Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
New UK Broker McGill & Partners Grows Rapidly in First 6 Months of Trading
Dec 17 2019 // New boutique risk solutions business McGill and Partners has grown rapidly in its first six months of trading following “a successful talent acquisition strategy and significant client wins,” the company...
Alliant Insurance Services Acquires TCOR Management in Texas
Dec 17 2019 // Alliant Insurance Services has acquired TCOR Management, a Texas-based risk management firm. The acquisition will expand the Alliant Energy & Marine talent base by 50 specialists and broaden the surety footprint across...
USI Insurance Services Acquires Nebraska’s Marcotte Insurance Agency.
Dec 16 2019 // USI Insurance Services (USI) has acquired the Omaha, Nebraska-based benefits, retirement and risk management advisory firm, Marcotte Insurance Agency Inc. Terms of the transaction were not disclosed. Founded in 1927,...
Applied Systems to Acquire Indio to Digitize Commercial Lines Sales
Dec 16 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance...
North Korean Hackers Found Partnering With Eastern European Cyber Criminals
Dec 12 2019 // North Korean state-backed hackers appear to be cooperating with Eastern European cybercriminals, a report said on Wednesday, a finding that suggests digital gangsters and state-backed spies are finding common ground...
Bronze 2019 Best Agency to Work for Southeast – BKS Partners
Dec 12 2019 // Commitment to Culture Those working for BKS-Partners aren’t just employees – they are referred to as colleagues company-wide, and they really love where they work. More than 90 of the company’s 450-plus...
Risk Strategies Acquires New England-Based Subsidiaries of Gowrie Holdings
Dec 11 2019 // Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired the two subsidiaries of Gowrie Holdings Inc. (GHI). The acquisitions include both Gowrie Group, a full-service national...
Nationwide Inks Pact to Become ‘Official Insurance Partner’ of Minor League Baseball
Dec 10 2019 // Minor League Baseball (MiLB) and insurer Nationwide have a new partnership making the Columbus, Ohio-based carrier the “Official Insurance Partner of Minor League Baseball.” Financial terms of the agreement...
World Insurance Associates Acquires New York’s J & S Risk Planning Group
Dec 10 2019 // World Insurance Associates LLC (WIA) acquired J & S Risk Planning Group LLC of Wantagh, N.Y., on November 1, 2019. Terms of the transaction were not disclosed. Founded in 2009, J & S Risk Planning Group LLC...
Brown & Brown to Acquire Canadian MGA Special Risk Insurance Managers
Dec 10 2019 // Brown & Brown Programs Inc. has agreed to acquire the assets of the British Columbia, Canada-based managing general agency Special Risk Insurance Managers (SRIM). The transaction is expected to close effective January...
U.K. Investment Firm Centricus Forms Insurance Venture with Ex-Goldman Partner
Dec 6 2019 // Centricus, the U.K. investment firm that helped SoftBank Group Corp. raise its $100 billion Vision Fund, is entering the insurance industry by forming a joint venture with former Goldman Sachs Group Inc. partner Chris...
