Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Alera Group Acquires Behling Insurance Agency in Utah
Mar 11 2021 // Alera Group has acquired Behling Insurance Agency Inc. in Utah. Terms of the deal were not disclosed. Behling provides personal and commercial property/casualty insurance solutions across three locations in Utah and...
New Beazley Offering Targets D&O Exposures of Special Purpose Acquisition Companies
Mar 11 2021 // Beazley has launched a directors’ and officers’ (D&O) product suite designed specifically for U.S.-domiciled special purpose acquisition companies (SPACs). Beazley’s new D&O products for SPACs...
Commodities Trader Mercuria Buys $36M of Copper, but Gets Cargo of Painted Rocks
Mar 10 2021 // Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when the cargoes started arriving in China, all it found were containers full of painted...
The Hilb Group Acquires Rhode Island’s Compass Planners
Mar 10 2021 // The Hilb Group LLC (THG) has acquired Rhode Island-based Compass Planners (CP). The transaction became effective on February 1, 2021. CP is based in West Greenwich, Rhode Island and is a specialized Medicare Advantage...
Relation Insurance Services Acquires Assets of Texas Agencies, InSource and Shepard
Mar 10 2021 // Relation Insurance Services Inc. (Relation) has entered the Texas market with the acquisition of the assets of InSource Insurance Agency Inc. (InSource), in San Antonio, and Shepard Insurance Agency (Shepard),...
Crest Acquires SGB Ltd. in Arizona, Adds Byrne
Mar 10 2021 // Crest Insurance Group LLC of Scottsdale, Ariz. has added Shawn Byrne and his team as part of an acquisition of SGB Ltd. Byrne founded his own agency, Creative Benefit Concepts in 1985, an had it for 28 years prior to...
Hub International Acquires Assets of Louisiana’s The Juban Insurance Group
Mar 9 2021 // Chicago-based global insurance brokerage, Hub International Limited (Hub), has acquired the assets of The Juban Insurance Group in Baton Rouge, La. Terms of the transaction were not disclosed. The Juban Insurance Group is...
One80 Makes Cannabis Buy-in with Cannasure Insurance Services Acquisition
Mar 9 2021 // Cannabis is getting bigger, and now insuring cannabis seems to be a bigger deal, too. The cannabis-focused insurance space can now be counted as part of a larger trend in recently announced business deals in...
Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International
Mar 9 2021 // DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further...
Hub International Acquires Assets of Pennsylvania’s Davis Trachtenberg Inc.
Mar 9 2021 // Global insurance brokerage Hub International Limited has acquired the assets of Davis Trachtenberg Inc. (DTI). Terms of the transaction were not disclosed. Located in Newtown Square, Pennsylvania, DTI is a full-service...
Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership
Mar 9 2021 // Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also includes a strategic...
Swiss Re Forms Strategic Partnership with Satellite Operator and Flood Monitor, ICEYE
Mar 8 2021 // Swiss Re has entered into a strategic partnership with ICEYE, a commercial satellite operator and satellite-based flood monitoring provider. Building on ICEYE’s innovative technology, the partnership will advance...
Howden Broking Buys Independent Superyacht Broker Sturge Taylor
Mar 8 2021 // Howden Broking announced that it has acquired independent superyacht insurance broker Sturge Taylor & Associates (STA Group). STA Group will become part of Howden and will operate under the new trading name Howden...
Porch Group to Acquire Texas MGA/Insurer, Homeowners of America
Mar 8 2021 // The Porch Group, a software platform focused on home services companies, is acquiring Irving, Texas-based managing general agent and insurance carrier, Homeowners of America (HOA). Under a merger agreement, Porch will...
Investment Firm KKR Acquiring California’s Integrated Specialty Coverages
Mar 8 2021 // Global investment firm KKR is acquiring a majority interest in Integrated Specialty Coverages (ISC) Carlsbad, Calif.-based multi-line insurance distributor that utilizes advanced artificial intelligence (AI) engineering...
UK Broker, Specialist Risk Group, Acquires MGA CLS Risk Solutions
Mar 5 2021 // Specialist Risk Group (SRG), a London-based insurance broker, has agreed to acquire CLS Risk Solutions (CLS RS), subject to regulatory approval. Financial details of the acquisition — its fourth so far this year...
Hub International Limited Acquires Assets of Pennsylvania’s Incentive Systems
Mar 5 2021 // Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Incentive Systems Inc. (ISI). Terms of the transaction were not disclosed. Located in Lansdale, Pennsylvania, ISI provides...
World Insurance Associates Acquires C. Walter Searle Insurance Agency
Mar 5 2021 // World Insurance Associates LLC (WIA) has acquired C. Walter Searle Insurance Agency LLC of Nutley, New Jersey, on February 1, 2021. Terms of the transaction were not disclosed. Since its founding in 1926, C. Walter Searle...
Largest Wholesale Broker, Amwins, to Acquire Rival Worldwide Facilities
Mar 5 2021 // The largest wholesale insurance broker, Amwins Group, is getting even larger as it has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition of Worldwide broadens...
Higginbotham Enters Louisiana in Partnership with Insurance Broker, Knotts
Mar 5 2021 // Fort Worth, Texas-based independent insurance and financial services firm, Higginbotham, has partnered with Mike Knotts, an insurance agency owner and broker in Bossier City, Louisiana, to establish its first...
