Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Hilb Group Acquires Michigan Agency, CIA Financial Group
Jul 22 2020 // The Hilb Group LLC (THG) has acquired CIA Financial Group Inc. (CIA), a Michigan-based independent insurance agency. The transaction became effective on July 1. Founded in 1975, CIA delivers insurance and risk management...
New Jersey’s BCA Insurance Group Partners with NJM Insurance Group
Jul 22 2020 // BCA Insurance Group has contracted with NJM Insurance Group (NJM) as an NJM Premier Agent, expanding its ability to connect the business needs of its clients with NJM’s insurance solutions. As an NJM Premier Agent,...
Private Equity Firm Thoma Bravo to Acquire Insurance Software Firm Majesco for $594M
Jul 20 2020 // Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the company at $594...
Aviation Broker Piiq Risk Partners Receives License to Operate in France
Jul 20 2020 // Piiq Risk Partners, the global aerospace re/insurance broker, announces that it has received regulatory approval to operate in France. Piiq’s French operation will act as a base for expanding its services across the...
Starkweather & Shepley Insurance Brokerage Acquires Newport Insurance Agency
Jul 17 2020 // Starkweather & Shepley Insurance Brokerage Inc. (S&S) has acquired Newport Insurance Agency Inc. (NIA). Located in Middletown, R.I., with 13 associates on staff, Newport Insurance is an independent agency serving...
Amynta Group Acquires Surety Operations of Aspen Insurance
Jul 17 2020 // Amynta Group, a provider of property/casualty and warranty protection products and services, has acquired the surety operations of Aspen Insurance. The business will now operate as Amynta Surety Solutions. As part of the...
Castel Acquires Dutch Marine Business from The Hartford
Jul 17 2020 // Castel Underwriting Europe B.V. has agreed to acquire the renewal rights for a Navigators Europe book of predominantly of Dutch marine cargo, inland hull, land-based equipment and liability business from The...
AHT Insurance Acquires Mason & Mason Insurance
Jul 16 2020 // AHT Insurance has acquired Mason & Mason Insurance. Mason’s offices in Whitman, Mass., located near Boston, and North Conway, N.H., will become AHT’s eighth and ninth locations nationally. Mason’s...
Insurance Agency and Brokerage M&A Trends to Watch Amid the COVID-19 Pandemic
Jul 16 2020 // The COVID-19 pandemic has created challenges for many businesses across the globe, including the insurance industry. But so far, the insurance broker merger and acquisition (M&A) market has remained active even as the...
CIA-Leavitt Insurance Agency Acquires Goetz Insurors in Colorado
Jul 15 2020 // CIA-Leavitt Insurance Agency has acquired Goetz Insurors in Fort Morgan, Colo. Terms of the deal were not disclosed. Goetz Insurors provides insurance to north eastern Colorado and offers an equine insurance program...
Arthur J. Gallagher Acquires Boldt Risk Management Solutions in California
Jul 15 2020 // Arthur J. Gallagher & Co. has acquired Los Angeles, Calif.-based Boldt Risk Management Solutions. Terms of the deal were not disclosed. The BRMS team will join with Gallagher’s Glendale and Irvine offices, under...
P/C Insurance Agency M&A Deals Down 12% in First Half of 2020: Optis
Jul 15 2020 // There were 288 announced insurance agency mergers and acquisitions during the first half of 2020, down from 328 in 2019, according to a report from OPTIS Partners. It was the lowest six-month period total since...
CoreLogic Meets with Investors Cannae, Senator About Their Acquisition Bid
Jul 15 2020 // CoreLogic Inc. met with two of its investors for the first time Tuesday to discuss their $7 billion proposal to take the real estate data company private. Representatives from Cannae Holdings Inc. and Senator Investment...
Iowa’s First Mainstreet Insurance Acquires 3 New Agencies
Jul 14 2020 // Cedar Rapids, Iowa-based First MainStreet Insurance (FMSI), a TrueNorth affiliate, has added three new firms to its family of insurance agencies — two in Iowa and one in Tennessee. FMSI acquired Sisson and Associates of...
Allianz Acquires P/C, Auto Insurer from Brazil’s SulAmérica for Nearly $600M
Jul 13 2020 // Allianz has finalized the acquisition of the automobile and other property & casualty business from SulAmérica in Brazil. This follows the announcement of the deal on August 23, 2019. The transaction enlarges the...
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...
