Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Davies Acquires Massachusetts’ TriPlus Service in North American Expansion
Sep 22 2020 // Davies, a specialist professional services and technology business, has acquired TriPlus Service Inc, a long-term care insurance third party administrator (TPA) based in Massachusetts. TriPlus provides its long-term care...
Lockton Partners with Michigan Minority Enterprise Brokerage, Birwood Services Group
Sep 21 2020 // Lockton has formed a strategic alliance with Birwood Services Group, a Detroit-based certified minority business enterprise (MBE) insurance brokerage. Lockton’s alliance with Birwood is part of the company’s...
Arthur J. Gallagher & Co. Acquires The Merriam Agency
Sep 21 2020 // Arthur J. Gallagher & Co. has acquired Charles W. Merriam & Son Inc., d/b/a The Merriam Agency. Terms of the transaction were not disclosed. Founded in 1895, The Merriam Agency is a full-service insurance agency...
Welcome to Insurance Journal’s annual Top 20 Agency Partnerships report. This report is ranked by total property/casualty revenue for 2019.
Sep 21 2020 // Today’s Agency Partnerships are numerous and offer value and benefits to their members, including independence, growth opportunities, access to markets, profit sharing, perpetuation planning, relationships,...
Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion
Sep 20 2020 // Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to...
Arthur J. Gallagher & Co. Acquires Erin P. Collins & Associates in Arizona
Sep 18 2020 // Arthur J. Gallagher & Co. has acquired Kingman, Ariz.-based Erin P. Collins & Associates Inc. Erin Collins and his associates will continue to operate from their current locations under the direction of Scott...
KMRD Partners Hires Chaples as Sales, Relationship Manager in Pennsylvania
Sep 18 2020 // KMRD Partners has hired Greg Chaples to its team as a sales and relationship manager in its Warrington, Penn., office. KMRD Partners is a risk management and human capital consulting and insurance brokerage firm with...
High Street Insurance Partners Adds Two Partner Agencies to Portfolio
Sep 18 2020 // Lower-middle-market private equity firm Huron Capital announced that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co. Inc. and Millennium Alliance Group...
In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO
Sep 17 2020 // State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It will be the first time in State Farm’s 98-year history that it has...
Arthur J. Gallagher & Co. Acquires The Kirksey Agency in Louisiana
Sep 17 2020 // Insurance broker Arthur J. Gallagher & Co. has acquired West Monroe, Louisiana-based The Kirksey Agency Inc. Terms of the transaction were not disclosed. The Kirksey Agency was founded in 1980 with crop insurance as...
At-Bay in California Names Felton Head of Partnerships
Sep 17 2020 // At-Bay has named Kristie Felton head of partnerships. Felton will spearhead At-Bay’s collaboration with digital distribution partners, including digital broker platforms, enterprise technology companies and...
Brown & Brown Acquires Assets of Brookstone Insurance Group in Texas
Sep 16 2020 // Brown & Brown Lone Star Insurance Services Inc., a subsidiary of Florida-based Brown & Brown Inc., has acquired substantially all of the assets of Brookstone Insurance Group. Brookstone Insurance Group provides...
Keystone Agency Investors Acquires 4 Missouri Agencies, Forms Midwest Risk Partners
Sep 16 2020 // Keystone Agency Investors (KAI), a new strategic partnership formed by Keystone Insurers Group and Bain Capital Credit, has acquired four St. Louis, Missouri-based insurance agencies, which together will form Midwest Risk...
OneBeacon Acquires International Bond & Marine Brokerage
Sep 15 2020 // OneBeacon Insurance Group said it has acquired International Bond & Marine Brokerage, Ltd., a privately held brokerage and risk management firm specializing in the international trade markets. IB&M will retain its...
Associated Agencies Acquires The Bensman Group in Illinois
Sep 15 2020 // Associated Agencies Inc., a privately held insurance and risk management firm based in Rolling Meadows, Ill., has acquired Bensman Risk Management Inc. and Bensman Associates Ltd. (The Bensman Group), a Bannockburn,...
Triple Threat: Carrier-Insurtech-Agency Partnerships Can Transform Commercial Lines
Sep 14 2020 // COVID-19 has changed many things in the insurance industry. Seemingly overnight everyone is working from home and the companies with the best digital customer experiences have the advantage. Yet, commercial lines insurance...
Brown & Brown, Inc. Acquires the Assets of Frank E. Neal & Co.
Sep 11 2020 // Brown & Brown of Tennessee, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of the Frank E. Neal & Co. Agency, according to an announcement from J. Scott Penny, chief...
Risk Strategies Acquires Philadelphia-Based Securitas Insurance Partners
Sep 11 2020 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Securitas Insurance Partners LLC, a specialty brokerage focused on the retail insurance and risk management needs of...
IMA Select Acquires Phillip Gira Insurance Agency in Colorado
Sep 10 2020 // IMA Select has completed its acquisition of Phillip Gira Insurance Agency in Denver, Colo.’s Glendale/Cherry Creek area. Inga Phillip, who founded and served as CEO for Phillip Gira Insurance Agency for the past 35...
Dallas Benefits Insurance Agency, Next Level, Partners with ThinkHR
Sep 10 2020 // Dallas-based Next Level Insurance Agency is partnering with ThinkHR on risk management, human resources and employee communication support at no cost for its employee benefits clients. ThinkHR is a technology platform to...
