Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Gallagher Buys Canada Retail Broker Insight Insurance
Aug 6 2020 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Edmonton, Alberta-based Insight Insurance & Risk Management Ltd. Terms of the transaction were not disclosed. Founded...
World Insurance Associates Acquires New York’s Loveman, Kornreich & Steers
Aug 5 2020 // World Insurance Associates LLC (WIA) acquired Loveman, Kornreich & Steers Inc. of White Plains, N.Y., on July 1, 2020. Terms of the transaction were not disclosed. Loveman, Kornreich & Steers specializes in a...
Sampo Group and S. African Investor to Acquire UK Insurer Hastings for $2.2B in Cash
Aug 5 2020 // UK insurer Hasting Group Holdings has agreed to a £1.66 billion (US$2.2 billion) cash acquisition by Finnish insurer Sampo and Rand Merchant Investment Holdings Ltd., a South African financial services investment...
Worldwide Facilities Acquires Clearwater Underwriters of Florida
Aug 5 2020 // Worldwide Facilities, LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Clearwater Underwriters, Inc., a surplus lines MGA based in Clearwater, Fla. Clearwater...
Allianz Global Corporate & Specialty Sells U.S. Products Recall Business to Axon
Aug 5 2020 // New Jersey-based specialty lines program administrator Axon Underwriting Services has acquired the renewal portfolio of Allianz Global Corporate & Specialty’s (AGCS) U.S. contaminated and consumer products recall...
One80 Intermediaries Acquires National Underwriting Services in Texas
Aug 4 2020 // One80 Intermediaries has acquired National Underwriting Services Inc. in San Antonio, Texas. Terms of the deal were not disclosed. National Underwriting Services is a specialty underwriter of medical stop loss coverage for...
EXOR and Covéa ‘Normalize’ Relations After Failed PartnerRe Deal
Aug 4 2020 // Italy’s EXOR said on Monday that French insurer Covéa had agreed to invest a total of 1.5 billion euros ($1.8 billion), partly in entities managed by PartnerRe, after walking away from a deal to buy the reinsurer...
USI Insurance Services Acquires Colburn Group Insurance in Michigan
Aug 3 2020 // USI Insurance Services has acquired Troy, Mich.-based Colburn Group Insurance. Terms of the deal were not disclosed. All of the agency’s team members, including Harry Colburn, chairman, and Pamela Haron, president,...
NFP Acquires New York’s Rose & Kiernan
Aug 3 2020 // NFP, an insurance broker and consultant that provides property and casualty, corporate benefits, retirement and individual solutions, has acquired Rose & Kiernan Inc. in a transaction that closed effective August 1,...
PSA Insurance and Financial Services Acquires Maryland’s H.U. Dove & Company
Aug 3 2020 // PSA Insurance and Financial Services (PSA), an independent insurance brokerage firm, has acquired H.U. Dove & Company, a 175 year old Baltimore-based company. The acquisition was final as of April 1, 2020. To better...
Insurance Broker PCF Acquires Avidity Insurance in Kansas
Jul 31 2020 // PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired Avidity Insurance, an Overland Park, Kansas-based independent insurance agency founded in 2013 by Will Wilson. Avidity offers home, auto,...
First Fidelity Brokerage of N.Y., Moulton Insurance of Mass., Acquired by PCF
Jul 31 2020 // PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired two brokerages based in the Eastern U.S. The brokerages that have joined PCF include: First Fidelity Brokerage, a New York City-based...
Marsh & McLennan Profit Up in Q2; CEO Sees Aon-Willis Merger ‘Good’ for MMC
Jul 30 2020 // The pending acquisition by insurance broker Aon of rival Willis Towers Watson is “not good for the market or for clients but is good for Marsh & McLennan,” commented Daniel Glaser, president and chief...
World Insurance Associates Acquires Airways International Insurance Services
Jul 30 2020 // World Insurance Associates LLC (WIA) acquired Airways International Insurance Services LLC (AIIS) of Mickelton, N.J., on May 1, 2020. Terms of the transaction were not disclosed. Alex Morris founded Airways International...
PCF Insurance Services Acquires Horizon Insurance of Florida
Jul 30 2020 // PCF Insurance Services (PCF), headquartered in Woodland Hills, Calif., has acquired Horizon Insurance, a Bradenton, Fla.-based provider of personal, commercial and financial services insurance. Horizon Insurance is an...
Higginbotham Enters New Mexico with Pat Campbell Merger
Jul 29 2020 // Higginbotham and Pat Campbell Insurance, an independent agency in Las Cruces, N.M., have merged operations. Both firms broker commercial and personal property/casualty insurance, employee benefits and individual life and...
Insurance Broker Acrisure Acquires Tulco’s Artificial Intelligence Insurance Business
Jul 29 2020 // Insurance broker Acrisure announced that it has acquired artificial intelligence (AI) company Tulco LLC’s insurance practice with the aim of bringing data science, AI and machine learning capabilities to the...
First American Insurance Agency Acquires Massachusetts’ Morin & Foy
Jul 29 2020 // First American Insurance Agency, an independent insurance firm, has acquired Morin & Foy, a property and casualty firm situated in Brimfield, Mass. First American Insurance Agency is only acquiring the Brimfield,...
Analysis: Fintech Funding Slides as Coronavirus Casts a Chill with Venture Capitalists
Jul 29 2020 // Aritra Chakravarty, founder of London-based online accounts and investments provider Dozens, admits it’s a tough time to be seeking up to 15 million pounds ($19 million) for a start-up. “It’s definitely a...
PartnerRe Names Bonneau as President and CEO as Clarke Exits
Jul 28 2020 // Bermuda-based PartnerRe Ltd. announced it has appointed industry veteran Jacques Bonneau as its president and chief executive officer effective immediately. Bonneau, who will be based in the company’s headquarter in...
