Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Severe Weather Set to Boost US Disaster Funding Needs, FEMA Says
Aug 22 2023 // Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. Biden’s...
Gibson Acquires Brisk Advisors in Utah
Aug 21 2023 // Gibson has entered Utah through its acquisition of Brisk Advisors. The new Gibson Utah office is in Midvale. Brisk Advisors (formerly Insurance Network) has provided risk management and personal insurance solutions to...
Howden’s Aston Lark Ireland Agrees to Acquire Finance Solutions
Aug 21 2023 // Aston Lark Ireland, a Howden company, announced it has agreed terms to acquire Kegra Ltd., (trading as Finance Solutions), a Dublin-based mortgage broking specialist. Terms of the acquisition, which is subject to...
Oakbridge Acquires Georgia-based Cole Agency
Aug 21 2023 // Oakbridge Insurance Agency, one of the larger independent agencies in the country, has expanded again with the acquisition of the Cole Agency in Montezuma, Georgia. Cole has specialized in poultry insurance since 1989 but...
Agency M&A Down 24% in First Half 2023: OPTIS
Aug 21 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of the year was 359, down 24% from 475 during the same time last year. “The drop-off in...
Liberty Co. Brokers Secures $340M in Funding for Refinance, More Growth
Aug 18 2023 // Florida-based The Liberty Company, one of the largest property/casualty insurance brokers in the country, announced it had secured $340 million in loans to refinance debt and fuel new growth opportunities. The funding,...
World Acquires Wisconsin’s R&S
Aug 17 2023 // World Insurance Associates LLC announced that R&S Insurance Agency, Inc. (“R&S”) of Stoughton, Wisconsin has joined World as of August 1, 2023. Terms of the transaction were not disclosed. R&S has...
Specialist Risk Group Acquires UK’s Cheshire Insurance Brokers
Aug 17 2023 // Specialist Risk Group (SRG), the London-based insurance intermediary, has acquired Cheshire Insurance Brokers (CIB). Financial details of the transaction were not disclosed. Established in 2010 by Dominic Leach &...
More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance
Aug 17 2023 // Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the...
Towerstone Acquires Fortuna General Insurance Agency in California
Aug 17 2023 // Towerstone acquired Fortuna General Insurance in Simi Valley, California. The partnership allows the company to take advantage of Fortuna’s wide array of carrier and broker relationships and its expertise in the...
Risk Strategies Acquires Bisnett Insurance in Oregon
Aug 16 2023 // Risk Strategies acquired Bisnett Insurance in West Linn, Oregon. Bisnett Insurance offers commercial lines, personal lines and employee benefits products. The firm has operations in the Pacific Northwest including Oregon,...
Harford Mutual Completes Merger With Workers’ Compensation Writer ClearPath
Aug 16 2023 // Maryland-based commercial property/casualty insurer Harford Mutual Insurance Group announced that it has received final approval from the Maryland Insurance Administration of its merger with ClearPath Mutual Insurance Co.,...
Higginbotham Acquires Houston’s Iscential
Aug 15 2023 // Higginbotham has acquired Houston, Texas-based Iscential, an independent insurance agency, risk management and financial services firm and one of the largest writers of Nationwide property and casualty insurance in the...
$3 Billion BP Deepwater Horizon Settlement Funding Massive Ecosystem Restoration in Louisiana’s Plaquemines Parish
Aug 14 2023 // NEW ORLEANS (AP) – Nearly $3 billion in settlement money from the BP Deepwater Horizon disaster that devastated the Gulf Coast and killed hundreds of thousands of marine animals is now funding a massive ecosystem...
Global Insurance M&A Drops Sharply in First Half 2023
Aug 11 2023 // Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a new report has found. M&A were down 17% worldwide during the first half of 2023,...
NFP Buys Hafetz & Associates in New Jersey
Aug 10 2023 // NFP, a property-casualty insurance broker, benefits consultant and retirement advisor, has acquired Hafetz & Associates, based in Linwood, New Jersey. Hafetz is a general agent specializing in health benefits, work...
Inszone Expands in Texas With Acquisition of Speck Insurance
Aug 9 2023 // Inszone Insurance Services, a national provider of benefits, personal, and commercial lines insurance, announced the acquisition of Speck Insurance and Financial Services. Terms were not disclosed. The acquisition includes...
Arthur J. Gallagher Acquires Wigmore Insurance Agency in California
Aug 8 2023 // Arthur J. Gallagher & Co. acquired Costa Mesa, California-based Wigmore Insurance Agency Inc. Tim Wigmore and his team will remain in their current location under the direction of Scott Firestone, head of...
Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting
Aug 7 2023 // DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal...
Team One and Southwest Adjusters Announce Merger Backed by Longshore Capital Partners
Aug 7 2023 // Irving, TX., August 7, 2023 – Team One Adjusting Services (“Team One”), a provider of claims adjusting and claims management services, and Southwest Adjusters (“SWA”), a multi-line independent...
