Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher Acquires Louisiana Brokerage Gillis, Ellis & Baker
Jul 29 2019 // Arthur J. Gallagher & Co. today announced the acquisition of New Orleans, La.-based Gillis, Ellis & Baker Inc. Terms of the transaction were not disclosed. Founded in 1933, Gillis, Ellis & Baker is a commercial...
Arthur J. Gallagher & Co. Acquires Maryland’s The Novick Group
Jul 29 2019 // Arthur J. Gallagher & Co. has acquired Rockville, Md.-based The Novick Group Inc. Founded in 1987, The Novick Group is a retail property and casualty broker focused on providing insurance products and services to...
Nexus Buys Specialist Financial and Professional Lines MGA, Plus Risk Ltd.
Jul 29 2019 // Independent specialty managing general agent Nexus Group has acquired Plus Risk Ltd. (PRL), a London-based financial and professional lines MGA, providing management liability and niche professional indemnity...
Gaspar Insurance Acquires Elden Insurance in Southern California
Jul 26 2019 // Gaspar Insurance Services has acquired Elden Insurance Services Inc. in Canoga Park, Calif. Plans call for Elden Insurance owner Dennis Helio to retire. Elden Insurance offers commercial and personal insurance services,...
Risk Strategies Acquires Connecticut’s Gerard B. Tracy Associates
Jul 26 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has added to its employee benefits practice with the acquisition of Gerard B. Tracy Associates Inc. Based in Fairfield, Conn.,...
Schwab to Buy USAA Investment Management Firm’s Assets for $1.8 Billion
Jul 26 2019 // The Charles Schwab Corp. has agreed to acquire assets of USAA’s investment management company, including brokerage and managed portfolio accounts, for $1.8 billion in cash. The companies have also agreed to enter...
HDI Global Specialty Buys Specialist Swedish MGA, Svedea AB
Jul 25 2019 // HDI Global Specialty SE has strengthened its position in Sweden with the acquisition of alternative specialty lines managing general agent, Svedea AB. Svedea is one of the three largest insurers of yachts, motorcycles and...
Alera Group Acquires New Hampshire’s Landmark Benefits
Jul 24 2019 // Alera Group, a national independent insurance agency based in Deerfield, Ill., has acquired Landmark Benefits Inc., effective July 1, 2019. Landmark, located in Windham, N.H., is an employee benefits broker providing...
Insurance Agency Mergers Hit Near-Record in First Half 2019
Jul 24 2019 // There were 328 announced U.S. and Canadian insurance agency mergers and acquisitions during the first half of 2019, the second-highest six-month total, trailing only the first half of 2017 when 333 transactions were...
Legacy Acquisition Firm DARAG Buys UK Insurer, The Underwriter
Jul 22 2019 // DARAG Group Ltd., a Malta-based legacy acquirer, announced the acquisition of The Underwriter Insurance Co. Ltd., a UK-based insurer in run-off. The transaction will be completed through DARAG Deutsche Versicherungs-und...
Arthur J. Gallagher Acquires DPI Benefits in Kansas
Jul 19 2019 // Arthur J. Gallagher & Co. has acquired Manhattan, Kansas-based Darrell Phillips Inc., dba DPI Benefits. Terms of the transaction were not disclosed. Operating since 2008, DPI Benefits is an independent benefits broker...
Legacy Acquirer DARAG Purchases Book of Run-Off Business from UK’s One Re
Jul 18 2019 // DARAG Group Ltd., the Malta-based legacy acquirer, announced it has entered into agreement to buy a book of run-off business from One Re Ltd., a London-based non-life reinsurance company. The transaction will be conducted...
Florida’s AssuredPartners Acquires UK-Based Hettle Andrews
Jul 18 2019 // AssuredPartners Inc. has acquired Birmingham, England-based Hettle Andrews & Associates Ltd. The transaction is subject to customary approval by the Financial Conduct Authority and the deal terms have not been...
Nebraska Department Buys Extra Gear as Defense Against Firefighter Cancer Risks
Jul 17 2019 // The Omaha (Nebraska) Fire Department is buying backup protective gear for its firefighters, giving them a second line of personal defense against cancer risks. The familiar yellow fire-retardant coats, trousers and...
DOXA Insurance Holdings Acquires Chicago’s Financial Risk Solutions
Jul 17 2019 // DOXA Insurance Holdings LLC (DOXA), a privately held holding company based in Fort Wayne, Indiana, has acquired Financial Risk Solutions Inc., the Chicago-based parent of the Chill-Pro Insurance Program. The program...
Plymouth Rock Assurance to Acquire New Jersey’s Rider Insurance Company
Jul 17 2019 // Plymouth Rock Assurance has agreed to expand its investment in the motorcycle insurance segment with the acquisition of Rider Insurance Company, subject to regulatory approvals. A New Jersey-based motorcycle insurance...
Integrated Specialty Acquires Safebuilt in California and Its Affiliates
Jul 16 2019 // Integrated Specialty Coverages has acquired Carlsbad, Calif.-based Safebuilt Insurance Services and all of its affiliates. ISC is sponsored by an investment vehicle managed by Two Sigma’s Sightway Capital. Terms of...
The Hilb Group Acquires Pennsylvania’s Greenwald Berk Agency
Jul 16 2019 // The Hilb Group LLC (THG) has acquired Pennsylvania-based Greenwald Berk Agency LLC (GBA). The transaction became effective July 1, 2019. GBA offers a full spectrum of business insurance, personal insurance and life/health...
Brown & Brown Metro Acquires Assets of New Jersey’s Innovative Risk Solutions
Jul 16 2019 // Brown & Brown Metro LLC has acquired substantially all of the assets of Innovative Risk Solutions Inc. Innovative Risk Solutions was founded in 2004 by sole shareholder Sean Gormley with the goal of providing employee...
Virtus Acquires Cobbs Allen’s Kansas City Employee Benefits Unit
Jul 15 2019 // Insurance brokerage, Virtus, has acquired Cobbs Allen’s Kansas City employee benefits practice. This acquisition supplements Virtus’ Kansas City presence and adds depth and expertise to its employee benefits...
