Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
Macif Seen as Favorite to Buy $3.6B Aviva France; Talks to Sell Italian Unit Advance
Feb 16 2021 // Aviva Plc, the British insurer, is in advanced talks on a sale of its Italian operations as it pushes ahead with about 6 billion euros ($7.3 billion) of divestments, people with knowledge said. The U.K. company is in...
USI Insurance Services Acquires Inland Insurance in Washington
Feb 16 2021 // USI Insurance Services has acquired Spokane, Wash.-based Inland Insurance Inc. Terms of the deal were not disclosed. Inland Insurance is an independent risk management and employee benefits agency serving businesses and...
Progressive to Buy Transportation Insurer Protective for $338 Million
Feb 16 2021 // The Progressive Corp. is acquiring Indiana-based trucking industry insurer Protective Insurance Corp. in a move that will increase its stake in the commercial lines insurance market. Progressive has agreed to pay $23.30...
Core Assurance Partners Names Brandau as President, Russell as Vice President
Feb 16 2021 // Core Assurance Partners Inc. has named Zack Brandau as the organization’s president and Will Russell as vice president. Brandau will continue to lead the firm’s daily operations and drive strategic growth...
Robles Joins XPT Partners in Texas as VP, Senior Transportation Broker
Feb 12 2021 // XPT Partners, a national specialty insurance distribution company, has added excess transportation expert Alex Robles as vice president and senior broker in its Plano, Texas, office. Robles will concentrate on excess...
OneDigital Acquires Missouri’s HM Employee Benefits and Risk Management
Feb 11 2021 // OneDigital has acquired HM Employee Benefits and Risk Management (HM), located in St. Louis, Missouri. This acquisition is the first to integrate property/casualty (P/C) into OneDigital’s suite of health, retirement...
Heffernan Acquires Micor Insurance Brokers in California
Feb 10 2021 // Heffernan Insurance Brokers has acquired Micor Insurance Brokers in San Jose, Calif. The Micor San Jose office is Heffernan’s 10th California location. Terms of the deal were not disclosed. Corrie Foos, president of...
AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO
Feb 10 2021 // Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay...
UK Broker Specialist Risk Group Buys Trade Credit Specialist, The Channel Partnership
Feb 10 2021 // Specialist Risk Group (SRG), a London-based specialist insurance broker, has announced the acquisition of a UK trade credit specialist, The Channel Partnership. Financial details of the deal were not disclosed. The Channel...
Arthur J. Gallagher & Co. Acquires Air-Sur of Florida
Feb 10 2021 // Arthur J. Gallagher & Co. has acquired Ormond Beach, Fla.-based Air-Sur, Inc. Terms of the transaction were not disclosed. Founded in 1976, Air-Sur is a retail insurance broker serving clients in the aviation and...
EC Pauses Investigation; CEO Says Aon-Willis Merger Still on Track to Close in 1st Half
Feb 9 2021 // The merger of Aon with Willis Towers Watson is on course to close in the first half of 2021, said John Haley, Willis Towers Watson’s chief executive. “In March of last year when we first announced [the merger],...
UK Insurtech Zego Partners with Irish Mobility Startup Brite to Offer Electric Fleet Cover
Feb 9 2021 // Irish mobility startup Brite has partnered with London-based mobility insurance provider Zego to expand its fleet offering of e-mopeds, e-scooters and e-bikes across Ireland. The partnership between Brite and Zego means...
Metromile to Begin New Life as Public Company as Reverse Merger Closes
Feb 9 2021 // Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a special purpose acquisition company (SPAC) is expected to close today. INSU Acquisition Corp. II,...
Learning Technologies Group Buys Diversity & Inclusion Specialist PDT Global in UK
Feb 9 2021 // Learning Technologies Group plc (LTG), the London-based provider of services and software for digital learning and talent management, has acquired PDT Global, a leading provider of online diversity and inclusion...
Third Point Re Hires 3 Senior Leaders Ahead of Anticipated Merger with Sirius
Feb 9 2021 // Third Point Reinsurance Ltd., a Bermuda-based specialty reinsurer, announced it has made three senior hires to strengthen its existing leadership team, ahead of the company’s anticipated merger transaction with...
