Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Relation Insurance Acquires Oklahoma’s Premier Consulting Partners
Oct 3 2019 // Relation Insurance Services (Relation) has acquired the Tulsa, Oklahoma-based insurance brokerage Premier Consulting Partners LLC (Premier). Founded in 2014 by CEO Russell Brown, Premier offers a full suite of...
Global Insurance Accelerator Boosts Its Funding for Insurtech Startups
Oct 3 2019 // The Iowa-based Global Insurance Accelerator will nearly double its seed funding for insurtechs accepted into the program in 2020. Nicole Gunderson, managing director for the GIA, said the increase is a way for the GIA,...
Tokio Marine to Buy High Net Worth Insurer Pure for $3.1 Billion
Oct 3 2019 // Tokio Marine Holdings Inc. has agreed to buy U.S. high net worth insurer Privilege Underwriters Inc. and its specialty insurance subsidiaries, known as Pure Group, for $3.1 billion (approximately JPY 325.5B). Tokio Marine...
Canopius Completes Acquisition of AmTrust at Lloyd’s
Oct 3 2019 // Canopius Group announced it has completed its acquisition of AmTrust at Lloyd’s. The merger provides Canopius with significant additional underwriting expertise and a broader product offering, creating a leading...
Hub International Buys Canada Employee Benefits Consultant, Regency Advisory Corp.
Oct 3 2019 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the Canadian employee consulting firm, Regency Advisory Corp. Terms of the transaction were not disclosed. Located in Saskatoon,...
Generali Weighs at Least $3.3B in Mid-Sized Insurance, Asset Management M&A
Oct 3 2019 // Assicurazioni Generali SpA, Italy’s biggest insurer, may invest at least 3 billion euros ($3.3 billion) to grow through mid-size acquisitions in insurance and asset management, according to Chief Executive Officer...
Verisk to Acquire Property Data Provider, BuildFax, in Austin
Oct 3 2019 // Verisk, which provides data analytics services to the insurance, energy and specialized markets, and financial services industries, has signed a definitive agreement to acquire BuildFax, an Austin, Texas-based provider of...
AssuredPartners Acquires Tutton Insurance Services in California
Oct 2 2019 // AssuredPartners Inc. has acquired Tutton Insurance Services Inc. in Santa Ana, Calif. The team of 57 will remain under the operational leadership of owner Bill Tutton. Tutton Insurance Services provides commercial and...
Markel International Sells Brazilian Insurance Business to Executive Team
Oct 2 2019 // Markel International, the London-based specialist insurer and subsidiary of Markel Corp., announced that it has sold its insurance operations in Brazil to its existing executive team. Markel Seguradora do Brasil, S.A. is...
AmWINS Group to Acquire Stealth Partner Group in Arizona
Oct 2 2019 // AmWINS Group Inc. has signed a definitive agreement to acquire Scottsdale, Ariz.-based Stealth Partner Group. The deal is expected to close in the fourth quarter of 2019, pending regulatory approval and customary closing...
Arthur J. Gallagher & Co. Acquires U.K.’s Anthony Hodges Consulting Ltd.
Oct 2 2019 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Anthony Hodges Consulting Ltd. (AHC) in the United Kingdom. Terms of the transaction were not disclosed. Founded in 1996,...
Canada Insurer Intact Financial Corp. Completes Acquisition of On Side Restoration
Oct 2 2019 // Intact Financial Corp., the Toronto-based property and casualty insurer, announced it has completed the acquisition of On Side Developments Ltd., the parent company of On Side Restoration. With more than 1,200 employees...
American Family Insurance Closes Acquisition of Wisconsin’s Ameriprise Auto & Home
Oct 1 2019 // American Family Insurance Mutual Holding Co. (American Family Insurance) has completed its purchase of Wisconsin-based property/casualty insurer, Ameriprise Auto & Home (AAH). American Family Insurance is based in...
Texas Insurer Trade Group, Industry Partners Donating Alarms to Local Fire Departments
Oct 1 2019 // The Insurance Council of Texas (ICT), along with insurance industry partners First Alert, Travelers Insurance, State Farm Insurance, Hochheim Prairie and the Association of Fire & Casualty Companies in Texas, will...
World Insurance Associates Acquires Pennsylvania’s KPB Insurance Services
Oct 1 2019 // World Insurance Associates LLC (WIA) has acquired KPB Insurance Services Inc. of Warminster, Penn., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1982, KPB Insurance Services provides...
Arthur J. Gallagher to Acquire Michigan’s LSG Insurance Partners
Sep 30 2019 // Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Bloomfield Hills, Michigan-based LSG Insurance Partners. Founded in 1968, LSG Insurance is an independent insurance, risk management and consulting...
Risk Strategies Acquires New York’s Bedrick-Kaitz Agency
Sep 30 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Bedrick-Kaitz Agency Inc. (BKA), a New York City-based firm focused on helping high-net-worth individuals and...
Wholesale Broker H.W. Kaufman Buys U.K. MGA and Cyber Specialist Node International
Sep 30 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and...
Trump Signs Stopgap Funding for Government That Includes Flood Program
Sep 29 2019 // President Donald Trump has signed a continuing resolution that will avoid a federal government shutdown by funding the government at current levels until Nov. 21. The Republican-led Senate voted 82-15 in favor the...
AXA XL, Accenture Partner to Provide Cyber-Security Services to AXA XL Clients
Sep 26 2019 // AXA XL and Accenture are partnering to offer global cyber-security expertise to AXA XL’s underwriters, brokers and clients to strengthen their cyber capabilities and recover from cyber attacks. AXA XL — AXA’s...
