Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
A.J. Gallagher Buys Nashville Brokerage
Mar 6 2023 // Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, has acquired Nashville-based Anderson Benson, a retail insurance brokerage and risk management firm. Anderson Benson, founded in 2012, has...
Harford Mutual Insurance Group Announces Merger Plan with ClearPath Mutual
Mar 3 2023 // Harford Mutual Insurance Group, a commercial P/C insurance company, announced its plan to merge with ClearPath Mutual Insurance Company, a monoline workers’ compensation carrier. “We are constantly seeking...
Jensten Group Completes Basil Fry and Bellegrove Acquisitions in UK
Mar 3 2023 // The Jensten Group has completed the acquisitions of Basil Fry & Company and Bellegrove, following final regulatory approval. Collectively the deals bring an additional 5000 clients, 80 staff and £40 million ($47.9...
Keyes Acquires Three Florida Firms
Mar 3 2023 // Keyes Coverage, a rapidly growing Florida insurance brokerage, has acquired three firms: Bill and Sheila Gaylor Insurance, based in Melbourne, Florida; My Florida Insurance Broker, in Vero Beach; and Brian Laudanno...
Hub Acquires Louisiana’s Dwight W. Andrus Insurance
Mar 2 2023 // Hub International Limited announced that it has acquired the assets of Dwight W. Andrus Insurance Inc., Dwight Andrus & Richard Insurance, Inc., and DAI Shreve, LLC (Dwight Andrus Insurance). Terms of the transaction...
Jensten Group Acquires UK’s Specialist Schemes Broker Darwin Clayton
Mar 1 2023 // The Jensten Group has announced its acquisition of the schemes broker, Darwin Clayton, for an undisclosed amount. The deal, which is subject to regulatory approval, brings 44 staff, 2,300 clients and more than £20 million...
Howden Buys Specialist Entertainment Broker Franz Gossler in Germany
Mar 1 2023 // Howden, the international insurance broker, announced an agreement to acquire Franz Gossler Insurance Group, one of the leading insurance brokers focusing on film and entertainment insurance in Germany and beyond. The...
Global Insurance M&A Hits 10-Year High, Despite Slowdown in H2 2022
Feb 28 2023 // The insurance sector saw 449 completed mergers and acquisitions (M&A) worldwide during 2022, up from 418 the previous year – the highest for a decade, according to law firm Clyde & Co’s insurance growth...
AXA Sells Stake in Monte dei Paschi After Providing Cash Call Support
Feb 28 2023 // AXA said on Monday it was selling virtually all of the 8% stake in Monte dei Paschi di Siena acquired when it invested into a make-or-break new share issue at the state-owned Italian bank. AXA paid 200 million euros in...
World Insurance Acquires Durfee Buffinton in Massachusetts
Feb 27 2023 // National insurance broker World Insurance Associates reports it acquired the business of Durfee Buffinton Insurance Agency, Inc. of Fall River, Massachusetts. Terms of the December 31, 2022 transaction were not...
U.S. Supreme Court to Hear Fight Over Consumer Watchdog Agency’s Funding
Feb 27 2023 // The U.S. Supreme Court on Monday agreed to decide whether the Consumer Financial Protection Bureau’s funding structure established by Congress violates the U.S. Constitution in a case that President Joe Biden’s...
ALKEME Acquires ACW Group in Hawaii
Feb 23 2023 // ALKEME acquired the ACW Group in Honolulu, Hawaii. ACW Group is headquartered out of Oahu, with California offices in San Francisco and La Quinta. It was established in 2009 by Russell Akamine, Kirk Christman and Jeffrey...
SterlingRisk Acquires Worldwide Insurance in Florida
Feb 23 2023 // New York-based SterlingRisk, a privately held insurance broker, has acquired Worldwide Insurance Group, headquartered in Coral Gables, Florida. Ruidiaz Worldwide’s founder and president, Anthony Ruidiaz, will become...
XPT Specialty Acquires Texas’ Craig & Leicht
Feb 22 2023 // XPT Specialty announced the acquisition of Texas-based wholesale agency Craig & Leicht. Founded by Amy Leicht-Craig and former TSLA president Matt Leicht, CIC, CPCU, ASLI, Craig & Leicht has earned a strong...
Tysers Sells Bloodstock Broking Team and Bloodstock Managing Agent to Howden
Feb 22 2023 // Tysers, the independent Lloyd’s broker and part of AUB Group, announced the sale of its bloodstock broking team and the bloodstock managing agent, Galileo, to Howden. “We had built an exceptional bloodstock...
Swedish MGA Brookfield Underwriting Acquired by Broking Group Säkra
Feb 21 2023 // Brookfield Underwriting, the specialist Stockholm-based high net worth managing general agent, announced it has been acquired by Säkra, one of Sweden’s largest insurance intermediaries, which itself has just been...
FWD to Buy Majority Stake in Malaysian Insurer Ahead of Planned IPO
Feb 20 2023 // FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has agreed to buy a majority stake in Gibraltar BSN Life Bhd., a move that allows it to tap into the Southeast Asian...
‘A Tale of Two Halves’ for Insurance Mergers, Acquisitions in 2022
Feb 20 2023 // Last year was a tale of two halves for insurance mergers and acquisitions. OPTIS Partners reports 987 agency mergers and acquisitions were announced in 2022 — down 8% from 2021. A significant rise in interest rates...
Goose Insurance Closes $4M Series A Funding Round
Feb 17 2023 // Goose Insurance Services announced that it closed a $4 million Series A funding round led by Axis Insurance Managers, with participation from Impression Ventures, Real Ventures, and Manchester Story. The Vancouver-based...
Stone Point to Acquire Stake in Truist Insurance for Nearly $2B
Feb 16 2023 // Truist today said it has agreed to sell a 20% stake its insurance brokerage business to private equity firm Stone Point Capital for $1.95 billion. Mubadala Investment Company and other co-investors are participating with...
