Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Transactional Liability Insurance: Why Management Liability Isn’t Enough in Today’s M&A World
Feb 7 2022 // After a slight Covid-19 related dip in 2020, M&A activity has reached unprecedented levels with 2021 being the busiest year on record, resulting in significantly elevated demand for M&A insurance. At the same time,...
NBA Team Owner Buys National Security, Alabama-based Insurer
Feb 4 2022 // A holding company formed by the owner of the Sacramento Kings basketball team has agreed to purchase National Security Group Inc., an Alabama-based specialty underwriter of property, casualty and life insurance, for $41...
Oakbridge Acquires Another Georgia Agency
Feb 3 2022 // Oakbridge Insurance Agency, a large regional independent agency, announced its further expansion into Georgia with the acquisition of Jenkins, Skipworth & Associates in Alpharetta. JSA, an independent insurance agency...
Hilb Group Acquires New York’s Malvaso Agency
Feb 3 2022 // The Hilb Group reports it has acquired the Mark E. Malvaso Agency, building upon the company’s presence throughout New York state. The transaction became effective January 1, 2022. Based in Elbridge, New York, the...
Metromile Shareholders Approve Acquisition by Lemonade
Feb 2 2022 // Metromile said its stockholders have approved its acquisition by digital insurer Lemonade. The transaction is expected to close in the second quarter pending regulatory approval. The pay-per-mile auto insurance provider...
Hub Acquires Assets of Kornerstone in California
Feb 2 2022 // HUB International Ltd. acquired the assets of Kornerstone Inc. in Chico, California. Eric Blofsky, pesident, and the Kornerstone team will join Hub Central & Northern California. Kornerstone provides individuals and...
World Insurance Associates Buys Connecticut’s Sumner & Sumner
Feb 2 2022 // New Jersey-based broker World Insurance Associates reports it has acquired Sumner & Sumner, Inc., an Insurance agency in Willimantic, Connecticut. Terms of the transaction were not disclosed. Sumner & Sumner began...
Jencap Group Acquires Texas’ Delta General Agency
Feb 2 2022 // Jencap Group LLC has acquired the assets of Delta General Agency Corporation, a full-service specialty wholesale brokerage and managing general agency based in Houston. Delta will operate under the auspices of the Jencap...
Wallace & Turner Acquires Ohio-Based Guarantee
Feb 1 2022 // Wallace & Turner, Inc. has acquired Guarantee Insurance Agency, effective January 1, 2022. Founded in 1907, Guarantee Insurance Agency has been operated by Jim and Gaylee Ross for over 25 years, offering personal,...
Chile Insurtech Startup Betterfly Plans Overseas Expansion After $125M Funding Round
Feb 1 2022 // Chilean insurance-tech startup Betterfly plans to expand overseas after its latest funding round swelled its valuation to $1 billion. The company is preparing to begin operations in seven new markets in 2022 —...
Arthur J. Gallagher & Co. Acquires UK Broker Devitt Insurance Services Ltd.
Feb 1 2022 // Arthur J. Gallagher & Co. announced the acquisition of Romford, Essex-based Devitt Insurance Services Ltd. in the United Kingdom. Terms of the transaction were not disclosed. Founded in 1936, Devitt is a privately...
First Online M&A Insurance Marketplace Launches in Australia
Jan 31 2022 // io.insure, the world’s first online mergers and acquisitions (M&A) insurance marketplace for small and medium-sized business (SME) transactions, announced it has launched in Australia. The io.insure marketplace...
Higginbotham Acquires J.M. Insurance in Tennessee
Jan 31 2022 // Higginbotham Insurance has added J.M. Insurance Agency to its family in Tennessee. J.M. is an independent broker of commercial and personal P&C insurance, bonds and employee benefits. The broker, which has grown...
Alera Group Acquires Cate-Russell Agency in Tennessee
Jan 28 2022 // Alera Group has acquired six agencies around the country, including Cate-Russell Insurance, an independent insurance agency in Maryville. Tennessee. Cates-Russell, which offers business, personal and benefits products, is...
Alera Group Acquires Texas’ Heritage Risk Management
Jan 28 2022 // Alera Group has acquired Heritage Risk Management, a Lubbock, Texas-based network of independent risk management agencies serving clients throughout Texas, Oklahoma, Colorado and New Mexico. Heritage Risk...
Kin Insurance, Omnichannel Pull Plug on SPAC Merger
Jan 27 2022 // Digital home insurance company Kin Insurance, Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The parties cited...
Relation Acquires Former Nationwide Agency, Hodge Ethridge, in South Carolina
Jan 27 2022 // Relation Insurance Services has continued its rapid-expansion plan with the purchase of South Carolina-based Hodge Ethridge Insurance and Financial Services, the company announced. The terms of the deal were not disclosed....
First Light Dives in With Marine N-Surance Acquisition
Jan 27 2022 // Marine N-Surance Brokers, a wholesaler and managing general agency in Longwood, Florida, has been acquired by First Light Program Managers, the firms announced. Marine was founded in 2002 by Paul Greenaway and has...
Generali to Raise Stake in Indian P/C Insurance Joint Venture to 74%
Jan 27 2022 // Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the P/C business, Generali has agreed to acquire 25% of the shares of Future Generali India...
Alera Group Acquires Gales Agency in Michigan
Jan 27 2022 // Alera Group has acquired Gales Agency,Inc., an independent insurance agency providing a full line of insurance products including home, business, auto and life insurance policies to protect families. Gales Agency, Inc.,...
