Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RogersGray Acquires Massachusetts’ G.H. Dunn Agency
Jan 8 2020 // RogersGray has continued its expansion with the acquisition of the G. H. Dunn Agency of Buzzards Bay and Mattapoisett, Mass. Following the acquisition, the team at G.H. Dunn will remain, including David Dunn who will be...
Saxe Doernberger & Vita Promotes Barrese to Partner in New Jersey
Jan 8 2020 // Saxe Doernberger & Vita, P.C. (SDV) has promoted Bethany L. Barrese to partner, effective January 1, 2020. Barrese’s practice focuses on complex policyholder coverage issues. She has experience handling coverage...
Tokio Marine to Pay US$374M for Insurance Joint Venture with Brazil’s Caixa Bank
Jan 7 2020 // Tokio Marine Holdings Inc. announced it will pay 1.52 billion reais (US$374 million) to form a joint venture to sell mortgage and homeowners insurance for Caixa Econômica Federal, the Brazilian state-owned...
Hub International Acquires Assets of Michigan’s Cranbrook Bloomfield Insurance Agency
Jan 7 2020 // Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired the assets of Cranbrook Bloomfield Insurance Agency LLC (CBIA) in Bloomfield Hills, Michigan. Terms of the transaction were not...
AssuredPartners Acquires Star & Shield Insurance Services of Florida
Jan 7 2020 // AssuredPartners, Inc. has acquired Star & Shield Insurance Services located in Tallahassee, Fla. The team of 11 will remain under the operational leadership of Frank Russo and Allyson Olver. The agency currently...
Tysers (a.k.a. Integro) Completes Acquisition of Specialist Lloyd’s Broker RFIB
Jan 6 2020 // Integro Insurance Brokers Holdings Ltd., the parent of U.K.-based firm Integro Insurance Brokers Ltd., which trades under the Tysers brand, announced it has completed its acquisition of Risk Transfer Group (RTG), the...
NI Holdings Completes Acquisition of Maryland’s Westminster
Jan 6 2020 // NI Holdings Inc. has completed its previously announced acquisition of Westminster American Insurance Company from private shareholders on January 1, 2020. The acquisition of Westminster further diversifies NI...
Arthur J. Gallagher & Co. Acquires Minority Stake in Malaysia’s SP&G Insurance Brokers
Jan 6 2020 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a minority stake in Malaysian broker SP&G Insurance Brokers Sdn Bhd. Terms of the transaction were not...
Arthur J. Gallagher & Co. Acquires New York’s Walsdorf Agency
Jan 3 2020 // Arthur J. Gallagher & Co. has acquired Huntington, N.Y.-based Walsdorf Agency Inc. Terms of the transaction were not disclosed. Founded in 1926, Walsdorf Agency is a third generation, family owned commercial and...
U.K. MGA Optio Buys Political Violence and Terrorism MGA, Newbridge Risk Partners
Jan 3 2020 // Optio, the London-based MGA that comprises Ascent Underwriting, Cove Programs and broker Bay Risk Services, announced it has acquired specialist political-violence and terrorism MGA Newbridge Risk Partners from Castel...
Allianz Buys U.K.’s LV General Insurance Group and Legal & General’s Non-Life Unit
Jan 2 2020 // Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51% of LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly Society (LVFS). The total...
Commercial Lines Insurtech Bold Penguin Acquires E&S Brokerage Tech Platform xagent
Jan 2 2020 // Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines business insurance...
New Hampshire’s Optisure Risk Partners Hires Five
Jan 2 2020 // Optisure Risk Partners has hired five individuals as the company continues its growth trajectory. Three new producers joined the organization: Heather Galloway Heather Galloway joined Optisure as a sales executive and...
The Hilb Group Acquires Rhode Island’s Wickford Insurance Agency
Dec 30 2019 // The Hilb Group LLC (THG) has acquired Rhode Island-based Wickford Insurance Agency Inc. (WIA). The transaction became effective December 1, 2019. WIA is a full-service property and casualty insurance agency for businesses...
Iowa’s Collins Community Credit Union, Coverage Direct Partnering on Launch of Collins Insurance
Dec 27 2019 // Collins Community Credit Union is launching Collins Insurance, a partnership with West Des Moines, Iowa-based, independent insurance agency, Coverage Direct. This partnership will provide Collins Community Credit Unions...
Alaska Earthquake Sensors Require More Funding to Maintain
Dec 27 2019 // A project that maintains seismic monitoring stations in Alaska needs more funding to continue fully operating, officials said. Scientists, lawmakers and federal agencies are promoting the permanent installation of the...
AssuredPartners Acquires First Service Insurance Agents & Brokers in California
Dec 23 2019 // AssuredPartners Inc. has acquired First Service Insurance Agents & Brokers Inc. of Roseville, Calif. The team of 28 First Service Insurance staff will remain under the operational leadership of Doug Lindley and Ed...
BRP Group to Acquire Lanier Upshaw of Florida
Dec 23 2019 // BRP Group, Inc., an independent insurance distribution firm based in Florida, announced that Baldwin Krystyn Sherman Partners, LLC, a subsidiary of BRP Group, has entered into an agreement to acquire substantially all...
Canada Pension Fund OMERS to Buy Stake in Fairfax Run-off Unit, RiverStone UK
Dec 20 2019 // Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees, announced they have entered into an agreement where OMERS will acquire a 40% interest in Fairfax’s UK run-off...
Munich Re Group Agrees to Buy Manhattan Skyscraper
Dec 20 2019 // Munich Re Group, advised by MEAG, has agreed to acquire the 330 Madison Avenue building in New York City. The 39 story high-rise dates from 1963 and was designed by Ely Jacques Kahn, one of the fathers of the New York City...
