Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
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...
