Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
People Moves: Everest Promotes 2 Senior Leaders in Reinsurance Division; CFC Hires 2 for New Specialist Team Focused on M&A Tax Risks
Feb 23 2024 // This edition of International People Moves details appointments at re/insurer Everest Group and the managing general agent CFC. A summary of these new hires follows here. Everest Promotes 2 Senior Leaders in Reinsurance...
ALKEME Acquires Ferrante Insurance Services in California
Feb 23 2024 // ALKEME acquired Ferrante Insurance Services in Concord, California. Ferrante Insurance Services specializes in providing commercial risk services to contractors throughout California including general liability,...
Resilience Acquires Texas-Based BreachQuest
Feb 21 2024 // Resilience, a risk management firm, has strategically expanded its capabilities through the acquisition of BreachQuest, an incident response technology solution. This move is set against the backdrop of an evolving digital...
Inszone Insurance Services Acquires Frank Vitale Insurance Agency
Feb 21 2024 // Inszone Insurance Services acquired Frank Vitale Insurance Agency in Soquel, California. The agency’s primary focus has been on insuring the construction industry, offering specialized coverage such as worker’s...
King Insurance Acquires New Jersey’s Mehta Agency
Feb 21 2024 // Florida-based King Insurance Partners reports it has acquired Mehta Insurance Agency, located in Absecon, New Jersey. Mehta Insurance Agency’s offerings include business, flood and life insurance. Sunil Mehta said...
Insurtech Cake Completes $1.3M in Pre-Seed Funding
Feb 20 2024 // Cake, an insurtech based in Indianapolis, has announced the completion of a $1.3 million pre-seed funding round led by venture capital company Markd. Additional sponsors included 2ndF, Iridium Bloom LLC, 101 Weston Labs,...
Marsh McLennan Acquires 2 Louisiana Agencies
Feb 20 2024 // Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it signed agreements to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, doubling the...
Inszone Acquires Entertainment Specialist Truman Van Dyke in California
Feb 20 2024 // Inszone Insurance Services acquired entertainment insurance agency Truman Van Dyke Co. Truman Van Dyke was founded by Truman Van Dyke Sr. and Truman Van Dyke Jr. Van Dyke Sr. transitioned from a silent film actor to an...
Agency M&A Down 24% in 2023 but More Large Deals May Be Seen in 2024: OPTIS
Feb 19 2024 // There has been a somewhat return to normal when it comes to insurance agency mergers and acquisitions, with traditionally active buyers preferring to remain inactive to focus on integration of agencies they’ve...
‘New Normal’ in Agency M&A Landscape Experts Share 2024 Outlook for Independent Agencies
Feb 19 2024 // The number of announced insurance distribution mergers and acquisitions boomed in 2021 and 2022. Last year, the count plummeted to levels seen at the beginning of the decade. Insurance Journal recently interviewed four...
MCI Syndicate-in-a-Box Gets Lloyd’s Nod to Provide Clinical Trial Funding Insurance
Feb 16 2024 // Asta, through its third-party managing agency at Lloyd’s, announced the “in-principle” approval of a syndicate-in-a-box (SIAB) to deliver a breakthrough insurance product that aims to accelerate the...
Cyber Risk Management Specialist KYND Secures New Funding for Global Growth Plans
Feb 16 2024 // KYND, the London-based provider of cyber risk management solutions, has disclosed “a substantial investment” to propel expansion and further growth. The investment comes from Verisk, a leading global data...
Howden to Acquire Captive Manager ARM Group Holdings
Feb 15 2024 // Howden, the London-based insurance intermediary group, announced it has agreed to acquire ARM Group Holdings Ltd., the parent of Alternative Risk Management, one of the largest independent insurance managers in Europe and...
Arthur J. Gallagher & Co. Acquires London-Based Simply-Communicate Ltd.
Feb 13 2024 // Arthur J. Gallagher & Co. announced the acquisition of London-based The Wright Agency Ltd., doing business as Simply-Communicate Ltd. Terms of the transaction were not disclosed. Simply is a workplace communication...
Iceland Plans to Buy Out Homeowners in Volcano-Struck Town
Feb 13 2024 // Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months. Grindavik...
Owens Corning to Buy Tampa-based Masonite International for $3.9 Billion
Feb 9 2024 // (Reuters) – Owens Corning said on Friday it will buy door maker Masonite International for $3.9 billion in an all-cash deal, as it looks to beef up its home-building portfolio and expand its reach. Owens will acquire...
Inszone Acquires J.B. Martin Insurance Agencies in New Mexico
Feb 9 2024 // Inszone Insurance Services acquired J.B. Martin Insurance Agencies in Albuquerque, New Mexico. This acquisition bolsters Inszone’s presence in the Southwest. Since its establishment in 1981, John Bradley Martin and...
Construction Insurtech Shepherd in California Raises $13.5M in Series A Funding
Feb 9 2024 // San Francisco, California-based insurtech Shepherd announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark...
Fired ‘Mandalorian’ Actor Sues Disney With Funding From Elon Musk
Feb 8 2024 // Actor Gina Carano sued Walt Disney for wrongful termination from Star Wars series “The Mandalorian” in a lawsuit filed Feb 6 and backed by billionaire Elon Musk. Carano argued in the suit that she was fired in...
Kansas Banker Charged With Embezzling $47M to Buy Crypto
Feb 8 2024 // The former chief executive officer of a Kansas bank was charged with embezzling $47.1 million from the lender to buy cryptocurrency, as the tale of tiny Heartland Tri-State Bank and its failure unfolds. Shan Hanes, who led...
