Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Nexus Completes Acquisition of Hiscox MGA Marine Business
Jan 4 2021 // Independent specialty managing general agent (MGA) Nexus Group announced it completed the acquisition of the Hiscox MGA Marine business (HMM) from Hiscox MGA Ltd. Completed on Dec. 30, 2020 via an asset purchase into...
UK’s M&A Watchdog Emerges from EU’s Shadow with Massive New Powers
Dec 30 2020 // The UK’s parting of the ways from the European Union means that an obscure 7-year-old watchdog is about to gain massive new powers over corporate mergers. Itself the product of a merger of two failing regulators, the...
The Hilb Group Acquires New York’s Hiram Cohen & Son Inc.
Dec 30 2020 // The Hilb Group LLC (THG) has acquired New York-based Hiram Cohen & Son Inc. (HCS). The transaction became effective on December 1, 2020. HCS, founded in 1919, is still operated by descendants of Founder Hiram Cohen,...
Constellation Affiliated Acquires Coastal Insurance Underwriters, Cybercom of Florida
Dec 30 2020 // Constellation Affiliated Partners has acquired Florida-based MGU Coastal Insurance Underwriters and Cybercom. Financial terms of the transaction were not disclosed. Coastal Insurance Underwriters, founded by President and...
UK Insurer Admiral Sells Price Comparison Unit to Zoopla in $685 Million Deal
Dec 29 2020 // UK home and car insurer Admiral Group Plc agreed to sell its price-comparison unit to the owner of property portal Zoopla in a transaction valued at 508 million pounds ($685 million). Admiral will get about 450 million...
Sompo Acquires Diversified Crop Insurance, Forms AgriSompo North America
Dec 29 2020 // Sompo International Holdings Ltd. (SIH), a Bermuda-based specialty provider of property/casualty insurance and reinsurance, has acquired Lenexa, Kan.-based Diversified Crop Insurance Services (DCIS), a subsidiary of CGB...
BKS-Partners to Acquire Assets of Tanner, Ballew & Maloof of Atlanta
Dec 29 2020 // Baldwin Krystyn Sherman Partners, LLC (BKS-Partners), the middle-market indirect subsidiary of BRP Group, has entered into an agreement to acquire substantially all assets of Tanner, Ballew & Maloof, Inc. (TBM), an...
Captive Re/Insurance MGU, International Re, Partners with Admitted Insurer Cimarron
Dec 23 2020 // International Re (I–RE), the specialist captive insurance and reinsurance managing general underwriter (MGU), is announcing a new strategic capacity partnership with Cimarron Insurance, a niche specialist admitted...
Ryan Specialty’s Renewables MGU Forms Partnership with Generali
Dec 22 2020 // Power Energy Risk (PERse), the largest U.S.-based renewable energy managing general underwriter and a part of Ryan Specialty Group (RSG), has formed a strategic partnership with Generali’s P/C division Global...
Sompo Acquiring W. Brown & Associates in California
Dec 22 2020 // Sompo International Holdings Ltd. has acquired W. Brown & Associates Insurance Services in Irvine, Calif. Brown has been a managing general underwriter for Sompo International since 2016. The W. Brown operations will...
Brown & Brown Agrees to Acquire Irish Broker O’Leary Insurances
Dec 22 2020 // Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire the general insurance operating companies of O’Leary Insurances (OLI) in Ireland. The transaction is...
Legacy Specialist DARAG Completes First Acquisition in Luxembourg
Dec 22 2020 // DARAG Group Ltd., the Malta-based legacy acquirer, announced the completion of its purchase of Arisa Assurances SA, a Luxembourg-based automobile and travel insurance company previously owned by ADAC Versicherung AG. The...
The Hilb Group Acquires New Jersey’s William H. Connolly & Co.
Dec 22 2020 // The Hilb Group LLC (THG) has acquired New Jersey-based William H. Connolly & Co. LLC (WHC). The transaction became effective on December 1, 2020. Founded in 1950 by William H. Connolly Sr., WHC is currently owned and...
Insurance M&A Rebound to Continue Into 2021: PwC
Dec 22 2020 // Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective advancements...
The Hilb Group Acquires Plan Benefit Services of South Carolina
Dec 21 2020 // The Hilb Group, LLC has acquired South Carolina-based Plan Benefit Services, Inc. (PBSI). The transaction became effective on Dec. 1, 2020. Plan Benefit Services, Inc. is an employee benefits consulting, management and...
Update: Aon Confirms EU Antitrust Probe of Merger with Willis Towers Watson
Dec 21 2020 // Aon plc confirmed that the European Commission (EC) has initiated a review of the company’s proposed $30 billion bid for Willis Towers Watson. Aon said the Phase II review is a common next step “for a...
UK Broker, Specialist Risk Group, to Be Acquired by Private Equity Firm HGGC
Dec 21 2020 // Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has signed a definitive agreement to be acquired by middle-market private equity firm HGGC. SRG’s management team will invest...
Record Return of Merger Activity Leads to Massive Growth in M&A Insurance Market
Dec 21 2020 // A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials...
Arthur J. Gallagher Acquires Texas Benefits Broker, PIATX
Dec 18 2020 // Arthur J. Gallagher & Co. has acquired San Antonio-based PIATX LLC. Terms of the transaction were not disclosed. Founded in 2009, PIATX is an employee benefits broker and consultant focused on delivering responsive and...
Willis Towers Watson Partners with Polecat Intelligence on Emerging Risk Analysis
Dec 18 2020 // Willis Towers Watson, the global advisory, broking and solutions company, announced a partnership with Polecat Intelligence Ltd,, a business intelligence and data analytics company. Together, they are developing insurance...
