Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Broker Verlingue Expands UK Footprint With Acquisition of Brunsdon Employee Benefits
Aug 4 2023 // Verlingue has announced the acquisition of Gloucester, England-based Brunsdon Employee Benefits, an independently owned employee benefits specialist. The deal, subject to regulatory approval, supports Verlingue’s...
Valent Group Acquires Coastal Professional Insurance in Alabama
Aug 4 2023 // Birmingham-based Valent Group, an insurance brokerage and risk management firm, has acquired Coastal Professional Insurance Inc., an independent agency in Mobile, Alabama. Coastal, or CPI, has been in the business for...
Acturis Enters U.S. Market with Acquisition of Broker Buddha
Aug 4 2023 // After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York...
Car App Jerry in California Gets $110M in Funding, Adds Services
Aug 3 2023 // Smart-car app maker Jerry received an additional $110 million in equity and debt financing to add its services designed to enable vehicle owners “manage all things car.” The Palo Alto, California-based company...
NR West Acquires Texas’ Foster Benefit Resources
Aug 2 2023 // NR West, the parent company of The Insurance Exchange, a premier Dallas-based General Agency, announced that it has completed its acquisition of Foster Benefit Resources, a full-service General Agency specializing in fully...
Marsh McLennan Agency Acquires Graham Company
Aug 2 2023 // Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy and one of the top independent insurance and employee benefits brokers in the...
