Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AM Best Upgrades Credit Ratings of The General Following Sentry Acquisition
Feb 20 2025 // AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from...
Arthur J. Gallagher Announces Acquisitions of 2 Firms in Northeast
Feb 20 2025 // Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Waltham, Massachusetts-based Agilis Partners LLC. Agilis is an investment and retirement plan consulting firm with offices in greater...
King Risk Partners Acquires Kerr Agency in Connecticut
Feb 19 2025 // Florida-based insurance broker King Risk Partners announced its acquisition of the Kerr Agency Inc., an independent insurance agency located in Simsbury, Connecticut. This strategic acquisition furthers King Risk...
Howden Acquires Forbes Insurance and Hill Aviation in UK
Feb 19 2025 // Howden, the London-based global insurance intermediary group, announced the acquisition of aviation specialists Forbes Insurance Ltd., and the acquisition of the book of business from Hill Aviation Insurance Services...
Trucordia Acquires Insurance Business of Boater’s Insurance in California
Feb 19 2025 // Trucordia acquired the insurance business of Boater’s Insurance Agency in the San Francisco Bay Area. Boater’s Insurance Agency specializes in providing insurance services within the marine industry. The firm...
Alera Group Acquires Kaplansky Insurance Agency in Massachusetts
Feb 11 2025 // Needham, Massachusetts-based Kaplansky Insurance Agency has been acquired by the national financial services firm Alera Group. This new partnership brings more than 100 agents to add to Alera Group’s...
People Moves: CoVerica Names Holland as President & CEO, Expands with BenefitHelp Acquisition
Feb 11 2025 // Mark Holland CoVerica, headquartered in Dallas, appointed Mark Holland as president and CEO. Holland has over three decades of experience in the insurance and benefits industry. He entered the industry in 1994, focusing on...
Hub Acquires Missouri’s Yavitz Insurance
Feb 10 2025 // Hub International Limited announced that it has acquired the assets of Yavitz Insurance Group. Terms of the transaction were not disclosed. Located in St. Louis, Missouri, Yavitz Insurance is a privately-owned insurance...
China Frees Possible $27 Billion From Insurers to Buy Gold
Feb 10 2025 // A pilot program in China that allows insurers to buy gold for the first time could free up billions of dollars of investment in the metal, adding further impetus to a record-setting rally. Prices hit a fresh peak. Ten...
Crest Acquires Texas’ Horizon Insurance Services
Feb 7 2025 // Crest Insurance announced the acquisition Horizon Insurance Services, a full-service insurance agency based in Houston, Texas. The move marks Crest’s 20th office nationwide and its second in the state of Texas. With...
Hub Acquires Indiana’s Mayfield
Feb 7 2025 // Hub International announced that it has acquired the assets of Mayfield Insurance, Inc. (Mayfield Insurance). Terms of the transaction were not disclosed. Based in Mooresville, Indiana, Mayfield Insurance is an independent...
Britain’s L&G Sells US Protection Unit to Japanese Insurer for $2.3 Billion
Feb 7 2025 // Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the biggest...
Hub Acquires Indiana’s The Rocchio Agency
Feb 6 2025 // Hub announced that it has acquired the assets of John L. Kiley Agency, Inc. dba DAR The Rocchio Agency (The Rocchio Agency). Terms of the transaction were not disclosed. Headquartered in Carmel, Indiana, The Rocchio Agency...
Clear Group Acquires Irish Broker Phelan Caswell Insurances
Feb 6 2025 // The Clear Group, the London-based insurance intermediary, announced the acquisition of broker Phelan Caswell Insurances, based in Dublin, Ireland. The deal also sees Clear acquire the financial planning assets of the...
Hub Acquires Missouri-Based Lindenwood Agency
Feb 5 2025 // Hub announced that it has acquired the assets of Lindenwood Agency, Inc. Terms of the transaction were not disclosed. Located in St. Charles, Missouri, Lindenwood Agency is one of the largest independent insurance agencies...
NC Governor Tests Lawmakers With Hurricane Helene Recovery Funding Request
Feb 5 2025 // RALEIGH, N.C. (AP) — North Carolina Gov. Josh Stein asked state legislators Monday to roughly double their spending so far on recovery from Hurricane Helene, warning that waiting will cause more business closings,...
DeSantis’ Budget Would Triple Funding for Wind Mitigation Grant Program
Feb 5 2025 // Florida’s 2025-2026 state budget, as proposed by Gov. Ron DeSantis, would provide some $600 million for home and condominium hardening grants – almost triple what lawmakers approved for the popular programs last...
King Risk Partners Acquires Ohio’s Barker, Beck, Collins & Kronauge Agency
Feb 4 2025 // King Risk Partners announced the acquisition of Barker, Beck, Collins & Kronauge Agency (BBC&K), an independent insurance firm in Dayton, Ohio. BBC&K was founded in founded in 1923. Over the decades, the agency...
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024
Feb 4 2025 // The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6% from 2023. Members completed 146 acquisitions during the fourth quarter 2024. This was 11% less than a year...
Gallagher Bassett Buys London-Headquartered W K Webster & Co.
Feb 3 2025 // Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd. W K Webster specializes in marine and transit claims management,...
