Mergers & Acquisitions - Latest Insurance News

Gallagher’s Pen Underwriting Acquires Norwegian MGA Fender Marine AS

Jul 6 2023 // Arthur J. Gallagher & Co. announced that its UK-based specialist underwriting subsidiary Pen Underwriting has acquired Norwegian managing general agent (MGA) Fender Marine AS. Terms of the transaction were not...

BMS Group Acquires Australia’s Bluebook Insurance Brokers

Jul 5 2023 // BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire Brisbane-based specialty broker Bluebook Insurance Brokers. The deal is the sixth Australian acquisition by...

Risk Strategies Acquires Ohio’s First Insurance Group

Jul 3 2023 // Risk Strategies and Premier Financial Corporation announced that Risk Strategies has acquired Ohio-based First Insurance Group from Premier Financial Corp., (Nasdaq: PFC), a community banking and financial services holding...

Guy Carpenter Completes Acquisition of Re Solutions in Israel

Jul 3 2023 // Guy Carpenter, the reinsurance business of Marsh McLennan, announced it had completed its previously announced acquisition of Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction...

Definity’s McDougall Insurance Brokers to Acquire Canada’s Drayden Insurance

Jun 30 2023 // McDougall Insurance Brokers Ltd., the Belleville, Ontario-based subsidiary of Definity Financial Corp., announced it has entered into a definitive agreement to acquire 100% of Drayden Insurance Ltd. for C$208 million...

The New M&A Rules That Would Delay Million-Dollar Deals

Jun 29 2023 // The US antitrust agencies are requiring firms to turn over much more information about their transactions than before in an overhaul to merger rules that could delay deals by months. The revamp of the so-called...

HK-Based Virtual Insurer OneDegree Raises $27M in Fresh Funding Round

Jun 29 2023 // OneDegree Hong Kong Ltd., a virtual insurance firm, raised $27 million in a fresh funding round to fuel an Asia expansion and investments in artificial intelligence. The company attracted fresh cash from global financial...

NFP Acquires Presidio Financial Services in California

Jun 28 2023 // NFP acquired Presidio Financial Services Corp. in Westlake Village, California. Presidio is an independent insurance brokerage that provides products tailored for physicians, doctors, healthcare facilities and healthcare...

FIGA Sells Muni Bonds to Keep Up with Insolvent Insurer Claims

Jun 27 2023 // The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is the first time in...

World Insurance Acquires The Mogil Organization of New York City

Jun 23 2023 // World Insurance Associates announced that it acquired the business of The Mogil Organization LLC of New York, New York. Terms of the transaction were not disclosed. Since 1957, Mogil has offered corporate and personal...

Insurance Quantified Acquires Michigan’s Groundspeed Analytics

Jun 22 2023 // Insurance Quantified, a commercial P&C underwriting technology provider, announced it has acquired Ann Arbor, Michigan-based Groundspeed Analytics, an ingestion and data solutions provider for the commercial P&C...

Howden Acquires 2 Swiss Brokers

Jun 21 2023 // Howden, the London-based insurance broker, announced it has expanded its offering in Switzerland with the acquisition of insurance brokers argenius Risk Experts AG (argenius) and RVA Versicherungsbroker AG (RVA). Born...

World Insurance Acquires Business of B. R. Alexander in Boston

Jun 21 2023 // Insurance broker World Insurance Associates LLC reports it acquired the business of B. R. Alexander & Co., Inc. of Boston, Massachusetts on May 1, 2023. Terms of the transaction were not disclosed. B. R. Alexander was...

World Insurance Acquires Assets of Bryant Agency in Upstate New York

Jun 20 2023 // Insurance broker World Insurance Associates LLC announced that it acquired substantially all the insurance assets of Bryant Asset Protection, Inc. of Slingerlands, New York. Terms of the transaction were not disclosed. BAP...

Howden Acquires German Marine Broker Northern Lloyd

Jun 16 2023 // Howden, the London-based insurance broker, announced it has strengthened its marine offering in Europe with the acquisition of Bremen-based broker Northern Lloyd, one of the leading marine brokers in Northern Germany. The...

Generali Agrees to Acquire Liberty Mutual’s European Units for $2.5 Billion

Jun 15 2023 // Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding Co. for €2.3 billion ($2.5 billion), as part of its plan to expand in non-life insurance. Liberty...

ALKEME Acquires Texas’ Daugherty Insurance Group

Jun 15 2023 // ALKEME announced the acquisition of the Daugherty Insurance Group, a Sugar Land, Texas- based full-service insurance agency. For over three decades, Daugherty Insurance Group has been focused on serving their loyal...

Core Specialty Forms Medical Stop Loss Division With Acquisition of Texas’ American National Group

Jun 13 2023 // Core Specialty Insurance Holdings, Inc., and its subsidiaries announced today that it will form a medical stop-loss division through the acquisition of the MGU/Stop-Loss business of American National Group. The acquisition...

Lawmakers in Montana, Louisiana Pass Bills to Require Disclosure of Litigation Funding

Jun 13 2023 // Lawmakers in two states passed bills this year to require disclosure of litigation funding contracts. Business groups are pushing for similar rules in federal courts nationwide. Montana Gov. Greg Gianforte on May 2 signed...

Two More States Pass Bills to Require Disclosure of Litigation Funding