Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
BNP Paribas to Acquire Fosun’s Stake in Belgian Insurer Ageas
Apr 15 2024 // BNP Paribas, the euro zone’s biggest bank, has agreed to buy a 9% stake in Ageas from China’s Fosun Group for about 730 million euros ($780 million), making it the biggest shareholder in the Belgian...
World Insurance Associates Acquires InterWeb Insurance in Arizona
Apr 15 2024 // World Insurance Associates LLC acquired the business of InterWeb Insurance in Lake Havasu City, Arizona. InterWeb was founded in 2008 and primarily provides commercial insurance, focusing on errors & omissions coverage...
R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss”
Apr 12 2024 // R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it has agreed to sell its stake in a joint venture with Obra...
People Moves: Rosensaft Joins Alliant M&A; McDougald Is President of Victor Specialty
Apr 12 2024 // Rosensaft Joins Alliant Insurance Services as Managing Director Jodi Rosensaft joined Alliant Insurance Services, headquartered in Irvine, California, as managing director, advisory leader – representation and warranties...
Alera Group Acquires Texas-Based HealthSure
Apr 11 2024 // Alera Group, a national insurance and financial services firm, announced today the acquisition of Texas-based HealthSure. Founded in 1998 by Barry Couch, HealthSure serves rural healthcare organizations as an independent...
Alliant Insurance Services Acquires Vinsa Insurance Associates in California
Apr 11 2024 // Alliant Insurance Services acquired Vinsa Insurance Associates within its Alliant Public Entity division, expanding its footprint in California. Based in Lancaster, California, Vinsa is an independent property/casualty...
King Partners Buys Vero Beach-based Prestige Insurance
Apr 9 2024 // King Insurance Partners, the Gainesville, Florida-based brokerage, has continued its steady pace of expansion with the acquisition of Prestige Insurance, with offices in Vero Beach. Michele Anania is principal of the...
Alliant Insurance Services Acquires Captive Program Manager POPIC
Apr 9 2024 // Alliant Insurance Services, the Irving, California-based insurance broker, has acquired Property Owners Protection Insurance Co. (POPIC), a national captive program manager that serves owners and managers of multifamily...
Descartes Labs Acquires Geosite in California
Apr 9 2024 // Descartes Labs acquired all of the operating assets of Geosite, a Palo Alto, Califorina-based SaaS provider of geospatial intelligence to property/casualty insurance companies. Rachel Olney, CEO of Geosite, will be leading...
Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses
Apr 5 2024 // Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses...
Applied Surety Underwriters Buys Majority of Argo’s In-Force Coal, Oil, Gas, Mining Biz
Apr 5 2024 // Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk division, announced it will acquire the majority of Argo Surety group’s in-force coal, oil, gas, and mining business. ASU...
Hub International Acquires Pollock Insurance in Washington
Apr 5 2024 // Hub International Ltd. acquired the assets of Pollock Insurance Inc. Andrea Pollock Wood, the firm’s owner, and the Pollock Insurance team, will join Hub Northwest. Pollock Insurance will be referred to as Pollock...
People Moves: Leif Assurance Hires Galvan as Commercial Lines Account Manager; Applied Underwriters Names Holtmeier VP, Strategic Development, for M&A and Partnership Alliances
Apr 4 2024 // Leif Assurance Hires Galvan as Commercial Lines Account Manager Leif Assurance, headquartered in St. Louis, hired Mayra Galvan as commercial lines account manager. Galvan is responsible for managing clients’ renewal...
Brown & Brown Buys Citrus/CHAPP Agency in Florida
Apr 4 2024 // Brown & Brown Inc., the sprawling U.S. insurance brokerage based in Daytona Beach, has acquired Citrus Insurance and its affiliate, CHAPP Inc., which secures workers’ compensation coverage for citrus growers in...
UK’s Ardonagh Advisory Completes Acquisition of Westfield Brokers
Apr 3 2024 // Ardonagh Advisory, the London-based SME broking platform and part of Ardonagh Group, has completed its acquisition of Westfield Brokers Ltd. Financial details of the deal, which was first announced in December 2023, were...
Howden to Acquire French Broker OFRACAR
Apr 3 2024 // Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and...
PCF Insurance Acquires Alabama’s MK Insurance Agency
Apr 3 2024 // PCF Insurance Services, a brokerage operating in 40 states, has acquired Hoover, Alabama-based MK Insurance Group, a family owned commercial and personal lines agency in business for six decades. MK Insurance has...
PE Firm Brera Partners Buys 70% of Shares in Italian Broker GBSAPRI Group
Apr 3 2024 // Brera Partners, a Zurich-based private equity firm specializing in investments in the asset-light financial services sector, announced it has acquired 70% of the shares in Italian insurance broker GBSAPRI Group, with the...
Jensten Acquires UK Specialist Broker Henry Seymour & Co.
Apr 2 2024 // Jensten, the London-based independent insurance broking group, announced the acquisition of Henry Seymour & Co. The deal, which is subject to regulatory approval, will introduce to the business a team of 22...
IPFS Acquires Texas’ Stonemark
Apr 2 2024 // Imperial PFS (IPFS) has acquired Stonemark, Inc., a privately held premium finance organization. The transaction closed on April 1, 2024. Frisco, Texas-based Stonemark’s existing client base of over 4,000 agencies,...
