Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Canada’s Axis Insurance Acquires P/C Broker Baker Insurance
Sep 27 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary. Financial details of the deal were not...
Inszone Acquires First West Insurance Agency in California
Sep 26 2024 // Inszone Insurance Services acquired First West Insurance Agency in Huntington Beach, California. Originally established in 1968 as Shearer Insurance, the firm merged in 1979 with First West Insurance Agency. Owners Phil...
Alera Group Acquires Louisiana’s Insurance Underwriters Ltd.
Sep 26 2024 // Alera Group announced the acquisition of Insurance Underwriters Ltd., a Louisiana-based insurance agency offering risk management and insurance solutions including business insurance, surety bonds, personal insurance and...
Xceedance Acquires Illinois’ Millennium Information Services
Sep 26 2024 // Xceedance announced it has acquired Millennium Information Services, a property inspection and data analytics company based in Chicago. With the acquisition, the Xceedance Americas team adds nearly 200 team members and a...
Ardonagh Marks Crucial Step Toward Completing A$2.3B Acquisition of Australia’s PSC
Sep 26 2024 // The Ardonagh Group, the London-based independent insurance distribution platform, announced that PSC Insurance Group Ltd.’s shareholders voted in favor of its proposed acquisition. The transaction, which is valued at...
Canada’s Axis Insurance Acquires Employee Benefits Specialist O’Neill Group
Sep 25 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced it has acquired the O’Neill Group, one of British Columbia’s premier employee group benefits, life insurance, and wealth...
Alkeme Cooks Up Acquisition of Surry Insurance in North Carolina
Sep 25 2024 // Alkeme, a large insurance brokerage based in California, announced the acquisition of Surry Insurance, one of the oldest insurance agencies in Nouth Carolina. Alkeme officials said in a statement that the move expands...
Highstreet Acquires Mitchell Agency in Florida
Sep 25 2024 // Michigan-based Highstreet Insurance Partners has acquired the Mitchell Agency, headquartered in Largo, Florida, near St. Petersburg. Highstreet said in a news release that the Florida agency and its eight employees will be...
A-G Specialty Expands With Acquisition of eSportsInsurance Brokerage
Sep 24 2024 // A-G Specialty Insurance, a brokerage specializing in coverage for niche industries, is expanding its reach in the amateur sports world with the acquisition of eSportsInsurance, based in Lilburn, Georgia. A-G Specialty,...
CAC Group Acquires Media Guarantors in California
Sep 23 2024 // CAC Group acquired Media Guarantors in Hollywood, California. Janet Comenos will assume the role of entertainment practice leader at CAC Group. Fred Milstein, president and CEO of Media Guarantors, will continue to lead...
Inszone Acquires Oklahoma’s Catalyst Benefits Group
Sep 19 2024 // Inszone Insurance Services announced the acquisition of Catalyst Benefits Group, LLC, an employee benefits insurance brokerage firm based in Tulsa, Oklahoma. This strategic merger further enhances Inszone’s footprint...
People Moves: Davis Joins MEMIC as Senior Underwriter; Davis Joins Alliant as Senior VP; Monte Joins Alliant M&A Team
Sep 18 2024 // Scott Davis,MEMIC The MEMIC Group, based in Portland, Maine, hired Scott Davis as a senior production underwriter overseeing the Virginia and District of Columbia territory. Davis, based in Virginia, joins MEMIC with over...
PCF Acquires Insurance Business of Top Insurance Associates in Washington
Sep 17 2024 // PCF Insurance Services acquired the insurance business of Top Insurance Associates in Snohomish, Washington. The Top Insurance Associates team will join PCF Insurance’s Fortiphi Insurance. Top Insurance Associates...
Maury, Donnelly & Parr Acquires Maryland’s Campion Agency
Sep 17 2024 // Baltimore-based Maury, Donnelly & Parr, Inc. (MDP) reported its acquisition of another Maryland insurance agency, Campion Insurance in Bel Air. MDP said the merger broadens its reach and service offerings across the...
Howden Buys Foresight in Japan, Names Gallagher’s Aibe as CEO of Japan Retail Unit
Sep 17 2024 // Howden, the London-based insurance intermediary group, announced its launch into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings Co. Ltd. Also...
Duffy Agency Acquires Neighboring Cowan Agency in Massachusetts
Sep 13 2024 // Duffy Insurance Agency, based in Lynn, Massachusetts, has acquired The Cowan Insurance Agency of Haverhill, also in Essex County. The Cowan agency, founded in 1938, is a fourth generation family business now led by...
Buffett’s Insurance Leader Ajit Jain Sells Large Part of Berkshire Stake
Sep 13 2024 // Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway BRKa.N, sold more than half of his Class A shares in the conglomerate this week. According to a Wednesday night regulatory...
Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B
Sep 12 2024 // Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company’s 120-year history. Sentry will pay $1.1...
Mastercard Agrees to Buy Cyber-Defense Firm for $2.65 Billion
Sep 12 2024 // Mastercard Inc. agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card company’s massive global-payments system. The purchase from private equity firm Insight...
Westfield Bank expands agency banking team through acquisition of top producers
Sep 12 2024 // Westfield Center, Ohio – September 5, 2024 – Westfield Bank has announced the addition of three new top producers to its agency banking business vertical. The new hires include Mike Strakhov, serving in the role of...
