Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Confie Acquires CoWest Insurance Group in Colorado
Oct 3 2022 // Confie acquired Colorado-based CoWest Insurance Group and the firm’s 30 insurance agency network. The acquisition underscores Confie’s plans to create an insurance agency network for independent agents within...
Australia’s AUB Completes Acquisition of Lloyd’s Broker Tysers from PE Firm Odyssey
Sep 30 2022 // Australia’s AUB Group Ltd. (AUB) announced it has completed its acquisition of leading Lloyd’s wholesale broker Tysers from Odyssey Investment Partners. The acquisition, which was first announced in May 2022,...
Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance
Sep 30 2022 // Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X has been a strategic investor in the Berlin-based insurtech company since 2016 and most...
Arthur J. Gallagher to Acquire M&T Bank’s Insurance Agency of Buffalo
Sep 30 2022 // Global insurance broker Arthur J. Gallagher & Co. has agreed to acquire Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corp. In connection with the transaction,...
PCF Acquires 1 Source Business Solutions in Utah
Sep 30 2022 // PCF Insurance Services acquired 1 Source Business Solutions in Salt Lake City, Utah. 1 Source Business Solutions is a professional employer organization specializing in employee benefits, payroll administration, HR...
Focus Acquires Ohio-Based Alpha Insurance Group
Sep 28 2022 // Focus Financial Partners, a partnership of independent, fiduciary wealth management firms, announced that it has entered into a definitive agreement under which Alpha Property & Casualty, Inc., a licensed insurance...
QBE Sells Irish Casualty Renewal Rights to Ascot, as Part of Phased Withdrawal
Sep 28 2022 // QBE announced the sale of select Irish casualty commercial insurance portfolios to the Ascot Group via a renewal rights transaction. The sale follows QBE’s decision earlier this year to conduct a phased withdrawal...
Acrisure Buys UK Broker CRK Commercial Insurance Services Ltd.
Sep 28 2022 // Acrisure, the fintech company that operates a top-10 global insurance broker, announced it had acquired CRK Commercial Insurance Services Ltd., the specialist commercial schemes provider. Financial details of the deal,...
Alliance 360˚ Acquires M.I. Insurance Solutions in California
Sep 28 2022 // Alliance 360˚ Insurance Solutions acquired M.I. Insurance Solutions, located in Cypress, California. M.I. Insurance Solutions was founded in 2005 as a joint venture between The J. Morey Company and Miyuki Inouye to...
Agency Aggregator Union Bay Acquires Farrell Insurance in Pennsylvania
Sep 22 2022 // Union Bay Acquisition, a new aggregator of insurance agencies agent based in Princeton, New Jersey, reports it has acquired Farrell Insurance Associates Inc. of Lansdale, Pennsylvania. Terms were not disclosed. Jerry...
Smart Choice Announces Acquisition of Carriage Hill Insurance and Key Leadership Appointments for Smart Choice Partners (SCP)
Sep 22 2022 // SCP identifies strategic agency acquisition opportunities that are complementary to Smart Choice’s existing network of over 9,500 independent agencies. GREENSBORO, NC., September 22, 2022— Smart Choice® announces...
PCF Insurance Buys Peak Performance Brokerage, its 112th Acquisition This Year
Sep 22 2022 // PCF Insurance Services, a burgeoning brokerage based in Utah, has acquired Peak Performance Team, a brokerage that offers financing and insurance packages to automobile dealers in the United States. PPT, headquartered in...
Hong Kong Insurer AIA in Talks to Buy Philippine’s MediCard: Sources
Sep 22 2022 // AIA Group Ltd. is in advanced talks to acquire MediCard Philippines Inc., people familiar with the matter said, as the insurance giant seeks to boost its presence in Southeast Asia. AIA and MediCard are finalizing the...
RB Jones Acquires ‘Smart’ Ocean Cargo Business From Corvus
Sep 21 2022 // Specialty risk broker RB Jones announced its marine and energy division has acquired the Smart Cargo Insurance business from Boston-based managing general agent Corvus Insurance. The Corvus ocean cargo product offers an...
Smart Choice Makes Tennessee Agency Its 22nd Acquisition
Sep 20 2022 // Smart Choice, a network of independent agents, has acquired Carriage Hill Insurance, an agency in Tennessee. The agency has $4 million in annual revenue, with offices in Lenoir City, Oak Ridge, Brentwood and Athens,...
Acrisure Acquires Illinois’ B2Z Insurance
Sep 19 2022 // Acrisure announced it has acquired B2Z Insurance, a digitally native company that helps business owners obtain customizable insurance coverage in minutes. The acquisition of B2Z strengthens Acrisure’s digital...
Gallagher Re Taps Aon’s Bowen as Chief Science Officer; Aon Names Jursa CEO of Commercial Risk, Czech Republic; Gridel Joins Howden M&A to Lead Europe Biz Devel
Sep 19 2022 // This edition of International People Moves details appointments at Gallagher Re, Aon and Howden M&A. A summary of these new hires follows here. Gallagher Re Names Aon’s Bowen as Chief Science Officer Gallagher...
Howden Acquires Born Consulting AG in Switzerland
Sep 19 2022 // Howden, the London-based independent insurance broker, announced the acquisition of Swiss broker Born Consulting AG. Founded in 2003 and based in Bern, Switzerland, Born Consulting is an independent insurance broker for...
California Funding Research to Develop New Wildfire Defense Tools
Sep 19 2022 // The California Department of Forestry and Fire Protection is funding research to better predict who wildfires spread from burning wildlands to communities. CalFire awarded Worcester Polytechnic Institute researchers Albert...
Risk Strategies Acquires Missouri’s Beattie & Associates
Sep 15 2022 // Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Beattie & Associates, a retail agency in Missouri specializing in employee benefits for both individuals and...
