Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Optio Acquires Italian MGA Heca
Oct 9 2024 // Optio Group, the London-based specialty managing general agent, announced it has acquired a strategic investment in the Italian MGA, Heca S.r.l., for an undisclosed sum. Founded in 2010 in Ortona, the province of Chieti in...
Shin Kong Shareholders Approve Merger With Smaller Rival
Oct 9 2024 // Shin Kong Financial Holding Co. secured shareholder approval for its merger with Taishin Financial Holding Co., creating the fourth-biggest financial conglomerate in Taiwan. The results were announced Wednesday after both...
Hub Acquires Missouri’s AIG Agency
Oct 8 2024 // Hub International Limited (Hub) announced that it has acquired the assets of AIG Agency Inc. (d/b/a Associated Insurance Group). Terms of the transaction were not disclosed. Located in Maryland Heights, Missouri,...
Court Orders Start to Expose ‘Startling’ Data on Litigation Funding Sources
Oct 8 2024 // There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight has been found in individual jurisdictions that have rules to increase transparency,...
Inszone Acquires Schmoekel Insurance Agency in California
Oct 8 2024 // Inszone Insurance Services acquired Schmoekel Insurance Agency Inc. in Sacramento, California. Founded in 1948 by Max Schmoekel, Schmoekel Insurance Agency was initially known as a non-standard insurance agency,...
Bowen, Miclette & Britt Acquires Texas’ M Surety Services
Oct 7 2024 // Bowen, Miclette & Britt Insurance Agency, LLC (BMB) has completed the acquisition of M Surety Services, a provider of contract surety bonds. BMB said the acquisition further strengthens its position in the surety bond...
Clyde & Co: First-Half Carrier M&A Activity Falls to 15-Year Low
Oct 7 2024 // The first half of 2024 set a 15-year low for insurance carrier mergers and acquisitions, according to Clyde & Co’s latest Mid-Year Growth Report. The number of insurance carrier M&A transactions completed in...
Optio to Acquire Luxembourg-Based Film and Events MGA, Circles Group
Oct 4 2024 // Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval. The acquisition of Circles,...
FEMA Doesn’t Have Enough Funding to Last Through Hurricane Season, Mayorkas Warns
Oct 4 2024 // The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the hurricane season, Homeland Security Secretary Alejandro Mayorkas told reporters Wednesday. The agency...
Brown & Brown Acquires Minnesota’s The Canopy Group
Oct 3 2024 // Brown & Brown announced the acquisition of the assets of The Canopy Group, a a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. Based in Le...
McGriff Amps Up SE Benefits Offerings With Acquisition of Amity in Tampa
Oct 3 2024 // McGriff, a large retail insurance brokerage headquartered in Charlotte, announced it has acquired Amity Benefits, an employee benefits brokerage based in Tampa. Amity, founded in 2017, has specialized in the auto dealer...
AssuredPartners Acquires Halstead Agency of Massachusetts
Oct 3 2024 // Global insurance broker AssuredPartners announced it has acquired Halstead Insurance Agency, a Fitchburg, Massachusetts-based agency offering personal and commercial insurance. The Halstead team will remain under the...
UK Broker Kingfisher Insurance Acquires MIS Motorsport’s Commercial Business
Oct 3 2024 // Kingfisher Insurance Services Ltd., the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland. Financial details of the transaction were not disclosed. As...
Inszone Acquires Dan Davis Insurance Solutions in California
Oct 3 2024 // Inszone Insurance Services acquired Dan Davis Insurance Solutions in San Jose, California. Dan Davis Insurance Solutions is an insurance agency that specializes in serving the homeowner association board members, HOA...
Ryan Specialty Acquires Certain Assets of Indiana’s EverSports
Oct 2 2024 // Ryan Specialty announced that it has completed the acquisition of certain assets of EverSports & Entertainment Insurance, Inc. (EverSports) from the Everest Group, Ltd. group of companies. EverSports is a managing...
Crest Insurance Group Acquires Alliance Insurance Agency in Colorado
Oct 2 2024 // Crest Insurance Group acquired Alliance Insurance Agency LLC in Colorado. Crest’s Colorado operations center around its Denver hub and expand to Longmont and Fort Collins. The Alliance deal adds Arvada to the...
Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
Oct 1 2024 // Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was...
Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B
Sep 30 2024 // Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing. U.S. retail broker McGriff, an affiliate of private-equity backed TIH (formerly Truist...
Acquisition of UK’s Specialist Risk Group Completed by Warburg Pincus and Temasek
Sep 30 2024 // Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced that its acquisition by Warburg Pincus, a global growth investor, and Temasek, the Singapore-based investment company, has been...
Inszone Acquires ISU Francis-Pinney Insurance Services in California
Sep 30 2024 // Inszone Insurance Services acquired ISU Francis-Pinney Insurance Services Inc. in California. ISU Francis-Pinney Insurance Services evolved through several mergers, including All-Cal Insurance and the John A. Francis...
