Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
World Insurance Associates Acquires R.S. Gilmore Insurance Agency
Jan 5 2021 // World Insurance Associates LLC (WIA) has acquired R.S. Gilmore Insurance Agency Inc. of North Attleboro, Mass., on December 1, 2020. Terms of the transaction were not disclosed. The R.S. Gilmore Insurance Agency Inc. was...
UK Broker Specialist Risk Group Acquires KBIS British Equestrian Insurance
Jan 5 2021 // Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has acquired KBIS British Equestrian Insurance, a well-established broker within the equestrian market. Financial details of the...
UK-Based BMS Group Launches Asia Broking Operations with M&A Insurance Focus
Jan 5 2021 // BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of its Asia broking operations, headquartered in Singapore and with proposed operations in Hong Kong, pending...
Brown & Brown Acquires Assets of Ohio’s Berry Insurance Group
Jan 4 2021 // Brown & Brown of Ohio LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Berry Insurance Group, based in Ohio. Founded in 2002 by Mark Berry, Berry Insurance Group has grown to...
Global Risk Solutions Acquires Texas’ Tailored Adjustment Services
Jan 4 2021 // Global Risk Solutions Inc., a provider of property/casualty claims, environmental risk management and complex claims products and services, has acquired Tailored Adjustment Services Inc., based in Colleyville,...
CBIZ Acquires New Jersey’s Borden Perlman Insurance Agency
Jan 4 2021 // CBIZ Inc., a provider of financial, insurance and advisory services, has acquired Borden Perlman Insurance Agency Inc. (BP) of Ewing, N.J., effective December 31, 2020. Founded more than 100 years ago, BP is a fourth...
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...
