Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Insurance Broker Acrisure Touches $23 Billion in Valuation After Latest Funding
Jun 1 2022 // Acrisure said on Tuesday it had 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...
Milestone Partners Acquires Louisiana’s GoAuto
May 27 2022 // Milestone Partners acquired specialty auto insurance holding company Drive Assurance Holdings LLC (“Drive Assurance”) and the related acquisition of GoAuto, LLC (“GoAuto”) and its affiliated...
People Moves: Great American Promotes Mulvey; Rivera Succeeds Lubrano at Berkley Product Recall; Fusion Names U.S. Team for M&A
May 27 2022 // Great American Promotes Mulvey to Divisional President Great American Insurance Group recently announced the promotion of Michael B. Mulvey to divisional president within its FCIA, the division that underwrites trade...
Musk Sued by Twitter Investors for Stock ‘Manipulation’ During Takeover Bid
May 27 2022 // Billionaire Elon Musk was sued by Twitter Inc .investors claiming he manipulated the company’s stock price downward, as the chief executive of electric carmaker Tesla Inc. mounts a $44 billion takeover bid for the...
Inszone Acquires Texas’ Caleb Insurance and Financial Services
May 26 2022 // Inszone Insurance Services, a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solution, acquired Caleb Insurance and Financial Services,...
Update: Brickell Pulls Plug on Acquisition of Randall & Quilter; R&Q Plans Fundraise
May 26 2022 // Property/casualty speciality insurer Randall & Quilter Investment Holdings Ltd. announced its planned acquisition by Brickell PC Insurance Holdings LLC has been terminated by shareholder Brickell. R&Q announced in...
HDI International to Acquire Retail Insurance Business of Sompo Seguros in Brazil
May 25 2022 // HDI International AG, a subsidiary of Talanx Group, is acquiring the retail business of Sompo Seguros S.A. in Brazil. This acquisition enables HDI Seguros S.A. in Brazil to gain scale in motor and to diversify into...
Arthur J. Gallagher Acquires Frederickson Partners in California
May 25 2022 // Arthur J. Gallagher & Co. acquired Menlo Park, California-based Valerie Frederickson & Company Inc., dba Frederickson Partners. Founder Valerie Frederickson and her team will continue to operate under the direction...
Alera Group Acquires West Michigan Insurance
May 19 2022 // Alera Group acquired West Michigan Insurance Inc., a Property & Casualty insurance agency based in Grand Rapids, Michigan, with office locations in Shelby, Michigan, and Hart, Michigan. Founded in 1924, West Michigan...
Allianz Buys Majority Stake in Jubilee General Insurance Co. of Tanzania
May 19 2022 // Allianz has acquired a 51% stake in Jubilee General Insurance Co. of Tanzania Ltd. from Jubilee Holdings Ltd. (JHL) and the Aga Khan Fund for Economic Development (AKFED). JHL will retain a 15% stake and six minority...
Investment Firm Brookfield to Buy UK Repair Site HomeServe for £4.1B
May 19 2022 // Brookfield Asset Management Inc. agreed to buy emergency household repairs provider HomeServe Plc in a deal valuing the company at £4.1 billion ($5 billion), one of the UK’s largest take-private transactions this...
Starr Insurance Cos. Acquires Thai Non-Life Insurer
May 18 2022 // Starr Insurance Cos. announced an agreement with FPG Insurance Holdings Ltd. (HK) and local Thai shareholders to purchase FPG Insurance Public Co. Ltd. (FPG Thailand), a Thai non-life insurance company. Starr’s...
USI Acquires Ames-Grenz Insurance Services in California
May 16 2022 // USI Insurance Services acquired Sacramento, California-based Ames-Grenz Insurance Services Inc. Ames-Grenz is an employee benefits brokerage and advisory firm. USI is an insurance brokerage and consulting firm providing...
Arthur J. Gallagher Acquires Illinois’ Hruska Insurancenter
May 16 2022 // Arthur J. Gallagher & Co. announced the acquisition of Mokena, Illinois-based Hruska Insurancenter, Inc. Terms of the transaction were not disclosed. Founded in 1956, Hruska Insurancenter is a retail property/casualty...
Russia’s Aeroflot Buys 8 Stranded Airbus A330 Aircraft From Leasing Firms
May 16 2022 // Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part of the fulfillment of contractual obligations.” More than 400 aircraft...
Alabama DOI to Hold Hearing on VR Acquisition of National Security Group
May 13 2022 // The Alabama Department of Insurance will hold a hearing in June on VR Insurance Holdings’ proposed purchase of the National Security Group. VR Insurance Holdings is a recently formed Delaware-based company formed by...
People Moves: WTW Reshapes M&A Practice; Starr Names Relationship Leader; Cover Genius Adds 2
May 13 2022 // WTW Vows to Grow M&A Practice, Appoints Broking Regional Leader Insurance broker WTW (Willis Towers Watson) announced that Mark Rusas will focus exclusively on leading the Mergers & Acquisitions (M&A) practice...
Choice Financial Buys Pensylvania’s Fonner Insurance
May 12 2022 // Choice Financial Group reported that it has acquired property/casualty insurance agency Fonner Insurance Associates in Abington, Pennsylvania. Fonner has served the greater Philadelphia area for 30 years led by the Fonner...
Howden Acquires Singapore-Based AEGIS Insurance Agencies
May 12 2022 // Howden Insurance Brokers (Singapore) Pte Ltd., the international insurance broker and subsidiary of Howden, announced it has acquired the business and assets of AEGIS Insurance Agencies Pte., a Singapore-based specialist...
BXS Insurance Acquires Texas’ Wall 2 Wall
May 11 2022 // BXS Insurance, Inc. (BXSI), a subsidiary of Cadence Bank acquired the assets of Wall 2 Wall Benefit Services (Wall 2 Wall) which is headquartered in Stafford, Texas, a city within the Houston metropolitan statistical...
