Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
London-Based Broker Costero Holdings Acquires Mar Risk Services
Mar 4 2021 // Costero Holdings, a privately held London-based brokerage, has acquired the independent broker Mar Risk Services Ltd. (MarRS), effective March 1, 2021. Headquartered in London, MarRS offers insurance advice and access to...
Aviva Sells Italian Businesses to Allianz and CNP in 2 Deals Totaling $1.1 Billion
Mar 4 2021 // Aviva Plc has exited its Italian businesses in a pair of deals totaling 873 million euros ($1.1 billion) as the UK insurer continues to pivot to its core markets. CNP Assurances and Allianz SE bought the London-based...
Alliant Acquires Louisiana’s Group Insurance Inc.
Mar 4 2021 // Alliant Insurance Services has acquired Group Insurance Incorporated (GII), a full-service employee benefits provider and general agency based in Baton Rouge, Louisiana. The acquisition of GII adds a diverse portfolio of...
Hub Acquires Assets of Texas’ Wellspring Insurance Agency
Mar 3 2021 // Hub International Limited (Hub), a full-service global insurance broker based in Chicago, has acquired the assets of Wellspring Insurance Agency Inc., located in Argyle, Texas. Terms of the transaction were not...
Next Insurance to Acquire Affinity Agency AP Intego
Mar 3 2021 // Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Through its platform, AP Intego offers...
Hub International Limited Acquires Vermont’s Finn & Stone
Mar 3 2021 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Finn & Stone Inc. Terms of the transaction were not disclosed. Finn & Stone Principals Chip and Jonathan Ams and the Finn &...
Sedgwick Acquires Construction Services Co. in California
Mar 2 2021 // Sedgwick has acquired Construction Services Co., a building consulting firm headquartered in California. Terms of the deal were not disclosed. CSC provides loss assessment perspectives with an array of services focusing on...
World Insurance Associates Acquires Arkansas’ Corporate Risk Services
Mar 1 2021 // World Insurance Associates LLC (WIA) has acquired Corporate Risk Services LLC and Midwest Risk Management Services Inc. (collectively Corporate Risk Services) of Rogers, Arkansas. Terms of the transaction were not...
One80 Intermediaries Acquires New York’s Edward E. Hall and Company
Feb 26 2021 // One80 Intermediaries has acquired Edward E. Hall and Company (EE Hall). Terms of the deal were not disclosed. One80 is a national wholesale broker, program manager, third-party administrator (TPA), warranty and...
Chubb’s Digital Blink Targets Consumer Sales via Partner, Affinity Companies
Feb 25 2021 // Chubb has launched a digital platform for selling selected insurance coverages to “digitally savvy” consumers, primarily through affinity, company and digital broker partners of Chubb to their members,...
World Insurance Associates Acquires New Jersey’s Szerlip & Company
Feb 25 2021 // World Insurance Associates LLC (WIA) acquired Szerlip & Company of Millburn, New Jersey, on January 1, 2021. Terms of the transaction were not disclosed. Szerlip & Co. is a third generation insurance agency founded...
Minick Retiring from Texas Workplace Injury Benefit Risk Managing Firm, PartnerSource
Feb 24 2021 // Bill Minick, founder of Texas-based workers’ compensation/workplace injury benefit risk management firm, PartnerSource, will retire at the end of March. Jennifer Hurless, president of PartnerSource, will continue in...
Applied Underwriters’ Centauri Insurance Acquires Gulfstream Renewals
Feb 23 2021 // Applied Underwriters’ Centauri Insurance has acquired the renewal rights to approximately 16,700 policies across Alabama, Louisiana, and South Carolina from Gulfstream Property and Casualty Insurance Co. and...
More Insurer Partnerships, Tech Investments, Divestitures to Come in 2021, Says Bain
Feb 23 2021 // Insurers in 2021 will be doubling down on streamlining, reinforcing their core businesses and updating technology, and mergers and acquisitions will help them get there as it did in 2020, according to a Bain & Co....
High Street Insurance Partners Acquires New York’s Badge Agency
Feb 23 2021 // Huron Capital Partners LLC, a lower middle-market private equity platform, has announced that its full-service insurance brokerage platform, High Street Insurance Partners (HSIP), has acquired Badge Agency Inc. Founded in...
World Insurance Associates Acquires LCL Insurance of North Carolina
Feb 22 2021 // World Insurance Associates LLC (WIA) has acquired LCL Insurance LLC (LCL) of Charlotte, N.C. on Feb. 1, 2021. Terms of the transaction were not disclosed. According to Rich Eknoian, CEO and Co-Founder of WIA, the...
Global Insurance M&A Activity Expected to Soar in 2021
Feb 18 2021 // There were 407 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2020, down from 419 the previous year, according to a report published by global law firm Clyde & Co. An anticipated...
Global Risk Partners Agrees to Acquire Marsh’s UK Networks Business
Feb 18 2021 // Global Risk Partners (GRP) has entered into an agreement to acquire the UK Networks business of Marsh, the global insurance broker and risk adviser. Terms of the transaction, which is subject to regulatory approval, were...
AHT Insurance Partner Schermerhorn Elected as Chairman of TechAssure Association
Feb 17 2021 // AHT Insurance, a Baldwin Risk Partner, has announced that Partner Brian Schermerhorn was recently elected as chairman of TechAssure Association Inc., a consortium of independent insurance agents and brokers who focus on...
Applied Underwriters Acquires Oklahoma Property and Casualty Insurance
Feb 16 2021 // Applied Underwriters’ affiliate, North American Casualty Co., has completed its acquisition of Oklahoma City-based Oklahoma Property and Casualty Insurance Co. (OP&C). Applied Underwriters plans to make various...
