Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires Majority Stake in Turkish Specialty Broker
Aug 12 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a majority stake in Turkish specialty broker Brokers’ House (BH Sigorta ve Reasürans Brokerligi A.S.). Terms of the...
Hagerty and State Farm Partnering on Classic Vehicle Insurance
Aug 12 2021 // State Farm is collaborating with Traverse City, Michigan-based Hagerty to introduce a new insurance product for classic vehicles, State Farm Classic+, beginning in 2022. Hagerty is an automotive lifestyle brand and a...
Berkley Program Specialists, Illinois’ CISA Partner on Condominium Insurance
Aug 11 2021 // Berkley Program Specialists, a Berkley Company, and Condominium Insurance Specialists of America (CISA) are partnering to provide insurance protection to condominiums and associations. Condominium Insurance Specialists of...
Lockton Re Partners with Nephila Capital to Launch Automated ILS Placement Solution
Aug 11 2021 // Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, announced a first-of-its-kind, digital capability called “Lockton Re SAGELink Automated Placement...
Ally Financial to Offer Home Insurance in Partnership With Hippo
Aug 11 2021 // U.S. online bank Ally Financial has agreed to backstop home insurance policies provided by Hippo Holdings Inc., providing capital for the latter to generate more business, the companies told Reuters. Hippo will underwrite...
McGowan Acquires Assets of Michigan’s Arbanas & Associates
Aug 10 2021 // The McGowan Companies (McGowan) acquired the assets of Arbanas & Associates (Arbanas) in Grosse Pointe Farms, Michigan, effective Aug. 1. Arbanas specializes in writing professional liability for accountants, lawyers,...
Goldman Sachs-Backed Aston Lark Acquires UK-Based Essex Insurance Brokers
Aug 10 2021 // Aston Lark Group, the London-based insurance broker backed by Goldman Sachs, announced it has acquired Essex Insurance Brokers Ltd. Established in 1964 and based in Hornchurch, England, Essex Insurance Brokers serves both...
Arch Re Closes Acquisition of Somerset Bridge Group
Aug 9 2021 // Arch Reinsurance Ltd. has completed the acquisition of Somerset Bridge Group Limited, Southern Rock Holdings Limited and affiliates. Arch Re originally announced its plan to acquire Somerset in June. The acquisition...
Brookfield Reinsurance Unit to Buy American National for $5.1 Billion
Aug 9 2021 // Brookfield Asset Management Inc.’s reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. Started in 1905 by William Lewis...
MGA Insurtech Corvus Acquires Cyber-Focused Wingman Insurance
Aug 6 2021 // Managing general agent Corvus Insurance, fresh off of raising $115 million in new venture financing, has made an acquisition with an eye on the admitted coverage marketplace and more digital platform partnerships. More...
Alliant Acquires Benefit Concepts in Texas
Aug 5 2021 // Alliant Insurance Services acquired group and individual benefits agency, Houston-based Benefit Concepts Inc. (BCI). Founded in 1983, BCI provides a full range of employee benefits products and services to businesses and...
People Moves: Miller Named Partner at Kapnick Insurance; Betts Joins Great American’s Dempsey & Siders Insurance
Aug 5 2021 // Kapnick Insurance Douglas Miller is now a partner at Ann Arbor, Michigan-based Kapnick Insurance. Miller is an experienced advisory specialist and advocate in the complex and evolving needs of today’s corporate and...
Ratings Firm Moody’s to Acquire Catastrophe Modeler, Analytics Firm RMS for $2 Billion
Aug 5 2021 // Moody’s Corp. has agreed to acquire RMS, a global provider of climate and natural disaster risk modeling and analytics, for approximately $2.0 billion (1.425 billion pounds) from Britain’s Daily Mail and...
Many InsurTechs Go Under Quietly While Others Ride Funding Wave
Aug 5 2021 // While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their doors with much less...
While Aon and Willis Were Focused on Merger, Marsh Attracted Producer Talent
Aug 5 2021 // While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the “distraction and uncertainty”...
Investors Complete Acquisition of Specialty Insurer ProSight Under Plan to Go Private
Aug 4 2021 // Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty...
IMA Financial Acquires Diversified Insurance Group in Utah
Aug 4 2021 // IMA Financial Group has acquired Salt Lake City, Utah-based Diversified Insurance Group. Terms of the deal were not disclosed. Diversified will retain its name as a division of IMA Inc. Its CEO, Spence Hoole, will remain...
MJ Insurance Acquires ProCourse Fiduciary Advisors in Indiana
Aug 4 2021 // Indianapolis-based risk management and employee benefits agency, MJ Insurance, acquired ProCourse Fiduciary Advisors (ProCourse) in Carmel, Indiana. MJ said the partnership enables the firms to offer a holistic approach to...
Risk Strategies Buys Centric Actuarial Solutions in Kansas
Aug 4 2021 // National specialty insurance brokerage and risk management firm, Risk Strategies, acquired property/casualty actuarial consulting firm Centric Actuarial Solutions LLC, based in Overland Park, Kansas. Terms of the deal were...
Goldman Sachs-Backed Aston Lark Acquires UK Broker Plester Group
Aug 4 2021 // Aston Lark, the London-based insurance broker backed by Goldman Sachs, announced the acquisition of Plester Group. Established in 1964 and based in Kidderminster, England, with a dedicated team of 19, the Plester Group...
