Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Relation Insurance Acquires Sleeper Sewell Insurance in Texas
Feb 10 2022 // Relation Insurance Services, a national insurance agency based in California, has acquired the assets of Dallas, Texas-based Sleeper Sewell Insurance, the company announced Thursday. Terms of the deal were not disclosed....
Hilb Group Acquires Pennsylvania’s Wharton Surety Consultants
Feb 10 2022 // The Hilb Group announced that it has acquired Wharton Surety Consultants, expanding its growing presence in the Philadelphia area. The transaction became effective December 31, 2021. Based in Wayne, Pennsylvania, Wharton...
Risk Strategies Buys Gehring Group in Florida
Feb 10 2022 // Risk Strategies, a national brokerage and risk management firm, announced it has acquired the Gehring Group, an employee benefits and risk consulting firm. Based in Palm Beach Gardens, Florida, Gehring provides risk...
Inszone Acquires Risco Insurance Services in California
Feb 9 2022 // Inszone Insurance Services acquired Risco Insurance Services Inc. in South Gate, California. The firms will merge and operate under the Inszone Insurance brand going forward. The Risco Insurance team will transition over...
Texan Insurance Acquires Texans Insurance & Financial Group
Feb 9 2022 // Texan Insurance acquired Texans Insurance & Financial Group, Inc. in an all-cash transaction effective Dec. 30, 2021. Founded in 1991 in Sugarland, Texas, Texans Insurance & Financial Group (TIFG) is an...
Truist Insurance to Acquire Title Insurance Agency Kensington Vanguard
Feb 9 2022 // Charlotte, North Carolina-based Insurance broker Truist Insurance Holdings, Inc. reports it has agreed to acquire the national title insurance agency Kensington Vanguard National Land Services. The transaction expands...
Alabama House Agrees to Send More Funding to Wind Mitigation Program
Feb 9 2022 // The Alabama House of Representatives has agreed to divert more funding to Strengthen Alabama Homes, a program that fortifies houses and roofs to mitigate wind damage. Rep. Chip Brown The House this week approved House Bill...
Vantage Group Raises Additional Capital, Acquires U.S. Admitted Carrier
Feb 9 2022 // Bermuda-based re/insurer Vantage Group Holdings Ltd. announced that funds managed by Carlyle and Hellman & Freidman have committed up to an additional $200 million of capital to fund the continuing growth of Vantage,...
XPT Specialty Acquires Indiana’s Insurance Brokers Incorporated
Feb 9 2022 // XPT Specialty has acquired Insurance Brokers Incorporated, headquartered in Indianapolis, Indiana, in a move that continues a series of acquisitions for the company. IBI is a wholesale insurance broker and general agency...
NFP Acquires East Coast Underwriters, Blue Ridge Captive Firm
Feb 9 2022 // NFP, a global insurance broker and consultant, has acquired East Coast Underwriters and Blue Ridge Captive Solutions, expanding NFP’s medical stop-loss and self-funded group captive lines of business, the company...
World Insurance Acquires J.K. Olivieri Agency in Massachusetts
Feb 8 2022 // Broker World Insurance Associates reports it acquired J.K. Olivieri Insurance Agency, Inc. of Middleboro, Massachusetts, on December 1, 2021. Terms of the transaction were not disclosed. J.K. Olivieri Insurance Agency was...
People Moves: Groundspeed Adds Three Executives; Alera Appoints Reyes as Associate General Counsel, M&A
Feb 8 2022 // Groundspeed Adds Three Executives Ann Arbor, Michigan-based Groundspeed, a provider of SaaS-delivered smart submission and analytics solutions to the property & casualty insurance industry, has hired three key...
Aston Lark Acquires UK Employee Benefits Specialist, Healthwise Group
Feb 8 2022 // Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced Healthwise Group Ltd. as its second healthcare acquisition of 2022. Financial details of the transaction were not...
Hub Acquires Assets of AVI Commercial Insurance in California
Feb 7 2022 // Hub International Ltd. acquired the assets of AVI Commercial Insurance Marketing Inc. in San Clemente, California. Doug Krumpols, president, and the AVI team will join Hub’s Los Angeles and Orange County...
Insurance Agency M&As Jumped 30% in 2021: OPTIS
Feb 7 2022 // There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to agency consultancy OPTIS Partners. Also, the 384 deals during the fourth quarter of 2021 marked a...
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...
