Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
NFP Acquires Santa Maria & Co. in California
Oct 7 2020 // NFP has acquired Santa Maria & Co. in Walnut Creek, Calif. Craig Santa Maria, a principal and cofounder of the firm, will join NFP as a senior vice president and report to Doug Turk, regional managing director of...
Howden’s Acquisition of A-Plan Group to Create One of UK’s Largest Brokers
Oct 7 2020 // The international insurance broking group Howden recently announced that it has agreed to acquire A-Plan Group, one of the UK’s largest personal and commercial lines insurance brokers. The deal promises to create one...
Hub International Limited Acquires Assets of Maryland’s Bernstein Insurance
Oct 7 2020 // Global insurance brokerage Hub International Limited has acquired the assets of Bernstein Insurance LLC. Terms of the transaction were not disclosed. Bernstein Insurance’s principal owner, Jennifer Bernstein, was...
Bold Penguin Acquires RiskGenius in Commercial Insurance Technology Deal
Oct 6 2020 // Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help grow their reach more than they have been able to thus far on their own, Carrier Management...
First Mainstreet Insurance Acquires Two Iowa Agencies
Oct 6 2020 // First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., has acquired two Iowa agencies: Brummel Madsen Insurance in Cedar Falls and The Engel Agency in Maquoketa. Brummel Madsen Insurance has been...
Hub International Limited Acquires Virginia’s WFG Benefits
Oct 6 2020 // Global insurance brokerage Hub International Limited has acquired the assets of WFG Benefits Inc. Terms of the transaction were not disclosed. Located in McLean, Va., WFG Benefits Inc. is an insurance and employee benefit...
World Insurance Associates Acquires New York’s Paul Global Benefits
Oct 6 2020 // World Insurance Associates LLC (WIA) has acquired Paul Global Benefits Inc. (PGB) of Syosset, N.Y., on September 1, 2020. Terms of the transaction were not disclosed. PGB is an employee benefits consulting firm...
Hub International Buys Canadian Benefits Consultancy Firm, Clearpoint
Oct 6 2020 // Hub International Ltd., a Chicago-based global insurance broker, announced it has acquired Canadian benefits firm, Clearpoint, which comprises Clearpoint Advisory Group Inc., Clearpoint Retirement Solutions Inc. and...
Wholesale Trading Insurance Services Acquires Landmark E&S in California
Oct 5 2020 // Wholesale Trading Insurance Services LLC and its parent company, Jencap, LLC, have agreed to acquire privately held Landmark E&S Insurance Brokers LLC, an Anaheim, Calif. based specialty wholesale brokerage firm. Terms...
Pandemic Economic Uncertainty Could See Insurers Buying, Partnering with Insurtechs
Oct 5 2020 // Insurance carriers could increasingly target insurtechs for acquisition and partnerships in the coming months due to pandemic-related economic uncertainty, according to a report. “As insurers move toward late 2020...
Trean Group Completes Acquisition of South Carolina-Based 7710 Insurance Co.
Oct 5 2020 // The wholly-owned subsidiary of Trean Insurance Group, Benchmark Holding Co., Inc., has completed the acquisition of South Carolina-based 7710 Insurance Company, as well as its associated program manager and agency. 7710...
Legacy Reinsurer Premia Agrees to Buy Navigators Holdings (Europe) from The Hartford
Oct 5 2020 // Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. has agreed to acquire Navigators Holdings (Europe) NV and its associated companies from The Hartford. Navigators’ associated companies are...
Worldwide Facilities Acquires New Jersey’s Hunt Jorgensen
Oct 5 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Hunt Jorgensen LLC, a managing general underwriter specializing in professional liability...
Westland Insurance Acquires 2 Brokerage Firms in Alberta, Canada
Oct 5 2020 // Westland Insurance Group Ltd. announced it has acquired two brokers, based in Alberta, Canada, effective October 1, 2020. Ironside Insurance Brokers is a family-owned brokerage located in Carstairs, Alberta. Its...
Business Continuity Firm Agility Recovery Acquires Chicago’s Recovery Solutions
Oct 2 2020 // Agility Recovery, a Denver-based provider of business continuity services for banking and insurance companies, has acquired Chicago, Illinois-based Recovery Solutions. Recovery Solutions delivers audit-ready and Federal...
UK Insurtech Zego Partners with 2 Independent Broker Networks to Expand Fleet Offering
Oct 2 2020 // London-based insurtech Zego has partnered with two of the UK’s biggest networks of independent brokers that sit within Bravo Group. Zego will benefit from access to a community of over 700 brokers, more than 60% of...
Generali Completes Legal Merger of Subsidiaries in Portugal
Oct 2 2020 // After the completion of the acquisition of Seguradoras Unidas S.A. in Portugal in January, Generali concluded the process of the legal merger of all its 100% owned insurance subsidiaries in Portugal on Oct. 1,...
UK MGA Manchester Underwriting Mgmt Buys Renewal Rights of Pinpoint Underwriting
Oct 2 2020 // Manchester Underwriting Management Ltd. (MUM) has acquired the portfolio renewal rights of Pinpoint Underwriting. The underwriting team at Pinpoint will be joining MUM with immediate effect. Pinpoint is a well-established...
CRC Group Acquires Specialty Risk Associates in Louisiana
Oct 1 2020 // CRC Group has acquired Specialty Risk Associates Inc. in Shreveport, La. Terms of the deal were not disclosed. The addition of Specialty Risk expands CRC Group’s binding, transportation binding and personal lines...
White Mountains to Buy 72% Stake in Lloyd’s Insurer Ark for Growth in Hardening Market
Oct 1 2020 // White Mountains Insurance Group, Ltd. announced it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd., the parent company of Ark Syndicate...
