Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Do Police Officers Need to Buy Professional Liability?
Jun 24 2020 // I read an interesting article today on Insurance Journal (of course) about plans to reform law enforcement in Minneapolis. What interested me the most was that some groups were advocating making police officers carry...
The Plexus Groupe Acquires Florida’s Community Insurance Group
Jun 24 2020 // The Plexus Groupe, a privately held broker, has acquired Community Insurance Group (CIG) of Brandon, Fla. This is the first entrance into the Florida market for Plexus, which has locations in Atlanta, Chicago, Dallas, Los...
Alliant Hires Schoenberg as Co-Leader of Its Mergers & Acquisitions Division
Jun 24 2020 // Alliant has hired Dan Schoenberg as co-leader of Alliant Mergers & Acquisitions. Schoenberg has experience in representations and warranties insurance, tax insurance and litigation insurance, as well as insuring other...
World Insurance Associates Acquires New York’s Millennium Medical Solutions Corp.
Jun 24 2020 // World Insurance Associates LLC (WIA) acquired Millennium Medical Solutions Corp. of Armonk, N.Y., on June 1, 2020. Terms of the transaction were not disclosed. Millennium Medical Solutions Corp. is an employee benefits...
Arthur J. Gallagher & Co. Acquires Florida’s Barrett, Liner & Buss
Jun 24 2020 // Arthur J. Gallagher & Co. has acquired Ocala, Fla.-based Barrett, Liner & Buss LLC. Terms of the transaction were not disclosed. Founded in 1981, Barrett, Liner & Buss offers a range of employee benefit...
Prime Property & Casualty Insurance Inc. Provides Partnership Approach to the Commonwealth of Massachusetts Commercial Auto Market
Jun 24 2020 // Chicago, IL, June 24, 2020 – Prime Property & Casualty Insurance Inc. (“PPCI”) has announced its debut into the Commonwealth of Massachusetts commercial auto market as an admitted carrier specializing...
BenefitMall in Texas Partners with Benefits and Security Provider, CyberScout
Jun 23 2020 // Dallas-based employee benefits provider, BenefitMall, has partnered with CyberScout, a provider cybersecurity, identity theft resolution and employee benefits services. BenefitMall brokers will now be able to offer...
UK Insurance Broker Ardonagh Group Secures $2 Billion Loan for Acquisitions
Jun 23 2020 // UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender. The group is refinancing its debt with a 1.575...
Relation Insurance Acquires Summers Thompson Lowry of North Carolina
Jun 23 2020 // Relation Insurance Services, a privately owned insurance brokerage that offers property and casualty, risk management, employee benefits, and TPA-consulting services through its family of brands across the United States,...
Online Used Car Retailer Shift Talking Merger With Insurance Acquisition
Jun 22 2020 // Shift Technologies Inc., an online retailer for used cars, is in talks to merge with blank-check company Insurance Acquisition Corp., according to people familiar with the matter. The companies could announce a transaction...
Bold Penguin Partners with Ohio’s State Auto on Commercial Insurance
Jun 19 2020 // Bold Penguin, a commercial insurance technology provider, has added Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) to its platform, expanding its commercial auto insurance offering launched in...
Insurtech Buckle Acquires Atlas Financial’s Commercial Auto Subsidiary, Gateway
Jun 17 2020 // Buckle, an insurtech startup focused on rideshare insurance, has acquired Gateway Insurance Co., a subsidiary of Schaumburg, Illinois-based Atlas Financial Holdings, for an undisclosed price. The move allows Buckle to...
Lighthouse Completes Merger with Florida’s Prepared Insurance Co.
Jun 17 2020 // Lighthouse Property Insurance Corp. has completed its previously announced merger plans with sister carrier, Prepared Insurance Co. Lighthouse will assume the Prepared portfolio and write directly in the state of Florida,...
CEO Watsa Buys US$149M of ‘Ridiculously Cheap’ Fairfax Shares
Jun 16 2020 // Fairfax Financial Holdings Ltd. announced that Prem Watsa, its chair and CEO, has purchased in the market 482,600 subordinate voting shares of Fairfax for a cost of approximately US$148.95 million. “At our AGM and on...
McLarens Acquires Energy Claims Specialist LWI in London
Jun 12 2020 // Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters. McLaren purchased the...
Searchlight Capital Partners Completes Acquisition of UK Broker Global Risk Partners
Jun 12 2020 // Global Risk Partners Ltd., the London-based independent insurance intermediary, announced that global private investment firm Searchlight Capital Partners has completed its acquisition of a majority stake in the group,...
Insurtech Zego Partners with Telematics Firm ABAX to Lower Fleet Insurance Costs
Jun 11 2020 // Insurtech Zego has partnered with global telematics firm ABAX in a move designed to drive down the cost of insurance for fleet owners. While some fleets already use on-board telematics devices to improve efficiency, many...
Worldwide Facilities Acquires Wisconsin’s Strategic Underwriting Solutions
Jun 11 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program manager, has acquired Strategic Underwriting Solutions LLC (SUS), a full service medical stop-loss focused managing...
The Hilb Group Acquires Fort Myers Insurance Agency/Freedom Insurance Center of Florida
Jun 10 2020 // The Hilb Group, LLC has acquired Florida-based Fort Myers Insurance Agency, Inc., dba Freedom Insurance Center (FIC). The transaction became effective June 1, 2020. FIC is a property and casualty full–service agency that...
Reform Plan Would Require Minneapolis Officers to Buy Liability Insurance
Jun 9 2020 // Several advocacy groups presented their own recommendations to reform law enforcement practices in Minneapolis, a day after the majority of the City Council voiced support for abolishing the police department entirely in...
