Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Keystone Agency Partners Takes Majority Stake in Large Florida Agency
Jun 8 2022 // Keystone Agency Partners, a brokerage that continues to acquire agencies around the country, said it has taken a majority stake in Keyes Coverage, an insurance agency based in Tamarac, Florida. Keyes, one of the largest...
New York Raises Age to Buy Semiautomatic Rifles to 21, Requires Gun Microstamping
Jun 8 2022 // New Yorkers under age 21 will be prohibited from buying semiautomatic rifles under a new law signed Monday by Gov. Kathy Hochul, making the state among the first to enact a major gun control initiative following a wave of...
People Moves: Hippo Names McCathron as CEO; M&A Insurance Platform io.insure Adds Staff for U.S.
Jun 7 2022 // McCathron Succeeds Founder Wand as CEO Home insurer Hippo reports it has appointed Richard McCathron as chief executive officer. McCathron has served on Hippo’s board of directors and as the company’s president...
Hub Acquires Assets of Physicians Risk Associates in California
Jun 7 2022 // Hub International Ltd. acquired the assets of Physicians Risk Associates Insurance Agency LLC in Mission Viejo, California. Physicians Risk Associates Insurance Agency team will join Hub Los Angeles/Orange...
Johnson & Johnson Acquires Oklahoma’s Midlands Management WB&B and MGU Units
Jun 7 2022 // Johnson & Johnson acquired the assets of the wholesale brokerage & binding (WB&B) and managing general underwriting (MGU) units of Oklahoma City, Oklahoma-based Midlands Management Corporation. Midlands is a...
Hub Acquires Georgia-based Alexander & Co. Benefits Firm
Jun 6 2022 // Hub International, a global insurance brokerage firm, has acquired Georgia-based Alexander & Co., an employee benefits firm for school districts and local governments. Headquartered in Woodstock, Georgia, the...
Johnson & Johnson to Acquire Midlands Management Corporation’s Wholesale Brokerage & Binding and Managing General Underwriting Divisions
Jun 6 2022 // Charleston, SC., June 06, 2022 – Johnson & Johnson will expand its footprint into Texas and Oklahoma by acquiring the assets of the Wholesale Brokerage & Binding and Managing General Underwriting units of...
Starkweather & Shepley Acquires Connecticut’s Ferman Group
Jun 3 2022 // Rhode Island-based Starkweather & Shepley Insurance Brokerage (S&S) reports it has acquired Ferman Group, an East Hartford, Connecticut employee benefits agency serving mid-sized businesses in New England. Geoff...
LexisNexis Acquires Home Inspection Tech Firm Flyreel
Jun 3 2022 // LexisNexis Risk Solutions has acquired Flyreel, a Denver-based property technology firm that uses artificial intelligence (AI) and machine learning to enable self-service property inspections. Flyreel says its technology...
Latitude Subrogation Acquires Ohio’s Inspection Connection
Jun 2 2022 // Latitude Subrogation Services, LLC (LSS), a subrogation services and solutions provider for insurers, self-insured entities, third-party administrators (TPAs), and specialty risk companies, recently acquired acquired...
Marsh McLennan Agency Expands in New England With Acquisition of Clark Agency
Jun 2 2022 // Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced it has acquired Clark Insurance, a leading independent agency based in Maine with offices in other New England states. Terms of the acquisition were not...
Hub Acquires Maryland’s Sandy Spring Insurance
Jun 2 2022 // Chicago-headquartered insurance broker Hub International Limited reports it has acquired the assets of Sandy Spring Insurance Corp. Located in Annapolis, Maryland, Sandy Spring Insurance, a subsidiary of Sandy Spring Bank,...
One80 Intermediaries Buys VFIS of North Carolina
Jun 2 2022 // One80 Intermediaries, a wholesale insurance broker, has agreed to acquire VFIS of North Carolina, part of a firm that provides coverage for fire departments and rescue squads. VFIS began in 1969 as Volunteer...
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...
