Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
NFP Acquires Hutch Hubby & Associates in Austin
Sep 29 2020 // National insurance broker NFP has acquired the Austin, Texas-based employee benefits firm, Hutch Hubby & Associates. The acquisition is NFP’s third in central Texas in 2020. The firm’s principal, L. Hutch...
UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger
Sep 28 2020 // UK insurance company Liverpool Victoria said it remains in talks with a “number of parties” about a possible transaction after Sky News reported it was negotiating a merger with rival Royal London. The company...
Arch Forms Underwriting Partnership with ProHost for Restaurant Industry Program
Sep 25 2020 // Arch Insurance has formed an underwriting partnership with ProHost USA, a Minneapolis-based insurance program administrator providing specialty packages to the restaurant industry. ProHost USA is part of Distinguished...
Reliance Global Group Acquires New York’s UIS Agency
Sep 24 2020 // Reliance Global Group Inc. has acquired the assets of UIS Agency LLC, a Thiells, N.Y.-based insurance agency serving the commercial transportation industry. Reliance Global Group CEO Ezra Beyman said in a company press...
World Insurance Associates Acquires New Jersey’s Gateway Agency National
Sep 24 2020 // World Insurance Associates LLC (WIA) acquired Gateway Agency National of Highlands, N.J., on September 1, 2020. Terms of the transaction were not disclosed. Founded in 1981, Gateway specializes in home, automobile, boating...
Home Insurtech MGA Hippo, Topa Insurance End Their 3-Year Partnership
Sep 23 2020 // Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, a technology-driven managing general agency offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move...
The Hilb Group Acquires Connecticut’s Ganim Group
Sep 23 2020 // The Hilb Group LLC (THG) has acquired Connecticut-based Ganim Group Inc. (Ganim Benefits) from Ganim Financial Inc. The transaction became effective on September 1, 2020. The Ganim Benefits team, including Valerie Koch,...
Thoma Bravo Completes Acquisition of Insurance Software Firm Majesco
Sep 22 2020 // Private equity firm Thoma Bravo has completed the acquisition of insurance software firm Majesco. Under the terms of an amended merger agreement announced on Aug. 8, Thoma Bravo acquired all of the shares of Majesco common...
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...
