Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Allstate to Acquire Insurer SafeAuto to Merge Into National General Brand
Jun 2 2021 // Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition will be through Allstate subsidiary National General and SafeAuto will...
Arthur J. Gallagher Acquires LDJ American Online Benefits Group in Texas
Jun 2 2021 // Arthur J. Gallagher & Co. has acquired Addison, Texas-based LDJ American Online Benefits Group LLC (AOBG). Terms of the transaction were not disclosed. Founded in 2013, AOBG designs, markets and services supplemental...
Michigan’s AF Group, Waypoint Partner on Assumed Reinsurance
Jun 1 2021 // Lansing, Mich.-based specialty insurance provider, AF Group, is entering the assumed reinsurance marketplace through a new partnership with Waypoint Underwriting Management. Waypoint is a proven expert in reinsurance risk...
Intact Financial Corp. and Tryg Complete Acquisition of UK’s RSA Insurance
Jun 1 2021 // Intact Financial Corp. announced that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc., after receiving all required approvals. Toronto-based Intact retains RSA’s Canadian, UK and...
German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B
Jun 1 2021 // BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The...
AssuredPartners Acquires Anchor Pardue Insurance of Alabama
Jun 1 2021 // AssuredPartners has acquired Anchor Pardue Insurance of Mountain Brook, Ala. Anchor Pardue is the second acquisition in May for Assured Partners and its 18th acquisition in 2021. The team will remain under the leadership...
Generali Launches $1.4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica
Jun 1 2021 // Italy’s largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn’t already own in smaller rival Societa Cattolica di Assicurazioni, as part of a...
Lloyd’s, London Insurers Form Joint Venture with DXC to Transform Digital Processing
May 27 2021 // Lloyd’s and insurers in the London company market have formed a joint venture with DXC Technology, aiming to transform digital capabilities and reduce processing costs for the London insurance markets. The joint...
The Liberty Company Acquires Assets of Gray-Stone & Co. in California
May 26 2021 // The Liberty Company Insurance Brokers has acquired the assets of Thousand Oaks, Calif.-based Gray-Stone & Co. Terms of the deal were not disclosed. Gray-Stone has both a wholesale and retail component, and the firm...
Finland’s Sampo Sells $1.7B Stake in Nordea Bank, as It Moves Ahead with Planned Exit
May 26 2021 // The biggest shareholder in Nordea Bank Abp offloaded another chunk of its stake as it moves ahead with a planned exit from the Nordic region’s largest bank. Sampo Oyj sold 162 million shares in Nordea to...
Crypto Insurer Evertas Raises $5.8M in Seed Funding
May 25 2021 // Evertas, a cryptoasset insurance company, said it has raised nearly $5.8 million in seed funding, which it will use to accelerate product development, increase its insurance cap[a city and build out its infrastructure. The...
Online Boating Marketplace Boatim Adds Insurance with Marine Broker Partner AMI
May 25 2021 // Boatim Inc., a company offering digital boating products and services, has launched an online boat insurance offering for U.S. customers. Through a partnership with international marine insurance broker American Marine...
Truist Acquires Constellation Affiliated Partners Wholesaler Platform With 7 MGAs
May 24 2021 // Truist Insurance Holdings has agreed to acquire Constellation Affiliated Partners from RedBird Capital Partners. The transaction will add approximately $160 million of annual revenue to Truist Insurance Holdings’...
Australia Bushfire Funding ‘Welcome’ but Insurance Tax Rise ‘Unsustainable’: ICA
May 21 2021 // The Insurance Council of Australia (ICA) welcomed the budget announcement from the state of Victoria of funding of A$517 million (US$401 million), which will be allocated across several bushfire risk reduction projects....
Element Risk Management Acquires Pennsylvania’s Smith Insurance
May 20 2021 // Element Risk Management has acquired Smith Insurance with locations in Hershey and Williamstown, Pennsylvania. Smith Insurance was founded as a small insurance agency by James J. Smith in 1933. The agency was bought by...
Arthur J. Gallagher Acquires Garner & Glover Co. of Georgia
May 19 2021 // Arthur J. Gallagher & Co. has acquired Rome, Georgia-based Garner & Glover Company. Terms of the transaction were not disclosed. Founded in 1874 and operating under its current name since 1926, Garner & Glover...
Newfront Acquires Aviation Marine Insurance in California
May 19 2021 // Newfront Insurance has acquired Aviation Marine Insurance Services in Sausalito, Calif. Terms of the deal were not disclosed. AMIS is led by Scott Gault, who joins Newfront along with his team of aviation insurance...
Howden Acquires UK Specialist Broker Medical Professional Risk Solutions (MPRS)
May 19 2021 // Howden Broking announced it has acquired Medical Professional Risk Solutions (MPRS), a specialist insurance broker for the primary care sector, for an undisclosed sum. Howden said the acquisition adds further expertise to...
Alera Group Acquires Direct Benefits in Minnesota
May 19 2021 // Alera Group, an independent, national insurance and wealth management firm based in Deerfield, Illinois, has acquired Direct Benefits Inc., located in Saint Paul, Minnesota. Direct Benefits specializes in insuring...
G2 Insurance Services Acquires Assets of Ohio’s Schroeder Group
May 18 2021 // San Francisco-based insurance brokerage firm G2 Insurance Services LLC has acquired the assets of Schroeder Group Inc., an independent insurance brokerage firm located in Cincinnati, Ohio. For more than 30 years, Schroeder...
