Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business
Apr 15 2019 // Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed. Upon closing,...
Insurance Agency Merger Count Held Steady in Q1: Optis
Apr 15 2019 // There were 151 announced insurance agency mergers and acquisitions during the first quarter of 2019, according to Optis Partners. That was one more deal than was announced in the first quarter of 2018. The data tracked by...
Canada Insurer The Co-operators Buys Robinson & Associates Insurance Brokers
Apr 12 2019 // Canadian insurer The Co-operators announced it has purchased Robinson & Associates Insurance Brokers in Niagara Falls and Ridgeway, Ontario. Financial details of the deal were not disclosed. The brokerage’s...
Baldwin Krystyn Sherman Partners Acquires Florida’s Lykes Insurance
Apr 11 2019 // Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has acquired Florida-based, independent firm Lykes Insurance Inc. BKS-Partners currently...
Applied Systems Acquires Agency CRM System TechCanary
Apr 10 2019 // Agency technology firm Applied Systems said it has acquired TechCanary, an insurance customer relationship management (CRM) system built on the Salesforce.com platform. Terms were not disclosed. Applied Systems said...
Cross Insurance Partners with Connecticut’s DiMatteo Insurance
Apr 10 2019 // Cross Insurance, a subsidiary of Cross Financial Corp. based in Bangor, Maine, has partnered with DiMatteo Insurance of Shelton, Conn. The DiMatteo family-owned agency handles all lines of business including employee...
The Hilb Group Acquires Connecticut’s eBenefits Group Northeast
Apr 10 2019 // The Hilb Group LLC (THG) has acquired Unionville, Conn.-based eBenefits Group Northeast LLC. The transaction became effective April 1, 2019. eBenefits is a full-service employee benefits firm providing services to...
Arthur J. Gallagher Completes Acquisition of UK Specialist Broker Stackhouse Poland
Apr 9 2019 // Arthur J. Gallagher & Co. announced it has completed its acquisition of UK specialist insurance broker Stackhouse Poland Group Ltd., which was first announced in January 2019. Financial details of the deal were not...
Baldwin Krystyn Sherman Partners Acquires Lykes Insurance of Florida
Apr 9 2019 // Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has acquired Florida-based, independent firm, Lykes Insurance. The partnership finalized on...
Hub International Acquires Assets of Minnesota’s Corey Steinbach Insurance Agency
Apr 5 2019 // Chicago-based global insurance broker, Hub International Limited (Hub), has acquired the assets of Corey Steinbach Insurance Agency LLC (Corey Steinbach Insurance) in Felton, Minnesota. Terms of the transaction were not...
Arthur J. Gallagher Acquires Canada’s Keyser Benefits Corp.
Apr 5 2019 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Canadian broker Keyser Benefits Corp. Terms of the transaction were not disclosed. With roots dating back more than 45...
Hub International Acquires Assets of Mississippi-Based M.B.I. Group
Apr 5 2019 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of M.B.I. Group, LLC. Terms of the transaction were not disclosed. M.B.I. Group is an independent insurance firm based in Flowood,...
Gramercy Risk Holdings Acquires New York’s Executive Insurance Company
Apr 4 2019 // Gramercy Risk Holdings LLC, a Uniondale, N.Y.-based insurance holding company, has acquired Executive Insurance Company, a New York-domiciled admitted insurance company. Following the acquisition, Executive will be renamed...
Hub International Acquires Assets of Illinois’ Premiere Risk Management
Apr 4 2019 // Chicago-based global insurance broker, Hub International Limited (Hub), has acquired the assets of Premiere Risk Management (PRM). Terms of the transaction were not disclosed. Located in the Chicagoland area, PRM is a...
SageSure, IMF Partner on Texas Coastal Homeowners Insurance Product
Apr 3 2019 // Residential property managing general underwriter, SageSure Insurance Managers has partnered with Independent Mutual Fire Insurance Company (IMF) on a homeowners product in Texas, with plans to expand to additional coastal...
UK Specialty MGA Nexus Buys an MGA and a Broker – All in One Day
Apr 3 2019 // UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker. On...
3 Major Automakers Partner to Develop Autonomous Vehicle Safety Standards, Testing
Apr 3 2019 // Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could eventually help create regulations in the United States. General Motors Co., Ford...
Arch Insurance (UK) Ltd. Acquires UK MGA Axiom Underwriting
Apr 3 2019 // Arch Insurance (UK) Ltd., part of Bermuda-based Arch Insurance International, has completed the acquisition of UK managing general agency Axiom Underwriting, having initially purchased a 60 percent share of the business in...
Hub International Acquires Canada Broker Del Fisher Insurance
Apr 3 2019 // Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired Del Fisher Insurance Inc. Terms of the transaction were not disclosed. Based in Calgary, Alberta, Canada, Del Fisher Insurance is...
American Family Insurance to Acquire Ameriprise Auto & Home for $1 Billion
Apr 3 2019 // Ameriprise Financial is selling its Ameriprise Auto & Home (AAH) division to a subsidiary of Madison, Wisconsin-based American Family Insurance Mutual Holding Co. (American Family Insurance), the companies...
