Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
UK Broker Price Forbes Acquires 100% Stake of Chile Business
Jul 21 2021 // Price Forbes, a London-based insurance broker, announced it has increased its shareholding in Price Forbes Chile to 100% as part of its commitment to invest in growing its presence in Latin America. Price Forbes has grown...
Texas’ Incline P&C Group Partners with CRC’s 5Star Specialty Programs
Jul 20 2021 // Austin, Texas-based Incline P&C Group, through its Incline Casualty Co., is partnering with CRC Group’s 5Star Specialty Programs on transportation risks. Incline P&C Group is an insurance program market...
Liberty Mutual Looks to Acquire Malaysian P/C Insurer AmGeneral
Jul 19 2021 // Boston-based Liberty Mutual Insurance said it will be applying for regulatory approval to acquire Malaysian property/casualty insurer AmGeneral Insurance Berhad, which is currently 51%-owned by AmBank Group and 49%-owned...
The Hilb Group Builds Virginia Presence with Six July Acquisitions
Jul 19 2021 // The Hilb Group (THG) is building its presence in its home state with six acquisitions of Virginia-based agencies so far this month. The acquisitions were effective July 1. “We’re always looking to grow,...
P/C Agency Mergers Rise 10% in First Half of 2021: OPTIS Partners
Jul 19 2021 // There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in 2020. According to OPTIS Partners’ M&A report, it was the highest recorded total...
Witness Says Suspended Georgia Insurance Commissioner Used Arson Money to Buy Campaign Signs
Jul 18 2021 // Suspended Georgia Insurance Commissioner Jim Beck improperly took money from the private insurer he led and used it to buy campaign signs when the Republican ran for office in 2018, a witness testified Friday in...
Enstar to Repurchase Hillhouse’s Equity Stake, Buys Controlling Interest in Enhanzed Re
Jul 16 2021 // Bermuda-based Enstar Group Ltd. announced it has entered into an agreement to repurchase Hillhouse Capital Management’s entire remaining stake in Enstar for $879.3 million. The shares constitute 16.9% of total...
World Insurance Associates Acquires New Jersey’s McCue Captains Agency
Jul 16 2021 // World Insurance Associates LLC (WIA) has acquired McCue Captains Agency of Little Silver, New Jersey, on July 1, 2021. Terms of the transaction were not disclosed. McCue Captains Agency was founded in 1927 as a local...
Alera Group Acquires Louisiana’s AGM Benefit Solutions
Jul 15 2021 // Deerfield, Ill.-based insurance and wealth management firm, Alera Group, has acquired AGM Benefit Solutions, a provider of voluntary benefits, enrollment services and benefits technology headquartered in Baton Rouge,...
Confie Expands Portfolio with Two Acquisitions
Jul 15 2021 // Largest Personal Lines Insurance Distribution Company Continues Growth With Purchase of ASAP and Axiom Insurance HUNTINGTON BEACH Calif. (July 15, 2021) – Confie, the largest personal lines insurance distribution company...
Beazley Renews Capacity Support for Spring Partners’ Financial Institutions Business
Jul 14 2021 // Spring Partners, the London-based managing general agency platform, announced that insurer Beazley has renewed its capacity support for Spring’s financial institutions business for another 12 months from July 1,...
Hub International Limited Acquires Virginia’s Pete Webb Agency
Jul 13 2021 // Hub International Limited (Hub), a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of Pete Webb Agency. Terms of the transaction were not disclosed. Owner Pete Webb was...
Crest Insurance Group Acquires SpringbergMcAndrew in Arizona
Jul 12 2021 // Crest Insurance Group has acquired SpringbergMcAndrew Insurance in Lake Havasu City, Ariz. Principal Mike McAndrew joined the firm in 1989. McAndrew and longtime co-owner Brian Springberg have since grown the company to...
Liberty Mutual to Acquire State Auto Group
Jul 12 2021 // Insurer Liberty Mutual reported that it will acquire State Auto Group, a super-regional insurance holding company headquartered in Columbus, Ohio. Under the terms of the agreement, State Auto mutual members will become...
Applied Underwriters Acquires Generali’s U.S. Specialty Lines Division
Jul 12 2021 // Applied Underwriters has acquired the U.S. Specialty Lines division of Generali Group including Generali Warranty Services, which offers extended warranty programs and contractual liability insurance services. Applied...
Goldman Sachs-Backed Broker Aston Lark Acquires UK Golf Club Specialist Linkscover
Jul 12 2021 // Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of the Linkscover brand to further strengthen its sports and leisure expertise. Financial details of the transaction...
Scottish American Acquires Kaliff Insurance in Texas
Jul 9 2021 // Scottish American has acquired Kaliff Insurance of San Antonio, Texas. Terms of the deal were not disclosed. Kaliff Insurance was founded by Morris H. Kaliff in 1917. Today, his grandson Mitchell Kaliff is the...
AXA Partners, Club Med Launch Travel Insurance Program
Jul 9 2021 // Club Med and AXA Partners have signed an agreement to offer an insurance policy designed to cover unforeseen events that travelers may encounter before, during or after their trip, including COVID-19. The “Serenity...
BMS Re Acquires Trean Intermediaries in Minnesota
Jul 9 2021 // BMS Re has acquired Trean Intermediaries, a Wayzata, Minn.-based independent reinsurance broker and services company. BMS Re has acquired Trean in full, with staff and infrastructure transferring to BMS Re. Sean Ryan,...
EU Approves Aon-Willis Towers Watson Merger, but Other Roadblocks Remain
Jul 9 2021 // The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed $30 billion merger. But there are more roadblocks to overcome. The approval is conditional on...
