Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Higginbotham Buys Lyon Fry Cadden in Alabama
Apr 20 2022 // Lyon Fry Cadden Insurance, one of the oldest property and casualty brokers in Alabama, is now part of Higginbotham, one of the largest U.S. brokers and human resources and benefits firms. Higginbotham said in a press...
Insurtech Funding Levels Come Crashing Down in Q1
Apr 20 2022 // Funding for the insurtech sector plummeted 58% in the first quarter of 2022 compared to fourth-quarter 2021, according to data released Tuesday by CB Insights. The total funding amount of $2.2 billion across 143 deals,...
Gulf Coast, Mississippi River Regions Eager for Flood Funding
Apr 19 2022 // When Hurricane Ida hit last summer, a storm surge overwhelmed a levee and gushed into Ted Falgout’s coastal Louisiana home, destroying his furniture and the beloved framed photos of his twin sons kissing him on their...
Arthur J. Gallagher Acquires Illinois’ G.A. Mavon & Mavco
Apr 19 2022 // Arthur J. Gallagher & Co. announced the acquisition of Hinsdale, Illinois-based G.A. Mavon & Co. and its Mavco Insurance Agency, Inc. subsidiary. Terms of the transaction were not disclosed. Founded in 1916, G.A....
How Warren Buffett Does a Deal: Alleghany Merger Backstory
Apr 18 2022 // Berkshire Hathaway didn’t require Alleghany to pay any breakup fee in the event another potential acquirer topped an $11.6 billion deal price that Warren Buffett offered to CEO Joseph Brandon in early...
King Brokerage Acquires Ameriway in NE Florida
Apr 18 2022 // The King Insurance brokerage firm has acquired Ameriway Insurance Co., based in Fernandina Beach, Florida, the companies announced. Ameriway provides commercial and personal lines coverage and was founded by Charles Hayes....
Relation Insurance Grows in East, Acquiring Ex-Nationwide Agency in Connecticut
Apr 14 2022 // California-based national agency Relation Insurance Services reports it has acquired the assets of Guilford, Connecticut-based Yerkes-Stephens Insurance. Yerkes-Stephens was previously part of Nationwide Mutual Insurance...
One80 Acquires New York-Based Marine Wholesaler Seacoast Specialty
Apr 13 2022 // Boston-based specialty insurance broker One80 Intermediaries reported that it has acquired New York-based Seacoast Specialty Administrators, Inc. Terms of the deal were not disclosed. Established in 1997, Seacoast is a...
Howden to Acquire UK-Based SPF Private Clients
Apr 13 2022 // Howden, the London-based international insurance broker, announced the signing of the acquisition of SPF Private Clients (SPF), subject to regulatory approval. Financial details of the deal were not disclosed. SPF was...
Xenia Buys Majority Stake in Hong Kong’s Capstone Insurance Brokers
Apr 13 2022 // Xenia Broking Group Ltd., the credit insurance and surety specialist broker, announced it has acquired a majority stake in Capstone Insurance Brokers Ltd., a Hong Kong-based insurance broker with specialist expertise in...
Global MGU Victor Enters Reinsurance, Acquiring Rhode Island Firm RTSC
Apr 13 2022 // Victor, a global managing general underwriter (MGU), is expanding its underwriting capabilities into the reinsurance market. The firm announced it has acquired the business of Regional Treaty Services Corp. (RTSC), a...
World Insurance Expands in New Jersey with Acquisition of J. Stine Agency
Apr 13 2022 // World Insurance Associates has acquired J. Stine Agency, Inc. of Little Silver, New Jersey. Terms of the transaction were not disclosed. Stine Agency is a family owned agency offering flood, home, life, auto, boat,...
Hub Acquires Evo Insurance Services in California
Apr 12 2022 // Hub International Ltd. acquired the assets of EVO Insurance Services Inc. in Chico, California. Shawn Blofsky, president & founder of EVO Insurance Services, and the EVO Insurance Services team will join Hub Central...
Arthur J. Gallagher & Co. Acquires UK’s Churchills International Consulting
Apr 12 2022 // Arthur J. Gallagher & Co. announced the acquisition of Nottingham, England-based Churchills International Consulting. Terms of the transaction were not disclosed. Founded in 1974, Churchills International Consulting...
NFP Acquires Dublin-Based ReSure Corporate Brokers
Apr 12 2022 // NFP, the New York City-based property/casualty insurance broker and consultant, has acquired Irish-owned ReSure Corporate Brokers, a specialist commercial insurance broker. Financial details of the transaction were not...
AXA in Talks to Buy Majority Stake in Banco BPM’s Insurance Units
Apr 12 2022 // AXA SA is in early-stage talks to buy a controlling stake in Banco BPM SpA’s insurance businesses valued at about 1.5 billion euros ($1.6 billion), according to people with knowledge of the matter. AXA is considering...
Thomas H. Lee Partners to Become Majority Shareholder of Carpe Data
Apr 11 2022 // Private equity firm Thomas H. Lee Partners (THL) today said it made a strategic growth investment in Carpe Data, a provider of data products for the insurance industry. With the investment, THL will become the majority...
Relation Insurance Acquires BRK in Louisiana
Apr 8 2022 // Relation Insurance Services announced it acquired the assets of Louisiana-based BRK Insurance Group. Terms of the transaction were not disclosed. BRK provides employee benefits and commercial lines insurance solutions to...
ALKEME Acquires ERM Insurance Brokers in California
Apr 8 2022 // ALKEME acquired ERM Insurance Brokers in Santa Ana, California. ERM specializes in Hospitality, construction, cannabis, manufacturing, woodworking, cyber and retail/wholesale. Ladera Ranch, California-based ALKEME is...
Hub International Buys Maryland Broker Marketing Management Associates
Apr 8 2022 // Global insurance broker Hub International has acquired the assets of Marketing Management Associates, Inc. of Landover, Maryland. Terms of the transaction were not disclosed. Marketing Management Associates is a commercial...
