Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Smart Choice® Grows to 8,000 Agency Partners
May 27 2020 // High Point, NC, May 27, 2020 – Smart Choice®, remains the nation’s fastest growing independent agency network, after partnering with over 350 new agencies in the first quarter of 2020, and reaching a milestone of...
Service American, Tangram Insurance Partner on Workers’ Comp Program
May 21 2020 // Service American Indemnity Co. (SAIC), a national workers’ compensation carrier, is partnering with Tangram Insurance Services Inc. (Tangram), a managing general underwriter and program manager, to enhance...
Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion
May 21 2020 // Coalition, an insurtech managing general agency focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global...
Altamont Capital Deal to Acquire Topa Insurance Called Off
May 20 2020 // The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa Insurance Group from its...
NFP Acquires Pennsylvania-Based Insurance Broker Team Scotti
May 20 2020 // Insurance broker NFP as acquired LFG Inc., which does business as Team Scotti). The transaction closed effective December 1, 2019. Team Scotti, based in Pittsburgh, Penn., and founded in 1987, is a national insurance...
Hub Acquires Assets of Massachusetts’ Lashua-LaChance & Poliks Insurance Agency
May 18 2020 // Hub International Limited, a global insurance brokerage, has acquired the assets of Lashua-LaChance & Poliks Insurance Agency Inc. Terms of the transaction were not disclosed. Located in Gardner, Mass., Lashua-LaChance...
BMS Signs Long-Term Partnership Agreement with Chilean Broker Insurex Re
May 18 2020 // BMS Group, the London-based specialist re/insurance broker, announce it has signed a preferred partner agreement with the independent Chilean reinsurance broker and existing trading partner Insurex Re, a company owned by...
Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding
May 15 2020 // Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence...
Hub International Acquires Assets of Hatchett Insurance Agency of Tennessee
May 15 2020 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Hatchett Insurance Agency, LLC (Hatchett Insurance). Terms of the transaction were not disclosed. Located in Winchester, Tenn.,...
Insurtech Zego Expands Partnership with RSA to Provide Cover for UK Van Fleets
May 14 2020 // London-based insurtech Zego has expanded its partnership with RSA Insurance to provide flexible cover for van fleets. Zego is offering usage-based policies to delivery, courier or trade van fleets of 20-200 vehicles in the...
Exor Plays Hardball with French Insurer Covéa as PartnerRe Deal Collapses: Opinion
May 14 2020 // Renege on a deal with the Agnellis and you can expect to pay for it. Scion John Elkann has refused to renegotiate the Italian family’s $9 billion sale of its reinsurance business after the buyer, French mutual...
Norman-Spencer Agency Acquires Assets of Intercorp, BNK Insurance Services
May 13 2020 // Norman-Spencer Agency LLC (Norman-Spencer), a Dayton, Ohio-based program administrator and wholesale brokerage, has acquired the business assets of Intercorp Inc. and BNK Insurance Services. Terms of the deals were not...
Hub Acquires Quebec’s Vestas Financial Services
May 13 2020 // Global insurance broker Hub International Limited has acquired Vestas Financial Services Firm Inc. Located in Montreal, Quebec, Canada, Vestas is an independent firm providing commercial and personal insurance with a focus...
Reliance Partners of Tennessee Appoints Albrecht as CFO, CRO
May 13 2020 // Reliance Partners has added Thom Albrecht as chief financial officer and chief revenue officer. Albrecht is a 32-year veteran of the transportation space and served most recently as chief commercial officer and chief...
French Mutual Covéa Scraps $9 Billion Purchase of PartnerRe from Exor
May 12 2020 // French insurer Covéa has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor, the holding firm of Italy’s Agnelli family, saying it could no longer buy under the...
HUB International Acquires Employee Benefits Unit of Indiana’s The Healy Group
May 12 2020 // Insurance brokerage HUB International Limited (Hub) has acquired the employee benefits division of The Healy Group Inc. (Healy Benefits), based in South Bend, Indiana. Terms of the transaction were not disclosed. Healy...
Western Security Surplus Acquires Houston Surplus Lines
May 11 2020 // Western Security Surplus (WSS), part of the XPT Group, has acquired Texas-based Houston Surplus Lines (HSL). HSL is an excess and surplus lines general agency founded in 1994 and is currently managed by Barbara Partlow and...
Hub Northeast Acquires Assets of New York’s The B&G Group
May 11 2020 // Hub International Limited, a global insurance brokerage, has announced that its affiliate, Hub International Northeast Limited, acquired the assets of The B&G Group Inc. Terms of the transaction were not...
Michigan’s High Street Insurance Partners Acquires Three New Agencies
May 8 2020 // Traverse City, Michigan-based High Street Insurance Partners (High Street), has acquired three additional agencies — two in Michigan and one in New York. These new agency partners are: Trust Shield Insurance Group (TSIG)...
DUAL Acquires Specialty Managing General Agency in New Zealand
May 7 2020 // DUAL, the underwriting arm of Hyperion Insurance Group, announced the acquisition of a controlling interest in New Zealand specialty underwriting agency International Underwriting Agencies (IUA). “This is an...
