Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Evertree Adds Virginia’s Prosper Insurance to Acquisitions
Nov 3 2023 // Connecticut-based independent insurance broker Evertree Insurance Services, LLC said it finalized its acquisition of Virginia Beach-based Prosper Insurance on November 1, bolstering its presence in the Mid-Atlantic...
Travelers to Buy Cyber MGU Corvus for $435 Million
Nov 3 2023 // The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence. “This...
Jensten Completes Acquisition of UK-Based One Broker Group
Nov 3 2023 // Jensten, the London-based independent insurance broking group, has now completed the acquisition of East Anglia, England-based One Broker Group, following approval from the UK regulator. Its largest acquisition to date,...
Howden Scotland Buys Commercial Insurance Broker Neilson Laurence & Neil
Nov 3 2023 // Howden Scotland, formerly known as Bruce Stevenson, announced the acquisition of Neilson Laurence & Neil, the Glasgow-based UK specialist commercial insurance broker. Financial details of the deal were not...
Hub Acquires Ohio’s Overmyer Hall Associates
Nov 2 2023 // Hub International Limited announced the acquisition of the assets of OH-INS, LLC, d/b/a Overmyer Hall Associates. Terms of the transaction were not disclosed. Headquartered in Columbus, Ohio, Overmyer Hall Associates is...
Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million
Nov 2 2023 // Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees ($487 million), including infusion of fresh capital. The Switzerland-based insurer will buy 51% stake...
Patriot Growth Acquires Ohio’s Douce James Agency
Nov 1 2023 // Patriot Growth Insurance Services, LLC (Patriot), one of the nation’s largest and fastest-growing insurance services firms, expanded its presence in Ohio and Pennsylvania with its partnership with the Douce James...
Largest Decline Ever in Agency M&A Through First Three Quarters: OPTIS
Nov 1 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions through the first three quarters of 2023 saw the largest decline ever recorded. There were 534 announced M&A deals...
UK’s Ardonagh Acquires Commercial Broker for SMEs in Switzerland
Nov 1 2023 // The Ardonagh Group, the London-based independent insurance distribution platform, has agreed to acquire ASSEPRO, the largest independent commercial broker for small and medium-sized enterprises (SMEs) in Switzerland, with...
Insurtech Layr Closes $10M Funding to Expand Reach for Brokerage Platform
Nov 1 2023 // Layr, an Atlanta-based insurtech that promises to digitize insurance brokerage operations, said it has raised $10 million to expand operations, marketing and functionality. “One of every four dollars in the GDP goes...
RenRe Completes $3.3 Billion Acquisition of Validus Re From AIG
Nov 1 2023 // RenaissanceRe Holdings Ltd. announced it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group. AIG received total consideration of $3.3 billion in cash, including a...
NFP Acquires Ireland-Based Health and Safety Consultancy, SeaChange Ltd.
Nov 1 2023 // NFP, a New York City-based property/casualty broker, announced it has acquired SeaChange Ltd., a health and safety consultancy based in Naas, County Kildare, in Ireland. This acquisition expands NFP’s European health...
Alliant Acquires Oklahoma’s 3IG & The Arrow Group
Nov 1 2023 // Alliant Insurance Services has acquired 3000 Insurance Group (3IG), a retail property and casualty (P&C) insurance and employee benefits firm based in Oklahoma City, Oklahoma. Joining the Alliant Americas division, 3IG...
Ryan Specialty Acquires Illinois MGU AccuRisk
Oct 31 2023 // Ryan Specialty announced it has signed a definitive agreement to acquire AccuRisk Holdings, LLC, a medical stop loss managing general underwriter. AccuRisk is headquartered in Chicago, Illinois and was founded in...
Progressive Groups Ask DOJ to Reverse New M&A Safe Harbor Policy
Oct 31 2023 // More than a dozen groups are pressing the U.S. Justice Department to retreat from a new policy they say gives a “free pass” to corporate wrongdoers, a sign of mounting criticism among progressives of...
Risk Strategies Acquires Philadelphia Area’s Fairmount Benefits
Oct 31 2023 // Boston-based national specialty insurance broker Risk Strategies announced it has acquired Fairmount Benefits Co., a Philadelphia-based specialty firm focused on employee benefit programs and technology for corporate...
Alera Group Acquires Michigan’s Rick Young Insurance
Oct 30 2023 // Alera Group announced the acquisition of Rick Young Insurance, an insurance agency offering employee benefits services including health insurance, life insurance, Medicare and Medicaid redetermination. Rochester Hills,...
NFP Buys UK-Based Resolute Insurance Services
Oct 27 2023 // NFP, a New York City-based property/casualty broker, announced it has acquired Resolute Insurance Services, an independent insurance broker based in the West Midlands. Financial details of the deal were not disclosed. NFP...
TWFG Acquires Jeff Kincaid Agency in North Carolina
Oct 27 2023 // TWFG Insurance, also known as The Woodlands Financial Group, has continued its growth trajectory with the acquisition of Jeff Kincaid Insurance Agency, which has five offices in North Carolina. Kincaid, a former Nationwide...
AgentSync Raises $50M in Funding to Drive Operational Efficiencies For Insurers and Distributors
Oct 26 2023 // AgentSync doubles down on building the most modern and connected producer management and compliance solutions to provide flexibility in distribution channels for carriers, agencies, and MGAs DENVER, CO, October 26, 2023...
