Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
CBIZ Acquires Alliance Insurance Services of Washington D.C.
Feb 7 2020 // CBIZ Inc., a provider of financial, insurance and advisory services, has acquired substantially all of the assets of Alliance Insurance Services Inc. (AIS) of Washington, D.C., effective February 1, 2020. With roots dating...
Hub International Limited Acquires Pennsylvania’s TRA Insurance Solutions
Feb 7 2020 // Hub International Limited (Hub), a global insurance brokerage, has acquired Triester, Rossman & Associates Inc. (TRA Insurance Solutions). Terms of the transaction were not disclosed. Located in King of Prussia, Penn.,...
Illinois’ Alera Group Names Santelli VP, Carrier Partner Management
Feb 7 2020 // Deerfield, Illinois-based Alera Group appointed Tina Santelli as vice president, Carrier Partner Management for Alera Group Employee Benefits nationally. Santelli will be responsible for leading key top-tier partnerships...
Germany’s HDI Group Acquires Cyber Specialist Perseus
Feb 6 2020 // The HDI Group has acquired Berlin-based Perseus Technologies GmbH, a start-up that has specialized in the prevention of cyber risks and emergency cyber assistance. The acquisition enables the Hannover-based HDI Group to...
Hub Acquires Assets of New York’s Kokkoris Insurance Services
Feb 6 2020 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Kokkoris Corp., d/b/a Kokkoris Insurance Services. Terms of the transaction were not disclosed. Based in Astoria, N.Y., Kokkoris...
Insurance Technologies Corp. Acquires Agency Matrix of Georgia
Feb 5 2020 // Insurance Technologies Corporation (ITC), a provider of websites, marketing, comparative rating and management software and services, has acquired Agency Matrix, an insurance technology provider headquartered in...
Insgroup Acquires Assets of Dallas Brokerage Harris F Underwood III
Feb 5 2020 // Houston, Texas-based insurance broker Insgroup Inc. (Insgroup), has acquired substantially all of the assets of the Harris F Underwood III Inc. (HFU) agency in Dallas. The deal between the two firms is effective as of Jan....
Global Insurance Industry M&A Total Reached $12.92B in December
Feb 5 2020 // Total insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData’s deals database. The value marked an increase of 470.5% over the...
The Hartford’s 2019 Acquisition of Navigators Pays Off
Feb 5 2020 // The Hartford closed out 2019 with gains in net income and net investment income, buttressed in part by its $2.1 billion acquisition of specialty insurer Navigators Group last May. Net income hit $543 million, or $1.49 per...
Insurance Executive and Partners Seek $52 M in Sale of U.K. Soccer Team Sunderland
Feb 5 2020 // Sunderland AFC’s owners are targeting a valuation of as much as 40 million pounds ($52 million) as they seek a buyer for the U.K. soccer team, people with knowledge of the matter said. Insurance entrepreneur Stewart...
K2 Insurance of U.S. to Acquire UK’s Pioneer Underwriters
Feb 5 2020 // California-based specialty insurance holding company K2 Insurance Services is acquiring London-based Pioneer Underwriters. Pioneer will form the cornerstone for a new international platform of K2. This will initially...
The Liberty Company Insurance Brokers of Florida Add Bobyack as Partner
Feb 4 2020 // The Liberty Company Insurance Brokers has added Rob Bobyack to the firm as a partner at its Moody Insurance Group office. Bobyack began his career in the insurance industry in 1997 as a workers’ compensation...
Risk Strategies Acquires Transport Risk Management in Colorado
Feb 4 2020 // Risk Strategies has acquired Transport Risk Management Inc. in Denver, Colo. Terms of the deal were not disclosed. Risk Strategies is a privately held, national insurance broker with offices across the country. Transport...
AXA Liabilities Managers to Acquire RenaissanceRe (UK) Limited in Runoff
Feb 4 2020 // AXA Liabilities Managers has agreed to acquire RenaissanceRe (UK) Limited, a company currently in runoff, from RenaissanceRe Holdings Ltd. Formerly known as Tokio Millennium Re (UK) Limited, the UK run-off business was...
Aon Acquires Canadian Cyber Security Firm Cytelligence
Feb 4 2020 // Insurance broker Aon reported it has acquired Cytelligence Inc., a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security...
The Andrew Agency Acquires Virginia’s A & R Associates
Feb 4 2020 // The Andrew Agency has acquired A & R Associates in Alexandria, Va., effective January 15, 2020. Terms of the transaction were not disclosed. Founded in 1971, A & R Associates provides commercial insurance services...
Searchlight Capital to Acquire Majority Stake in UK’s Global Risk Partners
Feb 4 2020 // Insurance intermediary Global Risk Partners announced a major investment into the firm from Searchlight Capital Partners, a global private investment firm. Founders Peter Cullum and David Margrett and founding investor...
FBinsure Acquires Massachusetts’ Nimiroski Insurance Agency
Feb 3 2020 // FBinsure has acquired the Nimiroski Insurance Agency, an independent agency located in Attleboro, Mass. Established in 1963, Nimiroski Insurance has been an active member of the Attleboro community for more than 50 years,...
IGI Gets Regulatory Nod from Bermuda After Merger with Tiberius Acquisition
Jan 31 2020 // International General Insurance Holdings Ltd. (IGI) announced it has received regulatory approval from the Bermuda Monetary Authority in connection with its previously announced business combination with Tiberius...
Kentucky Agencies Peel & Holland, Riddle Insurance & Subsidiary R. Barga Finalize Merger
Jan 30 2020 // Peel & Holland Insurance has merged with Riddle Insurance of Madisonville, Ky., and its subsidiary, R. Barga and Company Insurance of Benton, Ky. The companies provide business property and casualty insurance, surety...
