Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Everest Insurance Buys Remaining Shares of Canadian IT Consulting Firm Salus Systems
Sep 26 2019 // Everest Insurance announced it has purchased all outstanding remaining shares of its joint venture partner, Victoria, Canada-based Salus Systems LLC. Financial details of the transaction were not disclosed. An IT...
World Insurance Associates Acquires Maryland’s American Insurance Marketing
Sep 25 2019 // World Insurance Associates LLC (WIA) acquired American Insurance Marketing Corp. (AIMC) of Prince Frederick, Md., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1976, AIMC provides quality...
Risk Strategies Acquires New York’s Pro Safety Services
Sep 25 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Pro Safety Services LLC, a provider of safety and loss control services to construction companies, builders and a range...
Broker Clements Worldwide Buys Dutch Financial Services Broker, The Financials
Sep 25 2019 // Clements Worldwide, a Washington, D.C.-based insurance broker for individuals and organizations who work across international borders, announced the acquisition of The Financials for an undisclosed amount. Amsterdam-based...
Iowa’s Holmes Murphy Acquires Global Captive Management
Sep 24 2019 // Waukee, Iowa-based Holmes Murphy, an employee-owned and controlled insurance brokerage, has expanded its footprint into the international space by acquiring Global Captive Management (GCM). GCM is no stranger to Holmes...
Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources
Sep 24 2019 // German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources...
The Liberty Company Insurance Brokers Partners with Northern California-based M.B. McGowan & Associates Insurance Agency
Sep 24 2019 // Los Angeles, CA, September 24th, 2019 — The Liberty Company Insurance Brokers announced today a partnership with M.B. McGowan & Associates of Novato, CA. M.B. McGowan & Associates is an independent insurance...
Hub Acquires Assets of Colorado-Based Inter-Mountain Retirement Partners
Sep 23 2019 // HUB International Ltd. has acquired the assets of Denver, Colo.-based Inter-Mountain Retirement Partners Inc. Terms of the deal were not disclosed. Chad J. Larsen, president and CEO Inter-Mountain, will join Hub...
Hub International Acquires Pennsylvania’s WhartonHill Advisors
Sep 23 2019 // Hub International Limited, a global insurance brokerage, has acquired certain assets of WhartonHill Retirement Services LLC, Strategic Planning Resources Inc. and Karen McCloskey, collectively doing business as WhartonHill...
Arthur J. Gallagher & Co. Acquires Pennsylvania’s Allied Insurance Brokers
Sep 23 2019 // Arthur J. Gallagher & Co. has acquired Pittsburgh, Penn.-based Allied Insurance Brokers and its subsidiary, Ascinsure Specialty Risk. Terms of the transaction were not disclosed. Founded in 1982, Allied Insurance...
C3 Risk & Insurance Services Acquiring Mission West in California
Sep 23 2019 // C3 Risk & Insurance Services has acquired Mission West Insurance, an Orange County, Calif.-based insurance brokerage. Terms of the deal were not disclosed. Mission West is an independent agency offering business,...
House OKs Government Stopgap Funding That Extends Flood Insurance Until Nov. 21
Sep 22 2019 // The Democratic-controlled House of Representatives last week passed a continuing resolution to extend federal government funding through Nov. 21 and avoid a government shutdown at the end of the month. The bipartisan vote...
Hub International Acquires New York’s EPIC Retirement Services Consulting
Sep 20 2019 // Hub International Limited, a global insurance brokerage, has acquired the assets of EPIC Retirement Services Consulting LLC. Terms of the transaction were not disclosed. Located in New York, N.Y., EPIC is an independent...
AXA Liabilities Managers Buys Non-Life Legacy Portfolio of Munich Re Malaysia
Sep 20 2019 // AXA Liabilities Managers announced it has completed the acquisition of the non-life legacy portfolio of Munich Re Malaysia (a branch of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in Munich). The...
JGS Insurance Acquires Maryland’s John Manougian Insurance Agency
Sep 19 2019 // Jacobson, Goldfarb & Scott Inc. (JGS Insurance) has acquired the John Manougian Insurance Agency (JMI) located in Silver Spring, Md. Following the acquisition, JMI Founder John Manougian will remain as a consultant,...
World Insurance Associates Acquires Rhode Island’s Bucci Insurance Group
Sep 19 2019 // World Insurance Associates LLC (WIA) acquired Bucci Insurance Group of West Warwick, R.I., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1981, Bucci Insurance Group serves the New England...
Hub International Acquires Assets of New York’s StoneStreet Pearl River
Sep 18 2019 // Hub International Limited (Hub), a global employee benefit and insurance brokerage firm, has acquired the assets of StoneStreet Pearl River LLC. Terms of the transaction were not disclosed. Based in Pearl River, N.Y., and...
As Legacy Acquisitions Boom, What Will Happen to Deal Pricing?
Sep 18 2019 // Activity in the legacy insurance market has boomed. However, as capital pours in, perhaps it is best to understand how pricing will develop in the space and whether increased capital will drive price deterioration. For a...
Louisiana Farm Program Receives More Funding for Flood Recovery
Sep 17 2019 // A Louisiana program aimed at helping farmers recover from extreme flooding events in 2016 has received an additional $10 million in grant awards, the Louisiana Department of Agriculture and Forestry announced. The...
CopperPoint Acquires Alaska National Insurance Company
Sep 17 2019 // CopperPoint Insurance Cos. has agreed to acquire Alaska National Corp. and its wholly owned subsidiary Alaska National Insurance Co., an Alaska-domiciled workers’ compensation and commercial insurance carrier. The...
