Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Pennsylvania’s Leech Tishman Fuscaldo & Lampl Hires Sampson as a Partner
May 7 2020 // Leech Tishman Fuscaldo & Lampl LLC has hired Michael H. Sampson as a partner in the Litigation Practice Group. Sampson will also serve as chair of the firm’s Insurance Coverage Group as well as co-chair of the...
Goodreau Joins Michigan’s High Street Insurance as Managing Partner, COO
May 6 2020 // Traverse City, Michigan-based insurance brokerage, High Street Insurance Partners (HSIP), has added Scott Goodreau as managing partner and chief operating officer. Goodreau, who joined the company in April, brings nearly...
Willis Research Network Partners with ‘Cloud to Street’ to Raise Flood Resilience
May 6 2020 // The Willis Research Network (WRN) has formed a new partnership with “Cloud to Street,” a global flood-mapping and monitoring platform that aims to help governments, humanitarian organizations and private sector...
IMA Financial Group Completes Acquisition of ESS NexTier Insurance Group
May 6 2020 // IMA Financial Group, a national insurance brokerage firm specializing in property and casualty insurance, employee benefits and surety bonds, has completed its acquisition of ESS NexTier Insurance Group, a similarly...
MGA Platform OneAdvent Buys Property MGA Modus from CFC Underwriting
May 6 2020 // OneAdvent, a London-based managing general agent (MGA) platform, announced the acquisition of Modus Underwriting Ltd., a digital-first MGA focused on providing niche property insurance products to brokers across the...
Heffernan Acquires Contractors Insurance NW in Washington
May 5 2020 // Heffernan Insurance Brokers has acquired Contractors Insurance NW in Olympia, Wash. Heffernan purchased the assets of CINW to join HeffDirect, a division of Heffernan Insurance Brokers CINW offers commercial insurance for...
Florida-Based BKS-Partners Appoints Nash as Regional President
May 5 2020 // BKS-Partners, an insurance brokerage and risk management firm headquartered in Tampa, Fla., has appointed Kelly Nash to Regional president. As BKS-Partners Regional president, Nash will take responsibility over the...
Crest Insurance Group Acquires John Creps Agency Company in Arizona
May 4 2020 // Crest Insurance Group LLC has acquired John Creps Insurance Agency LLC in Flagstaff, Ariz. Terms of the deal were not disclosed. The Creps Agency is a full-service property/casualty agency also offering life and disability...
Paragon Completes Acquisition of Trident Public Risk Solutions from Argo
May 4 2020 // Paragon Insurance Holdings, a national managing general agency, said it has closed on the previously-announced purchase of Trident Public Risk Solutions from Argo Group. Trident provides insurance and risk management...
AI Specialist omni:us Partners with Insurtech Rokk3r to Enter Latin American Market
May 4 2020 // omni:us, the insurance-focused artificial intelligence (AI) solution business, has announced a partnership with Rokk3r, a global innovation technology and consulting company, to enable the AI company to enter the Latin...
HSBC’s Life Insurance Unit to Buy Out Joint Venture Partner in China
May 4 2020 // HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner’s 50% stake to own fully the company under the new rules on foreign ownership that came into effect...
