Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
People Moves: Davis Joins MEMIC as Senior Underwriter; Davis Joins Alliant as Senior VP; Monte Joins Alliant M&A Team
Sep 18 2024 // Scott Davis,MEMIC The MEMIC Group, based in Portland, Maine, hired Scott Davis as a senior production underwriter overseeing the Virginia and District of Columbia territory. Davis, based in Virginia, joins MEMIC with over...
PCF Acquires Insurance Business of Top Insurance Associates in Washington
Sep 17 2024 // PCF Insurance Services acquired the insurance business of Top Insurance Associates in Snohomish, Washington. The Top Insurance Associates team will join PCF Insurance’s Fortiphi Insurance. Top Insurance Associates...
Maury, Donnelly & Parr Acquires Maryland’s Campion Agency
Sep 17 2024 // Baltimore-based Maury, Donnelly & Parr, Inc. (MDP) reported its acquisition of another Maryland insurance agency, Campion Insurance in Bel Air. MDP said the merger broadens its reach and service offerings across the...
Howden Buys Foresight in Japan, Names Gallagher’s Aibe as CEO of Japan Retail Unit
Sep 17 2024 // Howden, the London-based insurance intermediary group, announced its launch into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings Co. Ltd. Also...
Duffy Agency Acquires Neighboring Cowan Agency in Massachusetts
Sep 13 2024 // Duffy Insurance Agency, based in Lynn, Massachusetts, has acquired The Cowan Insurance Agency of Haverhill, also in Essex County. The Cowan agency, founded in 1938, is a fourth generation family business now led by...
Buffett’s Insurance Leader Ajit Jain Sells Large Part of Berkshire Stake
Sep 13 2024 // Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway BRKa.N, sold more than half of his Class A shares in the conglomerate this week. According to a Wednesday night regulatory...
Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B
Sep 12 2024 // Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company’s 120-year history. Sentry will pay $1.1...
Mastercard Agrees to Buy Cyber-Defense Firm for $2.65 Billion
Sep 12 2024 // Mastercard Inc. agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card company’s massive global-payments system. The purchase from private equity firm Insight...
Westfield Bank expands agency banking team through acquisition of top producers
Sep 12 2024 // Westfield Center, Ohio – September 5, 2024 – Westfield Bank has announced the addition of three new top producers to its agency banking business vertical. The new hires include Mike Strakhov, serving in the role of...
Texas-Based Insurtech Sigo Seguros Raises $5.1M in Pre-Series A Funding
Sep 10 2024 // Sigo Seguros, a Texas-based insurtech company that focuses on providing auto insurance services for immigrant and working-class communities, announced it has raised an additional $5.1 million in its pre-Series A funding...
The Importance of Exceptional Service in New Business Acquisition and Retention
Sep 10 2024 // This post is part of a series sponsored by Selectsys. In the competitive world of insurance, exceptional service is not just a nice-to-have; it’s a necessity. From attracting new clients to retaining existing ones,...
Viewpoint: Reinsurers Reach Peak Performance as Market Stabilizes; M&A on Hold
Sep 9 2024 // The reinsurance market has reached an equilibrium, with increased capital supply from accumulated earnings meeting higher demand for reinsurance protection from cedents. As such, margins will peak in 2024, although...
Clyde & Co: First-Half Carrier M&A Activity Falls to 15-Year Low
Sep 9 2024 // The first half of 2024 set a 15-year low for first-half insurance carrier mergers and acquisitions, according to Clyde & Co’s latest Mid-Year Growth Report. The number of insurance carrier M&A transactions...
NFP Acquires Scott Litman Insurance Agency in California
Sep 6 2024 // NFP acquired Scott Litman Insurance Agency in Calabasas, California. Scott Litman, president of SLIA, will join NFP as a senior vice president and report to Ed Kurowski, managing director, West region P&C. SLIA offers...
Bishop Street Enters Commercial Lines With Acquisition of MGA Conifer
Sep 5 2024 // Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings,...
Moody’s Acquires Praedicat to Add Casualty and Liability Models
Sep 5 2024 // Moody’s Corp. today said it acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s range of market leading solutions for the insurance industry. Terms of the deal...
Relation Insurance Acquires Maryland’s Haney Company
Sep 5 2024 // Relation Insurance Services reports it has acquired the assets of The Haney Company Inc. of Silver Spring, Maryland. The transaction went into effect on May 1, 2024; terms were not disclosed. Haney offers employee...
Inszone Acquires Cascade Insurance Center in Oregon
Sep 5 2024 // Inszone Insurance Services acquired Cascade Insurance Center in the Bend, Oregon. The Cascade Insurance Center team will continue to operate out of their Bend location under the Inszone Insurance Services...
UK’s Specialist Risk Group Acquires Motor Fleet MGA Capulus
Sep 4 2024 // Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Capulus, a specialist motor fleet managing general agent (MGA). Financial details of the deal were not disclosed. Based in...
Clear Group Acquires UK MGA Accelerate Underwriting
Sep 4 2024 // The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Financial terms of the deal, which is its fourth involving an MGA, were not...
