Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
First Mainstreet Acquires Nissen-Caven Insurance, Tyler Insurance in Iowa
Jan 14 2021 // First MainStreet Insurance (FMSI), an affiliate of TrueNorth Companies, has acquired two Iowa-based agencies: Nissen-Caven Insurance and Tyler Insurance Services. Nissen-Caven Insurance joined FMSI on Nov. 1, 2020. Since...
For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts
Jan 14 2021 // Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. The broker announced in...
W.R. Berkley Sells Manhattan Real Estate Investment Property
Jan 13 2021 // W.R. Berkley Corp. sold off one of its real estate investments – a New York City office complex – at the end of 2020. The sale generated a $105 million pre-tax net gain, according to the commercial lines specialty...
Core Specialty Partners, Lancer Launch Excess Transportation Program
Jan 13 2021 // Core Specialty Insurance Holdings and its subsidiaries have partnered with Lancer Management Co. to provide excess liability limits for qualified local, intermediate and long haul trucking accounts as well as general...
Exceptional Risk Advisors Acquires International Specialty of North Carolina
Jan 13 2021 // Exceptional Risk Advisors, a Lloyd’s of London coverholder, has acquired assets of International Specialty Insurance Services. Headquartered in Winston-Salem, N.C., International Specialty Insurance designs insurance...
Rhodes Risk Advisors Acquires Atlanta-Based McEver & Tribble
Jan 12 2021 // Rhodes Risk Advisors, an independent insurance firm, has acquired McEver & Tribble, an independent insurance agency also based in Atlanta. Combining the professional teams, risk management capabilities and insurance...
ReSource Pro Acquires 2 Insurance Consulting Firms: Strategy Meets Action, Nolan
Jan 12 2021 // Insurance operations, analytics and process services firm ReSource Pro said it has acquired two strategic advisory and management consulting firms focused on property/casualty insurance, Strategy Meets Action (SMA) and The...
High Street Insurance Partners Acquires Maryland’s Day, Deadrick & Marshall
Jan 12 2021 // Lower-middle-market private equity firm Huron Capital’s full-service insurance brokerage platform, High Street Insurance Partners, has acquired Day, Deadrick & Marshall Inc (DDM). Beltsville, Md.-based DDM is a...
Arthur J. Gallagher & Co. to Acquire UK Broker The Bollington Wilson Group
Jan 12 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has signed an agreement to acquire 100% of specialist UK insurance broker The Bollington Wilson Group. The transaction will close...
Reliance Partners of Tennessee Promotes Shelton
Jan 12 2021 // Reliance Partners, a privately-held commercial insurance agency for the transportation and logistics industry, has promoted Missi Shelton to vice president of Customer Service, National Accounts. Shelton will lead...
World Insurance Associates Acquires Two Rivers Insurance in Iowa
Jan 12 2021 // World Insurance Associates LLC (WIA) has acquired Two Rivers Insurance Company Inc. (TRIC) of Burlington, Iowa. TRIC includes Two Rivers Insurance Services (TRIS) and Employee Benefits Systems (EBS). Terms of the Dec. 31,...
Crest Insurance Group Acquires Gates in Arizona
Jan 12 2021 // Crest Insurance Group LLC of Tucson Arizona has acquired Gates Insurance Inc. President Michael Gates and his staff have been serving clients out of their home office in Mesa, Ariz., since 2009. Gates is a full-service...
High Street Acquires Partners Premier in Oregon
Jan 12 2021 // Private equity firm Huron Capital announced today that its insurance brokerage platform, High Street Insurance Partners, has acquired Premier Northwest Insurance in Oregon City, Ore. The firm has also acquired Day,...
Canadian Insurtech Apollo Closes C$13.5 Million Funding Round
Jan 11 2021 // Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million...
Smith Brothers Insurance Acquires New York-Based Shank & Falvey Insurance
Jan 11 2021 // Smith Brothers Insurance has acquired New York-based independent insurance broker Shank & Falvey Insurance, with locations in East Greenbush and Kinderhook. The acquisition expands Smith Brothers’ footprint in...
InterWest Insurance Acquires Sierra Gold in California
Jan 11 2021 // InterWest Insurance Services has acquired Sierra Gold Insurance Services in Nevada City, Calif. Terms of the deal were not disclosed. Sierra Gold was founded in 1997 and specializes in commercial, personal, surety bonds...
Insurance Company M&As to Continue in 2021
Jan 11 2021 // Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective advancements...
NIF Group Acquires Pacific Coast E&S in California
Jan 8 2021 // NIF Group, and its parent company, Jencap Group, have agreed to acquire the assets of Pacific Coast E&S Insurance Services in Santa Rosa, Calif. New York-based NIF is a program manager and wholesale broker providing...
Arthur J. Gallagher & Co. Acquires Canada’s Cain Insurance Services Ltd.
Jan 7 2021 // Arthur J. Gallagher & Co. announced the acquisition of Cain Insurance Services Ltd., based in Fredericton, New Brunswick in Canada. Terms of the transaction were not disclosed. Founded in 1986, Cain Insurance Services...
Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity
Jan 7 2021 // Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist area of hazardous industries and tanker transportation, building on a strategic...
