Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Allianz Finalizes €330 Million Acquisition of Aviva Italia
Oct 1 2021 // Allianz S.p.A., the Italian holding company of the Allianz Group, announced it has finalized the acquisition of Aviva Italia S.p.A., the Italian property & casualty (P/C) insurance entity of the Aviva Group. The...
Howden Acquires CHB Insurance Brokers in Estonia
Oct 1 2021 // Howden, the international insurance broker, announced the acquisition of CHB Insurance Brokers (CHB), one of the pre-eminent property/casualty brokers in the Baltic region. Financial details of the transaction were not...
Patriot Growth Grows with Acquisition of Another Florida Agency
Sep 30 2021 // Patriot Growth Insurance Services, less than three years old, has added a Florida firm to its army of insurance agencies around the country. The company, which calls itself one of the fastest growing national insurance...
Approval of Funding Until Dec. 3 Averts Government Shutdown, Renews Flood Program
Sep 30 2021 // Congress on Thursday passed a last-minute, short-term funding measure, averting a government shutdown that would have curtailed federal operations including the National Flood Insurance Program. The Senate was the first...
Arthur J. Gallagher Acquires Arkansas’ Alpha Surety & Insurance
Sep 30 2021 // Arthur J. Gallagher& Co. has acquired Little Rock, Ark.-based Alpha Surety & Insurance Brokerage LLC. Terms of the transaction were not disclosed. Founded in 2002, Alpha Surety focuses primarily on selling direct...
Relation Acquires South Carolina-based Furman Insurance
Sep 29 2021 // Relation Insurance Services, Inc. (“Relation”) announced it acquired the assets of South Carolina-based The Furman Co. Insurance Agency (“Furman Insurance”). Terms of the transaction were not...
Cash-Strapped China Evergrande Sells Bank Stake to Repay Loan
Sep 29 2021 // Cash-strapped China Evergrande Group left its offshore bondholders guessing whether it would pay interest on a bond coupon due Wednesday, despite agreeing to settle debt with a Chinese bank in a $1.5 billion stake...
OIP Robotics and HyperScience announce partnership to bring data extraction to their automation portfolio
Sep 28 2021 // SCOTTSDALE, AZ, Sept. 28, 2021 — OIP Robotics, an Outsource Insurance Professionals entity, announced its partnership with HyperScience, bringing unmatched data extraction capabilities to their automation...
Generali Board Backs Reappointment of CEO Despite Opposition of 2 Major Shareholders
Sep 27 2021 // The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy’s top insurer, two people...
Relation Acquires South Carolina-Based Perry
Sep 23 2021 // Relation Insurance Services, Inc. has acquired the assets of South Carolina-based Perry Insurance Group, Inc. Terms of the transaction were not disclosed. Perry provides personal and commercial lines insurance throughout...
Insurance M&A Activity Slowed in P/C Sector in First Half of 2021
Sep 23 2021 // Merger and acquisition activity increased in the first half of 2021 in most insurance sectors but not in the property/casualty sector. According to Deloitte’s Midyear Insurance M&A Outlook, the number of M&A...
Russia’s Largest Online Insurer Weighs Acquisitions Ahead of Possible IPO
Sep 23 2021 // Renaissance Insurance, Russia’s largest online policy provider, is trawling the country’s traditional insurers for acquisition targets as it prepares for a possible initial public offering. RenIns — which...
The Liberty Company Acquires Cormarc in California
Sep 22 2021 // The Liberty Company Insurance Brokers has acquired with Cormarc Insurance Services in Murrieta, Calif. Terms of the deal were not disclosed. Cormarc is an independent agency that provides a variety of services, including...
Otso, Assurely, Accelerant Partner to Offer Insurance for Lease Security
Sep 22 2021 // Texas-based companies, Otso and Assurely, have partnered to create an insurance coverage option for lease security in the commercial real estate industry. The insurance coverage allows landlords to reduce the risks of...
Broker/Fintech Provider Acrisure Buys New York-Based Tempo Title
Sep 22 2021 // Acrisure, the global insurance broker and fintech services provider, announced it has entered the real estate services business through its acquisition of Tempo Title, one of the largest private title insurance and...
Swiss Re Partners with Insurtech Claim Genius for Efficient Motor Claims Using AI
Sep 22 2021 // Swiss Re is partnering with Claim Genius, an insurtech that provides artificial intelligence (AI) insurance claims solutions, to enhance motor claims efficiencies with real-time damage assessment and...
Arthur J. Gallagher Acquires Files Agribusiness in Louisiana
Sep 21 2021 // Arthur J. Gallagher & Co. acquired Bastrop, La.-based Files Agribusiness LLC, retail insurance agency specializing in federal crop insurance, agribusiness property/casualty and agricultural aviation coverages. Terms of...
Aston Lark Buys 2 Brokers: Abbey Murphy Insurance and The Health Insurance Co.
Sep 21 2021 // Aston Lark, the Goldman Sachs-based insurance broker, announced two acquisitions in one day: Deanspoint Insurance Brokers, which trades in Ireland as Abbey Murphy Insurance, and The Health Insurance Company, based in...
GI Partners Announces Recapitalization of Patriot Growth Insurance Services
Sep 21 2021 // GI Partners, a private investment firm, announced the recapitalization of Patriot Growth Insurance Services LLC, a national insurance agency. The move comes in partnership with Patriot Founder and CEO Matt Gardner. Summit...
H.W. Kaufman Group Acquires Chile-Based Prospect Brokers
Sep 21 2021 // U.S.-based specialty insurance corporation H.W. Kaufman Group announced its expansion into South America through the acquisition of Prospect Brokers Chile, based in Santiago, Chile. Financial details of the deal were not...
