Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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,...
AJG Acquires Florida’s Specialty Risk Management Agency
Apr 2 2024 // The global insurance brokerage Arthur J. Gallagher has acquired Fort Myers-based Specialty Risk Management Services and its affiliate agency, Private Client Insurance Services, the broker announced Monday. Specialty Risk...
NFP Acquires Buffalo Broker SDN From Five Star Bank
Apr 2 2024 // Global insurance broker NFP announced it has acquired the assets of SDN Insurance Agency (SDN). SDN handles property/casualty insurance as well as employee benefits, surety and life insurance in the the Buffalo, New York...
Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger
Apr 1 2024 // Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district...
M&A Due Diligence: Understanding the Issues and Solutions to the Pitfalls
Apr 1 2024 // Mergers and acquisitions in the insurance industry continue steadily despite a slowdown due to COVID-19 and higher interest rates. After the price and terms are negotiated and a Letter of Intent (LOI) is executed, then it...
Institutional Investor GIC Finalizes Acquisition of Insurance Broker Miller
Mar 28 2024 // Miller, the London-based independent specialist re/insurance broker, announced that GIC, Singapore’s sovereign wealth fund, has completed the acquisition of Cinven’s shares in Miller. GIC and private equity...
Canada’s Desjardins Acquires Insurance Company of Prince Edward Island
Mar 27 2024 // Canada-based Desjardins, through its subsidiary Desjardins General Insurance Group Inc., and ICPEI Holdings Inc. announced they have entered into definitive agreements for Desjardins to indirectly acquire all of...
Plummer Acquires Nebraska’s Classic One
Mar 25 2024 // Plummer Insurance, Inc. announced the acquisition of Classic One Insurance from Riverstone Bank, effective March 15, 2024. Plummer Insurance was established in 1984 by Steve and Helen Plummer. The agency currently has nine...
FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny
Mar 21 2024 // Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to draft guidance the agency released Thursday. The...
Risk Strategies Acquires North American Units of H.W. International
Mar 21 2024 // Global specialty brokerage Risk Strategies reported that it has acquired the U.S. and Canadian operating entities of global insurance holding company, H.W. International B.V. Based in New York City, Hugh Wood Inc. (U.S.)...
Alkeme Acquires New Jersey’s Wharton Lyon & Lyon Agency
Mar 20 2024 // California-based insurance broker Alkeme reported the acquisition of Wharton Lyon & Lyon, a retail insurance agency headquartered in Livingston, New Jersey. Founded in 1912, Wharton Lyon & Lyon is a...
UK’s Ardonagh to Acquire Independent Italian Insurance Broker Mediass
Mar 20 2024 // The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Mediass, an independent Italian insurance broker company. Financial details of the deal were not...
Tokio Marine Has $10 Billion for Potential Acquisitions: Executive
Mar 20 2024 // Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese insurer’s expanding international business...
Brawner Acquires Missouri’s Armstrong
Mar 13 2024 // Brawner Insurance Agency recently acquired Armstrong Insurance, a four-year-old agency serving Northeast Missouri. Brawner Insurance owner Jared Brawner will continue to serve as president and hired Jake Bunker as Sales...
Brown & Brown Acquires Assets of Northeast Dealer Services Firm, DealerMax
Mar 13 2024 // Insurance agency Brown & Brown announced that its dealer services division has acquired the assets of DealerMax. DealerMax, founded in 1982 by Jim Maxim, Sr. as Maxim Automotive, serves car dealer customers in...
Novatae Acquires UK-Based Broker Bretton Woods International
Mar 13 2024 // Novatae Risk Group announced that it acquired the Lloyd’s broker Bretton Woods International (BWI) of London. The transaction is subject to applicable regulatory approval and is expected to close before the end of...
Amynta Group Completes Acquisition of Canadian MGU, Sutton Special Risk
Mar 12 2024 // Amynta Group, the New York-based insurance services provider, announced the completion of the previously announced acquisition of Sutton Special Risk Inc., a managing general underwriter (MGU) of specialty insurance and...
Generali CEO Says Insurer Has Financial Strength for M&A Deals
Mar 12 2024 // Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according to Chief Executive Officer Philippe Donnet. “We are considering very...
HUB Acquires Assets of Bolds Risk & Insurance Services in California
Mar 12 2024 // Hub International Ltd. acquired the assets of Bolds Risk & Insurance Services in Larkspur, California. Ron Bolds, president of Bolds Risk, and the Bolds Risk team will join Hub Central and Northern California in the...
Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger
Mar 11 2024 // Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district...
