Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Applied Systems Acquires Insurance AI Platform Planck
Jul 24 2024 // Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance. It...
Tropolis Acquires Three Insurance Agencies in Southeastern Michigan
Jul 23 2024 // Unity Partners, a principles-based private equity firm, and Tropolis, an Ann Arbor, Mich.-based insurance brokerage that provides property & casualty and employee benefits solutions, announced that Tropolis has...
Hub Acquires Wade Associates in North Carolina
Jul 23 2024 // Hub International Ltd., a global insurance brokerage and financial services firm, has acquired Wade Associates, an independent agency with offices in North Carolina. Wade has specialized in property/casualty insurance for...
British Insurers Propose Green Infrastructure Funding Model
Jul 23 2024 // Britain’s insurers set out plans on Monday on how to channel billions of pounds freed up from their safety buffers into infrastructure such as EV charging stations to boost growth. The new Labour government in...
OPTIS: Insurance Agency M&A Reaches 4-Year, First-Half Low
Jul 17 2024 // The total of insurance agency mergers and acquisitions during the first six months of 2024 was the lowest over the first half since 2020, according to investment banking and financial firm OPTIS Partners. OPTIS...
Massachusetts Insurance Agency Deland, Gibson Acquires Atchue Agency
Jul 17 2024 // Independent insurance agency Deland, Gibson Insurance Associates in Wellesley, Massachusetts announced it recently acquired Atchue Insurance Agency, which is located about 35 miles away in Worcester. Founded by Earl V....
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition
Jul 17 2024 // Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300 million acquisition of JRG Reinsurance Co. Once the deal agreement was signed in...
Disaster-Struck Cities Fight for Aid as FEMA Funding Runs Low
Jul 17 2024 // A once in 200-years storm dumped 11 inches of rain over four hours on the central Massachusetts town of Leominster in September, washing away culverts, creating a sinkhole that swallowed cars at a dealership and flooding...
World Insurance Acquires Rhode Island’s Affiliated Insurance Managers
Jul 16 2024 // Insurance broker World Insurance Associates announced that it recently acquired the business of Affiliated Insurance Managers (AIM) of Warwick, Rhode Island. AIM was founded in 1937. Today the agency is primarily focused...
Novatae Acquires Missouri-Based Denali Specialty Group
Jul 15 2024 // Novatae Risk Group announced that it has acquired the assets of Denali Specialty Group, LLC of St. Louis, MO on July 1, 2024. Terms of the transaction were not disclosed. Founded in 2019, Denali is a full-service insurance...
Hub Acquires Swanson Insurance Agency in Louisiana
Jul 15 2024 // Hub International Limited announced the acquisition of the assets of Swanson Insurance Agency, Inc. & Swanson & Associates, Inc. (collectively, Swanson Insurance Agency). Terms of the transaction were not...
Alphabet in Talks to Buy Wiz in $23 Billion Cyber Deal
Jul 15 2024 // Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the matter. A deal may be worth as much as $23 billion, said the person, who asked not to be identified...
The Smart Workforce Pivot: Insurance’s Backdoor to Talent Acquisition
Jul 15 2024 // The dilemma in today’s labor market is real. In 2023, the U.S. labor market had 9.5 million unfilled jobs. Yet there were just 6.5 million unemployed workers, according to the U.S. Chamber of Commerce. If every...
Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS
Jul 12 2024 // Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter...
Heffernan Acquires Costello Insurance Associates in Arizona
Jul 12 2024 // Heffernan Insurance Brokers acquired Costello Insurance Associates in Tempe, Arizona. Pat Costello and his team of five employees will continue to service their new and existing customers Costello services clients...
Aviva Completes Acquisition of Probitas, Re-entering Lloyd’s After More Than 20 Years
Jul 11 2024 // UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to the Lloyd’s market after a hiatus of more than 20 years. The deal with...
Hub International Acquires Wyatt Agency in Tennessee
Jul 10 2024 // Hub International Ltd., the global insurance brokerage and financial services firm, has expanded again with the acquisition of Wyatt Insurance Services in Tennessee. With offices in Knoxville and Clarksville, Wyatt is an...
Marsh McLennan Agency to Acquire The Horton Group
Jul 10 2024 // Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group, Inc. Terms were not disclosed. The deal is expected to close during the third quarter 2024. “We have been...
Ardonagh Advisory Acquires UK’s Rollinson Smith Insurance Brokers
Jul 8 2024 // Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers (RSIB), a UK community broker that operates in the Shropshire, Staffordshire, West Midlands and North Wales regions with significant reach in London as well...
Gallagher Buys NetClaim, a Claims Management Firm, from NAVEX
Jul 5 2024 // Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, said its claims and risk-management subsidiary, Gallagher Bassett, has acquired Georgia-based NetClaim from NAVEX. NetClaim, in Norcross,...
