Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Insurance Tech Firms Prima Solutions and Effisoft Complete Merger
Dec 18 2018 // Two French insurance technology firms, Prima Solutions and Effisoft, have merged. Effisoft is a Paris-based international group that designs software for insurance and reinsurance professionals. The group specializes in...
Hub International Acquires Assets of Apex Insurance Benefits in Idaho
Dec 17 2018 // Hub International Ltd. has acquired the assets of Apex Insurance Benefits LLC in Blackfoot, Idaho. Terms of the deal were not disclosed. Troy Goodwin, owner of Apex, will join Hub Mountain and report to Tara Tandrow,...
Premium Finance Firm National Partners to be Acquired by Digital Lender WebBank
Dec 17 2018 // Salt Lake City-based digital lender WebBank has agreed to acquire Denver-based National Partners, a national insurance premium finance company and subsidiary of MLF Financial Group. This is the first foray into insurance...
JLT Re Partners with Insurtech for Auto Insurance MGA Pact
Dec 17 2018 // Reinsurance broker JLT Re North America is partnering with Pact Insurance, a personal auto insurtech company, to develop digital insurance products for mobility risks. Pact is a managing general agency headquartered in San...
Connecticut Insurance Department Partnering with RiskGenius in Tech Pilot Program
Dec 14 2018 // The Connecticut Insurance Department is one of nine state insurance regulators participating in a pilot program to test a web-based platform that uses machine learning. The pilot states are partnering with RiskGenius, a...
Athens Insurance Agency of Tennessee Partners with United Benefit Advisors
Dec 14 2018 // United Benefit Advisors (UBA), a nationwide independent employee benefits advisory organization, has added Athens Insurance Agency as one of its partner agencies. Athens Insurance Agency provides affordable personal,...
Hub Acquires Assets of G.P. Barich Insurance Agency in California
Dec 13 2018 // Hub International Ltd. has acquired the assets of G.P. Barich Insurance Agency Inc. in Redlands, Calif. George Barich, president of Barich Insurance, will join Hub California and will report to Jim Jesser, executive vice...
The Hilb Group Acquires Massachusetts’ Mackintire Insurance Agency
Dec 13 2018 // The Hilb Group LLC (THG) has acquired Massachusetts-based Mackintire Insurance Agency Inc. The transaction became effective December 1, 2018. Mackintire is a commercial and personal lines retail insurance agency founded in...
Hub Acquires Assets of Pennsylvania’s Nolen Associates, Massachusetts’ Dadgar Insurance
Dec 13 2018 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Nolen Associates Inc. Terms of the transaction were not disclosed. Located in Springfield, Penn., Nolen Associates is a full-service...
Gallagher Bassett Acquires UK-Based Property Claims Management Services
Dec 13 2018 // Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Ltd. (PCMS). With origins dating...
Alera Group Acquires Ohio Employee Benefits Firm, Bailey & Company
Dec 12 2018 // Alera Group has acquired Bailey & Company, an employee benefits firm headquartered in Cincinnati, Ohio. Terms of the transaction were not disclosed. Bailey & Company specializes in a wide variety of employee...
Kaplansky Insurance Acquires Massachusetts’ Burak Insurance
Dec 12 2018 // Kaplansky Insurance, an independent, Needham, Mass.-based agency, has acquired Burak Insurance, located in Canton, Mass. The addition of Burak marks Kaplansky Insurance’s 31st overall acquisition and its fourth for...
Gallagher Buys IBS Re Singapore, 40% Stake in Indonesia’s IBS Insurance Broking
Dec 12 2018 // Arthur J. Gallagher & Co. announced it has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance...
Brit Partners with Schillings Critical Risk to Create Kidnap-for-Ransom Offering
Dec 12 2018 // Brit Ltd. announced it is partnering with Schillings Critical Risk to create a comprehensive kidnap-for-ransom offering. Extortion and kidnap for ransom are extreme and endemic risks for individuals and businesses...
The Hilb Group Acquires Huckaby & Associates of South Carolina
Dec 12 2018 // The Hilb Group, LLC (THG) has acquired South Carolina-based Huckaby & Associates, Inc. The transaction became effective Dec. 1, 2018. Founded in 1976, Huckaby provides a full range of property and casualty insurance...
Dallas’ RiskPro Global Partners Acquired by Risk Strategies
Dec 11 2018 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired RiskPro Global Partners, a full-service property/casualty and employee benefits firm headquartered in Dallas,...
Marsh & McLennan Agency Acquires Minnesota’s Otis-Magie Insurance Agency
Dec 11 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Otis-Magie Insurance Agency Inc., a privately owned independent agency headquartered in Duluth, Minnesota. Terms of the...
Bureaucratic Disputes, Funding Problems Hinder Search for 2nd Lion Air Black Box
Dec 11 2018 // Bureaucratic wrangling and funding problems have hampered the search for the cockpit voice recorder of a crashed Lion Air jet, prompting investigators to turn to the airline to foot the bill in a rare test of global norms...
Arthur J. Gallagher Acquires Chicago Captive Insurance Consultant
Dec 10 2018 // Arthur J. Gallagher & Co. has acquired Chicago-based Captive Insurance Company Design and Operations. Terms of the transaction were not disclosed. Formed in 2002 by Clarity Group Inc., Captive Insurance Company Design...
AssuredPartners Acquires AOPA Insurance Agency’s Aviation Book of Business
Dec 10 2018 // AssuredPartners Inc. has added the aviation book of business formerly owned by AOPA Insurance Agency Inc. into the AP Aerospace operations of AssuredPartners. AOPA is a Frederick, Md.-based aerospace specific association...
