Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
FWD to Buy Majority Stake in Malaysian Insurer Ahead of Planned IPO
Feb 20 2023 // FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has agreed to buy a majority stake in Gibraltar BSN Life Bhd., a move that allows it to tap into the Southeast Asian...
‘A Tale of Two Halves’ for Insurance Mergers, Acquisitions in 2022
Feb 20 2023 // Last year was a tale of two halves for insurance mergers and acquisitions. OPTIS Partners reports 987 agency mergers and acquisitions were announced in 2022 — down 8% from 2021. A significant rise in interest rates...
Goose Insurance Closes $4M Series A Funding Round
Feb 17 2023 // Goose Insurance Services announced that it closed a $4 million Series A funding round led by Axis Insurance Managers, with participation from Impression Ventures, Real Ventures, and Manchester Story. The Vancouver-based...
Stone Point to Acquire Stake in Truist Insurance for Nearly $2B
Feb 16 2023 // Truist today said it has agreed to sell a 20% stake its insurance brokerage business to private equity firm Stone Point Capital for $1.95 billion. Mubadala Investment Company and other co-investors are participating with...
Krause Acquires LTCI Brokerage Services in California
Feb 16 2023 // Krause Brokerage Services, LLC acquired USA-LTC in California. USA-LTC is a brokerage firm that specializes in long-term care insurance, including employer-sponsored worksite LTCI for businesses offering LTCI as a benefit...
Holman Acquires Texas’ Park Wood Managers
Feb 15 2023 // Holman, a global automotive services organization, today announced the acquisition of Plano, Texas-based Park Wood Managers, a leading underwriter and insurance provider for commercial trucking fleets. The addition of Park...
BMS Acquires Spanish Broker Viafina, a Surety Insurance Specialist
Feb 14 2023 // BMS, the London-based independent specialty re/insurance broker, announced that BMS Iberia has signed a deal to acquire Seguros Viafina (Viafina), the Spanish specialty insurance and reinsurance broker. The acquisition is...
Risk Strategies Acquires High-Net Worth Broker Bullen Group
Feb 13 2023 // National specialty insurance broker Risk Strategies reports it has acquired Bullen Insurance Group, a national specialist focused on high-net-worth families, individuals and their businesses. Bullen operates five offices...
Howden’s Aston Lark to Acquire UK Broker Allegiance Insure
Feb 13 2023 // Aston Lark, a Howden company, announced it has agreed terms to acquire the independent broker Allegiance Insure Ltd. Financial details of the deal were not disclosed. London-based Allegiance Insure was established by...
Hilb Buys Nowell in Mississippi, Alkeme Acquires PEO Exchange in Florida
Feb 10 2023 // Hilb Group Buys Nowell Agency in Mississippi The Hilb Group has expanded into Mississippi with the acquisition of The Nowell Agency, the property insurance brokerage and benefits firm announced. The Nowell Agency has...
Specialty MGA UK Acquires Commercial ForestRe Team from Globe Underwriting
Feb 9 2023 // Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has acquired the ForestRe team from Globe Underwriting, the UK-based MGA. Financial...
Granada Financial Agrees to Acquire Controlling Interest in Topa Insurance Group
Feb 9 2023 // Granada Financial Group said it has entered into a definitive agreement to acquire the controlling interest in Topa Insurance Group from long-time owner, Anderson Holdings. The transaction is subject to customary closing...
Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal
Feb 8 2023 // Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 billion. As part of the...
Louisiana Lawmakers Approve $45M in Funding to Draw Insurers to State
Feb 6 2023 // BATON ROUGE, La. (AP) – A $45 million funding bill to address soaring homeowner insurance rates in hurricane-battered Louisiana was overwhelmingly approved by Louisiana lawmakers Friday and sent to Gov. John Bel Edwards...
Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets
Feb 6 2023 // A U.S. jury on Friday found Tesla Inc. CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had “funding secured” to take the electric car company...
Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200
Feb 3 2023 // Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million. The deal was first announced in September 2022. Westfield said this...
Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners
Feb 3 2023 // Amwins Global Risks, the London-based international arm of global specialty insurance broker Amwins, announced the acquisition of Roberts Armytage & Partners (RAP), the specialist, energy and marine-focused London...
PCF Acquires Louisiana’s Oak Point Risk Advisors
Feb 2 2023 // PCF Insurance Services (PCF) has acquired Oak Point Risk Advisors, a niche risk management and insurance agency focusing on commercial insurance for the maritime, oil and gas, and construction industries. Ronny Sternfels,...
New Zealand Provides NZ$700,000 in Additional Funding for Post-Flood Rebuilding
Feb 2 2023 // New Zealand’s government on Thursday announced NZ$700,000 ($450,000) in additional funding to help rebuild flood-ravaged Auckland and other areas in the upper north island as residents of the country’s...
Davies Acquires Illinois’ MVP
Jan 31 2023 // Davies announced the acquisition of MVP Advisory Group, LLC (“MVP”), the consulting business specializing in advisory & transformation projects for the property & casualty and life & health...
