Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
RMS Brokerage Acquires Clancy & Clancy in New York
Oct 26 2023 // RMS Insurance Brokerage, LLC announced that it has acquired Garden City, New York-based Clancy & Clancy Brokerage LTD (C&C). An independent insurance agency founded in 1956 by the late Maureen and Cummin Clancy,...
Cybersecurity, Insurance Platform Upfort in California Raises $8M Series A Funding
Oct 26 2023 // Upfort raised $8 million in a Series A funding round led by SYN Ventures, with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round. Upfort’s goal is to simplify the way brokers...
Choice Financial Group Acquires SIA Insurance in New Jersey
Oct 26 2023 // Choice Financial Group announced it has acquired SIA Insurance in Manasquan, New Jersey. The move marks Choice’s fourth acquisition in New Jersey and adds to Choice’s growing East Coast presence from New...
Insurtech Startup QuoteWell Comes Out of Stealth With $15M in Series A Funding
Oct 25 2023 // Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents. Founded in 2021, the insurtech said it “helps agents who are often overlooked and given...
Risk Strategies Acquires North Bay Business Unit of InterWest Insurance Services
Oct 25 2023 // Risk Strategies acquired North Bay, a business unit from InterWest Insurance Services LLC, adding specialty expertise to its Wineries Practice. Along with offices in Petaluma, California and Santa Rosa, California, the...
Gallagher Acquires New York’s Rosenzweig Agency
Oct 24 2023 // Arthur J. Gallagher & Co. announced the acquisition of Mineola, New York-based Rosenzweig Insurance Agency, Inc. Rosenzweig Insurance Agency is an insurance broker with pharmacy expertise serving small and medium-sized...
Arthur J Gallagher to Acquire Cadence Insurance for $904M
Oct 24 2023 // Arthur J. Gallagher & Co. today said it has signed a definitive agreement with Cadence Bank to acquire Cadence Insurance, Inc. for $904 million cash. Baton Rouge, Louisiana-headquartered Cadence Insurance, the second...
Howden Buys Portfolio of Broker in Luxembourg, Acquires Belgium Broker WDR
Oct 24 2023 // Howden, the London-based global insurance group, announced it has established a retail presence in the Grand Duchy of Luxembourg with the acquisition of the portfolio of United Brokers S.A., and has strengthened its...
White Mountains to Acquire a Majority Stake in Bamboo in California
Oct 23 2023 // White Mountains Insurance Group, Ltd. entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC (“Bamboo”), an MGA focused on the California homeowners insurance market. White...
USI Insurance Services Acquires Cavanah Associates in Hawaii
Oct 23 2023 // USI Insurance Services acquired Honolulu, Hawaii-based Cavanah Associates Inc. Cavanah Associates is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of the transaction...
UK Broker Jensten Acquires London-Based Berns Brett
Oct 23 2023 // Jensten, the London-based independent insurance broking and underwriting group, has completed the acquisition of Berns Brett following regulatory approval. Financial details of the deal were not disclosed. With offices in...
New York’s Lawley Acquires Connecticut’s Shoff Darby Agency
Oct 20 2023 // Buffalo-based independent agency Lawley has acquired Connecticut-based Shoff Darby Companies, Inc., in what Lawley says is it largest acquisition to date. Lawley will add four locations and 75 employees in Connecticut, as...
Arthur J. Gallagher & Co. Acquires Michigan’s Meadowbrook
Oct 18 2023 // Arthur J. Gallagher & Co. announced it has acquired the assets of Southfield, Michigan-based Meadowbrook Insurance Agency. Terms of the transaction were not disclosed. Meadowbrook Insurance Agency is a retail insurance...
Commercial Fleet Insurtech Nirvana Secures $57M in Series B Funding
Oct 18 2023 // Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round, and additional participation from General Catalyst and Valor Equity Partners. The new...
King Insurance Partners Acquires Nashville’s Thetford Brokerage
Oct 18 2023 // King Insurance Partners, a brokerage headquartered in Gainesville, Florida, has continued its steady growth with the acquisition of Thetford Insurance Services in Tennessee and Kentucky. Thetford, a boutique firm based in...
Gallagher Acquires International Broker Clements Worldwide
Oct 18 2023 // Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Washington, D.C.-based Clements Worldwide. Clements is an international insurance broker serving expats, diplomats and military personnel...
U.S. Labor Department Finds 19 Safety Violations at GM Joint Venture Battery Plant in Ohio
Oct 17 2023 // DETROIT (AP) – The U.S. Labor Department said that investigators found 19 safety and health violations at a General Motors joint venture electric vehicle battery plant in Ohio during a two-week period this year. The...
Brown & Brown Acquires Assets of Pacific Underwriters in Washington
Oct 17 2023 // A subsidiary of Brown & Brown Inc. has acquired substantially all of the assets of Pacific Underwriters. Following the acquisition, the Pacific Underwriters team will continue doing business from their existing...
NFP Acquires UK-Based Cronin Insurance Consultancy Ltd.
Oct 17 2023 // NFP, a New York City-based property/casualty broker, announced its acquisition of The Cronin Insurance Consultancy Ltd., a commercial insurance broker based in the West Midlands, England. This latest acquisition continues...
NFP Acquires Florida Broker
Oct 17 2023 // Global insurance broker NFP announced it has acquired Benefits & Co., the Florida benefits business of Clearscope, a benefits services and software firm with offices in New York and New Jersey. Based in Sunrise,...
