Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
McLarens Acquires Canadian Loss Adjusting Firm MGB Claims Consultants
Aug 4 2021 // McLarens, the Atlanta-based independent insurance services provider, announced the acquisition of MGB Claims Consultants Inc., a complex commercial claims adjusting firm in Canada. Financial terms of the transaction were...
Sale of Willis Re Still Possible After Collapse of Aon Merger, Gallagher Deal
Aug 3 2021 // Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through. Willis and broker...
Zurich Insurance Nearing Deal to Buy Deutsche Bank’s Italian Advisers Unit: Sources
Aug 3 2021 // Zurich Insurance Group AG is nearing a deal to buy Deutsche Bank AG’s Italian financial promoters network, according to people familiar with the matter. Zurich has emerged as the leading candidate to buy DB Financial...
Confie Acquires ASAP Insurance in Texas
Aug 3 2021 // Huntington Beach, California-based personal lines insurance distribution company, Confie, acquired ASAP Insurance in Texas. With the acquisition of ASAP Insurance, the company broadens its presence in Texas. ASAP stores...
New Securities Class Actions Including M&As Down But SPAC-Related Suits Up
Aug 2 2021 // Plaintiffs filed 112 new securities class action lawsuits in federal and state courts in the first half of 2021, down 25% from the second half of 2020. This was the lowest number of filings since the first half of 2015,...
People Moves: JLT Re’s González to Oneglobal LatAm; Aon’s Cousar to McGill and Partners in APAC; CFC’s Alsegard Leads Gallagher’s IP Practice
Aug 2 2021 // This edition of International People Moves covers appointments at three London-based brokers: Oneglobal, McGill and Partners, and Gallagher A summary of these new hires follows here. José Miguel González Oneglobal...
Aon’s Price Tag for Scrapped Deal to Buy Willis Rises to $1.4B
Aug 2 2021 // Insurance broker Aon Plc said on Friday it could have to expend up to $400 million in additional costs tied to the termination of its mega merger deal with Willis Towers Watson, over and above the $1 billion it was...
NFP Acquires Dublin-Based P/C Broker Aiken Insurances
Aug 2 2021 // NFP, a New York City-based insurance broker and consultant, announced it has acquired Aiken Insurances Ltd. (AIL). Financial details of the deal were not disclosed. Dublin-based AIL is a retail and commercial insurance...
Arthur J. Gallagher & Co. Acquires R.J. Riordan & Co. in Illinois
Jul 30 2021 // Arthur J. Gallagher & Co. acquired Oakbrook, Illinois-based R.J. Riordan & Co. R.J. Riordan & Co. is a retail property/casualty broker offering a full range of insurance products and services to clients across...
Howden Acquires Independent Italian Broker Andrea Scagliarini SpA
Jul 29 2021 // Howden, the London-based insurance broker, announced an agreement to acquire Italian broker Andrea Scagliarini SpA. Financial details of the transaction were not disclosed. By establishing operations in Italy, Howden adds...
British On-Demand Drone Insurer Flock Raises $17 Million in Funding
Jul 29 2021 // British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya’s Social Capital, Flock said on Thursday. Flock started out insuring commercial...
Keystone Agency Investors Partners with 2 Midwest Agencies
Jul 28 2021 // Keystone Agency Investors (KAI), a private equity backed investment firm that is a majority owner of independent insurance agencies, entered into equity partnerships with Arachas Group LLC in Bartlett, Illinois, and Mason...
The Hilb Group Acquires Massachusetts’ MillBrook Benefits and Insurance Services
Jul 28 2021 // The Hilb Group has acquired Massachusetts-based MillBrook Benefits and Insurance Services LLC, strengthening its presence throughout New England. Based in East Longmeadow, Massachusetts, MillBrook specializes in customized...
Aon Launches New Executive Committee Following Decision to Terminate Willis Merger
Jul 28 2021 // Aon plc has introduced a new Aon Executive Committee (AEC), following the broker’s recent decision to terminate its $30 billion acquisition of Willis Towers Watson. The AEC will be comprised of four solution lines,...
Peak Re to Buy Remaining 50% Stake in Caribbean Insurance Group NAGICO
Jul 28 2021 // Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it has reached a definitive agreement to acquire the remaining 50% issued share capital of the Caribbean insurance group NAGICO Holdings...
NFP in Canada and Aviation Broker Piiq Risk Form Exclusive Partnership
Jul 28 2021 // NFP, a New York-based insurance broker and consultant, announced the formation of an exclusive strategic partnership in Canada with aviation re/insurance broker Piiq Risk Partners. The NFP Complex Risk Solutions Group will...
Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped
Jul 27 2021 // Arthur J. Gallagher & Co. announced it has terminated its May 12, 2021 agreement to acquire Willis Re and certain other Willis Towers Watson operations for $3.57 billion. Both Gallagher and Willis Towers Watson filed...
U.S. AG Garland Hails Aon-Willis Merger Termination as a ‘Victory for Competition’
Jul 26 2021 // U.S. Attorney General Merrick Garland today welcomed the decision by insurance brokers Aon and Willis Towers Watson to terminate their planned $30 billion merger. “This is a victory for competition and for American...
Update: Aon and Willis Terminate $30B Merger; Aon to Pay $1B Break-up Fee
Jul 26 2021 // Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their $30 billion business combination agreement and end litigation with the U.S. Department of Justice (DOJ). The proposed combination was...
Alera Group Acquires Oklahoma’s Keller Insurance Agency
Jul 23 2021 // Alera Group, an independent, national insurance and wealth management firm based in Deerfield, Illinois, acquired Keller Insurance Agency, a firm specializing in commercial property/casualty insurance, with a particular...
