Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
London’s NuVenture to Support MGAs with Funding,Technology
Apr 26 2021 // A new London-based business is promising to support a diverse portfolio of managing general agencies (MGAs) with resources, as well as back office services and custom technology. NuVenture International Ltd., formed by...
Small Insurance M&As Create More Value Than Large Deals: McKinsey
Apr 26 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...
People Moves: Kirk to CEO at BroadStreet Partners; UFG Promotes Albertson
Apr 23 2021 // BroadStreet Partners BroadStreet Partners Inc., an insurance brokerage holding company headquartered in Columbus, Ohio, has appointed Ken Kirk as chief executive officer. Rick Miley, founder and current CEO of BroadStreet,...
Insurity Completes Acquisition of Instec
Apr 23 2021 // Property/casualty insurance software firm Insurity has completed its acquisition of Instec, a cloud software maker for mid-size property/casualty carriers, managing general agencies and specialty insurers. Terms of the...
Alera Group Acquires New York’s The Waterford Group
Apr 23 2021 // Alera Group, a financial services and risk management company, has acquired The Waterford Group, a Rochester, New York-based retirement plan specialist providing consulting and fiduciary services to companies. Following...
The Hilb Group Acquires Clarus Benefits Group in Texas
Apr 22 2021 // The Hilb Group LLC (THG) has acquired Houston, Texas-based Clarus Benefits Group LLC (CBG). The transaction became effective on April 1, 2021, and represents THG’s expansion into Texas. CBG is an employee benefits...
Hartford Rejected 3 Acquisition Offers From Chubb From $65 to $70 a Share
Apr 22 2021 // After its initial offer of $65 per share to acquire The Hartford was rejected, insurer Chubb came back with two additional offers of $67 and then $70 per share, The Hartford reported today in its first quarter filings. The...
AXA XL Partners with SpaceAble to Support Operators with Satellites in Low Earth Orbit
Apr 22 2021 // AXA XL Insurance announced it has established a global partnership with SpaceAble, a start-up specializing in space situational awareness (SSA), to better support satellite operators and organizations operating in...
Howden to Acquire Spain’s Largest Independent Broker, ARTAI
Apr 22 2021 // Howden, the London-based insurance broker, has announced the acquisition of ARTAI, Spain’s largest independent corporate insurance broker. The transaction, which is pending approval from Spain’s Directorate...
J.M. Wilson Acquires Wisconsin’s Transcom General Agency
Apr 21 2021 // J.M. Wilson, a managing general agency headquartered in Portage, Michigan, with eight offices in the United States, has acquired Transcom General Agency, based in Madison, Wisconsin. The transaction was effective April...
First United Insurance Division Rebrands as Unity Insurance Partners
Apr 20 2021 // Unity Insurance Partners is now the name of the insurance division at Plano, Texas-based financial services firm, First United. First United’s insurance division originated from three different insurance companies...
Arthur J. Gallagher Invests in Broker ACE via Partnership with Dubai’s MIG Group
Apr 19 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has agreed to a strategic partnership with MIG Holding Ltd. (MIG Group), which will see the company take a minority interest in...
Q1 Activity Signals Record Insurer M&A Deals Ahead in 2021: S&P
Apr 19 2021 // Insurance carrier mergers and acquisitions could reach historic levels in 2021 based on early indications from a robust first quarter, according to a new Standard & Poor’s report. U.S. and/or Bermuda based...
Abry Partners Acquires Michigan’s High Street Insurance Partners
Apr 16 2021 // Abry Partners (Abry), a Boston-based private equity firm, has acquired High Street Insurance Partners (HSIP), a full-service insurance brokerage, located in Traverse City, Michigan. Abry is acquiring HSIP from Huron...
Zywave Acquires Risk Management Solutions Provider, Enquiron
Apr 16 2021 // Insurance technology provider Zywave announced the acquisition of Enquiron, the Boston-based provider of risk management and consultative business solutions. Financial details of the acquisition were not disclosed. Founded...
The Hilb Group Acquires McCartha, Cobb & Associates of South Carolina
Apr 16 2021 // The Hilb Group, LLC has acquired South Carolina-based McCartha, Cobb & Associates, Inc. (MC). The transaction became effective on April 1, 2021. MC is an insurance agency, specializing in contract and commercial surety...
Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks
Apr 15 2021 // Applied Underwriters, the Omaha, Neb.-headquartered insurer, announced it has completed the acquisition of UK managing general agent Concept Special Risks (CSR), after receiving regulatory approval. Financial details of...
The Hilb Group Acquires Select Book of Business in New Jersey, New York
Apr 15 2021 // The Hilb Group LLC (THG) has acquired a select book of business of quick-serve restaurant clients with more than 100 locations in New Jersey and New York. These clients will participate in THG’s Alternative Solutions...
Hub International Acquires Massachusetts’ IBG Financial Partners
Apr 15 2021 // Hub International Limited, a full-service global insurance broker, has acquired IBG Financial Partners LLC. Terms of the transaction were not disclosed. Located in Foxborough, Massachusetts, IBG is a team of retirement...
FRISS Acquires Ohio Commercial Insurance Data Manager, Terrene Labs
Apr 14 2021 // FRISS, a Netherlands-based provider of fraud, risk and compliance products and services for property/casualty insurance carriers, has acquired Terrene Labs, headquartered in Mason, Ohio. Terrene helps commercial...
