Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
PCF Acquires MGA United Underwriters in Utah
Jun 30 2022 // PCF Insurance Services acquired Utah-based property/casualty managing general agent United Underwriters. United Underwriters offers agencies across the Western United States P/C MGA services and programs including...
Hill Group Acquires Indiana’s Howe-LaGrange and Reick Agencies
Jun 30 2022 // The Hilb Group announced that it has acquired Indiana-based Howe-LaGrange Insurance Agency and Reick Insurance Agency, expanding the company’s growing presence throughout Indiana and the Midwest. Based in LaGrange,...
ReSource Pro Acquires Commercial Lines Technology Platform towerIQ
Jun 30 2022 // Insurance business services firm ReSource Pro reports it has completed its acquisition of towerIQ, a property/casualty insurance focused technology platform designed to streamline workflows and capture market...
Cross Insurance Acquires Benefits Agency in Massachusetts
Jun 29 2022 // Maine-based insurance agency Cross Insurance has reported its acquisition of Northern Benefits of Massachusetts. Northern Benefits of Massachusetts, based in Marlborough, specializes in customized benefits brokerage and...
Arthur J. Gallagher & Co. Acquires UK Broker Erimus Group Ltd.
Jun 28 2022 // Arthur J. Gallagher & Co. announced the acquisition of Erimus Group Ltd. in the UK. Terms of the transaction were not disclosed. Founded in 1986 and based in Teesside, England, Erimus is an established retail insurance...
Alera Group Acquires Compensation Works in Washington
Jun 28 2022 // Alera Group acquired Compensation Works in Washington. The Compensation Works team will continue serving clients in their existing roles. Compensation Works is a national compensation company providing services that...
Acrisure Acquires Ohio’s QuickInsured Agency
Jun 24 2022 // Acrisure, a fintech company that runs a global insurance broker, announced that it has acquired Columbus, Ohio-based QuickInsured, a tech-centered insurance agency. Acrisure will now have use of QuickInsured’s...
Gallagher Acquires Ireland’s INNOVU Group
Jun 24 2022 // U.S. based global insurance broker Arthur J. Gallagher & Co. reports it has purchased Wexford, Ireland-based INNOVU Group Holding Co. Terms of the transaction were not disclosed. Founded by Ronan Foley in 2018, INNOVU...
Alacrity Solutions Acquires Property Damage Appraisers In Texas
Jun 23 2022 // Alacrity Solutions Group LLC acquired Property Damage Appraisers in Fort Worth, Texas. PDA is an independent specialty and auto damage appraisal firm.. PDA’s corporate The transaction with PDA is Alacrity’s...
World Insurance Buys Commercial Insurance Agency of Massachusetts
Jun 23 2022 // World Insurance Associates announced has acquired Commercial Insurance Agency of Belmont, Massachusetts. Terms of the May 1, 2022 transaction were not disclosed. George W. Ruggiero, Jr. established CIA in 1975 and today he...
Digital Insurer Startup Wefox Seeks Funding at Over $5 Billion Value
Jun 22 2022 // Wefox, the German digital insurer, is in advanced discussions to raise fresh funding at a valuation of $5 billion to $6 billion, people with knowledge of the matter said. The Berlin-based insurtech startup is aiming to...
Acrisure Acquires UK Independent Brokerage Russell Scanlan
Jun 22 2022 // U.S.-based insurance broker Acrisure reports that it has acquired UK independent specialty broker Russell Scanlan in Nottingham. The deal is expected to close in the near term, pending Financial Conduct Authority (FCA)...
Agent-Focused Home Insurer Openly Closes $75 Million Funding Round
Jun 22 2022 // Boston-based Openly, an insurtech homeowners insurer distributing through independent agents, has closed a $75 million Series C investment. According to founders Ty Harris and Matt Wielbut, Openly has responded to a...
California Bill Would Require Gunowners to Buy Liability Insurance
Jun 21 2022 // California would be the first state to require gun owners to buy liability insurance to cover the negligent or accidental use of their firearms, if lawmakers approve a measure. “Guns kill more people than cars. Yet...
JAB to Acquire Fairfax’s Pet Insurance Stake in Crum & Forster, PetHealth
Jun 20 2022 // JAB Holding Company and Fairfax Financial Holdings Limited said today that JAB’s pet insurance business agreed to acquire all of Fairfax’s interests in the Crum & Forster Pet Insurance Group and PetHealth...
Insurance Broker Acrisure Touches $23 Billion in Valuation After Latest Funding
Jun 20 2022 // Acrisure reports it has raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi Investment Authority, valuing the insurance brokerage at $23 billion. The company has benefited from a jump...
Acrisure Acquires Ohio’s QuickInsured
Jun 17 2022 // Acrisure acquired Columbus, Ohio-based QuickInsured (QI), a best-in-class tech-enabled insurance agency. Through this acquisition, Acrisure will gain usage of QuickInsured’s proprietary digital sales funnel. This...
Intact Acquires Illinois-Based Tokio Marine Highlands US Construction Division
Jun 17 2022 // Tokio Marine Kiln reached an agreement with Intact Insurance Group USA LLC for the sale of Tokio Marine Highland’s (TMH) US construction division. The transaction is subject to customary regulatory approvals and is...
BMS Acquires Australian Retail Broker SRG Group
Jun 16 2022 // BMS, the London-based independent specialist insurance and reinsurance broker, announced the acquisition of SRG Group, the Australian corporate retail broker with operations in Perth and Queensland. Founded in 2005, SRG is...
Canada’s Axis Insurance Managers Acquires BMG Insurance Brokers
Jun 15 2022 // Axis Insurance Managers, a Vancouver, Canada-based insurance broker, has completed the acquisition of BMG Aviation Ltd., which does business as BMG Insurance Brokers, effective June 1, 2022. A privately owned insurance...
