Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher Acquires Koff & Associates in California
May 6 2021 // Arthur J. Gallagher & Co. has acquired Berkeley, Calif.-based Kaneko & Krammer Corp. Catherine Kaneko, Georg Krammer and their team will continue to operate from their current location under the direction of Scott...
Gallagher Bassett Services Acquires Total Safety Consulting and Its Affiliates
May 6 2021 // Arthur J. Gallagher & Co.’s risk management services subsidiary, Gallagher Bassett Services Inc. (GB), has acquired Bayonne, New Jersey-based Total Safety Consulting LLC (TSC) and its affiliates, including TSC...
Trinity Underwriting Managers, Obsidian Partner on Auto Liability Offering
May 5 2021 // Trinity Underwriting Managers (TUMI), part of Amwins Underwriting, has formed a new carrier partnership with Obsidian, an A.M. Best rated “A-” hybrid fronting program carrier. The partnership will add to...
NFP Acquires Indiana Employee Benefits Firm, First Person
May 5 2021 // Insurance broker NFP has acquired Indianapolis, Indiana-based employee benefits brokerage, First Person Inc. (First Person). First Person specializes in group benefits with additional capabilities in compensation,...
AssuredPartners Acquires Massachusetts’ Lehrer & Madden Insurance Agency
May 5 2021 // AssuredPartners, Inc. has acquired Lehrer & Madden Insurance Agency Inc. of Natick, Massachusetts. Lehrer & Madden is AssuredPartners’ first acquisition in May and its 17th acquisition in 2021. The team will...
Hub Acquires Assets of Conover Insurance Services in Washington
May 5 2021 // Hub International Ltd. has acquired the assets of Bellevue, Wash.-based Conover Insurance Services LLC and certain of its affiliates. Brad Green, CEO of Conover, Connie Morrow, COO, Kerri Record, senior vice president, and...
Liberty Company Insurance Brokers Partners with Darr Schackow Insurance of Florida
May 4 2021 // The Liberty Company Insurance Brokers has partnered with Gainesville, Fla-based Darr Schackow Insurance. DSI’s 55 employees and four offices throughout the state of Florida will expand Liberty’s presence in the...
Hub Acquires Assets of Illinois’ Cooper & Allison Insurance and Russel J. Kobel
May 4 2021 // Chicago-based global insurance brokerage Hub International Limited (Hub) has acquired the assets of Cooper & Allison Insurance Agency LLC and Russel J. Kobel LLC (Cooper & Allison). Headquartered in Burr Ridge,...
Insurvia Buys La Familia Agency in Texas
May 3 2021 // Insurvia, a Gemspring Capital portfolio company with holdings including Fiesta Insurance and Bravo General, has acquired La Familia Agency LLC, an independent insurance agency based in Dallas, Texas. La Familia Agency...
USI Insurance Services Acquires Northwest Insurance Service’s Insurance Business
May 3 2021 // USI Insurance Services (USI), a provider of risk management, employee benefit and retirement plan consulting, has completed its acquisition of the insurance business offered through Northwest Insurance Services from...
Amwins Acquires Equine, Canine Specialist Broker Equisure
May 3 2021 // Specialty broker Amwins Group said it has agreed to acquire Equisure, Inc., a Colorado-based specialist in insurance programs for horse and dog owners, trainers and organizations. Equisure provides professional liability,...
Gallagher Acquires Australia’s Mutual Brokers
May 3 2021 // Insurance broker Arthur J. Gallagher & Co. said it has acquired Mutual Brokers Pty Ltd., a Canberra, Australian Capital Territory (ACT)-based Terms of the transaction were not disclosed. Founded in 1985, Mutual Brokers...
Alera Group Acquires California’s Adamson & McGoldrick Insurance
May 3 2021 // Alera Group, a financial services and risk management company based in Deerfield, Illinois, has acquired Adamson & McGoldrick Insurance Solutions, a strategic advisor providing risk management and benefits strategies...
Small Insurance M&As Create More Value Than Large Deals: McKinsey
May 3 2021 // McKinsey analysts believe insurers focused on large one-off deals undertaken to scale their companies and those that stick to organic growth are both headed down unfruitful paths if outsized shareholder return is their...
Resisting Agency Partners: How to Get Stronger Buy-In
May 3 2021 // Sometimes agency partners are your biggest advocates for growth, and sometimes they are the biggest resistor. I had a call with a majority owner the other day who told me, “Man, it’s time to get on with this...
Getting Homer Simpson to Buy Insurance
May 3 2021 // Getting someone to buy insurance can be challenging. Insurance helps people plan for the unexpected, but most people are hard-wired to believe that conditions today will persevere forever. The fact that an unforeseen...
HG Holdings to Acquire National Consumer Title Insurer From Southern Fidelity
Apr 30 2021 // North Carolina-based HG Holdings said it has agreed to acquire 100% of the equity of Florida-based National Consumer Title Insurance Co. from Southern Fidelity for for $5.5 million. The deal also includes 100% of the...
MarshMcLennan Fills Its Talent Pool in the Wake of Aon-Willis Merger
Apr 29 2021 // It has not happened yet but the proposed merger of large global insurance brokers Aon and Willis Towers Watson is already being felt at competitor MarshMcLennan. MarshMcLennan is capitalizing on the marketplace disruption...
London MGA Optio Acquires Nuclear Insurance Specialist MGA Northcourt
Apr 29 2021 // LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum. Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property...
EU Set to Approve Aon-Willis Merger; More Concessions Unlikely: Reuters
Apr 28 2021 // Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said. Aon, which clinched the...
