Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Insurance Agency Mergers Hit Near-Record in First Half 2019
Jul 24 2019 // There were 328 announced U.S. and Canadian insurance agency mergers and acquisitions during the first half of 2019, the second-highest six-month total, trailing only the first half of 2017 when 333 transactions were...
Legacy Acquisition Firm DARAG Buys UK Insurer, The Underwriter
Jul 22 2019 // DARAG Group Ltd., a Malta-based legacy acquirer, announced the acquisition of The Underwriter Insurance Co. Ltd., a UK-based insurer in run-off. The transaction will be completed through DARAG Deutsche Versicherungs-und...
Arthur J. Gallagher Acquires DPI Benefits in Kansas
Jul 19 2019 // Arthur J. Gallagher & Co. has acquired Manhattan, Kansas-based Darrell Phillips Inc., dba DPI Benefits. Terms of the transaction were not disclosed. Operating since 2008, DPI Benefits is an independent benefits broker...
Legacy Acquirer DARAG Purchases Book of Run-Off Business from UK’s One Re
Jul 18 2019 // DARAG Group Ltd., the Malta-based legacy acquirer, announced it has entered into agreement to buy a book of run-off business from One Re Ltd., a London-based non-life reinsurance company. The transaction will be conducted...
Florida’s AssuredPartners Acquires UK-Based Hettle Andrews
Jul 18 2019 // AssuredPartners Inc. has acquired Birmingham, England-based Hettle Andrews & Associates Ltd. The transaction is subject to customary approval by the Financial Conduct Authority and the deal terms have not been...
Nebraska Department Buys Extra Gear as Defense Against Firefighter Cancer Risks
Jul 17 2019 // The Omaha (Nebraska) Fire Department is buying backup protective gear for its firefighters, giving them a second line of personal defense against cancer risks. The familiar yellow fire-retardant coats, trousers and...
DOXA Insurance Holdings Acquires Chicago’s Financial Risk Solutions
Jul 17 2019 // DOXA Insurance Holdings LLC (DOXA), a privately held holding company based in Fort Wayne, Indiana, has acquired Financial Risk Solutions Inc., the Chicago-based parent of the Chill-Pro Insurance Program. The program...
Plymouth Rock Assurance to Acquire New Jersey’s Rider Insurance Company
Jul 17 2019 // Plymouth Rock Assurance has agreed to expand its investment in the motorcycle insurance segment with the acquisition of Rider Insurance Company, subject to regulatory approvals. A New Jersey-based motorcycle insurance...
Integrated Specialty Acquires Safebuilt in California and Its Affiliates
Jul 16 2019 // Integrated Specialty Coverages has acquired Carlsbad, Calif.-based Safebuilt Insurance Services and all of its affiliates. ISC is sponsored by an investment vehicle managed by Two Sigma’s Sightway Capital. Terms of...
The Hilb Group Acquires Pennsylvania’s Greenwald Berk Agency
Jul 16 2019 // The Hilb Group LLC (THG) has acquired Pennsylvania-based Greenwald Berk Agency LLC (GBA). The transaction became effective July 1, 2019. GBA offers a full spectrum of business insurance, personal insurance and life/health...
Brown & Brown Metro Acquires Assets of New Jersey’s Innovative Risk Solutions
Jul 16 2019 // Brown & Brown Metro LLC has acquired substantially all of the assets of Innovative Risk Solutions Inc. Innovative Risk Solutions was founded in 2004 by sole shareholder Sean Gormley with the goal of providing employee...
Virtus Acquires Cobbs Allen’s Kansas City Employee Benefits Unit
Jul 15 2019 // Insurance brokerage, Virtus, has acquired Cobbs Allen’s Kansas City employee benefits practice. This acquisition supplements Virtus’ Kansas City presence and adds depth and expertise to its employee benefits...
Risk Strategies Acquires California’s Winter Group
Jul 15 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm headquartered in Boston, has acquired San Diego, California-based Winter Group Inc., a specialty insurance program manager with a...
USI Insurance Services Acquires Pennsylvania’s JRG Advisors
Jul 15 2019 // USI Insurance Services (USI) has acquired Wexford, Penn.-based employee benefits services firm, JRG Advisors LLC. The company’s existing operations will be combined with Emerson Reid, USI’s employee benefits...
Alera Group Acquires New York’s Austin & Co.
Jul 12 2019 // Alera Group, a national insurance firm, has acquired Austin & Co. Inc., effective July 1, 2019. The firm expands Alera Group’s employee benefits and property and casualty expertise. Austin & Co., located in...
New York-Based Broker NFP Buys Toronto’s McLean Hallmark Insurance Group
Jul 12 2019 // New York City-based insurance broker and consultant NFP announced it has acquired Canadian broker McLean Hallmark Insurance Group Ltd. Financial details of the transaction, which closed on July 2, were not disclosed. Based...
Arthur J. Gallagher Acquires Texas-Based BluePeak Advisors
Jul 12 2019 // Arthur J. Gallagher & Co. has acquired BluePeak Advisors LLC, headquartered in Bartonville, Texas. Terms of the transaction were not disclosed. With employees operating across the United States, BluePeak Advisors...
AssuredPartners Acquires RIS Insurance Services
Jul 12 2019 // AssuredPartners Inc. has acquired RIS Insurance Services of Anacortes, Wash. Terms of the deal were not disclosed. The team of 40 RIS Insurance Services employees will remain under the operational leadership of Jim Jermyn...
Confie Acquires Southeast Auto Insurer Southern Harvest
Jul 12 2019 // Confie, a national provider of personal and commercial lines insurance, is acquiring Southern Harvest Insurance. The move will broaden Confie’s U.S. presence to include Georgia and further develop its presence in...
Hub International Acquires Assets of Pennsylvania’s Cosaint Insurance Partners
Jul 11 2019 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Cosaint Insurance Partners LLC. Terms of the transaction were not disclosed. The principal owners of Cosaint Insurance Partners were...
