Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Relation Acquires Former Nationwide Agency, Hodge Ethridge, in South Carolina
Jan 27 2022 // Relation Insurance Services has continued its rapid-expansion plan with the purchase of South Carolina-based Hodge Ethridge Insurance and Financial Services, the company announced. The terms of the deal were not disclosed....
First Light Dives in With Marine N-Surance Acquisition
Jan 27 2022 // Marine N-Surance Brokers, a wholesaler and managing general agency in Longwood, Florida, has been acquired by First Light Program Managers, the firms announced. Marine was founded in 2002 by Paul Greenaway and has...
Generali to Raise Stake in Indian P/C Insurance Joint Venture to 74%
Jan 27 2022 // Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the P/C business, Generali has agreed to acquire 25% of the shares of Future Generali India...
Alera Group Acquires Gales Agency in Michigan
Jan 27 2022 // Alera Group has acquired Gales Agency,Inc., an independent insurance agency providing a full line of insurance products including home, business, auto and life insurance policies to protect families. Gales Agency, Inc.,...
Relation Acquires Texas’ Davenport
Jan 26 2022 // Relation Insurance Services, Inc has acquired the assets of Wilson R Davenport & Associates LLC, headquartered in McAllen, Texas. Davenport provides employee benefits solutions to clients throughout South Texas. Wilson...
Element Risk Acquires Hoffman and L&B in Pennsylvania, Stoneburner-Carter in Virginia
Jan 25 2022 // Pennsylvania-based Element Risk Management has acquired two Pennsylvania insurance agencies and another in Virginia, The Pennsylvania agencies are W.S. Hoffman Insurance located in Phoenixville, and L&B Insurance and...
USI Acquires Texas’ D&H Risk Services
Jan 24 2022 // USI Insurance Services has acquired Longview, Texas-based D&H Risk Services LLC. Founded in 1936, D&H Risk Services is an independent risk management and employee benefits agency serving businesses and individuals...
Howden Acquires Italy’s Tower SpA
Jan 24 2022 // Howden, the London-based insurance broker, announced the acquisition of Tower SpA, a Vicenza, Italy-based specialist insurance broker and risk consulting company. This follows the acquisition of the highly regarded Andrea...
Ford Motor, ADT $105M Joint Venture Targets Vehicle Security Systems
Jan 24 2022 // Ford Motor Co. and ADT Inc. have launched a $105 million joint venture, Canopy, to develop and market in-vehicle security systems for commercial and retail customers, the companies said. The first standalone systems, due...
Allstate Buys Downtown Chicago Office Building After Selling Northbrook Campus
Jan 21 2022 // The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook, Illinois. Allstate confirmed it purchased the property at 29 N. Wacker Drive in...
Relation Insurance Acquires Ginsberg Agency in New York
Jan 21 2022 // Relation Insurance Services, a national insurance agency based in California, has acquired the assets of New York-based Ginsberg Agency, the company announced Thursday. Terms of the deal were not disclosed. Ginsberg...
American Financial Buys Artificial Intelligence Company Verikai
Jan 21 2022 // American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120...
Alera Group Acquires Texas-Based Heritage Risk Management
Jan 20 2022 // Alera Group, a national insurance and wealth services firm, has acquired Amarillo, Texas-based Heritage Risk Management, a network of independent risk management agencies which serve clients throughout Texas, Oklahoma,...
Insurtech Reask Gets Funding to Deliver Next-Generation Natural Disaster Modeling
Jan 20 2022 // Insurtech Reask, an Australian science and technology company that focuses on natural hazard modeling, announced it has closed its seed funding round, led by Tencent, the global technology giant headquartered in China. The...
Freeway Acquires Can-Do & Showers Insurance Agency in Idaho
Jan 19 2022 // Freeway Insurance, a division of Confie, acquired Can-Do & Showers Insurance Agency in Idaho. The acquisition is the first for Freeway Insurance in Idaho, and the 150th by the company since 2008. As part of the...
Alera Group Acquires New York-Based International Broker Foa & Son
Jan 19 2022 // Alera Group reports it has acquired Foa & Son, an international insurance broker based in New York City. Terms were not disclosed. Founded in 1861, Foa & Son maintains commercial practice groups in multinational...
Risk Strategies Acquires Burke Insurance Group in New Mexico
Jan 19 2022 // Risk Strategies acquired Burke Insurance Group LLC, a New Mexico-based commercial retail insurance agency. The acquisition marks Risk Strategies’ first entry in New Mexico. Headquartered in Las Cruces, New Mexico,...
Relation Acquires Georgia-based Allen, a Trucking Insurance Specialist
Jan 19 2022 // California-based Relation Insurance Services has reached across the country to acquire trucking industry specialist Allen Insurance Group, headquartered in Georgia. Based in Fort Valley, Georgia, Allen offers commercial...
Number of Insurance Agency M&As Rose 30% in 2021: OPTIS Partners
Jan 19 2022 // There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to agency consultancy OPTIS Partners. Also, the 384 deals during the fourth quarter of 2021 marked a...
Asian Insurer FWD Group Raises $200M in Pre-IPO Funding: Sources
Jan 19 2022 // Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as...
