Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Allianz Buys U.K.’s LV General Insurance Group and Legal & General’s Non-Life Unit
Jan 2 2020 // Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51% of LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly Society (LVFS). The total...
Commercial Lines Insurtech Bold Penguin Acquires E&S Brokerage Tech Platform xagent
Jan 2 2020 // Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines business insurance...
New Hampshire’s Optisure Risk Partners Hires Five
Jan 2 2020 // Optisure Risk Partners has hired five individuals as the company continues its growth trajectory. Three new producers joined the organization: Heather Galloway Heather Galloway joined Optisure as a sales executive and...
The Hilb Group Acquires Rhode Island’s Wickford Insurance Agency
Dec 30 2019 // The Hilb Group LLC (THG) has acquired Rhode Island-based Wickford Insurance Agency Inc. (WIA). The transaction became effective December 1, 2019. WIA is a full-service property and casualty insurance agency for businesses...
Iowa’s Collins Community Credit Union, Coverage Direct Partnering on Launch of Collins Insurance
Dec 27 2019 // Collins Community Credit Union is launching Collins Insurance, a partnership with West Des Moines, Iowa-based, independent insurance agency, Coverage Direct. This partnership will provide Collins Community Credit Unions...
Alaska Earthquake Sensors Require More Funding to Maintain
Dec 27 2019 // A project that maintains seismic monitoring stations in Alaska needs more funding to continue fully operating, officials said. Scientists, lawmakers and federal agencies are promoting the permanent installation of the...
AssuredPartners Acquires First Service Insurance Agents & Brokers in California
Dec 23 2019 // AssuredPartners Inc. has acquired First Service Insurance Agents & Brokers Inc. of Roseville, Calif. The team of 28 First Service Insurance staff will remain under the operational leadership of Doug Lindley and Ed...
BRP Group to Acquire Lanier Upshaw of Florida
Dec 23 2019 // BRP Group, Inc., an independent insurance distribution firm based in Florida, announced that Baldwin Krystyn Sherman Partners, LLC, a subsidiary of BRP Group, has entered into an agreement to acquire substantially all...
Canada Pension Fund OMERS to Buy Stake in Fairfax Run-off Unit, RiverStone UK
Dec 20 2019 // Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees, announced they have entered into an agreement where OMERS will acquire a 40% interest in Fairfax’s UK run-off...
Munich Re Group Agrees to Buy Manhattan Skyscraper
Dec 20 2019 // Munich Re Group, advised by MEAG, has agreed to acquire the 330 Madison Avenue building in New York City. The 39 story high-rise dates from 1963 and was designed by Ely Jacques Kahn, one of the fathers of the New York City...
Legacy Acquirer DARAG Completes Portfolio Transfer with Germany’s SOVAG
Dec 20 2019 // DARAG Group Ltd., the Malta-based legacy acquirer, announced it has closed the portfolio transfer with German re/insurer SCHWARZMEER UND OSTSEE Versicherungsaktiengesellschaft (SOVAG), following the receipt of all...
High Street Insurance Partners Acquires Michigan’s InPro Insurance Group
Dec 19 2019 // High Street Insurance Partners (High Street), a full-service insurance brokerage platform owned by the private equity firm Huron Capital, has acquired InPro Insurance Group (InPro), an independent insurance agency in Troy,...
The Hilb Group Acquires Virginia’s Kerr-Boswell
Dec 19 2019 // The Hilb Group LLC (THG) has acquired Virginia-based Kerr-Boswell Inc. (KB). The transaction became effective December 1, 2019. For more than 60 years, KB has provided employee benefits, property and casualty, life, health...
West Texas Insurance Exchange Acquired by Alera Group
Dec 19 2019 // Alera Group, an independent national insurance brokerage and wealth management firm, has acquired West Texas Insurance Exchange Inc., located in Odessa, Texas. West Texas Insurance Exchange serves the insurance needs of...
Inszone Insurance Acquires James Swiniuch Agency in Arizona
Dec 18 2019 // Inszone Insurance Services has acquired James Swiniuch Agency Inc. in Tucson, Ariz. James Swiniuch Agency is focused on writing preferred personal lines insurance in Tucso. James Swiniuch Agency becomes the fourth...
Cigna Sells Group Disability Insurance Business to New York Life in $6.3 Billion Deal
Dec 18 2019 // Health insurer Cigna Corp. said on Wednesday it had agreed to sell its disability insurance and accidental death coverage unit for company employees to New York Life Insurance Co for $6.3 billion. The company said it...
Arthur J. Gallagher & Co. Acquires Canada’s SBW Employee Benefits
Dec 18 2019 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Halifax, Nova Scotia-based Sinclair Billard and Weld Ltd., and CJM Solutions + Inc., which do business under the name of...
Brown & Brown Acquires Insurance Management Group of South Carolina
Dec 18 2019 // J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark K. Ackerman, the sole shareholder of Insurance Management Group, Inc. (IMG), announced that Brown & Brown of South Carolina, Inc. has...
Zurich Partners with Insurtech Vindati on Motor Truck Cargo Program
Dec 17 2019 // Zurich and insurtech managing general underwriter Vindati have launched a new stand-alone Motor Truck Cargo (MTC) program now available to for hire common and contract truckers. Written through an exclusive agreement...
CopperPoint Completes Acquisition of Alaska National, AM Best Upgrades Rating
Dec 17 2019 // Phoenix, Ariz.-based CopperPoint Insurance Cos. has completed its acquisition of Alaska National Insurance Co. The forecasted enterprise financial results as of Dec. 31 are roughly $625 million of written premium, a...
