Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
UK Broker Ardonagh to Acquire Portugal’s MDS Group
Dec 27 2021 // UK broker Ardonagh Group announced it has agreed to acquire Portuguese broker MDS Group. Headquartered in Porto, MDS has offices in Brazil, where it is the country’s largest independent broker, as well as Angola,...
Italian Judge Drops Case Against Unipol CEO Over Merger With Insurer Fondiaria
Dec 27 2021 // An Italian judge on Thursday dropped a case against the CEO of Unipol and six other people related to the 2013 merger between Italy’s second-largest insurer and smaller rival Fondiaria-SAI, a judicial document seen...
King Insurance Acquires Three More Agencies
Dec 27 2021 // King Insurance, a Florida-based insurance broker and employee benefits firm, has acquired three agencies in Florida and Georgia, bringing to 11 the number of acquisitions for the company this year. King, headquartered in...
World Insurance Associates Acquires Total Coverage Insurance in Texas
Dec 22 2021 // World Insurance Associates LLC has acquired Total Coverage Insurance of Irving, Texas. Terms of the transaction were not disclosed. TCI offers all-encompassing services to their customers. They provide commercial and...
Alera Group Acquires Ashbrook-Clevidence in California
Dec 22 2021 // Alera Group acquired Ashbrook-Clevidence Inc. in Santa Ana, California. The Ashbrook-Clevidence team will continue serving clients in its existing roles. Ashbrook-Clevidence provides employee benefits, property/casualty...
Butler & Messier Insurance Acquires Two Rhode Island Agencies
Dec 22 2021 // Butler & Messier Insurance recently acquired two Cranston, Rhode Island, insurance agencies to add to its expanding statewide footprint. Effective October 1, 2021, Butler & Messier successfully closed on the final...
Acrisure Acquires Parts of SUNZ Insurance Operations
Dec 22 2021 // Acrisure, a fintech company and insurance broker, has acquired the managing general agency and third-party administrator operations of Florida-based SUNZ Insurance, a workers’ compensation specialist, the company...
Title Insurer Stewart Acquires Midwest, Florida Title Firms
Dec 21 2021 // Stewart Information Services Corp. reported it has acquired firms in the Midwest and Florida as it continues to gain scale. Stewart has acquired Greater Illinois Title Co., which is headquartered in Chicago, and operates...
Global M&A Activity Shatters Records, Topping $5 Trillion in 2021
Dec 21 2021 // LONDON/HONG KONG – Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high...
Arthur J. Gallagher Acquires Bradawn Insurance Services in California
Dec 20 2021 // Arthur J. Gallagher & Co. acquired Escondido, California-based Bradawn Insurance Services Inc. Dawna Gray and her associates will remain in their current location under the direction of Scott Gregory, head of...
The Hilb Group Acquires Charles Newman Co., Builds on New York Presence
Dec 20 2021 // The Hilb Group acquired Charles Newman Co. Insurance and Employee Benefits to its portfolio, adding to The Hilb Group’s growing presence in the New York metropolitan area. The transaction became effective December 1,...
Insurer Storebrand to Buy Norwegian Pensions Unit From Danske Bank for $221M
Dec 20 2021 // OSLO/COPENHAGEN – Insurer Storebrand has agreed to buy the Norwegian unit of Danish pension provider Danica from Danske Bank, the companies said on Monday. Norway’s Storebrand will pay 2.01 billion Norwegian crowns...
M&A Insurance Rates Nearly Double After Explosion of Dealmaking During Pandemic
Dec 20 2021 // The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. Potential buyers take out...
Business Moves: PointeNorth Acquires AIE; United to Sell Personal Lines
Dec 17 2021 // PointeNorth Insurance Group, a regional agency, has acquired Alabama Insurance Exchange, based in Birmingham, the company said in a news release. AIE is now part of the PointeNorth Alliance, which offers access to...
Hub Acquires Assets of JP Griffin in Arizona
Dec 16 2021 // Hub International Ltd. acquired the assets of JP Griffin Companies LLC in Scottsdale, Arizona. Jeff Griffin, Founder and President of JP Griffin Group, and his team will join Hub Southwest. JP Griffin Group is a national...
The Hilb Group Acquires Maryland’s PSA Insurance & Financial Services
Dec 16 2021 // The Hilb Group brought PSA Insurance & Financial Services into its portfolio, further strengthening its presence in the Mid-Atlantic region as well as building on its range of employee benefits, commercial and personal...
‘Cat-Focused’ Kin Insurance Acquires Shell for Expansion; Expects SPAC Closing in Q1
Dec 16 2021 // Kin Insurance, a digital direct-to-consumer home insurer that targets catastrophe-prone areas, said it has has acquired an inactive insurance carrier holding licenses in 43 states. Kin, which has operated in Florida,...
Zurich Insurance to Acquire Conversational AI Company AlphaChat
Dec 16 2021 // Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital...
Louisiana Private Insurer to Acquire Policies from Insolvent Insurance Companies
Dec 15 2021 // An unnamed Louisiana private insurer will assume to acquire all policies from two insolvent homeowners insurance companies that were placed into receivership in November by the Louisiana Department of Insurance. Louisiana...
Arthur J. Gallagher Acquires Illinois’ Tave Risk Management
Dec 15 2021 // Arthur J. Gallagher & Co. has Chicago-based Tave Risk Management, LLC. Terms of the transaction were not disclosed. Founded in 2000, Tave Risk Management, LLC is a retail property/casualty broker and risk advisory firm...
