Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
People Moves: FM Global Sets CEO Succession; Berkley Fire & Marine and ArgoPro Name Presidents; Next Insurance Adds M&A Chief
Jul 9 2021 // FM Global Appoints Roberts as President, Succeeding Lawson Global commercial property insurer FM Global announced that Executive Vice President Malcolm C. Roberts has been appointed president and elected to the...
P/C Agency Mergers Rise 10% in First Half of 2021: OPTIS Partners
Jul 9 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...
Obsidian Acquires Western Home Insurance in California
Jul 9 2021 // Obsidian Insurance Holdings Inc. has acquired Western Home Insurance Co. from Western National Mutual Insurance Co. The acquisition supports the company’s growth plans and together with Obsidian’s existing...
Hub Acquires Operating Subsidiaries of Trusted Capital Group in Texas
Jul 8 2021 // HUB International Ltd. has acquired the operating subsidiaries of TCG Group Holdings LLP, doing business as Trusted Capital Group. Terms of the transaction were not disclosed. John Pesce, CEO of TCG, Jeff Montgomery,...
Hub Acquires Assets of Oregon-Based Ward Insurance Agency
Jul 6 2021 // Hub International Ltd. has acquired the assets of Ward Insurance Agency Inc. in Oregon. Terms of the deal were not disclosed. Erik Finrow, president of Ward Insurance, will join as executive vice president of Hub...
NN Group to Acquire MetLife’s Polish and Greek Businesses for $693 Million
Jul 6 2021 // Dutch insurer NN Group announced on Monday it has agreed to acquire MetLife’s business activities in Poland and Greece, for a total consideration of €584 million (US$692.8 million). The acquisition, which will...
Aston Lark Acquires UK Broker ES Risks
Jul 6 2021 // London-based broker Aston Lark continues with its buying spree with the purchase of ES Risks Ltd. Financial details of the acquisition were not disclosed. Established in 2007 and based in London, ES Risks is a 45-strong...
Truist/CRC Adds Major Wholesale Insurance Clout with Constellation Acquisition
Jul 6 2021 // Truist Insurance Holdings and its wholesale insurance subsidiary CRC Group have closed on the acquisition of Constellation Affiliated Partners, an insurance distribution platform operating seven managing general agents...
Arch Capital Group Closes $700 Million Acquisition of Watford Holdings
Jul 6 2021 // Bermuda-based Arch Capital Group Ltd., along with investment partners Kelso & Company and Warburg Pincus, announced the completion of the previously disclosed acquisition of Watford Holdings Ltd. Watford and Arch...
People Moves: PartnerRe’s Hanhart to AXIS Re; Zurich Names Verkerk to New Role of Chief Platform Officer; PwC’s Maxwell to MS Amlin as CRO
Jul 2 2021 // These International People Moves include appointments at AXIS Re, Zurich Insurance Group and MS Amlin. Details of these new hires follows. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced...
Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round
Jul 2 2021 // Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology. The company is raising $200 million from Sequoia...
Gallagher Acquires 100% Stake in India’s Edelweiss Gallagher Insurance Brokers
Jul 2 2021 // Gallagher announced the acquisition of Edelweiss Gallagher Insurance Brokers Ltd. (EGIBL) from Edelweiss Group, one of India’s leading diversified financial services firms. Gallagher previously held 30% in the...
Sedgwick Acquires Maritime Claims Firm Nautilus
Jul 1 2021 // Sedgwick, a global provider of claims services, has acquired the assets of Nautilus Investigations, a South Florida-based firm with a specialty in maritime claims, incidents and casualties, particularly yachts and personal...
Amynta Group Acquires Scion Underwriting Services in Texas
Jul 1 2021 // Amynta Group has acquired Scion Underwriting Services from Brit. Scion will continue under the leadership of Scott Brock, president of Scion and Michael Hattaway, senior vice president. Terms of the deal were not...
People Moves: 3 Promoted at Carpenter and Marsh; Chesman to McGill & Partners; Millwater Heads Global Insurance at Acrisure
Jul 1 2021 // These International People Moves detail appointments at four brokers: Marsh, Guy Carpenter, McGill and Partners, and Acrisure. A summary of these new hires follows here. Leading insurance broker and risk adviser Marsh, and...
DARAG Sells Non-Legacy Italian Business to NOBIS
Jul 1 2021 // DARAG Group, the Malta-based legacy acquisition company, announced the formal completion of the sale of its active Italian insurance business from DARAG Italia S.p.A to Nobis Compagnia di Assicurazioni. Financial details...
Arthur J. Gallagher Acquires Stellar Benefits Group in Ohio
Jun 30 2021 // Arthur J. Gallagher & Co. has acquired Solon, Ohio-based Stellar Benefits Group LLC. Terms of the deal were not disclosed. Ronald Rafal, Alan Greenberg and their associates will continue to operate from their current...
Dutch Insurer NN Group Offers to Buy Part of MetLife’s European Businesses
Jun 28 2021 // NN Group NV offered to acquire part of MetLife Inc.’s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets. The Dutch insurer said in a...
Massachusetts Man Charged with Identity Theft in Attempt to Buy Luxury Car
Jun 24 2021 // A Massachusetts man is suspected of stealing the identities of two people in an attempt to buy an $83,000 car, federal prosecutors said. Brandon Brouillard, 27, of Worcester, was indicted last week on bank fraud and...
Arch Reinsurance to Acquire UK’s Somerset Bridge Group
Jun 24 2021 // Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced it plans to acquire Somerset Bridge Group Ltd., Southern Rock Holdings Ltd. and Somerset affiliates, subject to regulatory approval. The proposed...
