Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brown & Brown Buys Brownlee Agency in Georgia
May 10 2023 // Brown & Brown has acquired Georgia-based Brownlee Agency, one of the oldest insurance agencies on Florida’s east coast. Terms of the deal were not disclosed, the companies said in a news release. Founded in 1974...
Towers Watson Hits Bump in Road to $80M Insurance for D&O Claims Over Willis Merger
May 10 2023 // A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related to the merger between...
G&G Acquires Missouri’s Robbins Insurance Group
May 9 2023 // G&G Independent Insurance announced the acquisition of Branson, Missouri-based Robbins Insurance Group. The transaction became effective on May 1, 2023. G&G Independent Insurance has been serving the insurance...
Confie Acquires Miami-based Estrella Insurance
May 9 2023 // Confie, one of the largest personal lines insurance distribution companies in the U.S., has acquired Miami-based Estrella Insurance, a firm that has 190 offices in five states. “Estrella has built a strong...
Novidea Raises $50 Million in Series C Funding
May 8 2023 // Novidea announced it raised $50 million in Series C funding, led by Battery Ventures with participation from Cross Creek – both new investors – and the company’s existing investors, Israel Growth Partners (IGP),...
Lockton Acquires THB Brazil From Amwins
May 8 2023 // Lockton, the privately held insurance broker and consultancy, announced it has acquired THB Brazil from Amwins, the independent wholesale distributor of specialty insurance products in the U.S. Terms of the transaction...
Maury, Donnelly Acquires CANUSA Insurance in Sarasota
May 5 2023 // Maury, Donnelly & Parr, a Maryland-based broker and risk consultant that’s almost 150 years old, has acquired CANUSA Insurance Services in Sarasota, Florida. The merger marks a continued expansion by MDP, which...
Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding
May 4 2023 // Chubb CEO Evan Greenberg said society and the business community need to start asking questions regarding the purpose of third-party litigation funding, a major contributor to increases in frequency and severity within...
Arthur J. Gallagher Acquires Leavitt Insurance Services’ Los Angeles Office
May 4 2023 // Arthur J. Gallagher & Co. acquired Woodland Hills, California-based Leavitt Insurance Services of Los Angeles. Teri Frankel, Kenneth Blaich and their team will remain in their current location under the direction of...
Arthur J. Gallagher & Co. Acquires Switzerland’s AccurART
May 4 2023 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Switzerland-based AccurART. Terms of the transaction were not disclosed. AccurART is a specialist fine arts...
Specialist Risk Group (SRG) Acquires Medical Liability MGA, The MPLC
May 4 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of the managing general agent, The Medical Professional Liability Co. Ltd. (The MPLC), subject to regulatory approval. Financial...
American Financial Group to Acquire Crop Risk Services From AIG for $240M
May 3 2023 // American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under the terms of the transaction, AFG...
accūrō Solutions acquires Iowa’s Splashlight Solutions
May 2 2023 // Laccūrō Solutions, which manages medical bill review and payment processes for payers in the property and casualty industry, has acquired Splashlight Solutions, a national workers’ compensation bill review service...
Hub Acquires The Wooditch Company in California
May 2 2023 // Hub International Ltd. acquired the assets of The Wooditch Company Insurance Services Inc. in Irvine, California. The Wooditch Company team will join Hub LAOC. The Wooditch Company is a privately held commercial insurance,...
Leavitt Group Expands with Another North Carolina Agency Acquisition
May 2 2023 // Leavitt Elite Insurance Advisors, part of the multi-state Leavitt Group, has merged with another North Carolina agency. Simmons Insurance Agency, with offices in Pilot Mountain and Mount Airy, was founded in 1973 and has...
BMS Group Acquires Australian MGA GARD Insurance
May 2 2023 // BMS Group, the London-based independent specialist re/insurance broker, has acquired the Australian managing general agent GARD Insurance Pty Ltd., which includes ALE underwriting. The terms of the transaction have not...
Update: JPMorgan Buys First Republic Bank’s Assets After Government Auction
May 1 2023 // Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co. on Monday, in a deal to resolve the largest U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking...
Verisk Acquires German Motor Claims Insurtech SV Krug
Apr 27 2023 // Verisk, a leading global data analytics and technology provider, has acquired Krug Sachverständigen GmbH, a Germany-based motor claims solutions provider. The acquisition expands Verisk’s claims and casualty...
Q1 2023 M&A Transactions Lowest Since 2019
Apr 27 2023 // This year’s first-quarter insurance agency mergers and acquisitions were down to the lowest total since Q1 2019, according to a recent report from OPTIS Partners. The total number of transactions (158) showed a 17%...
Risk Strategies Enters Wisconsin With Acquisition of Johnson Insurance Services
Apr 26 2023 // Risk Strategies announced it is finalizing terms of a purchase agreement under which it will purchase the assets of Johnson Insurance Services, a subsidiary of Johnson Financial Group. Following the completion of due...
