Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
TigerRisk Names Frase Partner in California
Jun 17 2019 // TigerRisk Partners LLC has named Lindsey Frase a partner and member of its North American current client division. Frase will report to Wade Gulbransen, global head of reinsurance. Frase started her reinsurance industry...
Career Sense: Reverse, Prioritize, Partner, Attack
Jun 17 2019 // Gone are the days of insurers and brokers offering multiline and multi-divisional training to their new staff. People entering the workforce today will start their careers with an insurance carrier or brokerage firm within...
Arthur J. Gallagher Acquires Abram Interstate Insurance Services in California
Jun 14 2019 // Arthur J. Gallagher & Co. has acquired Rocklin, Calif.-based Abram Interstate Insurance Services Inc. Terms of the deal were not disclosed. Ron Abram and his associates will remain in their current location under the...
AssuredPartners Acquires Kansas’ Air Capital Insurance
Jun 13 2019 // AssuredPartners Inc. has acquired Air Capital Insurance LLC (ACI) of Wichita, Kansas. ACI’s team of 10 will remain under the leadership of ACI founders Glenn Tate and Greg Hiser. The group will join...
Al Specialists omni:us and FRISS Partner to Offer Claims, Fraud Detection Services
Jun 12 2019 // Two artificial intelligence providers — omni:us and FRISS — are teaming up to “supercharge” insurance claims management and fraud detection. omni:us is a provider of AI-based cognitive claims...
Hub International Acquires Canada Retirement Consulting Firm Porchlight Financial
Jun 12 2019 // Insurance broker Hub International Ltd. announced it has acquired Porchlight Financial, based in Vancouver, British Columbia. Terms of the transaction were not disclosed. Porchlight Financial is a full-service group...
UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions
Jun 12 2019 // British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals. The insurer said it would use a managed blockchain system launched by...
London Market Broker BMS Partners with BitSight to Provide Cyber Risk Analysis
Jun 11 2019 // BMS Group, the London-based independent specialist re/insurance broker, has partnered with BitSight, a cyber security ratings company, to provide cyber risk analysis services to BMS clients across all lines of...
The Hilb Group Acquires Delaware’s Pfister Insurance
Jun 7 2019 // The Hilb Group LLC (THG) has acquired Delaware-based Pfister Insurance Inc. The transaction became effective June 1, 2019. Located in Dover, Pfister is a full-service property and casualty agency primarily providing...
Canada Broker Navacord Acquires Demers’ Insurance in Alberta
Jun 7 2019 // Toronto-based broker Navacord Corp. announce it has the addition of Bonnyville, Alberta-based Demers’ Insurance Ltd., effective June 3, 2019. Financial details of the transaction were not disclosed. Serving...
Arthur J. Gallagher Acquires MDV Wealth Planning in Illinois
Jun 6 2019 // Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has acquired Fox River Grove, Ill.-based MDV Wealth Planning Inc. Terms of the transaction were not...
Brown & Brown of Massachusetts Acquires Twinbrook Insurance
Jun 6 2019 // Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Twinbrook Insurance. Founded in 1960, Twinbrook Insurance provides property and casualty insurance products and services to customers...
National General Acquires Insurtech Syndeste; Launches Private Flood Product in Florida
Jun 6 2019 // Personal lines insurer National General Holdings Corp. (NGHC) will begin offering private flood insurance in Florida later this summer after its acquisition of Syndeste LLC, an insurance technology company. National...
Hub International Buys Saskatchewan-Based Broker, Cottenie & Gardner
Jun 5 2019 // Hub International Ltd., the Chicago-based global insurance brokerage, announced that it has acquired Cottenie and Gardner Inc., a Kamsack, Saskatchewan-based independent broker. Terms of the transaction were not...
Canada’s Western Financial Acquires Ontario Brokerage EGM Insurance Group
Jun 5 2019 // Western Financial Group has furthered its strategic expansion in Ontario with the acquisition of EGM Insurance Group. Financial details of the acquisition, which is Western’s third brokerage acquisition in Ontario,...
Insurtech Avinew Acquires Betterdrive in California
Jun 4 2019 // Insurtech company Avinew has acquired Sunnyvalye, Calif.-based Betterdrive. Terms of the deal were not disclosed. Ravindhran Sankar, CEO and founder, will be named director of research and development. Avinew will...
AXA XL Partners with IPRS Health to Offer Employer’s Liability Insurance Solution in UK
Jun 4 2019 // AXA XL Insurance has partnered with IPRS Health to launch an employer’s liability insurance solution, AXA XL HealthAssist, for UK organizations. With workplace injury and new cases of work-related ill-health costing...
Millennials More Likely to Buy Flood Insurance Than Baby Boomers
Jun 4 2019 // Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new survey finds. Overall,...
CoVerica Acquires Texas’ Agape Healthcare Partners
Jun 3 2019 // Dallas-based CoVerica has expanded its presence in the medical professions arena with the acquisition of Agape Healthcare Partners L.P., an independent insurance agency headquartered in North Texas. Agape specializes in...
INSURICA Acquires First Texas Insurance Services in Arlington
Jun 3 2019 // INSURICA has acquired First Texas Insurance Services, based in Arlington, Texas. Trey Dacy and Bob Walch, principals at First Texas Insurance Services, and their team will join INSURICA. A third partner, Gary McNeil, along...
