Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Chubb Agrees to Defend Basketball Hall of Fame Against Unlawful Funding Claims
Nov 10 2022 // The Basketball Hall of Fame has succeeded in getting Chubb subsidiary Federal Insurance Co. to defend it in a case accusing the museum of unlawfully securing funds for renovations to its facility. Documents filed in the...
Ambac Acquires New Jersey Commercial Auto MGU and Marine Broker
Nov 9 2022 // Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corp, both of Mahwah, New Jersey. All Trans is a...
Brown & Brown Dealer Services Buys Connecticut Auto Dealer F&I Firm
Nov 8 2022 // Brown & Brown Dealer Services has acquired Finance Builders, a Canton, Connecticut firm providing finance and insurance (F&I) products and sales support to auto dealers in Connecticut and Massachusetts. The Finance...
World Insurance Acquires CDR Group in Connecticut
Nov 8 2022 // National insurance broker World Insurance Associates reports that it acquired CDR Insurance Group, Inc. of Waterbury, Connecticut on October 1, 2022. CDR was founded in 1992 by Rick Rice. The agency provides commercial and...
Lloyd’s Broker Servca Acquires MedMal Specialist Medicas
Nov 8 2022 // Independent Lloyd’s retail broker Servca Group announced the acquisition of Medicas, an independent insurance specialist that offers a wide range of medical indemnity, medical malpractice and healthcare liability...
Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech
Nov 7 2022 // Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market. The Karachi-based company took...
M&A Deals Makers & Deal Breakers
Nov 7 2022 // Why are some transactions or “deals” most likely to happen or not happen? There are a number of factors that come into play and those of us in the industry call them deal makers and deal breakers. Every deal...
9 Talent Acquisition Goals for Insurance Organizations in 2023
Nov 7 2022 // Sourcing is the number one problem most insurance organizations tell me they have with recruiting. While finding candidates is important, that’s like saying your company’s revenue will grow if you get more...
AmTrust Acquires Surety MGA CMGIA in California
Nov 4 2022 // AmTrust Financial Services Inc. acquired Contractor Managing General Insurance Agency Inc. in California. CMGIA will offer surety bonds to small to mid-size contractors across 50 states. The company is led by Stephanie...
Gallagher Buys Irish Broker Doyle Mahon, Rebrands Innovu After Recent Acquisition
Nov 4 2022 // Gallagher announced it has acquired Doyle Mahon Insurances, bolstering its presence in Ireland and demonstrating its commitment to expand its customer and employee base in the country. This follows Gallagher’s...
Alera Group Acquires Benson Blackburn for Affluent Clients
Nov 4 2022 // Alera Group Wealth Services, a division of Alera Group, an insurance and wealth management firm, today announced the acquisition of Benson Blackburn. Based in Naples, Florida, BB is a specialized insurance consultancy with...
Specialty Program Group Acquires Texas’ Catapult
Nov 3 2022 // Specialty Program Group, an operator of specialty insurance brokerages and underwriting facilities, announced the acquisition of the assets of Catapult Insurance Solutions. Based in Carrollton, Texas, Catapult is a...
NFP’s Alerity Acquires CIC Group in Buffalo
Nov 3 2022 // Alterity Group, a subsidiary of insurance brokerage NFP, reports it has acquired CIC Group, a Buffalo, New York-based commercial insurance agency. CIC Group principals Timothy McMullen, Gina Teresi and Chris...
Hub Acquires Assets of Priority Insurance Associates In Arizona
Nov 3 2022 // Hub International Limited acquired the assets of Priority Insurance Associates LLC in Scottsdale, Arizona. Priority co-owners Victoria Turns and Nancy Vukelich, and the Priority Insurance Associates team will join Hub...
Alliant Acquires New Jersey’s Trivedi Capacity Associates and Risk Purchasing Group
Nov 2 2022 // Alliant Insurance Services has acquired New Jersey-based Trivedi Capacity Associates, further expanding its reach in the community association and condominium association underwriting space. Central to the acquisition is...
Arthur J. Gallagher & Co. Acquires Texas’ Tejas American General Agency
Nov 2 2022 // Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Cedar Park, Texas-based Tejas American General Agency,...
Marsh McLennan Acquires Texas-Based Focus
Nov 2 2022 // Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced the acquisition of Focus Insurance, a leading personal insurance brokerage firm based in Houston, Texas. Terms of the acquisition were not disclosed. Founded in...
Marsh Acquires Bradley Agency in Tennessee; Wright Flood Adds IAT Book of Business
Nov 2 2022 // Marsh McLennan Agency, a subsidiary of the global insurance broker Marsh, has acquired Bradley Insurance Agency, a commercial brokerage in Knoxville, Tennessee. The Bradley agency was founded in 1972 by Steve Bradley and...
Ardonagh Advisory Acquires UK Consultant, Stallard Kane Group
Nov 2 2022 // Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced it has acquired Stallard Kane Group Ltd. (SKG), a leading provider of health and safety, HR, training, and employment law compliance...
Ryan Specialty Acquires Centurion in California
Nov 1 2022 // Ryan Specialty acquired certain assets of Centurion Liability Insurance Services LLC in Tustin, California. Centurion is a professional lines wholesale insurance broker and has employees based in Florida and California....
