Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Mosaic to Buy Sirius Int’l Lloyd’s Managing Agency; SiriusPoint to Be Mosaic Investor
Mar 10 2022 // Mosaic Insurance has entered into an agreement to purchase the Lloyd’s managing agency of SiriusPoint as part of a transaction in which the global re/insurer will become a strategic investor in Mosaic. Under the...
HUD: Texas Agency Discriminated in Hurricane Harvey Flood Relief Funding
Mar 10 2022 // Texas’ administration of flood relief money from Hurricane Harvey broke federal law by discriminating against Black and Hispanic residents in the Houston area, according to a decision by the federal housing agency...
Hub Acquires Niedermeyer Risk Management in Oregon
Mar 10 2022 // Hub International Ltd. acquired the assets of Niedermeyer Risk Management LLC in Beaverton, Oregon. Jon Niedermeyer, CEO & managing partner of Niedermeyer Risk Management, and the Niedermeyer Risk Management team will...
Hub Acquires Pacific Northwest Insurance in Washington
Mar 8 2022 // Hub International Ltd. acquired the assets of Pacific Northwest Insurance Inc. in Kirkland, Washington. Robert James, principal of PNI, and the PNI team will join Hub Northwest. PNI provides property/casualty, and personal...
U.S. Broker Brown & Brown Agrees to Acquire UK’s Global Risk Partners Ltd.
Mar 8 2022 // U.S. broker Brown & Brown Inc. has entered into an agreement to acquire Global Risk Partners (GRP) from its private equity owner Searchlight Capital Partners L.P. The acquisition, which is subject to regulatory...
ALKEME Acquires Chergey Insurance in California
Mar 8 2022 // ALKEME acquired Chergey Insurance in Thousand Oaks, California. Chergey Insurance offers services including workers’ compensation, property, general liability, and commercial auto. ALKEME is brokerage operating in 50...
Eastern Insurance Acquires Michals Agency in Massachusetts
Mar 8 2022 // Natick, Massachusetts-based Eastern Insurance Group reports it has acquired the operating assets of Michals Insurance Agency, an insurance agency about 16 miles away in Watertown. Terms were not disclosed. The transaction...
Hub Acquires Illinois’ Kuhl Insurance Agency
Mar 7 2022 // Hub International Limited has acquired the assets of Kuhl Insurance Agency, Inc. Terms of the transaction were not disclosed. Located in Morton, Illinois, Kuhl Insurance is an independent agency providing commercial and...
Re/Insurance Group Aventum Acquires Actuarial Consultant Mulberry Risk
Mar 7 2022 // Aventum, the London-based re/insurance group, has acquired Mulberry Risk, a boutique consultancy providing actuarial, analytical, exposure and capacity management services to MGAs. Financial details of the acquisition were...
AIA Group Agrees to Buy Bank of East Asia’s Non-Life Insurance Businesses for $278M
Mar 7 2022 // Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services businesses to a unit of AIA Group Ltd. for an aggregate HK$2.168 billion ($278 million). BEA agreed to sell...
Hub Acquires Western Assurance Corp. in New Mexico
Mar 7 2022 // Hub International Ltd. acquired the assets of Western Assurance Corp. in Albuquerque, New Mexico. Chris Williams, president of Western Assurance, and the Western Assurance team will join Hub Southwest. Western Assurance is...
Element Risk Management Acquires Pennsylvania’s Ross Insurance
Mar 4 2022 // Element Risk Management has acquired Ross Insurance, a personal and commercial lines agency located in Lancaster, Pennsylvania. Terms of the transaction were not disclosed. Ross Insurance was founded in 1960 by Bill Ross...
$12.8M in Funding Authorized for Arizona Wildfire Recovery
Mar 4 2022 // The U.S. Department of Agriculture has agreed to provide $12.8 million in emergency funding to help parts of Arizona recover from three major wildfires in recent years, two members of the state’s congressional...
Truist Opens Insurance Services Unit with Close of Kensington Title Agency Acquisition
Mar 3 2022 // Insurance broker Truist Insurance Holdings, Inc. reports it has closed on the acquisition of Kensington Vanguard National Land Services (KV), a national title insurance agency. BridgeTrust Title Group, the company’s...
APCIA Joins Group Pushing for Reforms on Litigation Funding
Mar 3 2022 // A new advocate group in New York that counts the American Property Casualty Insurance Association (APCIA) as a member is looking to crack down on the practice of litigation funding. The Consumers for Fair Legal Funding...
DARAG Acquires Guernsey Reinsurance Captive in Run-Off
Mar 3 2022 // DARAG Group, an international insurance and reinsurance group that specializes in the assumption of discontinued businesses, has acquired a Guernsey based reinsurance captive. DARAG said the sale of the captive, which has...
Acrisure Continues Global Expansion With Acquisition of Spain’s Summa Brokerage
Mar 3 2022 // Michigan, U.S.-based financial services and insurance brokerage firm Acrisure reports it has acquired a top insurance brokerage in Spain, Summa Insurance Brokerage. Since its founding in 2005, Summa has grown revenues to...
Counterpart Raises $30 Million in Series B Funding Round
Mar 1 2022 // Counterpart, the management liability insurtech, announced raising $30 million in Series B growth financing led by Vy Capital, a global technology investment company that has backed leading companies such as Coalition and...
Hub, Bold Penguin to Acquire Small-Business Digital Agency Insureon
Mar 1 2022 // Brokerage Hub International and insurtech Bold Penguin have agreed to acquire digital agency Insureon Holdings. Chicago-based Insureon calls itself the top independent marketplace for online delivery of small-business...
UK’s Howden to Acquire Major Italian Broker Assiteca
Mar 1 2022 // Global insurance intermediary Howden Group Holdings has agreed to acquire a major Italian insurance broker, Assiteca. Howden plans to acquire 86.965% of the outstanding share capital of Assiteca S.p.A. held by...
