Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding
May 22 2023 // Chubb CEO Evan Greenberg says society and the business community need to start asking questions regarding the purpose of third-party litigation funding, a major contributor to increases in frequency and severity within...
Second Round of Insure Louisiana Incentive Program Canceled; Additional Funding Awaits
May 19 2023 // The second application period for the Insure Louisiana Incentive Program was canceled this week as the Louisiana Department of Insurance (LDI) waits on lawmakers to appropriate more funding for the program. The 30-year day...
Arthur J. Gallagher Subsidiary Acquires Dublin’s Allied Risk Management
May 18 2023 // Dublin-based Allied Risk Management has been acquired by Artex Risk Solutions Inc, a captive and alternative risk transfer solutions subsidiary of Arthur J. Gallagher & Co. Terms of the transaction were not disclosed....
ALKEME Acquires Infinity Insurance Group in Idaho
May 18 2023 // ALKEME acquired the Infinity Insurance Group in Idaho. Infinity Insurance is an insurance agency with offices in Post Falls. Infinity Insurance broke away from its parent company in 2010 and has focused on providing auto,...
World Insurance Associates Acquires Morris Insurance Group in Michigan
May 18 2023 // World Insurance Associates LLC acquired the business of Morris Insurance Group Inc. of Clinton Township and Rochester, Michigan Morris is an insurance agency providing personal insurance, commercial insurance and health...
Risk Strategies Acquires Combined Underwriters of Miami
May 17 2023 // Risk Strategies, a specialty insurance brokerage with national reach, has acquired Combined Underwriters of Miami, an independent agency that offers commercial and personal insurance and benefits products in south...
Acrisure Acquires Portuguese Broker Universalis
May 17 2023 // Acrisure, the Grand Rapids, Mich.-based insurance broker and fintech specialist, announced it has signed an agreement to acquire one of Portugal’s leading insurance brokers, Universalis (trademark of Corpos –...
Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round
May 17 2023 // Wefox Holding AG, an insurance-technology firm based in Berlin, raised $110 million to build a platform that will make its technology available to other insurers. JPMorgan Chase & Co. and Barclays Plc provided half the...
Specialist Risk Group Acquires UK Specialist Broker TLO Risk Services
May 17 2023 // Specialist Risk Group (SRG), the London-based insurance broker, has acquired TLO Risk Services, the professional risk specialist broker, which will play an integral role in the development of SRG’s professional lines...
Arthur J. Gallagher Acquires RHP General Agency in Texas
May 17 2023 // Arthur J. Gallagher & Co. subsidiary Risk Placement Services Inc. acquired Houston, Texas-based RHP General Agency Inc. Greg Vanek and his team will remain in their current location under the direction of Russell...
Property Insurer SageSure Turns ‘Unicorn’ After $250M Funding Round
May 16 2023 // SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar with the matter told Reuters. A unicorn is a startup that is valued at or above $1...
Arthur J. Gallagher & Co. Acquires Australia’s Mavco Insurance Group
May 16 2023 // Arthur J. Gallagher & Co. announced the acquisition of Perth, Western Australia-based Mavco Insurance Group. Terms of the transaction were not disclosed. Mavco is a general insurance broker and risk management firm...
Texas Windstorm Insurance Group Getting Update on Cat Funding for 2023 Season
May 15 2023 // The Texas Windstorm Insurance Association Board of Directors will meet at the Austin Marriott South on May 23 at 9 a.m. In addition to the TWIA board’s consideration of routine association updates, the board will...
Hylant Expands with Acquisition of Aegis Insurance in Georgia
May 11 2023 // Hylant, one of the largest privately held insurance brokerages, announced it has acquired Aegis Insurance Services Inc. of Alpharetta, Georgia, a broker and agency specializing in the moving and storage industry. Aegis,...
Insurtech Funding Up 38% Over Q4 2022: Gallagher Re
May 11 2023 // Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the...
Alliant Acquires Texas’ McAnally Wilkins
May 11 2023 // Alliant Insurance Services has acquired McAnally Wilkins, LLC, a leading provider of property and casualty (P&C) insurance solutions for the oil and gas service industry. Based in Odessa, Texas, McAnally Wilkins...
Alera Group Acquires Texas-Based Sheridan
May 10 2023 // Alera Group, a national insurance and wealth services firm, announced the acquisition of Austin, Texas-based Sheridan Insurance Group, a team of experienced professional liability specialists helping meet the insurance and...
Antitrust Enforcers Are Chilling Big Mergers
May 10 2023 // The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never making it past the boardroom as executives fear lengthy and expensive...
Gallagher Re: US Leads Insurtech Investments, Funding Continues Healthy Climb
May 10 2023 // Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the...
Surprising Truths About Mergers and Acquisitions in Insurance
May 10 2023 // This post is part of a series sponsored by AgentSync. Mergers and acquisitions (M&A) are always a hot topic in insurance. From small agencies hoping to get acquired, large agencies hoping to get larger, or carriers...
