Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
HUB Acquires Assets Of Florida-Based Leading Edge Benefit Advisors & Affiliates
Nov 12 2020 // HUB International Limited (Hub), a leading global insurance brokerage, has acquired the assets of Leading Edge Benefit Advisors, LLC, Raimey, Corp., Leading Edge Human Resource Services, LLC, Leading Edge Companies, LLC,...
Palomar Buys Renewal Rights to Hawaii Residential Hurricane Business from GeoVera
Nov 10 2020 // Palomar Specialty Insurance Co. has agreed to acquire the renewal rights to GeoVera’s Holding’s Hawaii residential hurricane policies. The transaction is expected to further deepen Palomar’s presence in...
BRP Group’s BKS Partners to Acquire Houston’s Insgroup
Nov 9 2020 // BRP Group Inc. subsidiary, Baldwin Krystyn Sherman Partners LLC (BKS Partners), has entered into an agreement to acquire all of the outstanding equity interests of Insgroup Inc. a Houston, Texas-based provider of...
Equity Firm Cinven and Singapore’s GIC to Buy Insurance Broker Miller from Willis
Nov 9 2020 // Private equity firm Cinven and GIC, Singapore’s sovereign wealth fund, have agreed to acquire London-based specialist insurance and (re)insurance broker Miller from its partners and corporate member, Willis Towers...
Johnstone Partners Hires Friedman as an Adjuster in New York
Nov 9 2020 // Johnstone Partners has expanded its national risk management and claims adjusting practices with the hire of Andrew Friedman in New York. Friedman joins Johnstone Partners as an adjuster with six years of claims...
Brown & Brown Acquires Digital Insurance Agency CoverHound and Its CyberPolicy Unit
Nov 9 2020 // Insurance broker Brown & Brown has acquired CoverHound, a digital property/casualty insurance marketplace, and CyberPolicy, CoverHound’s small business subsidiary. Neither side disclosed financial details of the...
Arthur J. Gallagher & Co. Acquires Canada’s Optimum Talent Inc.
Nov 6 2020 // Arthur J. Gallagher & Co. announced the acquisition of Montreal, Quebec-based Optimum Talent Inc. Terms of the transaction were not disclosed. Founded in 1981, Optimum Talent is one of Canada’s largest...
Arthur J. Gallagher & Co. Buys Australia’s Effectus Consulting Pty Ltd.
Nov 5 2020 // Arthur J. Gallagher & Co. announced the acquisition of Brisbane, Queensland-based Effectus Consulting Pty Ltd. Terms of the transaction were not disclosed. Effectus Consulting is a data-driven employee and leadership...
Coverys European Holdings Subsidiary Acquires Lloyd’s Italian Coverholder Gava
Nov 5 2020 // AEC Wholesale Group, a subsidiary of Coverys European Holdings (CEH), announced the acquisition of Gava S.R.L, a Lloyd’s coverholder based in Brindisi, Italy. AEC Group will assume 100% ownership of Gava, bringing...
Hub International Acquires Alberta, Canada Broker Stalco Insurance
Nov 4 2020 // Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired Stalco Insurance Ltd., a Canadian insurance broker. Terms of the transaction were not disclosed. With locations in Wainwright,...
The Co-operators Buys Canadian Broker Linda Rioux Assurances
Nov 4 2020 // The Co-operators has purchased Linda Rioux Assurances, the Warwick, Quebec-based insurance broker. Financial details of the deal were not disclosed. The broker’s portfolio includes home, auto, farm and commercial...
Starr Insurance Renews Partnership with Georgia State’s Institute for Insight
Nov 3 2020 // Starr Insurance Companies, a global insurance and financial services organization, has renewed its partnership with the Institute for Insight, a unit of Georgia State University’s Robinson College of Business that...
CRC Group Acquires W. Brown & Associates in California
Nov 3 2020 // CRC Group has completed its acquisition of W. Brown & Associates Property & Casualty, an Irvine, Calif. -based surplus lines broker and MGA. Brown & Associates will be part of CRC Group’s Commercial...
Hub International Acquires Virginia’s The Olson Insurance Agency, Insure All
Nov 3 2020 // Hub International Limited, a global insurance brokerage, has acquired the insurance brokerage assets of The Olson Insurance Agency LLC and Insure All LLC. Terms of the transaction were not disclosed. The owners of The...
Arch Capital to Buy Watford for $700M in Cash, with Support from Former Rival Enstar
Nov 3 2020 // Arch Capital Group Ltd. and Watford Holdings Ltd. announced a revised definitive agreement under which Arch will acquire all of the common shares of Watford for $35.00 per share, in an all-cash offer valued at...
R.E. Chaix & Associates Acquires National Advantage in California
Nov 2 2020 // R.E. Chaix & Associates Insurance Brokers Inc. has purchased the assets of National Advantage Insurance Services Inc. in Tustin, Calif. National Advantage Insurance Services specializes in commercial auto,...
Private Equity Investors Pelican Ventures, J.C. Flowers to Buy Ariel Re from Argo Group
Nov 2 2020 // Pelican Ventures and J.C. Flowers & Co., both private equity investors with significant insurance expertise, announced they have agreed to acquire reinsurance franchise Ariel Re from Argo Group for an undisclosed...
Agency M&A Activity Continues Despite Pandemic: OPTIS Partners
Nov 2 2020 // There were 170 announced insurance agency mergers and acquisitions during the third quarter of 2020 compared to 173 for the same period in 2019, according to a report from consulting firm OPTIS Partners. The Chicago-based...
Insight Service Group Acquires Pennsylvania’s Social Detection
Oct 30 2020 // Insight Service Group (ISG) has acquired Social Detection LLC., based out of Pennsylvania, to further expand its Social Media Technology platform. Together, ISG and Social Detection will provide a more expansive and...
Why It’s a Good Time for Insurtechs to Be Thinking About Mergers
Oct 30 2020 // The drumbeat for insurtechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes. “InsurTech is...
