Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Franchise Model Britely Insurance to Acquire Empire State Brokerage
Jun 14 2022 // Florida-based Britely Insurance reports it has agreed to acquire the assets of Empire State Brokerage Services, a Plainview, New York based wholesale broker operating in more than 25 states. The transaction is expected to...
King Brokerage Acquires Wurzel Agency in Florida
Jun 13 2022 // King Insurance, a brokerage based in Gainesville, Florida, has continued its steady expansion with the acquistion of The Wurzel Agency in Oveido, Florida. Wurzel has specialized in property and casualty personal lines and...
UniFi Group to Acquire Controlling Stake in National Flood Services
Jun 13 2022 // PEAK6 InsurTech, an insurance-operations subsidiary of PEAK6 Investments, said UniFi Group agreed to acquire a controlling interest in National Flood Services (NFS). PEAK6 will retain a minority stake in the new joint...
Legal Technology Firm TCDI Agrees to Acquire Aon’s eDiscovery Practice
Jun 10 2022 // TCDI, theGreensboro, N.C.-based provider of legal services, software and cyber security, announced it has signed a definitive agreement to acquire insurance broker Aon’s eDiscovery practice. The acquisition will...
PCF Acquires Medical Insurance Specialist Mike Haffar in California
Jun 9 2022 // PCF Insurance Services acquired Mike Haffar Insurance Services Inc. located in West Covina, California. Mike Haffar is an insurance and risk advisor for physicians, medical clinics, medical groups, surgery centers and...
Howden Group to Acquire TigerRisk Partners to Create ‘Much-Needed’ Fourth Reinsurance Broker
Jun 9 2022 // Howden Group Holdings said it has created the “much-needed fourth global player in the reinsurance market” with an announcement it has acquired TigerRisk Partners to bolster the scale and depth of its offering...
Segal Acquires Michigan’s Union Services Agency
Jun 8 2022 // Segal, a benefits and HR consulting firm, has acquired Bayview Insurance Group d/b/a Union Services Agency (USA), a Michigan-based insurance brokerage firm. The brokerage has focused on serving the insurance needs of labor...
