency of Jefferson Valley, N.Y., on July 1, 2020. Terms of the transaction were not disclosed. Countywide Insurance Agency provides insurance products...

AXIS Partners With AllDigital Specialty MGA on Small Business Platform

Aug 31 2020 // AXIS Insurance and AllDigital Specialty will launch an insurance platform designed for the U.S. small private company management liability market. AXIS will utilize AllDigital’s technology to quote, bind and issue...

In Anthem-Cigna Failed Merger ‘Soap Opera,’ Judge Hands Damages to Neither

Aug 31 2020 // A Delaware judge rebuffed efforts by both Cigna Corp. and Anthem Inc. to collect billions over their failed merger, saying Cigna had breached its obligations but the merger was likely to have been blocked on antitrust...

World Insurance Associates Acquires New Jersey’s Maximum Benefit Insurance Agency

Aug 31 2020 // World Insurance Associates LLC (WIA) acquired Maximum Benefit Insurance Agency Inc. of Saddle Brook, N.J., on August 1, 2020. Terms of the transaction were not disclosed. Founded in 1994, Maximum Benefit Insurance Agency...

World Insurance Associates Acquires Kansas’ Peoples Insurance Group

Aug 27 2020 // World Insurance Associates LLC (WIA) has acquired Peoples/Commercial Insurance Services LLC (d/b/a Peoples Insurance Group) in Topeka, Kansas. The transaction, the terms of which were not disclosed, was effective Aug....

Aon, Willis Towers Watson Shareholders Approve Merger

Aug 26 2020 // Shareholders of insurance brokers Aon and Willis Towers Watson have approved all of the proposals necessary to complete their previously announced combination, the firms announced. Aon intends to combine with Willis in an...

Risk Strategies Acquires Ohio’s McCamon Hunt Insurance Agency

Aug 26 2020 // Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired Boardman, Ohio-based, McCamon Hunt Insurance Agency Inc. Terms of the deal were not disclosed. McCamon Hunt adds to Risk...

Accredited Enters New Program Underwriting Partnership with Surround Insurance

Aug 26 2020 // Accredited Surety & Casualty Company Inc., a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q) and a Florida-domiciled insurance company licensed in all 50 states to write admitted...

Johnson & Johnson to Acquire Assets of Georgia-Based National Program Management

Aug 26 2020 // Johnson & Johnson will expand its presence in Georgia by acquiring the assets of National Program Management (NPM) located in Alpharetta. The parties expect the transaction to close Sept. 1, 2020. National Program...

Insurance Run-Off Specialist Marco Capital Acquires British Reserve from Allianz

Aug 25 2020 // Newly-launched insurance run-off specialist Marco Capital Holdings said it has agreed to purchase British Reserve Insurance Co. Ltd., a UK non-life insurance company, from Allianz. The transaction, Marco’s first, is...

Randall & Quilter to Acquire World Marine & General Insurance From BHP

Aug 21 2020 // Randall & Quilter II Holdings Limited has agreed to acquire the entire issued share capital of The World Marine & General Insurance Co. from BHP Group Limited. WMG was incorporated in England & Wales in 1894...

Alera Group Acquires Maryland’s FNL Insurance Group

Aug 21 2020 // Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired FNL Insurance Group, effective August 1, 2020. For more than 40 years, FNL Insurance Group has...

Alera Group Acquires Banasky Insurance in Utah

Aug 21 2020 // Alera Group has acquired Banasky Insurance Inc., which has locations in Price and Draper, Utah. Terms of the deal were not disclosed. Banasky Insurance offers property/casualty insurance solutions for clients, including...

The Upton Group of Alabama Partners with Acrisure

Aug 20 2020 // The Upton Group has entered into a partnership with global insurance broker Acrisure, which will enable The Upton Group to build on its insurance and risk management services for franchise business clients, with a special...

Randall & Quilter to Acquire Inceptum

Aug 19 2020 // Randall & Quilter II Holdings Limited has agreed to acquire the entire issued share capital of Inceptum Insurance Co. Inceptum is closed to new business and the company’s principal activities are the run-off of...

Aon’s New Capital Partners Aims to Tap Additional Sources of Capital for Reinsurance

Aug 19 2020 // Global broker Aon has formed a new team in its Reinsurance Solutions business that will focus on building global investor relationships in order to identify additional sources of capacity to clients. The new Capital...

SpottedRisk Acquires Completion Bonds Agency Media Guarantors

Aug 19 2020 // Entertainment insurance provider SpottedRisk has acquired Media Guarantors, a specialized managing general underwriter focused on completion bonds for the film industry. West Hollywood, Calif.-based Media Guarantors,...