Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
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...
The Hilb Group Acquires Maryland’s Insurance Solutions
Oct 15 2020 // The Hilb Group LLC (THG) has acquired Maryland-based Insurance Solutions (ISI). The transaction became effective on October 1, 2020. Founded in 1989, ISI is a full-service employee benefits agency with expertise in group...
Berkshire Hathaway Sues Law Firm It Says Aided $756 Million M&A Fraud
Oct 15 2020 // A unit of Warren Buffett’s Berkshire Hathaway Inc. claims a top international law firm helped German piping component maker Wilhelm Schulz GmbH fraudulently conceal its disastrous finances before its 2017 acquisition...
Munich Re Forms Partnership to Help Create ‘Pay-Per-Part’ Model for Manufacturers
Oct 14 2020 // The TRUMPF Group and Munich Re Group are entering into a strategic partnership for a “pay-per-part” business model, which enables customers to use a full-service laser machine without having to buy or lease any...
Clegg Insurance Group Finalizes Acquisition of iCan Benefit Group
Oct 14 2020 // Clegg Insurance Group finalized the acquisition of the property and casualty division of iCan Benefit Group late September in Boca Raton, Fla., adding more than 1,500 clients to its book of business and expanding further...
Relation Insurance Acquires Assets of Oklahoma’s Lucht Insurance Group
Oct 13 2020 // Relation Insurance Services (Relation), a privately owned insurance brokerage that offers property/casualty, risk management, employee benefits, and TPA-consulting services through its family of brands across the United...
Sternberg Joins NFP’s Merger & Acquisition Risk Unit
Oct 13 2020 // Insurance broker NFP announced that Charles Sternberg has joined its property/casualty division as a senior vice president. He will lead the insurance placement and portfolio management team for NFP’s Merger &...
NFP Acquires UK-Based P/C Broker Ernest R. Shaw Ltd.
Oct 12 2020 // NFP, a New York City-based insurance broker and consultant, announced the acquisition of Ernest R. Shaw Ltd. in a transaction that closed on Sept. 1, 2020. Financial details of the deal were not disclosed. ER Shaw, located...
AccuRisk’s Share of Texas Non-Subscriber Market to Grow with Acquisition
Oct 12 2020 // Chicago-based managing general underwriter, AccuRisk Solutions LLC, is set to acquire the renewal rights to Great American Insurance Group’s book of Texas occupational illness and injury non-subscription...
BXS Insurance Acquires Alexander & Sanders Insurance in Louisiana
Oct 9 2020 // BXS Insurance Inc., a subsidiary of BancorpSouth Bank, has acquired the assets of Alexander & Sanders Insurance Agency Inc., headquartered in Baton Rouge, Louisiana. Alexander & Sanders provides risk management and...
Arch Capital Bests Enstar with Offer to Acquire Watford for $622 Million
Oct 9 2020 // Arch Capital Group Ltd., which had been reported to be pursuing a deal, has agreed acquire all the common shares of Watford Holdings Ltd. in an all-cash transaction valued at approximately $622 million, or $31.10 per...
Newfront in California Adds Alliant’s Parker to Run Carrier Partnerships
Oct 9 2020 // Newfront Insurance in San Francisco, Calif., has named Natalie Parker head of carrier partnerships. Parker will oversee carrier relationships for Newfront, and join its executive team. She joins Newfront from Alliant...
Hub International Acquires Ontario’s Mumby Insurance Brokers
Oct 8 2020 // Global insurance broker Hub International has acquired the property/casualty and employee benefits businesses of Mumby Insurance Brokers Inc. in Waterloo, Ontario. Terms of the transaction were not disclosed. Mumby...
