Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Inszone Acquires Texas’ Austin Insurance
Jan 27 2023 // Inszone Insurance Services announced the acquisition of Austin Insurance. Established in 2005 by Cole Austin, Austin Insurance has provided insurance services in Grand Prairie, Texas for over a decade. Operations for...
‘A Tale of Two Halves’ for 2022’s Insurance Mergers and Acquisitions
Jan 27 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 and...
Risk Strategies Buys Tanenbaum-Harber Agency in Florida
Jan 27 2023 // Risk Strategies, a national insurance brokerage, has acquired Florida’s Tanenbaum-Harber, a risk management and insurance advisor. Based in Miramar, Florida, Tanenbaum-Harber traces its beginnings to 1860, the...
Alera Group Acquires Hackney Agency in North Carolina
Jan 27 2023 // Alera Group, an independent insurance and wealth management firm, has acquired the John Hackney Agency in North Carolina. Hackney, with offices in Wilson, in the eastern part of the state, was founded in 1895 by the...
Alera Group Acquires Collective:Choice in California
Jan 25 2023 // Alera Group acquired Collective:Choice Insurance Solutions in Westminster, California. The Collective:Choice team will continue serving clients in their existing roles. Collective:Choice was created in 2006 to provide a...
At-Bay Acquires Licensed P&C Insurance Carrier
Jan 24 2023 // Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier. “This milestone will allow us to accelerate...
Union Bay Acquires Franchino Agency in New Jersey
Jan 24 2023 // Union Bay Acquisition, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired Franchino Agency, Inc. Hillsborough, New Jersey. Terms were not disclosed. Franchino Agency, headed by Gabe...
Arthur J. Gallagher & Co. Acquires Texas’ Remco
Jan 23 2023 // Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services, Inc. (RPS), has acquired Austin, Texas-based Remco Insurance Agencies, Inc. Terms of the transaction were not disclosed. With roots...
NFP Acquires UK’s Direct Safety Solutions
Jan 23 2023 // NFP, the New York City-based property/casualty insurance broker and consultant, announced it has acquired Direct Safety Solutions Ltd., a UK-based health and safety consultancy. Financial details of the deal were not...
2022 M&A Activity Falls, But Still Could Rank as Second Highest On Record: Report
Jan 23 2023 // Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped overall this year, according to an S&P Global Market...
TWIA to Determine Probable Maximum Loss for 2023 Storm Funding
Jan 19 2023 // The Texas Windstorm Insurance Association (TWIA) Board is meeting Thursday, Jan. 19 to determine funding for probable maximum loss (PML) for the 2023 storm season. TWIA is statutorily required to purchase enough...
Relation Acquires Texas’ Laird
Jan 19 2023 // Relation Insurance Services, Inc. has acquired the assets of Kilgore, Texas-based Laird Insurance Agency. The transaction went into effect on January 3, 2023; terms of the transaction were not disclosed. Laird offers a...
Wholesale Broker Socius Acquires New York’s Kelly Underwriting
Jan 19 2023 // San Francisco-based wholesale insurance brokerage Socius Insurance Services, Inc. has acquired the assets of Kelly Underwriting Services, a Farmingdale, New York based managing general underwriter. Led by Tom Nash, Kelly...
Gallagher Acquires Retail Broker First Ireland Risk Management in Dublin
Jan 18 2023 // Arthur J. Gallagher & Co. has acquired Dublin, Ireland-based First Ireland Risk Management Limited, a retail insurance broker offering commercial and personal insurance products as well as life and pension products...
Acrisure Acquires Affinity Brokers in Scotland
Jan 18 2023 // Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, has acquired Affinity Brokers Limited, a commercial insurance broker based in Glasgow, Scotland. Founded in 2010 by Scott Meechan and...
Purmort & Martin Buys Lovinger Agency in Tampa
Jan 18 2023 // Purmort & Martin Insurance Agency, one of the oldest agencies in the Sarasota, Florida, area, is expanding with the acquisition of Tampa-based Lovinger Insurance. Lovinger is a property-casualty agency serving...
BMS Acquires Australian Specialist Austbrokers Coast to Coast
Jan 18 2023 // Global specialty insurance and reinsurance broker BMS reports it has acquired Austbrokers Coast to Coast (C2C), a specialist Australian corporate, business, and retail broker, effective 17 January. BMS is acquiring C2C in...
DOXA Acquires Indiana’s Bradshaw
Jan 17 2023 // DOXA Insurance Holdings is pleased to announce the acquisition of Bradshaw Insurance Group, Inc (BIG), a sixth-generation insurance agency. BIG is a Delphi, Indiana-based managing general agent (MGA) offering a full suite...
Evertree Acquires Michigan’s Provision
Jan 17 2023 // Evertree Insurance, an omni-channel property and casualty insurance distribution platform, acquired Provision Insurance Group, a Michigan-based independent insurance brokerage firm. “We are thrilled to welcome all 44...
Canada’s Westland Insurance Acquires Broker RiskTech From Excel
Jan 17 2023 // Westland Insurance announced that it has acquired the Edmonton brokerage RiskTech Insurance Services as of January 1. Risk Tech was a member of Excel Insurance Group. It specializes in serving large and mid-market...
