Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International Acquires Canada Broker Jaimac Risk Management
Aug 15 2022 // Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced it has acquired Jaimac Risk Management Inc. Terms of the transaction were not disclosed. Located in Ottawa, Ontario,...
Biden Admin Announces $3 Billion in FEMA Climate Resilience Funding
Aug 12 2022 // The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by climate change. Funding...
Hub Buys Delaware’s KT&D
Aug 12 2022 // Insurance broker Hub International Limited has acquired KT&D, Inc. in Wilmington, Delaware. Terms of the transaction were not disclosed. KT&D provides multi-line insurance services, including medical malpractice,...
Cross Insurance Acquires Maine Insurance Agency
Aug 12 2022 // Cross Insurance reported it has acquired Maine Insurance Agency of Portland. The acquisition of Maine Insurance Agency, a fifth-generation family-owned business, expands the coastal region division of Cross. Founded in...
Inszone Acquires Missouri’s First Bosnian Insurance
Aug 11 2022 // Inszone Insurance Services announced the acquisition of First Bosnian Insurance, providing the second acquisition in the state of Missouri. First Bosnian Insurance opened in 2005 with the goal of helping the growing...
Higginbotham Adds Another with Acquisition of Holman in Georgia
Aug 11 2022 // Higginbotham, an independent insurance and human resources firm, has kept up its pace of steady growth with the recent acquisition of Georgia-based Holman and Co., a broker of commercial and personal lines property and...
Arthur J. Gallagher Acquires Evergreen Insurance Managers in Oregon
Aug 11 2022 // Arthur J. Gallagher & Co.’s Risk Placement Services Inc. acquired Hillsboro, Oregon-based Evergreen Insurance Managers Inc. Dyan Bates, Nancy Schultz and their associates will remain in their current...
IMA Group Acquires Mollie Kallen Case Management
Aug 10 2022 // The IMA Group, a provider of independent medical examinations and case management in workers’ compensation, continues to expand with its acquisition of Florida-based Mollie Kallen Case Management. The terms of the...
Eastern Insurance Acquires Burns Agency in Massachusetts
Aug 10 2022 // Eastern Insurance Group announced it has acquired the John T. Burns Insurance Agency in Newton, Massachusetts. Family-owned since 1892, Burns Insurance offers personal auto and home insurance from carriers including...
PCF Insurance Acquires A Insurance in Utah
Aug 10 2022 // PCF Insurance Services acquired A Insurance Agencies in Utah. A Insurance is a personal lines insurance provider specializing in life, home, auto, and business. The firm has offices in Syracuse, Kaysville, and...
Hilb Group Acquires Transportation Agency Lighthouse in Massachusetts
Aug 9 2022 // The Hilb Group reports that it has acquired Massachusetts-based Lighthouse Insurance Agency, further building on the company’s presence throughout New England. Based in the Dorchester neighborhood of Boston,...
Mitsui Sumitomo Insurance to Buy Reinsurance Broker Transverse for $400 Million
Aug 9 2022 // Mitsui Sumitomo Insurance Company, a subsidiary of Japan’s MS&AD Insurance Group Holdings, will spend about $400 million to buy U.S. reinsurance broker Transverse, the Nikkei business daily reported on...
Truist Buys Texas-based BenefitMall
Aug 9 2022 // Charlotte-based Truist Insurance Holdings, one of the largest insurance brokerages in the United States, has agreed to acquire BenefitMall, the country’s largest wholesale benefits general agency. Truist officials...
Arthur J. Gallagher & Co. Acquires Denver Agency in Colorado
Aug 9 2022 // Arthur J. Gallagher & Co. acquired Denver, Colorado-based Denver Agency. Denver Agency is a personal lines-focused insurance agency that specializes in serving high-net-worth and ultra-high-net-worth clients throughout...
Arthur J. Gallagher & Co. Acquires UK Risk Management Consultant, Another Day
Aug 8 2022 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Another Day Ltd. Terms of the transaction were not disclosed. Founded in 2016, AnotherDay is a London-based risk...
Alera Group Acquires Georgia Agency
Aug 5 2022 // Alera Group, an independent P/C and benefits firm, has acquired Jowers-Sklar Insurance, a Georgia-based independent agency specializing in property and casualty insurance in the Southeast. The agency serves Floyd County,...
Hub Acquires Louisiana’s Bubrig
Aug 5 2022 // Hub International Limited announced that it has acquired the assets of Bubrig Insurance Agency, Ltd. Terms of the transaction were not disclosed. Located in Belle Chasse, Louisiana, Bubrig Insurance Agency is an...
PCF Acquires Professional Warranty Service of Virginia
Aug 5 2022 // Utah-based PCF Insurance Services (PCF) has acquired Professional Warranty Service Corp., a specialty insurance and home warranty company based in Chantilly, Virginia. Founded in 1995, PWSC provides risk management to the...
World Insurance Associates Acquires Consumers Choice Underwriters
Aug 5 2022 // World Insurance Associates announced its acquisitions of Consumers Choice Underwriters Inc. of Miramar, Florida, on June 1. Terms of the transaction were not disclosed. Consumers Choice writes property/casualty insurance...
UK Insurer Aviva Builds Private Client Business With Azur Acquisition
Aug 4 2022 // UK Insurer Aviva has agreed to sign a binding agreement with the specialist managing general agent Azur Underwriting Ltd., to acquire its high-net-worth personal lines business in the UK and Ireland. Financial details of...
