Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub Acquires Assets of Verity and Bellehaven in California
Oct 8 2021 // Hub International Ltd. acquired the assets of Verity Insurance Services Inc. and Bellehaven Management Inc. Terms of the transaction were not disclosed. Located in Covina, Calif., Verity Insurance is an independent...
Riskonnect Acquires ESG Technology Firm ICIX
Oct 8 2021 // Integrated risk management software firm Riskonnect has acquired ICIX, a California-based value chain governance company that helps businesses manage their environmental, social and governance performance. The acquisition...
Chubb to Buy Some of Cigna’s Asia-Pacific Businesses for $5.8 Billion
Oct 8 2021 // U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the latest...
Insurers Could Owe $80M to Investors Suing Over 2016 Willis Merger With Towers Watson
Oct 8 2021 // Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for settlements with shareholders who cried foul after learning that the brokerage’s...
Hub International Acquires Quebec’s H.W. Hollinger (Canada)
Oct 8 2021 // Hub International Ltd., a Chicago-based insurance broker and financial services firm, announced it has acquired H.W. Hollinger (Canada) Inc. Terms of the transaction were not disclosed. Based in Montreal, Quebec, Canada,...
Specialty Program Group Acquires Assets of CM&F Group
Oct 7 2021 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, acquired the assets of CM&F Group, a digital provider of healthcare liability insurance coverage for...
Inszone Acquires Yuma Foothills Insurance in Arizona
Oct 6 2021 // Inszone Insurance Services acquired Yuma Foothills Insurance in Yuma, Ariz. Yuma Foothills Insurance has provided insurance services to both businesses and residents of Yuma and surrounding areas for more than 25 years....
Coalition Acquires Digital Commercial Agency Attune
Oct 6 2021 // Coalition, a San Francisco-based cyber insurance and security company, has acquired Attune, a digital agency with a platform focused on commercial insurance. With the acquisition, Coalition maintains it will be the...
Custard Adjusts Recipe, Acquires Specialty Group
Oct 6 2021 // Custard Companies, parent organization to Custard Insurance Adjusters, has acquired Florida-based Specialty Group Inc., an investigations and third-party administrator firm. Specialty, which opened in 1995, provides...
DOXA Insurance Holdings Acquires AGIA in California
Oct 5 2021 // AGIA Inc. in Carpinteria, Calif., and its sister company Worldwide Rescue and Security, Inc. have been acquired by DOXA Insurance Holdings LLC. Terms of the deal were not disclosed. AGIA will continue operations under the...
UK Competition Authority Investigating Gallagher Bid to Buy Willis Re
Oct 5 2021 // The UK’s Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the treaty reinsurance business of Willis Towers Watson by Arthur J. Gallagher & Co. In a brief...
Gallagher Acquires Grand Cayman’s Briat, UK’s Manchester Underwriting
Oct 5 2021 // Global insurance broker Arthur J. Gallagher & Co. announced it has acquired two agencies: Grand Cayman-based Briat Insurance Ltd. and UK-based Manchester Underwriting Agencies Limited. Terms of the transactions were...
Neptune Flood Acquires Parametric Earthquake Insurance Broker Jumpstart
Oct 4 2021 // Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric insurtech broker that offers parametric earthquake policies. Terms were not disclosed. Jumpstart, a licensed surplus...
Arthur J. Gallagher & Co. Buys UK MGA Manchester Underwriting Agencies Ltd.
Oct 4 2021 // Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary Pen Underwriting has acquired 100% of UK-based Manchester Underwriting Agencies Ltd. and its wholly owned subsidiary, Manchester...
New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round
Oct 4 2021 // New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and Faiz Shams. The startup aims to use the capital infusion to expand its team,...
Aston Lark Acquires UK Insurance Broker S. Johnson & Co.
Oct 4 2021 // Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of S. Johnson & Co. Ltd. Established in 1990 and based in Birmingham, England, with a dedicated team led by...
Insurance M&A Activity Slowed in P/C Sector in First Half of 2021
Oct 4 2021 // Merger and acquisition activity increased in the first half of 2021 in most insurance sectors but not in the property/casualty sector. According to Deloitte’s Midyear Insurance M&A Outlook, the number of M&A...
JZZ Tech Acquires Florida-Based Beacon Insurance Solutions
Oct 1 2021 // JZZ Technologies Inc. has acquired Florida-based Beacon Insurance Solutions, part of its continuing effort to reach the senior adult market with insurance and other services, the companies announced. “Following this...
Allianz Finalizes €330 Million Acquisition of Aviva Italia
Oct 1 2021 // Allianz S.p.A., the Italian holding company of the Allianz Group, announced it has finalized the acquisition of Aviva Italia S.p.A., the Italian property & casualty (P/C) insurance entity of the Aviva Group. The...
Howden Acquires CHB Insurance Brokers in Estonia
Oct 1 2021 // Howden, the international insurance broker, announced the acquisition of CHB Insurance Brokers (CHB), one of the pre-eminent property/casualty brokers in the Baltic region. Financial details of the transaction were not...
