Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Acrisure Acquires TEn, Will Go to Market as Eleven Network
Jun 9 2023 // Acrisure said it has acquired TEn Insurance Services Ltd. As part of the acquisition, TEn will go to market as Eleven Network. The deal is expected to close in the near term, pending FCA regulatory approvals. Terms were...
Hub Acquires Illinois-Based E-Insurance Services
Jun 7 2023 // Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced that it has acquired the assets of E-Insure Services, Inc. (EINSURANCE). EINSURANCE is a web-based,...
Appeals Court Won’t Revisit Towers Watson $80M D&O Denial for Willis Merger Lawsuits
Jun 7 2023 // A federal appeals court has denied insurance broker Towers Watson a rehearing of a May ruling that found it may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related to the merger...
Hub Acquires Ohio’s HORAN Associates
Jun 6 2023 // Hub International Limited announced that it has acquired the employee benefits assets of HORAN Associates, Inc. and HORAN Smart Business, LLC (collectively HORAN Health). Terms of the transaction were not disclosed. With...
Ryan Specialty Acquires Texas’ Point6
Jun 6 2023 // Ryan Specialty announced it has signed a definitive agreement to acquire certain assets of Point6 Healthcare, LLC (“Point6”), a distributor of medical stop loss insurance, pharmacy solutions, and complex claims...
Ryan Specialty to Acquire ACE Benefit Partners in Idaho
Jun 6 2023 // Ryan Specialty signed a definitive agreement to acquire certain assets of ACE Benefit Partners Inc. in Eagle, Idaho. The acquisition is expected to close in July 2023. ACE Benefit Partners is a medical stop loss general...
Insurance Broker CBIZ Buys Information Security Consultant Pivot Point
Jun 6 2023 // Cleveland-based insurance and financial advisory firm CBIZ, Inc. announced that it acquired information security consulting firm, Pivot Point Security, of Hamilton, New Jersey, effective June 1, 2023. Founded in 2001, PPS...
Gallagher Keeps Expanding with HR Firm Acquisitions
Jun 2 2023 // Arthur J. Gallagher & Co. has acquired Nashville-based Bernard Benefits, an employee benefits brokerage serving clients in Tennessee, Indiana and Texas. Bernard, which focuses on small businesses, is a subsidiary of...
World Insurance Associates Acquires Michigan’s Morris Insurance Group
Jun 1 2023 // World Insurance Associates LLC announced that it acquired the business of Morris Insurance Group, Inc. of Clinton Township and Rochester, Michigan on April 1, 2023. Terms of the transaction were not disclosed. Morris was...
New Zealand Offers to Buy Out Owners of Cyclone, Flood-Damaged Homes
Jun 1 2023 // New Zealand’s government will help to buy out the owners of cyclone and flood-damaged houses in areas deemed susceptible to severe weather events, beginning a process of managed retreat in the face of climate...
UK’s Ardonagh to Acquire Greek Reinsurance Broker SRS Group
Jun 1 2023 // The Ardonagh Group announced its expansion into Greece following its agreement to acquire a majority shareholding in SRS Group of Companies (SRS). Founded in 2019 and based in Athens, SRS’ businesses include a...
Verisk Buys London-Based Morning Data, an End-to-End-Processing Supplier
May 30 2023 // Verisk, a leading global data analytics and technology provider, has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents (MGAs) in London and across the globe. The...
Marsh McLennan’s Guy Carpenter to Buy Israeli Reinsurance Broker, Re Solutions
May 30 2023 // Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later...
Germany’s Talanx Buys Liberty Mutual’s Latin American Business for 1.38 Billion Euros
May 30 2023 // Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition...
Inszone Acquires Specialty Contractors Insurance Services California
May 26 2023 // Inszone Insurance Services acquired Specialty Contractors Insurance Services. Specialty Contractors Insurance Services has predominantly served business owners and contractors. It is headquartered in Sacramento,...
Brown & Brown Agrees to Buy UK Parent of Nexus Underwriting, Xenia Broking
May 24 2023 // Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire Kentro Capital Ltd. in the UK. The transaction is expected to close in the fourth quarter of 2023, subject...
Arthur J. Gallagher Acquires Florida’s Ken Brown Brokerage
May 24 2023 // Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, said it has acquired Florida-based Insurance by Ken Brown Inc., a retail broker specializing in coverage for construction and swimming pool...
TWIA Finalizes Funding for 2023 Storm Season
May 24 2023 // The Texas Windstorm Insurance Association Board of Directors met in Austin Tuesday to finalize financial preparations for the 2023 storm season. The Board previously established $4.5 billion as the association’s...
Ryan Specialty to Acquire Socius Insurance
May 24 2023 // Ryan Specialty said it has signed a definite agreement to buy national wholesale broker Socius Insurance Services from Abry Partners, employees, and other shareholders. Socius will become a part of RT Specialty, Ryan...
Update: Activist Investor Cevian Sells Entire Stake in UK Insurer Aviva
May 24 2023 // Activist investor Cevian Capital has sold down its entire stake in British insurer Aviva, ending its campaign to drive up investor payouts at the FSTE 100 company. Cevian said in a statement that Amanda Blanc and her...
