Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
World Insurance Associates Acquires Kansas’ Peoples Insurance Group
Aug 27 2020 // World Insurance Associates LLC (WIA) has acquired Peoples/Commercial Insurance Services LLC (d/b/a Peoples Insurance Group) in Topeka, Kansas. The transaction, the terms of which were not disclosed, was effective Aug....
Aon, Willis Towers Watson Shareholders Approve Merger
Aug 26 2020 // Shareholders of insurance brokers Aon and Willis Towers Watson have approved all of the proposals necessary to complete their previously announced combination, the firms announced. Aon intends to combine with Willis in an...
Risk Strategies Acquires Ohio’s McCamon Hunt Insurance Agency
Aug 26 2020 // Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired Boardman, Ohio-based, McCamon Hunt Insurance Agency Inc. Terms of the deal were not disclosed. McCamon Hunt adds to Risk...
Accredited Enters New Program Underwriting Partnership with Surround Insurance
Aug 26 2020 // Accredited Surety & Casualty Company Inc., a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd. (R&Q) and a Florida-domiciled insurance company licensed in all 50 states to write admitted...
Johnson & Johnson to Acquire Assets of Georgia-Based National Program Management
Aug 26 2020 // Johnson & Johnson will expand its presence in Georgia by acquiring the assets of National Program Management (NPM) located in Alpharetta. The parties expect the transaction to close Sept. 1, 2020. National Program...
Insurance Run-Off Specialist Marco Capital Acquires British Reserve from Allianz
Aug 25 2020 // Newly-launched insurance run-off specialist Marco Capital Holdings said it has agreed to purchase British Reserve Insurance Co. Ltd., a UK non-life insurance company, from Allianz. The transaction, Marco’s first, is...
Randall & Quilter to Acquire World Marine & General Insurance From BHP
Aug 21 2020 // Randall & Quilter II Holdings Limited has agreed to acquire the entire issued share capital of The World Marine & General Insurance Co. from BHP Group Limited. WMG was incorporated in England & Wales in 1894...
Alera Group Acquires Maryland’s FNL Insurance Group
Aug 21 2020 // Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired FNL Insurance Group, effective August 1, 2020. For more than 40 years, FNL Insurance Group has...
Alera Group Acquires Banasky Insurance in Utah
Aug 21 2020 // Alera Group has acquired Banasky Insurance Inc., which has locations in Price and Draper, Utah. Terms of the deal were not disclosed. Banasky Insurance offers property/casualty insurance solutions for clients, including...
The Upton Group of Alabama Partners with Acrisure
Aug 20 2020 // The Upton Group has entered into a partnership with global insurance broker Acrisure, which will enable The Upton Group to build on its insurance and risk management services for franchise business clients, with a special...
Randall & Quilter to Acquire Inceptum
Aug 19 2020 // Randall & Quilter II Holdings Limited has agreed to acquire the entire issued share capital of Inceptum Insurance Co. Inceptum is closed to new business and the company’s principal activities are the run-off of...
Aon’s New Capital Partners Aims to Tap Additional Sources of Capital for Reinsurance
Aug 19 2020 // Global broker Aon has formed a new team in its Reinsurance Solutions business that will focus on building global investor relationships in order to identify additional sources of capacity to clients. The new Capital...
SpottedRisk Acquires Completion Bonds Agency Media Guarantors
Aug 19 2020 // Entertainment insurance provider SpottedRisk has acquired Media Guarantors, a specialized managing general underwriter focused on completion bonds for the film industry. West Hollywood, Calif.-based Media Guarantors,...
Allianz Benelux Sells Closed Life Insurance Book to Monument Assurance Belgium
Aug 18 2020 // Allianz Benelux in Belgium reported it will transfer a closed book of life retail insurance business together with 4.500 mortgage loans to Monument Assurance Belgium (MAB) within 18 months after regulatory approvals. The...
NFP Acquires Ireland’s HMP Insurance
Aug 18 2020 // New York-based insurance brokerage NFP said it has acquired HMP Insurance & Pension Advisors Limited (HMP), based in Dublin, Ireland. Terms were bot disclosed. HMP provides employee benefits, pension and group risk...
Brown & Brown of Massachusetts Acquires Assets of Amity Insurance Agency
Aug 17 2020 // Brown & Brown of Massachusetts Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Amity Insurance Agency. Amity Insurance was founded in 1978 and offers insurance products and...
Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties
Aug 17 2020 // Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co’s...
Risman Insurance Agencies Acquires Massachusetts’ Insurance Associates
Aug 14 2020 // Risman Insurance Agencies acquired Insurance Associates Inc. of Burlington, Mass., on August 3, 2020. Insurance Associates has been a family-owned and -operated business and a member of the community for more than eight...
Huron Capital’s High Street Acquires Michigan’s Capital Insurance Group
Aug 14 2020 // High Street Insurance Partners (High Street), a portfolio company of the private equity firm Huron Capital, has acquired Capital Insurance Group (CIG), headquartered in Bloomfield, Michigan. CIG primarily sells commercial...
Baker Promoted to Partner of Florida-Based BKS Partners
Aug 14 2020 // BKS Partners, a Tampa-headquartered insurance brokerage and risk management firm has appointed Frank Baker to partner. Baker joined the firm as a founding member in 2006. He came aboard with experience in Tampa’s...
