Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Q3 Insurtech Fundraising Breaks Records, but Some Mid-Tier Firms See Funding Gap
Oct 28 2020 // Insurtech funding saw the largest number of deals and the highest amount of funding since data recording into insurtech began, with $2.5 billion raised by insurtech firms across 104 deals during the third quarter,...
Risk Strategies Acquires LaRocca & Associates of Florida
Oct 28 2020 // Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired LaRocca & Associates, Inc., a specialty brokerage with expertise in health and welfare benefits across several...
The Plexus Groupe Acquires D.H. Tank Insurance in Illinois
Oct 28 2020 // The Plexus Groupe has acquired D.H. Tank Insurance Agency located in the Chicago suburb of Naperville, Ill. Founded in 1968, the Tank Agency is an independent insurance agency specializing in commercial property/casualty...
New CFC Intellectual Property Product Targets Risks of M&A Transactions
Oct 27 2020 // CFC has launched a new product designed to address intellectual property (IP) infringement risks facing buyers undertaking a merger or acquisition. The product offers protection to buyers for IP infringement risks...
Pandemic Having LittIe Effect on Insurance Agency M&A Activity: OPTIS Partners
Oct 27 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...
Canada’s Brookfield Business Partners to Buy Remainder of Insurer Genworth for $1.2B
Oct 26 2020 // Genworth MI Canada said on Monday real estate service provider Brookfield Business Partners will buy the remaining 43% stake it does not hold in the mortgage insurer for about C$1.6 billion ($1.21 billion). Brookfield,...
Coverys European Holdings Acquires Bridge Insurance Broker in Italy
Oct 26 2020 // Coverys European Holdings (CEH), an agency platform and network specializing in European markets, has completed the 100% acquisition of Bridge Insurance Broker S.R.L, a Lloyd’s wholesale broker and coverholder based...
Georgia County to Pay $1M Fine Over Sewage Leaks to Buy Time for Repairs
Oct 23 2020 // A suburban Atlanta county where leaky pipes keep spilling raw sewage into creeks and rivers would pay a $1.05 million fine to regulators and get seven more years to make repairs under a new proposed federal court...
Top African Insurer Sanlam Refocuses on Home Market After 2018 Acquisition Misfires
Oct 23 2020 // Paul Hanratty, the new chief executive officer of Sanlam Ltd., is refocusing on the South African insurer’s home market and plugging holes from its largest-ever acquisition to squeeze higher returns out of its...
PartnerRe Appoints Hiscox’s Hughes as CEO Third Party Capital
Oct 22 2020 // PartnerRe Ltd. announced that Andrew Hughes will join PartnerRe in the new role of CEO, Third Party Capital, subject to immigration approval. Hughes will be responsible for further developing and growing PartnerRe’s...
Insurity Acquires Billing Services Firm Bill It Now
Oct 22 2020 // Insurance systems and data firm Insurity announced it has acquired Bill It Now, a cloud-based billing-as-a-service for insurers, managing general agencies and program administrators. Bill It Now offers payment plan...
Talanx Acquires Italian Non-Life Insurer Amissima
Oct 22 2020 // The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on acquisition, via its Italian subsidiary. HDI Assicurazioni, a subsidiary of HDI...
Eastern Insurance Group Acquires Assets of Massachusetts’ Auburn Insurance Agency
Oct 22 2020 // Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, has acquired the assets of the Auburn Insurance Agency Inc., a full-service, family-owned insurance agency based in Natick, Mass. Founded in 1982 by...
USI Insurance Services to Acquire Findley of Tennessee
Oct 22 2020 // USI Insurance Services has entered into a definitive agreement to acquire Nashville, Tenn.-based Findley, Inc. Subject to customary closing conditions, including regulatory approvals, the transaction is expected to close...
World Insurance Associates Acquires Virginia’s Hampton Insurance Agency
Oct 21 2020 // World Insurance Associates LLC (WIA) has acquired Hampton Insurance Agency LLC of Hampton, Va., on October 1, 2020. Terms of the transaction were not disclosed. Hampton Insurance is a property and casualty insurance agency...
Alera Group Acquires Massachusetts’ Gordon Atlantic Insurance Agency
Oct 19 2020 // Alera Group has acquired Gordon Atlantic Insurance Agency, effective October 1, 2020. Gordon Atlantic joins Alera Group through local firm Sylvia Group. The Gordon Atlantic team will continue serving clients in their...
CUNA Mutual Acquires Digital Consumer Lending Platform CuneXus
Oct 16 2020 // CUNA Mutual Group is expanding its digital capabilities by acquiring CuneXus, an online and mobile lending platform. CUNA Mutual Group became an early-stage investor in CuneXus through its venture capital entity, CMFG...
Insurance Acquisition Completes Shift Auto Retailer Deal; IPO Launches
Oct 16 2020 // Shares of Shift Technologies Inc. fell 6.7% in their Nasdaq debut on Thursday after the online used-car seller went public through a reverse-merger deal with blank check firm Insurance Acquisition Corp. Shift shares were...
McGowan Acquires Assets of Illinois’ M.P. Caplice Insurance Group
Oct 15 2020 // The McGowan Companies (McGowan), based in Fairview, Ohio, has purchased the assets of M.P. Caplice Insurance Group LLC and related entities (M.P. Caplice). In the near future, M.P. Caplice will be re-branded under the...
Hull & Company Acquires Assets of J.E. Brown & Associates in California
Oct 15 2020 // Hull & Company LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of J.E. Brown & Associates Insurance Services Inc. Following the transaction, the J.E. Brown team will...
