Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
France’s Verlingue Buys Broker Cabinet Depeyre and MGA Depeyre Solutions
Jan 12 2023 // French broker Verlingue, a subsidiary of Adelaïde Group and specialist in corporate protection, is continuing its external growth strategy with two new acquisitions that will consolidate its presence in the Grand Est...
Hilb Group Acquires Oak Ridge Surety Agency in Pennsylvania
Jan 12 2023 // The Hilb Group has acquired Oak Ridge Surety Agency in West Chester, Pennsylvania, which specializes in surety bond programs and commercial insurance. Martin Hellman and his team of insurance professionals will become part...
Arthur J. Gallagher Acquired John C. Breckenridge in California
Jan 12 2023 // Arthur J. Gallagher & Co. acquired Sacramento, California-based John C. Breckenridge Insurance Solutions Inc. John Breckenridge, Lisa Breckenridge and their team will remain in their current location under the...
Alera Group Acquires Insurance Benefits by Design in Colorado
Jan 11 2023 // Alera Group acquired Insurance Benefits by Design in Colorado. Insurance Benefits by Design offers insurance benefits for employers, individuals and families. IBBD is an affiliate of Sage Benefit Advisors, an Alera Group...
Specialty Program Group Buys Euclid Fiduciary
Jan 11 2023 // New Jersey-headquartered Specialty Program Group LLC (SPG) has acquired the assets of Euclid Specialty Managers, LLC, which does business as Euclid Fiduciary, from Euclid Insurance Services, Inc. Euclid Fiduciary, based in...
Inszone Insurance Acquires Vaught, Wright & Bond Insurance in California
Jan 11 2023 // Inszone Insurance Services acquired Vaught, Wright & Bond Insurance in Placerville, California. Vaught, Wright & Bond Insurance was originally founded in 1933 by Mance Vaught. They offered bonds in addition to...
Relation Acquires Napa Valley Insurance in California
Jan 10 2023 // Relation Insurance Services Inc. acquired the assets of Napa Valley Insurance in California. Co-owners Mike Hogin and Pam Hogin will continue running the offices as part of the Relation family of brands. Napa Valley...
Russia’s Flagship Oil Sells at Half Global Prices, Below G7 Imposed Cap
Jan 9 2023 // Russia’s flagship oil is selling at less than half international prices — and way below a Group of Seven imposed cap — following sanctions targeting the Kremlin’s revenue from petroleum sales. The...
Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal
Jan 9 2023 // Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year strategic partnership has been formed in which Brit (a subsidiary of Fairfax...
Vista Equity Partners to Buy Duck Creek for $2.6B Cash
Jan 9 2023 // Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 billion. Pending Duck Creek stockholder and regulatory...
M&A Drops From 2021 Record High but Activity ‘Solid’: Marshberry
Jan 9 2023 // Following a record year in 2021, insurance agency consulting firm Marshberry said the amount of mergers and acquisitions in the insurance industry dropped by more than 200 in 2022 but when all is said and done, the year...
Mitsui Sumitomo Completes Acquisition of Transverse Group
Jan 6 2023 // Mitsui Sumitomo Insurance Co. has completed its acquisition of Warren, New Jersey-based reinsurance intermediary Transverse Insurance Group, closing a deal that was announced in August. Mitsui Sumitomo Insurance Co., a...
Alera Group Acquires Virginia-Based Ascent Group
Jan 6 2023 // Insurance and investment firm Alera Group announced its acquisition of Virginia Beach-based The Ascent Group and affiliated companies. The acquisition adds significant assets under management to two Alera Group divisions:...
Duck Creek to Acquire Swiss Payments Platform, Imburse Payments
Jan 6 2023 // Duck Creek Technologies, the tech company that serves the property/casualty insurance market, announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform. Financial details of the...
People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK
Jan 5 2023 // Aon Names Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA Insurance broker Aon plc has named Agostino (Ago) Fulciniti as head of strategy execution for Commercial Risk Solutions in EMEA,...
ALKEME Acquires Atascadero Insurance Agency in Central California
Jan 4 2023 // ALKEME acquired Atascadero Insurance Agency, dba Morro Bay Insurance Agency, in Fresno, California. Atascadero specializes in property/casualty covering the central California region. Ladera Ranch California-based ALKEME...
Marsh McLennan Agency Buys Maryland’s HMS Insurance
Jan 4 2023 // Marsh McLennan Agency (MMA), a subsidiary of global insurance broker Marsh, reports it has acquired Hunt Valley, Maryland-based HMS Insurance Associates, Inc. Founded in 1943, HMS provides businesses and individuals in the...
CAC Specialty and Cobbs Allen Complete Merger
Jan 4 2023 // Specialty broker CAC Specialty and Cobbs Allen, a P/C and employee benefits broker, today announced the completion of their merger. The transaction creates a fully integrated specialty platform with the scale, resources...
Specialist Risk Group to Acquire UK’s Fleet and Commercial
Jan 4 2023 // Specialist Risk Group (SRG), the London-headquartered broker, announced the acquisition of Fleet and Commercial, subject to regulatory approval. The deal enhances SRG’s existing commercial motor capability and is a...
MagMutual Completes Acquisition of New Jersey’s MDAdvantage
Jan 4 2023 // Atlanta-based physician insurer MagMutual Insurance Co reports it has .has completed its acquisition of MDAdvantage Insurance Co. of New Jersey. The deal received final corporate approval and regulatory approval by the New...
