Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
McNeil & Co. Acquires Bonding & Insurance Specialists Agency in Illinois
Oct 24 2019 // McNeil & Co. (McNeil) as acquired Bonding & Insurance Specialists Agency Inc. (BISA), an Orland Park, Illinois-based firm providing insurance products in the environmental and restoration industries. As part of the...
Plymouth Rock Assurance Finalizes Acquisition of New Jersey’s Rider Insurance
Oct 21 2019 // Plymouth Rock Assurance has finalized its acquisition of Rider Insurance Company. New Jersey-based Rider is the largest motorcycle insurance provider in the state and the only carrier serving the motorcycle community...
Merger & Acquisition (M&A) Trends Continue
Oct 21 2019 // There is no end in sight. How can our insurance industry keep the incredible pace of high-valued acquisitions happening? It feels like the tide needs to change, but yet the M&A national and regional brokerage firms and...
Baltimore to Buy $20M in Cyber Insurance Months After Attack
Oct 18 2019 // The city of Baltimore is set to purchase $20 million in cyber insurance coverage, five months after an attack hobbled its computer network. The city’s Board of Estimates on Wednesday approved the purchase of two $10...
Brexit Creates Opportunities for Specialist Legacy Acquisition Insurers
Oct 18 2019 // Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union...
The Hilb Group Acquires New Jersey’s New Agency Partners
Oct 17 2019 // The Hilb Group LLC (THG) has acquired New Jersey-based New Agency Partners (NAP). The transaction became effective October 1, 2019. NAP is a full-service insurance brokerage in Parsippany, N.J., providing business...
Burnham Risk in California Names Huttinger Executive Vice President and Partner
Oct 17 2019 // Irvine, Calif.-based Burnham Risk has named John Huttinger executive vice president and partner. The change was made following Burnham’s acquisition of SeaTech Insurance Agency Inc./Pacific Unified Insurance last...
Pillsbury Names Giller Partner in Los Angeles, Brings Focus on Sports-related Claims
Oct 16 2019 // Richard Giller has joined Pillsbury’s insurance recovery and advisory team in Los Angeles, Calif. Giller’s practice is concentrated on the recovery of insurance benefits on behalf of both corporate and...
Michigan’s Kapnick Insurance Expands Ownership, Welcomes New Partners
Oct 16 2019 // Ann Arbor, Michigan-based Kapnick Insurance Group is formally expanding its ownership base beyond the Kapnick family for the first time in the company’s 73-year history. Key employees who have made significant...
Ryan Specialty Group Acquires Assets, Operations of Pennsylvania’s The Suitelife
Oct 16 2019 // Ryan Specialty Group LLC has acquired the assets and operations of The Suitelife, a program manager specializing in boutique hotels, premier and full service hotels, hotel management companies, condo hotels and resorts...
The Hilb Group Acquires New Jersey’s LCIA
Oct 16 2019 // The Hilb Group LLC (THG) has acquired New Jersey-based LCIA Inc. DBA Campisano Insurance Agency (LCIA). The transaction became effective October 1, 2019. LCIA is a full-service property and casualty agency that has...
Atlanta-Based Prime Risk Partners Joins EPIC Insurance Brokers
Oct 16 2019 // Prime Risk Partners Inc. and EPIC Insurance Brokers & Consultants have entered into an agreement to join forces. Prime Risk Partners, headquartered in Atlanta, is a growing national firm of insurance professionals...
Arthur J. Gallagher & Co. Acquires Florida-Based Direct To PolicyHolder (DTPH)
Oct 15 2019 // Arthur J. Gallagher & Co. has acquired Ponte Vedra Beach, Florida-based The Doyle Group, Inc. and its affiliates, collectively doing business as Direct To PolicyHolder (DTPH). Terms of the transaction were not...
Arthur J. Gallagher & Co. Buys Swedish Broker Proinova
Oct 14 2019 // Arthur J. Gallagher & Co. announced the acquisition of Helsingborg, Sweden-based insurance broker Proinova. The terms of the transaction were not disclosed. Founded in 1989 by CEO Sten Eriksson, Proinova specializes in...
Berkshire’s MedPro Acquires Swiss Re Corporate Health Care Liability Business
Oct 14 2019 // Berkshire Hathaway health care liability insurance unit MedPro Group has agreed to acquire the healthcare professional liability business of Swiss Re Corporate Solutions effective Oct. 11. The agreement includes hospital...
Bonaccorso to Retire as PartnerRe’s CFO, Succeeded by Burnet from Zurich Insurance
Oct 11 2019 // PartnerRe Ltd. announced that Mario Bonaccorso, executive vice president and chief financial officer, will retire from the company on March 31, 2020 to pursue a new entrepreneurial venture with financial support from...
Largest African Insurer Sanlam Plans to Continue Growth via M&A
Oct 11 2019 // Africa’s largest insurer is getting breathing room to build on its biggest-ever acquisition and expand existing operations as rivals scale back on the continent and its main competitor squabbles with its fired...
Mediobanca Pressed to Grow via M&A and Rely Less on Its Prized Asset, Generali
Oct 11 2019 // Mediobanca’s third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank’s strategy. The 84-year-old...
Arthur J. Gallagher & Co. Acquires Garrett-Stotz Co. of Kentucky
Oct 9 2019 // Arthur J. Gallagher & Co. has acquired Louisville, Kentucky-based Garrett-Stotz Co. Terms of the transaction were not disclosed. Founded in 1931, Garrett-Stotz Company is a full-service commercial and personal lines...
Hub International Acquires Canadian Broker PDF Financial Group
Oct 9 2019 // Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired PDF Financial Group Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario, Canada, PDF is an independent...
