Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
World Insurance Associates Acquires Virginia Insurance Partners
Mar 24 2020 // World Insurance Associates LLC (WIA) has acquired Virginia Insurance Partners (VIP). The transaction was effective February 1, 2020, and terms of the deal were not disclosed. VIP is an independent insurance agency that...
Peachtree Special Risk Brokers Acquires Massachusetts’ RLA Insurance Intermediaries
Mar 24 2020 // Peachtree Special Risk Brokers LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of RLA Insurance Intermediaries. RLA Insurance Intermediaries was founded in 2010 by Jeff Hays and...
BMS Buys Spanish Specialist Insurance Broker Jurado Mata
Mar 24 2020 // BMS Group, the independent specialist re/insurance broker, announced its Spanish subsidiary, BMS Iberia, has acquired Jurado Mata, the Granada-based Spanish specialist insurance broker. Financial details of the transaction...
Centauri Insurance’s Rating Under Review After Termination of Avatar Acquisition
Mar 23 2020 // The Financial Stability Rating (FSR) of A, Exceptional, assigned to Louisiana’s Centauri National Insurance Co. by Demotech Inc. may be subject to change as Centauri National’s parent company, Centauri...
White Mountains’ NSM Insurance to Buy UK’s Kingsbridge Group
Mar 23 2020 // NSM Insurance Group (NSM), a Pennsylvania-headquartered managing general underwriting agency and program administrator for specialty insurance programs, has entered into a definitive agreement to acquire Kingsbridge Group...
Safeco Acquiring Republic’s Personal Lines Business in 6 States
Mar 23 2020 // AmTrust Financial Services said it will transfer to Liberty Mutual’s Safeco Insurance unit the renewal rights for the personal lines business in six states of Dallas-based Republic Group, an AmTrust company. The deal...
Lighthouse to Acquire Prepared Insurance of Florida
Mar 23 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
Avatar Partners Acquisition of Centauri in Hawaii Bolsters Ratings
Mar 20 2020 // The Financial Stability Rating (FSR) of A, Exceptional, has been assigned to Centauri Specialty Insurance Co. in Hawaii due to its pending acquisition by Avatar Partners LP, parent of Avatar Property & Casualty...
Alera Group Acquires Fall River Employee Benefits in Colorado
Mar 20 2020 // Alera Group has acquired Fall River Employee Benefits in Denver, Colo. Terms of the deal were not disclosed. Fall River joins Alera Group through Benefit Commerce Group, an Alera Group company. The Fall River team will...
Alera Group Acquires Pennsylvania’s Trilogy Group Benefits
Mar 19 2020 // Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired Trilogy Group Benefits LLC, effective February 28, 2020. Trilogy joins Alera Group through...
UK’s Prudential to Buy Thai Bancassurance Partnership from FWD Group
Mar 19 2020 // Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand from FWD Group Ltd. in a 24.5 billion baht ($753 million) deal. Prudential’s...
Inszone Insurance Acquires Global Pro Insurance Services in California
Mar 18 2020 // Inszone Insurance Services has acquired Global Pro Insurance Services in Pleasanton, Calif. Terms of the deal were not disclosed. Global Pro provides property/casualty insurance services to individual and businesses...
Integrated Specialty Coverages Acquires Access Partners in California
Mar 17 2020 // Integrated Specialty Coverages has acquired Sacramento, Calif.-based Access Partners Insurance Services LLC. Terms of the deal were not disclosed. ISC is a technology-enabled General Agency backed by affiliates of Two...
International General Insurance and Tiberius Acquisition Complete Merger
Mar 17 2020 // International General Insurance Holdings Ltd. (IGI) and the special purpose acquisition company Tiberius Acquisition Corp. have completed their previously announced merger. The business combination, which was first...
EU Regulators Ask Firms to Delay M&A Antitrust Filings Due to Coronavirus
Mar 17 2020 // European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of agreed deals. Among the...
Arkansas’ Southern Pioneer P/C Insurance Acquired by Biglari; Ratings Unchanged
Mar 16 2020 // AM Best said the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Southern Pioneer Property and Casualty Insurance Co. (Southern Pioneer), based in...
Arthur J. Gallagher Acquires McConnell, Manit & Trout in California
Mar 16 2020 // Arthur J. Gallagher & Co. has acquired McConnell, Manit & Trout Insurance Services LLC in San Louis, Obispo, Calif. Terms of the deal were not disclosed. Rick McConnell, Mike Manit, Doug Trout and their associates...
Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings
Mar 16 2020 // Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both...
Prepared Insurance of Florida to be Acquired by Lighthouse Property Insurance Corp.
Mar 16 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
P/C Insurers Expect Smaller M&As to Continue in 2020
Mar 13 2020 // Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance executives surveyed by Deloitte still expect to complete an M&A transaction in...
