Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
The Hilb Group Acquires Assets of Rhode Island’s D.F. Dwyer & Associates
Feb 28 2020 // The Hilb Group LLC (THG) has acquired certain assets of Rhode Island-based D. F. Dwyer & Associates LLC (DFD). The transaction became effective February 1, 2020. Based in Newport, R.I., DFD provides a full range of...
Nationwide, Generali Form Joint Venture N2G to Sell Multinational Commercial Lines
Feb 27 2020 // Trieste, Italy meet Columbus, Ohio. Ciao! Hello! Two large insurers — Ohio’s Nationwide and Italy’s Generali — are teaming up to serve commercial insurance customers with global needs. The insurers...
IMA Group Acquires Behavioral Health Firm PsyBar
Feb 27 2020 // Tarrytown, N.Y-based employment services firm The IMA Group (IMA) has acquired PsyBar, a specialty provider of behavioral health, independent medical exams and other employment-related services nationally. Edina,...
Zurich Insurance Partners with Cyber-Security Specialist CYE
Feb 26 2020 // Zurich Insurance Group has created a new offering together with cyber-security company CYE to shield businesses against the growing risks of cyber crime. With the partnership, Zurich’s specialist cyber insurance and...
AssuredPartners Acquires Superior Benefits of Florida
Feb 26 2020 // AssuredPartners, Inc. has acquired Superior Benefits, Inc. of Tampa, Fla., a national employee benefits agency with $1.5 million in annualized revenues. Superior Benefits staff will remain under the operational leadership...
Intuit to Acquire Credit Karma for $7.1 Billion
Feb 25 2020 // Intuit, the maker of TurboTax, QuickBooks and Mint, has agreed to acquire Credit Karma, the consumer technology platform, for approximately $7.1 billion in cash and stock. The combination brings together two technology...
USI Insurance Services Acquires Forté Benefits in Texas
Feb 25 2020 // USI Insurance Services has acquired Fort Worth, Texas-based Forté Benefits, a full-service employee benefit broker-consulting firm. All of the agency’s employees and four partners — Logan Dickinson, Jeff Farmer,...
Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface
Feb 25 2020 // Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based trade credit insurer. The transaction will be completed at a price of...
Has Our Company Partnered with a Bad Recruiter?
Feb 24 2020 // The most popular “Ask the Insurance Recruiter” article in 2019 was July’s Partner or Pariah? 5 Hacks to Improve Your Experience Working with Recruiters. This was inspired by the negative reports I hear...
ProAssurance Looks to Acquire NORCAL in $450M Deal
Feb 21 2020 // Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL’s demutualization in a $450 million transaction. Based on...
Bills in Congress, States Seek to Curb Litigation Funding
Feb 20 2020 // Lawmakers in three states and in Congress have introduced bills to impose more controls on litigation funding companies, which insurers contend are one of the factors leading to an increase in “nuclear...
Arizona Flood Control Project Receives Federal Funding
Feb 20 2020 // Flagstaff, Ariz.’s mayor hailed a federal agency’s commitment of $52 million for a major flood control project, saying it will protect the northern Arizona city from potentially catastrophic effects of flooding...
Risk Strategies Acquires Virginia’s UNIRISC
Feb 19 2020 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired UNIRISC Inc., a specialist in the global relocation insurance and risk management needs of corporate personnel and...
Texas Windstorm Insurer Sets Funding at $4.2 Billion for 2020 Cat Year
Feb 19 2020 // The wind and hail insurance carrier of last resort for counties along the Texas coast has determined that its 1-in-100 probable maximum loss (1:100 PML) for the 2020 catastrophe year is $4.2 billion. At a quarterly meeting...
Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance
Feb 18 2020 // Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price, said Swiss Re in a statement. HEMSÄKER, which can be purchased online via the...
Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific
Feb 18 2020 // Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific (PMAP), subject...
AssuredPartners Acquires Nevada West Business Insurance Agency, Inc.
Feb 14 2020 // AssuredPartners Inc. has acquired Nevada West Business Insurance Agency Inc. in Las Vegas, Nev. The team of five will remain under the operational leadership of Jeff Maren. Terms of the deal weren’t disclosed. Nevada...
SCOR Buys Majority Stake in Brazil MGA with Agricultural Specialty
Feb 14 2020 // Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers. Neither side disclosed...
Ohio’s McGowan, Allied Specialty Partner on Amusement/Entertainment Insurance
Feb 13 2020 // Fairview Park, Ohio-based The McGowan Companies has entered into a joint venture with Allied Specialty Insurance Inc., a subsidiary of AXA’s property/casualty and specialty risk division, AXA XL, forming McGowan...
