Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Truist on Track for 5 Acquisitions to Boost Its Wholesale Insurance Business
Dec 7 2020 // Charlotte, N.C.-based Truist Insurance Holdings reported that it will complete five insurance acquisitions this quarter, adding more than $100 million of combined annual revenue to its wholesale division. The most recent...
CPP Group UK and Partners& Offer Cyber Risk Assessment Tool
Dec 7 2020 // CPP Group UK and Partners& are now offering access to a risk management tool to help brokers and their customers identify and mitigate cyber vulnerabilities. The risk management tool KYND instantly identifies an...
Alera Group Acquires Legacy Risk & Insurance Services in California
Dec 4 2020 // Alera Group has acquired Legacy Risk and Insurance Services LLC in California. Legacy Risk is a provider of property/casualty solutions for commercial insurance and private client service offerings. The Legacy Risk team...
CRC Group Acquiring Assets of Louisiana’s Continental Underwriters
Dec 4 2020 // CRC Group, a nationwide wholesale distributor of specialty insurance products, has agreed to acquire the assets of Continental Underwriters. Headquartered in Covington, La., Continental provides primary marine, excess...
World Insurance Associates Acquires Virginia’s Tucker Insurance Service
Dec 4 2020 // World Insurance Associates LLC (WIA) has acquired Tucker Insurance Service Inc. of Falls Church, Va., on November 1, 2020. Terms of the transaction were not disclosed. Tucker was established in 1961. It is a full-service...
Arthur J. Gallagher & Co. Acquires North Star Insurance Services, North Star Marine
Dec 4 2020 // Arthur J. Gallagher & Co. has acquired Seattle-based North Star Insurance Services LLC and Fairhaven, Mass.-based North Star Marine Insurance Services LLC. Terms of the transaction were not disclosed. Founded in 2001,...
Nebraska Agency, INSPRO, Acquired by Marsh & McLennan Agency
Dec 4 2020 // Marsh & McLennan Agency LLC (MMA) has acquired INSPRO, a full service, independent agency in Lincoln, Nebraska. Terms of the acquisition were not disclosed. For more than 80 years, INSPRO has been providing business...
World Insurance Associates Acquires Insurance Solution Network in Illinois
Dec 3 2020 // New Jersey-based World Insurance Associates LLC (WIA) has acquired Insurance Solution Network LLC (ISN) of Villa Park, Ill. Terms of the Nov. 1 transaction were not disclosed. ISN, led by President Daniel Berlin, has been...
Travelers to Acquire Plymouth Rock’s Digital Agency InsuraMatch
Dec 3 2020 // The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. The transaction is expected to close in the first quarter of 2021 after...
Capco Acquires Connecticut-Based Insurance Consultancy Firm NEOS
Dec 3 2020 // Capco, a global management and technology consultancy, has acquired NEOS LLC, a Hartford, Conn.-based consultancy focused on helping insurance organizations drive transformational change. The transaction will complement...
Huber to Lead Southeast Expansion for Core Assurance Partners
Dec 3 2020 // Core Assurance Partners, Inc. has hired Rob Huber to the firm as deputy managing director of Core Assurance Atlanta, LLC, a newly formed subsidiary. Rob Huber In this role, Huber will be responsible for strategic growth in...
Marsh & McLennan Agency Acquires Heritage Insurance Service of Kentucky
Dec 2 2020 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Heritage Insurance Service, Inc., an independent agency in Louisville, Ky. Terms of the acquisition were not...
Alera Group Acquires Michigan Insurance Agency, Lighthouse Group
Dec 2 2020 // Alera Group, an insurance firm headquartered in Deerfield, Mich., has acquired Lighthouse Group, an independent insurance agency with eight locations through Michigan. The acquisition was effective Dec. 1, 2020. Lighthouse...
Crum & Forster Acquires Aspen’s Food and Beverage Product Recall Business
Dec 2 2020 // Specialty insurer Crum & Forster (C&F) has acquired the renewal rights of Aspen’s U.S. food and beverage product recall insurance portfolio written primarily through the excess and surplus lines market. The...
Hub International Acquires Quebec-Based Seymour Alper
Dec 2 2020 // Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired Seymour Alper Inc. Terms of the transaction were not disclosed. Located in Mount Royal, Quebec, Canada, Seymour Alper Inc. is an...
Allianz to Buy General Insurance Business of Australia’s Westpac for $534M
Dec 2 2020 // Allianz announced it has agreed to purchase the general insurance business of Westpac Banking Corp., the Australian banking group for a deal worth A$725 million (US$534 million). It will also enter into a new 20-year...
TWFG Insurance Acquires Penguin Insurance Services in California
Dec 1 2020 // TWFG Insurance has acquired Penguin Insurance Services in Milpitas, Calif. Terms of the deal were not disclosed. Penguin is a network of independent brokers, which supports brokers throughout California, Colorado, Nevada,...
AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.
Dec 1 2020 // AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale...
Private Equity Firm Cinven and Canada’s BCI to Buy Legacy Specialist Compre
Dec 1 2020 // Cinven, an international private equity firm, and British Columbia Investment Management Corp. (BCI), one of Canada’s largest institutional investors, announced they have reached an agreement to acquire Compre, a...
World Insurance Associates Acquires Connecticut’s Flanagan Associates
Dec 1 2020 // World Insurance Associates LLC (WIA) has acquired Flanagan Associates LLC of North Haven, Conn., on November 1, 2020. Terms of the transaction were not disclosed. Established more than 30 years ago, Flanagan Associates has...
