Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Japan’s Peer-to-Peer Vouch Insurtech Raises Seed Funding
Feb 5 2018 // Taiwan venture capital firm Nogle Capital Management, Singapore venture capital firm GREE Ventures and several angel investors have participated in the seed funding round of SGD$1 million for Singapore startup Vouch...
Indiana’s ONI Risk Partners Adds Loveless as Commercial Risk Adviser
Feb 5 2018 // Independent insurance broker ONI Risk Partners (ONI) has hired Mike Loveless as a commercial risk adviser in ONI’s Fort Wayne, Indiana, office. ONI is a full-service insurance agency delivering commercial, employee...
Insurance Agency M&As Soared 31% in 2017: OPTIS
Feb 5 2018 // Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals in the United States and Canada in 2017, a 31...
Still Hot… M&As to Date in 2018
Feb 5 2018 // M&A activity in the insurance industry was hot in 2017, and thus far in 2018, it shows no signs of cooling, with 30 deals announced in the month of January alone. The following are reports from the InsuranceJournal.com...
Hub International Acquires Indiana’s Susoreny & Associates
Feb 2 2018 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Susoreny & Associates Inc. Terms of the acquisition were not disclosed. Headquartered in Crown Point, Indiana, Susoreny &...
Ryan Specialty Group Completes Acquisition of New York’s Irwin Siegel Agency
Feb 2 2018 // Ryan Specialty Group LLC, a Chicago, Ill.-headquartered international specialty insurance organization, has completed its acquisition of the assets and operations of the Irwin Siegel Agency Inc. (ISA). This transaction was...
Allianz to Acquire Sri Lanka’s Janashakthi General Insurance for €85.9M
Feb 2 2018 // Allianz announced it has entered into an agreement with Janashakthi Insurance PLC (JINS) to acquire 100 of its subsidiary Janashakthi General Insurance Ltd. (JGIL) for LKR 16.4 billion (€85.9 million, or approximately...
Run-Off Specialist Armour Group Acquires Gibraltar’s Elite Insurance
Feb 2 2018 // Run-off specialist Armour Group Ltd. has led a group of investors to acquire Gibraltar-based Elite Insurance Co. Ltd. (EIC) and its affiliate Elite Business Development Ltd. (EBD). The financial details of the transaction...
XPT Group Partners with Transportation MGA W.E. Love of North Carolina
Feb 1 2018 // XPT Group has partnered with W.E. Love & Associates (WEL), a 36-year old MGA with expertise in trucking risks. Led by John H. Love and based in Burlington, N.C., WEL offers select retail agencies direct access to...
Allianz Acquires Liberty International’s U.S. Product Recall Business Renewals
Jan 31 2018 // Allianz Global Corporate & Specialty (AGCS) is acquiring the renewal portfolio of Liberty Mutual Insurance’s U.S. product recall and special contingency business. The effective date is Jan.30, 2018. The business...
Business Risk Partners Expands Into Financial Services Sector
Jan 30 2018 // Business Risk Partners (BRP) has expanded into the financial services sector with the addition of two specialty insurance coverages: miscellaneous professional liability insurance for a broad range of lenders, advisors and...
Seeman Holtz Acquires Arizona-based Xponent Employer Solutions
Jan 29 2018 // Seeman Holtz Property & Casualty Inc. has acquired Xponent Employer Solutions in Scottsdale, Ariz. Terms of the deal were not disclosed. Xponent helps clients reduce the costs associated with payroll, employee...
Eastern Insurance Acquires Massachusetts’ Southeastern Insurance Agency
Jan 29 2018 // Eastern Insurance Group LLC, a Natick, Mass.-headquartered, wholly-owned subsidiary of Eastern Bank, has acquired the assets of the Southeastern Insurance Agency Inc., a full-service insurance agency with locations in...
Arthur J. Gallagher Acquires Illinois’ Market Financial Group, Austin Consulting
Jan 29 2018 // Arthur J. Gallagher & Co. has acquired Crystal Lake, Illinois-based Market Financial Group Ltd. and its affiliate, Austin Consulting Group Inc. Terms of the transaction were not disclosed. Market Financial Group is a...
Cyber VC Firm, Advised by Ex-Intelligence Officials, Plans Europe M&As
Jan 26 2018 // A venture capital fund advised by former British and U.S. intelligence officials is planning a string of acquisitions to create a pan-European cyber security specialist. C5 Capital aims to create a regional managed...
China Weighs Merger of Banking, Insurance Regulators: Sources
Jan 26 2018 // China is considering a merger of its banking and insurance regulators, people familiar with the matter said, as it seeks to better coordinate its attempts to counter financial risks in the world’s second-largest...
James Cashion LTD, Litchfield Special Risks Partner on New CAT Division
Jan 25 2018 // Jim Cashion, owner of James Cashion LTD Co., has partnered with Litchfield Special Risks Inc. to create a new LSR-CAT division, specializing in catastrophe insurance coverage in South Central states, effective Feb. 1. With...
MGA Ascent Underwriting Acquired by Preservation Capital Partners
Jan 25 2018 // Private equity firm Preservation Capital Partners has completed its acquisition of Ascent Underwriting, the London-based cyber and specialty lines MGA, after obtaining UK regulatory approval. Ascent’s management team...
Risk Strategies Acquires Ohio’s Benefits Network Insurance Agency
Jan 24 2018 // Risk Strategies Co., a privately held national insurance brokerage and risk management firm, has acquired Benefits Network Insurance Agency (BNIA), a specialist brokerage focused on the development of employee benefits...
Ryan Specialty Group to Acquire New York’s Irwin Siegel Agency
Jan 24 2018 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency Inc. (ISA). Terms of the agreement were not disclosed. ISA is a human and social service managing...
