Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Willis Towers Watson to Acquire Israeli Broker Leaderim
Nov 17 2021 // Insurance broker Willis Towers Watson announced it has signed a definitive agreement to acquire Leaderim, an insurance broking and risk consultancy business in Israel. Financial terms of the deal were not...
Brown & Brown Acquires Another Agency in Florida
Nov 16 2021 // Brown & Brown, a national insurance brokerage firm, has acquired Heacock Insurance, a fifth-generation agency based in Central Florida. Heacock was founded in 1922 and has offices in Lakeland and Sebring. The Heacock...
SullivanCurtisMonroe Acquires Stan Burns in California
Nov 16 2021 // SullivanCurtisMonroe acquired Stan Burns Insurance Services in Long Beach, California. Terms of the deal were not disclosed. Stan Burns specializes in commercial, personal, employee benefits and life insurance. Irvine,...
USI Acquires Washington-Based Griffin MacLean
Nov 15 2021 // USI Insurance Services has acquired Bellevue, Washington-based Griffin MacLean Insurance Brokers. Founded in 1981, Griffin MacLean is an independent insurance brokerage operation serving businesses and individuals...
Alera Group Acquires California’s McSherry & Hudson Insurance Services
Nov 15 2021 // Alera Group, an independent, national insurance and wealth management firm, has acquired McSherry & Hudson Insurance Services, an independent, full-service insurance brokerage firm offering property and casualty,...
Insurtech Funding on Track for New Record After Hitting $5.3B in Q3
Nov 12 2021 // Insurtechs continue to attract significant investor cash, pulling in a near-record $5.3 billion for the 2021 third quarter, representing a total of 472 deals. U.S. companies nailed down most of the cash, according to a...
Zurich American Acquires Texas-Based Special Insurance Services
Nov 12 2021 // Zurich American Insurance Company, a provider of insurance products and services to businesses in multiple industries, has signed an agreement to acquire Special Insurance Services, Inc., a Texas-based program manager...
Aston Lark Acquires UK-Based Innovation Broking
Nov 12 2021 // Aston Lark Group, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced it has acquired Innovation Broking. Financial details of the deal were not disclosed. Established...
NFP Acquires Western Canada’s Foster Park Brokers Inc.
Nov 12 2021 // NFP, the New York City-based insurance broker and consultant, announced the acquisition of Canada’s Foster Park Brokers Inc. Details of the transaction, which closed on Nov. 1, 2021, were not disclosed. Foster Park...
Hannover Re Sells Stake in HDI Global Specialty to Position Itself as Pure Reinsurer
Nov 12 2021 // Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE, effective Dec. 31, 2021. HDI Global SE will then hold 100% of the shares. Financial details of...
Westfield Insurance to Buy Argo’s U.S. Specialty Property Renewal Rights
Nov 12 2021 // Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo’s shared and layered...
Venbrook Acquires Georgia E&S MGA
Nov 10 2021 // Venbrook Group, an independent insurance distribution and services firm, has acquired Alpharetta Underwriters, a specialty managing general agent that offers excess and surplus coverage for the construction...
Lemonade to Acquire Auto Insurer Metromile in Merger of Insurtechs
Nov 9 2021 // Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported. With the agreement, the New...
Risk Strategies Acquires Connecticut’s Pawson Insurance
Nov 9 2021 // Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired Pawson Insurance, a full-service retail insurance brokerage specializing in property/casualty and employee benefits solutions....
Xenia Acquires Financial and Specialty Business of London Broker Parker Norfolk
Nov 9 2021 // Xenia Broking Group Ltd. reports it has has acquired the trade credit and financial and specialty risk teams from specialist Lloyd’s insurance broker Parker Norfolk & Partners Ltd. The deal signals Xenia’s...
Hub Acquires Louisiana-Based Thibeaux Insurance Group
Nov 8 2021 // Hub International Limited, a global insurance brokerage and financial services firm, has acquired the assets of Thibeaux Insurance Group, LLC. Terms of the transaction were not disclosed. Located in Lafayette, Louisiana,...
Compre Completes Acquisition of SiriusPoint’s Legacy Liability Portfolio
Nov 8 2021 // Compre, the London-based specialist legacy group, announced the completion of its acquisition of a US$417 million legacy liability portfolio of SiriusPoint Ltd., having received all necessary regulatory approvals. The...
Marsh McLennan Buys Pelnik Insurance in NC
Nov 8 2021 // Marsh McLennan Agency, a subsidiary of Marsh, one of the largest insurance brokers in the world, has acquired Pelnik Insurance, a North Carolina independent agency, the company announced. Pelnik, founded in 1994, offers...
Risk Strategies Acquires South Carolina’s Hibbits Agency
Nov 5 2021 // Risk Strategies, a national specialty broker, announced it is expanding into South Carolina with the purchase of Mount Pleasant-based Hibbits Insurance agency. Hibbits, with offices around the state, will become part of...
Hub Acquires Florida’s Rider Insurance
Nov 5 2021 // Hub International, a global insurance brokerage and financial services firm, has acquired Rider Insurance Group, an agency based in Fort Myers, Florida. Rider provides personal lines and commercial insurance, including...
