Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires Pennsylvania’s Allied Insurance Brokers
Sep 23 2019 // Arthur J. Gallagher & Co. has acquired Pittsburgh, Penn.-based Allied Insurance Brokers and its subsidiary, Ascinsure Specialty Risk. Terms of the transaction were not disclosed. Founded in 1982, Allied Insurance...
C3 Risk & Insurance Services Acquiring Mission West in California
Sep 23 2019 // C3 Risk & Insurance Services has acquired Mission West Insurance, an Orange County, Calif.-based insurance brokerage. Terms of the deal were not disclosed. Mission West is an independent agency offering business,...
House OKs Government Stopgap Funding That Extends Flood Insurance Until Nov. 21
Sep 22 2019 // The Democratic-controlled House of Representatives last week passed a continuing resolution to extend federal government funding through Nov. 21 and avoid a government shutdown at the end of the month. The bipartisan vote...
Hub International Acquires New York’s EPIC Retirement Services Consulting
Sep 20 2019 // Hub International Limited, a global insurance brokerage, has acquired the assets of EPIC Retirement Services Consulting LLC. Terms of the transaction were not disclosed. Located in New York, N.Y., EPIC is an independent...
AXA Liabilities Managers Buys Non-Life Legacy Portfolio of Munich Re Malaysia
Sep 20 2019 // AXA Liabilities Managers announced it has completed the acquisition of the non-life legacy portfolio of Munich Re Malaysia (a branch of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in Munich). The...
JGS Insurance Acquires Maryland’s John Manougian Insurance Agency
Sep 19 2019 // Jacobson, Goldfarb & Scott Inc. (JGS Insurance) has acquired the John Manougian Insurance Agency (JMI) located in Silver Spring, Md. Following the acquisition, JMI Founder John Manougian will remain as a consultant,...
World Insurance Associates Acquires Rhode Island’s Bucci Insurance Group
Sep 19 2019 // World Insurance Associates LLC (WIA) acquired Bucci Insurance Group of West Warwick, R.I., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1981, Bucci Insurance Group serves the New England...
Hub International Acquires Assets of New York’s StoneStreet Pearl River
Sep 18 2019 // Hub International Limited (Hub), a global employee benefit and insurance brokerage firm, has acquired the assets of StoneStreet Pearl River LLC. Terms of the transaction were not disclosed. Based in Pearl River, N.Y., and...
As Legacy Acquisitions Boom, What Will Happen to Deal Pricing?
Sep 18 2019 // Activity in the legacy insurance market has boomed. However, as capital pours in, perhaps it is best to understand how pricing will develop in the space and whether increased capital will drive price deterioration. For a...
Louisiana Farm Program Receives More Funding for Flood Recovery
Sep 17 2019 // A Louisiana program aimed at helping farmers recover from extreme flooding events in 2016 has received an additional $10 million in grant awards, the Louisiana Department of Agriculture and Forestry announced. The...
CopperPoint Acquires Alaska National Insurance Company
Sep 17 2019 // CopperPoint Insurance Cos. has agreed to acquire Alaska National Corp. and its wholly owned subsidiary Alaska National Insurance Co., an Alaska-domiciled workers’ compensation and commercial insurance carrier. The...
AssuredPartners Acquires Connecticut’s Alton E. Woodford Insurance Agency
Sep 17 2019 // AssuredPartners Inc. has acquired Alton E. Woodford Insurance Agency Inc., located in West Hartford, Conn. The team of nine will remain under the operational leadership of Tallison Noble and Nerissa Smith following the...
Hub International Limited Acquires Assets of Virginia’s Washington Financial Group
Sep 17 2019 // Hub International Limited , a global insurance brokerage and financial services firm, has acquired the assets of Wash Financial L.L.C., doing business as Washington Financial Group (WFG). Terms of the transaction were not...
XPT Group Acquires Sierra Specialty in California
Sep 16 2019 // XPT Group LLC has acquired Sierra Specialty in Clovis, Calif. The deal closed on Sept. 13. Sierra Specialty will continue to operate under its brand name. Sierra Specialty is a managing general agency and wholesale...
Alliant Insurance Services Forms Alliant Mergers & Acquisitions in New York City
Sep 16 2019 // Alliant Insurance Services has formed a new brokerage service vertical, Alliant Mergers & Acquisitions. Falling under the Alliant Specialty retail umbrella, Alliant Mergers & Acquisitions will provide expertise to...
Alera Group Acquires Makro Enterprises in Nevada
Sep 16 2019 // Alera Group has acquired Makro Enterprises in Las Vegas, Nev. Makro will join Alera Group through local firm GLB Insurance. Terms of the deal were not disclosed. Makro offers employee benefits and insurance services for...
TigerRisk Partners Appoints Gupta as Chief Operating Officer in New York
Sep 13 2019 // TigerRisk Partners LLC, a risk, capital and strategic advisor to the global insurance and reinsurance industries, has appointed Manoj Gupta as chief operating officer. Prior to joining TigerRisk, Gupta was president of...
SOBC DARAG Acquires New Mexico P&C Insurance Company
Sep 12 2019 // SOBC DARAG has acquired New Mexico P&C Insurance Co. SOBC DARAG has received approvals from New Mexico OSI and Florida OIR for the transaction. Terms of the deal weren’t disclosed. SOBC DARAG Holdings is...
AXA XL Partners with Insurtech Neptune Flood to Expand Private Flood Insurance
Sep 12 2019 // AXA XL is partnering with digital private flood insurance program manager Neptune Flood in a strategic underwriting partnership that will more than double Neptune’s capacity across the country. According to CEO Jim...
High Street Insurance Partners Acquires Michigan’s Ottawa Kent Insurance Agency
Sep 11 2019 // High Street Insurance Partners (High Street), an ExecFactor full-service insurance brokerage platform owned by private equity firm Huron Capital, has acquired Ottawa Kent Insurance Agency (Ottawa Kent), an outsourced risk...
