Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RLI, Gridiron Form Excess Liability Binding Authority Partnership
Nov 4 2019 // RLI has formed a partnership with Gridiron Insurance Underwriters to offer RLI’s excess liability binding authority insurance through Easy Excess, Gridiron’s dedicated online wholesale excess liability...
The Hilb Group Acquires New York’s Avanti Associates
Oct 31 2019 // The Hilb Group LLC (THG) has acquired New York-based Avanti Associates Ltd., comprised of Associated Insurance Agency of Westchester Inc., Comprehensive Insurance Brokerage Inc. and Bruce Farnham Associates Ltd. The...
London Run-off Specialist RiverStone Acquires 2 Cayman-Based Captives
Oct 30 2019 // Run-off specialist RiverStone Group, the London-based subsidiary of Fairfax Financial Holdings, announced the acquisition of two Cayman-based captives: GMPCI Insurance Co. Ltd. (GMPCI) and Seaside Indemnity Alliance...
Seeman Holtz Acquires New Jersey’s Geisenheimer Agency
Oct 30 2019 // Seeman Holtz Property & Casualty has announced the acquisition of GIA Insurance Agency (Geisenheimer Insurance Agency), headquartered in Saddle Brook, N.J. Geisenheimer Insurance Agency is a provider of personal and...
Risk Strategies Acquires Pennsylvania’s Dash & Love
Oct 30 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Dash & Love Inc., a full-service specialty brokerage based just outside of Philadelphia. Terms of the deal were not...
XPT Group Acquires Sierra Specialty in California
Oct 29 2019 // XPT Group LLC has acquired Sierra Specialty in Fresno, Calif. Sierra Specialty will continue to operate under its brand name. Terms of the deal were not disclosed. Sierra Specialty was founded in 2005 by Kathy Schroeder...
Louisiana Homeowners Insurer, Gulf States, Acquires Coastal American Holdings
Oct 29 2019 // Lafayette, Louisiana-based Gulf States Holdings Inc. has acquired Coastal American Holdings Inc. and its subsidiary Coastal American Insurance Co. Coastal American’s home office is located in Gulfport, Miss. Terms of...
Accredited Surety Unveils Program Underwriting Partnership for Western States
Oct 29 2019 // Accredited Surety and Casualty Co. Inc., a Florida-domiciled insurance company licensed to write admitted business in all 50 states, has entered into a new program partnership with M.G. Skinner & Associates Insurance...
Insurtech Funding Reaches $4.4 Billion to Date in 2019, Blowing Past Full-Year 2018
Oct 25 2019 // Insurtech funding levels, reaching almost $4.4 billion in worldwide funding commitments through three quarters of the year, has already surpassed the 2018 full-year total, Willis Towers Watson announced...
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...
