Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Lamb Insurance Services Acquires Prestige Insurance Agency of North Carolina
Jul 13 2020 // Lamb Insurance Services has acquired Prestige Insurance Services, effective July 1, 2020. Gene Dennis, managing client executive of Prestige, and his team will join the company with a focus on expanding service to the...
Insurity Acquires Virtual MGA in Texas
Jul 13 2020 // Insurity Inc., a provider of cloud-based core system solutions and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Austin, Texas-based Virtual MGA. The deal, which closely follows the June...
The Liberty Company Insurance Brokers Partners with The Browning Agency of Florida
Jul 10 2020 // The Liberty Company Insurance Brokers has partnered with The Browning Agency of Ponte Vedra, Fla. Established in 1989 by Jim Browning, The Browning Agency is a full-service brokerage and consulting firm specializing in...
Iowa’s BrokerTech Ventures Gains 4 New Carrier, Wholesale Partners
Jul 9 2020 // BrokerTech Ventures, an insurance broker-led platform and accelerator program based in Des Moines, Iowa, has added four super-regional and national insurance firms as partners: The Cincinnati Insurance Companies,...
CBIZ Inc. Acquires Assets of Virginia’s Prince-Wood Insurance
Jul 9 2020 // CBIZ Inc. has acquired substantially all of the assets of Prince-Wood Insurance L.L.C. (PWI) of Woodbridge, Va., effective July 1, 2020. Established in 1967, PWI provides property and casualty insurance to small and...
World Insurance Associates Acquires Rhode Island’s Bentsen Combies Insurance
Jul 9 2020 // World Insurance Associates LLC (WIA) has acquired Bentsen Combies Insurance Inc. of East Greenwich, R.I., on June 1, 2020. Terms of the transaction were not disclosed. Bentsen Combies is an independent insurance agency...
Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform
Jul 9 2020 // A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing. Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a...
Litigation Funding Firm’s Profit Outlook Brightens on Coronavirus Disputes
Jul 9 2020 // Analysts have rapidly lifted their earnings forecasts for a global litigation financier on expectations that the pandemic could spark more legal disputes. Forward consensus earnings estimates for Sydney-listed Omni...
Specialty Program Group Acquires Tennessee-Based Avant
Jul 8 2020 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired Avant, LLC. (Avant), a transportation program administrator and wholesale brokerage firm, with...
CFC Launches Transaction Liability Product for Portfolio Acquisitions
Jul 8 2020 // CFC has enhanced its transaction liability suite of products with launch of a new product designed for private equity firms and businesses pursuing a portfolio of add-on acquisitions for existing or newly acquired platform...
Specialty Program Group Acquires Assets of Beacon Hill Associates
Jul 8 2020 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of Beacon Hill Associates Inc. (BHA), an environmental wholesale brokerage firm,...
Allstate to Buy National General for $4 Billion, Growing Auto, Independent Agent Business
Jul 8 2020 // U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed traffic on roads and...
QBE Sells Stake in India Insurance Joint Venture to Fintech Platform Paytm
Jul 8 2020 // India’s financial technology platform Paytm is set to acquire Mumbai-based private sector general insurer Raheja QBE General Insurance Co. Ltd. The acquisition is subject to customary conditions, including approval...
TrueNorth Adopts First MainStreet Insurance Name; Acquires Hylant of Nashville
Jul 8 2020 // The TrueNorth Companies Nashville branch will adopt the name of its affiliate, First MainStreet Insurance (FMSI), as part of its efforts to further its presence in the Nashville market. According to TrueNorth Nashville...
After CoreLogic Rejects Their Takeover Bid, Investment Firms Vow to Press Ahead
Jul 7 2020 // The board of data analytics firm CoreLogic yesterday unanimously rejected an acquisition offer from an investment firm and hedge fund, calling the unsolicited bid undervalued. CoreLogic added that it would be willing to...
Sunstar Insurance of Tennessee Completes Recapitalization with BBH Capital Partners
Jul 7 2020 // Sunstar Insurance Group, LLC has completed a majority recapitalization with BBH Capital Partners (BBHCP), the private equity strategy of Brown Brothers Harriman & Co. (BBH). Terms of the transaction were not disclosed....
Hub Acquires Assets of Gus Bates Insurance & Investments in Texas
Jul 6 2020 // Chicago-based global insurance brokerage, HUB International Limited (Hub), has acquired the assets of GBC Benefits Ltd., d/b/a Gus Bates Insurance & Investments (Gus Bates I&I), located in Fort Worth, Texas. Terms...
Do Police Officers Need to Buy Professional Liability?
Jul 6 2020 // Law enforcement practices and reform have been on the minds of many city government leaders in recent weeks. Some groups are advocating that police officers carry professional liability insurance. Let’s examine this...
LP Insurance Services Acquires Meridian Insurance Services in Nevada
Jul 2 2020 // LP Insurance Services LLC has acquired Meridian Insurance Services in Nevada. As a result of the acquisition, Karen Wagner, former head of sales and service operations for Meridian, has been named the executive vice...
Propel Insurance Acquires HealthCare Services of Tennessee
Jul 2 2020 // Propel Insurance, a retail insurance agency and a portfolio company of Flexpoint Ford, has acquired HealthCare Services (HCS), a risk management and insurance consulting firm based in Knoxville, Tenn., that specializes in...
