Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Court Says Musk Recklessly Tweeted ‘Funding Secured’ for Taking Tesla Private
May 11 2022 // A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s...
Risk Strategies Acquires Insurance Center of Central Florida
May 11 2022 // Boston-based specialty insurance broker Risk Strategies has acquired The Insurance Center of Central Florida (ICCF), a property/casualty insurance and risk management agency based in Melbourne, Florida. Terms of the deal...
Carlyle to Acquire NSM Insurance from White Mountains in $1.78 Billion Deal
May 9 2022 // Private equity firm Carlyle Group Inc. told Reuters on Monday it has agreed to acquire U.S. specialty insurance provider NSM Insurance Group from White Mountains Insurance Group Ltd. for $1.78 billion in cash. Carlyle said...
Generali Increases Stake in Indian Non-Life Joint Venture
May 9 2022 // Italy’s top insurer Generali said on Friday it had completed the acquisition of a 25% stake in its Indian non-life insurance joint venture, increasing its holding to 74% after receiving regulatory and competition...
Hub Acquires Illinois’ Alta Actuaries And Consultants
May 6 2022 // Hub acquired the APEX Global Benefit Management system and related assets from Alta Actuaries and Consultants, LLC (Alta), which consist of cutting-edge technology and global research solutions. Terms of the transaction...
New Jersey Steers $50M Into Program to Buy Flood-Prone Properties
May 6 2022 // On a residential block in Lambertville, New Jersey where Tropical Storm Ida’s flood waters swept two houses into Swan Creek, Governor Phil Murphy announced a $50 million investment in a homeowner buyout program for...
AgentSync Launches Contracting Solution to Simplify the Carrier Contracting Experience Following the Acquisition of eContractPro
May 5 2022 // Insurance technology leader unveils the most efficient solution to streamline all carrier contracting needs, from managing carrier requirements to tracking producer status. Denver, CO, May 5, 2022 –– AgentSync, the...
First Light Acquires NTIS in Nevada
May 5 2022 // First Light Program Managers Inc. and NTIS Inc. dba NTIS Transportation Insurance Services of Las Vegas Nevada have entered into an agreement for First Light Program Managers to acquire substantially all of...
Brown & Brown Acquires Orchid, CrossCover
May 4 2022 // Brown & Brown Insurance, an insurance brokerage firm, has completed its acquisition of Orchid Underwriters Agency, based in Vero Beach, Florida, and CrossCover Insurance Services in Houston. Established in 1998, Orchid...
BXS Insurance Morphing to Cadence After Mississippi-Texas Bank Merger
May 4 2022 // The nation’s second-largest bank-owned insurance brokerage, BXS Insurance, is changing its brand name to Cadence Insurance, the company announced. The BXSI name is changing but the people are not, CEO Markham...
First Light Program Managers, Inc. Acquires NTIS, dba NTIS Transportation Insurance Services
May 4 2022 // Dania, FL., May 4, 2022 — Anthony L. Johnson, Chief Executive Officer of First Light Program Managers, Inc. and Alex Moore, President of NTIS, Inc. dba NTIS Transportation Insurance Services of Las Vegas, Nevada...
Texan Insurance Acquires Marek in Texas
May 3 2022 // Texan Insurance acquired Marek Insurance effective Jan. 31, 2022 in an all-cash transaction. Crosby, Texas-based Marek is Texan’s second agency purchase in three months and bringing its employee count to 75. The...
Hub Acquires Assets of Oregon-Based Hanson Insurance Group
May 3 2022 // Hub International Ltd. acquired the assets of BDTAB LLC and Corvallis Insurance LLC, collectively doing business as Hanson Insurance Group, in Corvallis, Oregon. Brad Hanson, CEO of Hanson Insurance Group, Trent Hanson,...
UK’s Aston Lark Purchases UKGlobal Broking Group in 50th Acquisition
May 3 2022 // Aston Lark, the London-based broker, announced UKGlobal Broking Group as its 50th acquisition since launching in 2018, less than two weeks after officially becoming part of the Howden Broking Group. Manchester,...
Brown & Brown Agrees to Acquire Dublin’s Quinlan Insurance
May 2 2022 // Brown & Brown Inc. announced it has entered an agreement to acquire the general insurance operations of Quinlan Insurance. Financial details of transaction, which is expected to close in late June 2022, were not...
Cross Insurance Acquires Humphrey, Byfield Agencies in Coastal Massachusetts
Apr 29 2022 // Cross Insurance announced the acquisition of Newburyport, Massachusetts-based Harold Humphrey Insurance Agency, Inc. and its sister agency, Byfield Insurance Agency, Inc., both offering personal and small business...
Reliance Global Acquires Illinois’ Barra & Associates
Apr 28 2022 // Reliance Global Group, Inc. acquired Schaumburg, Illinois-based Barra & Associates a provider of both personal and commercial insurance products, including property and casualty insurance, life insurance, health...
Relation Buys Rabon Agency in North Carolina
Apr 27 2022 // Relation Insurance Services has acquired North Carolina-based Rabon Insurance Agency, which was previously part of Nationwide’s exclusive distribution model. Terms of the deal were not disclosed. Rabon, headquartered...
Oswald Cos. Acquires Ohio’s Gulick Roberts
Apr 27 2022 // Oswald Companies acquired Madeira, Ohio-based Gulick Roberts Group, LLC. Financial terms of this acquisition were not disclosed. Gulick Roberts Group, was founded by insurance executive Jim Gulick in 2017, and has a staff...
Arthur J. Gallagher Acquires Ryan Insurance Strategy Consultants in Colorado
Apr 25 2022 // Arthur J. Gallagher & Co. acquired Greenwood Village, Colorado-based Ryan Insurance Strategy Consultants. John Ryan and his associates will continue operating from their current location under the direction of Kevin...
