Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Ardonagh Advisory to Buy HNW Broker Stanhope Cooper, MGA Renovation Underwriting
Apr 25 2023 // Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced, it has agreed to acquire a majority shareholding in leading High Net Worth (HNW) broker Stanhope Cooper and managing general agent Renovation...
Fairfax Financial’s Ratings Unaffected by Move to Buy Gulf Insurance Group: DBRS
Apr 24 2023 // Toronto-based Fairfax Financial Holdings Ltd.’s ratings are unaffected following last week’s announcement it has entered into a definitive agreement to acquire an additional 46.32% of Gulf Insurance Group (GIG)...
Risk Strategies Acquires JW Surety Bonds of Pennsylvania
Apr 24 2023 // National specialty insurance broker Risk Strategies announced its acquisition of JW Surety Bonds, a large volume bond producer, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bonds Associates,...
Howden Builds War Chest for Investments of More Than £1B; Blanc Named Head of M&A
Apr 24 2023 // Howden Group Holdings announced it has successfully raised more than £875 million ($1.1 billion) across both debt and equity, with total cash and facilities available for investment in M&A, new initiatives and talent...
Paramount Directors Agree to $168 Million Settlement Over Merger
Apr 24 2023 // Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the entertainment company, according to a...
World Insurance Company Pensionmark Acquiring Xponential in California
Apr 21 2023 // Pensionmark acquired Xponential Growth Solutions in San Diego, California. Terms of the deal were not disclosed. XGS is a retirement benefits consultant. Pensionmark is a World Insurance Associates LLC company. Pensionmark...
INSHUR Acquires U.S. Transportation Agency ABI; Raises $26 Million
Apr 21 2023 // INSHUR, a global on-demand insurance provider, has acquired American Business Insurance Services in order to expand its operations across the U.S. The company also reported that it completed a capital raise of $26 million,...
Argo Group Shareholders Approve Merger With Brookfield Reinsurance
Apr 21 2023 // Argo Group International Holdings Ltd. announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. to acquire Argo in an all-cash transaction valued at approximately $1.1 billion. The...
Lukoil Buys Into AIG’s Former Russian Subsidiary
Apr 20 2023 // Russia’s second-largest oil producer Lukoil has bought into insurance company GARDIA, a former subsidiary of AIG, one of the world’s biggest commercial insurers, GARDIA said earlier this week. (Editor’s...
BMS to Acquire Australian Broker Western United Financial Services
Apr 20 2023 // BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have...
Sedgwick Acquires Appraisal Service in Mississippi
Apr 20 2023 // Sedgwick, the global benefits, risk management and claims management firm, has acquired Appraisal Service of Mississippi Inc., an auto and property valuation firm. The move further expands Sedgwick’s presence in auto...
Hub Acquires Brady Risk Management of New York
Apr 20 2023 // Global insurance broker Hub International Limited reported that it has acquired the assets of Brady Risk Management, Inc. of Huntington, New York. Brady Risk is a risk management, risk transfer and insurance firm that...
TWIA to Maintain $4.6B Total Funding for 2023 Storm Season
Apr 19 2023 // The Texas Windstorm Insurance Association (TIWA) Board of Directors on Tuesday elected to forego additional reinsurance beyond the $2.24 billion it selected in January, bringing the insurer of last resort’s total...
Canada’s Desjardins Is Seeking Property/Casualty Insurance Acquisitions
Apr 19 2023 // Canada’s Desjardins Group is seeking acquisitions in the property and casualty (P/C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told Reuters on Tuesday. Cormier said the...
Capitola in California Secures $15.6M in Funding Round Led by Munich Re Ventures
Apr 18 2023 // Capitola in California has raised $15.6 million in its Series A funding round led by Munich Re Ventures. The firm reports this round will be used to grow Capitola’s platform with an emphasis on its market...
Inszone Acquires Houston’s Champions Insurance Group
Apr 17 2023 // Inszone Insurance Services, a national provider of benefits, personal, and commercial lines insurance, announced the acquisition of Champions Insurance Group, an agency with a decade-long track record in the Houston...
Hub Acquires Weiss-Schantz Agency in Pennsylvania
Apr 14 2023 // Global insurance broker Hub International Limited reports it has acquired the assets of Weiss-Schantz Agency in Pennsylvania. Located in Lehigh Valley and serving eastern Pennsylvania, Weiss Schantz is an independent...
UK Broker Clear Group Acquires Irish Broker MBC Insurance
Apr 13 2023 // The Clear Group, the London-based independent broker, announced the acquisition of Irish commercial broker McAuliffe Barry & Collins Ltd., which trades as MBC Insurance and Techinsure.ie. Clear has acquired 100% of MBC...
World Insurance Acquires TJ Woods Agency in Massachusetts
Apr 13 2023 // Insurance broker World Insurance Associates reports that it has acquired the business of Thomas J. Woods Insurance Agency, Inc. of Worcester, Massachusetts. TJ Woods was founded in 1949, and is a property/casualty agency,...
NFP Acquires UK Broker Gravity Risk Services
Apr 12 2023 // NFP, a New York City-based property/casualty broker, announced it has acquired Gravity Risk Services Ltd., an insurance broker based in the West Midlands, England. Financial terms of the deal were not disclosed. NFP will...
