Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires Wales-Based Adjusting Associates
Aug 5 2019 // Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett International Ltd., has acquired the assets of Llantrisant, Wales-based Adjusting Associates LLP. Terms of the...
AM Best Upgrades Credit Ratings of PartnerRe and Subsidiaries
Aug 5 2019 // AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” from “a+” of the operating subsidiaries of...
Risk Strategies Acquires New York City’s Reiff & Associates
Aug 2 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Reiff & Associates, a full service brokerage firm focused on risk and insurance for companies in the entertainment...
Arthur J. Gallagher Acquires Fullerton Health Corporate Services in Australia
Aug 2 2019 // Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett Services Inc., has acquired Fullerton Health Corporate Services from Fullerton Health Australia, which is part of...
Confie Acquires Non-Credit Union Member Insurance from Wescom in California
Aug 1 2019 // Confie has completed the acquisition of Wescom Insurance Services LLC’s non-credit union member insurance services. Confie acquired all of the non-credit union member insurance customers, while Wescom will retain all...
The Hilb Group Acquires Massachusetts’ Handy-Apple Valley
Aug 1 2019 // The Hilb Group LLC (THG) has acquired Massachusetts-based Handy-Apple Valley LLC (HAV). The transaction became effective July 1, 2019. Located in Worcester, Mass., HAV provides personal and commercial insurance. As a part...
World Insurance Associates Acquires West Coast Insurance, Combs Insurance of Florida
Aug 1 2019 // World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., has expanded its presence in Florida with the acquisitions of West Coast Insurance Group and Combs Insurance, effective...
WSS Acquires Klein & Costa Insurance Services in California
Jul 31 2019 // Western Security Surplus has acquired Klein & Costa Insurance Services in Santa Ana, Calif. Terms of the deal were not disclosed. K&C was founded in 1990 by Clarence Costa and Jim Klein. Costa will continue to lead...
Arch Capital to Acquire UK-Based Barbican Group Holdings
Jul 31 2019 // Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Ltd. from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The...
The Hilb Group Acquires Rhode Island’s Damiano Agency
Jul 31 2019 // The Hilb Group LLC (THG) has acquired Rhode Island-based Damiano Agency (DA). The transaction became effective July 1, 2019. For more than 30 years, DA has been delivering property and casualty insurance for businesses and...
Moody’s Acquisition Could Signal Shift in Pricing of Climate Risk: Viewpoint
Jul 31 2019 // The acquisition of California-based Four Twenty Seven, Inc., by Moody’s Corporation could signify the beginning of a major shift in how markets price risks related to climate change. Up until now, these risks largely...
Fortuna General Acquires Appleby and Sterling in Southern California
Jul 29 2019 // Fortuna General Insurance Agency has acquired Simi Valley, Calif.-based Appleby and Sterling. Appleby and Sterling’s Mike Maurer and Sue Fodor will be joining Fortuna as production underwriters. Terms of the deal...
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...
