Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Draycott Named CEO of Ed Broking in Preparation for BGC Partners’ Purchase
Dec 10 2018 // Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Andrew Draycott as CEO-designate of Ed Broking in London. His appointment is subject to regulatory approvals and he will take...
Gallagher Buys Boston Marks Group with Offices in N. Zealand, Australia, UK & U.S.
Dec 10 2018 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, has acquired Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers...
Haven Holdings Completes Acquisition of Wisconsin’s Time Insurance
Dec 7 2018 // San Juan, Puerto Rico-based Haven Holdings Inc. (Haven Holdings) has completed its acquisition of Wisconsin-based Time Insurance Co. from Interfinancial Inc., a wholly-owned subsidiary of Assurant Inc., the company...
Brown & Brown Acquires Texas’ Dealer Associates Inc.
Dec 7 2018 // Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all assets of Arlington, Texas-based Dealer Associates Inc. (DAI), the company reported. Since 1990, DAI has provided a...
JP Griffin Group in Arizona Partners with United Benefit Advisors
Dec 7 2018 // United Benefit Advisors has added JP Griffin Group to its family of partners. Scottsdale, Ariz.-based JP Griffin Group is a national employee benefit consulting firm specializing in the design, implementation and...
Gallagher Acquires UK Commercial Broker Pavey Group
Dec 7 2018 // Global insurance broker Gallagher has acquired commercial insurance broker Pavey Group Holdings in the southwest UK. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey Group was...
Chris Black Insurance Partners with Florida-Based Insurance Seguros of America
Dec 7 2018 // Chris Black Insurance, a Lutz, Fla.-based independent insurance firm, has partnered with Insurance Seguros of America Ricketts, located in Wesley Chapel, Fla. The transaction was finalized on October 10, 2018. Founded in...
Congress to Extend Government Funding, Including Flood Program, Until Dec. 21
Dec 6 2018 // The House of Representatives today approved a two-week government spending bill and sent it to the Senate, which is expected to go along. The measure would prevent a partial government shutdown by authorizing funding until...
AssuredPartners Acquires Ohio’s Carriage Insurance Agency
Dec 6 2018 // AssuredPartners Inc. has acquired Carriage Insurance Agency Inc. located in Hudson, Ohio. Carriage Insurance is a general insurance agency who will continue to operate under the leadership of Bill Landess. In operation in...
Program Offering to Buy Out Louisiana Homeowners in Floodways
Dec 5 2018 // Louisiana program helping people affected by the 2016 floods is offering buyouts to those living in especially hazardous areas, state officials said. Restore Louisiana officials said that homeowners in floodways can...
