Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Alliant Acquires Biggs Insurance Services in Washington
Sep 2 2021 // Alliant Insurance Services acquired Vancouver, Wash.-based Biggs Insurance Services. Terms of the deal weren’t disclosed. Biggs and its team of nearly 60 insurance professionals will join Alliant and will continue...
Marsh McLennan Agency Expands in Upper Midwest With Vaaler Insurance Acquisition
Sep 2 2021 // Marsh McLennan Agency (MMA), the middle market agency subsidiary of Marsh, acquired of Vaaler Insurance Inc., one of the largest independent agencies in North Dakota. Terms of the acquisition were not disclosed. Vaaler is...
Aon Acquires Remaining 51% of Aon India Insurance Brokers, Formerly Anviti
Sep 2 2021 // Global insurance broker Aon said it has increased its stake in Aon India Insurance Brokers Pvt Ltd. from 49 percent to 100 percent, acquiring the remaining share from Catamaran Ventures. Aon acquired a 49% stake from...
ReSource Pro Acquires Insurance Licensing Services of America in Texas
Sep 1 2021 // ReSource Pro has acquired Insurance Licensing Services of America (ILSA), a Groesbeck, Texas-based firm that provides regulatory and compliance services to insurance organizations and professionals. By acquiring ILSA, New...
Ardonagh Advisory Acquires UK Medical Insurance Broker, Usay Group
Sep 1 2021 // Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, announced it has acquired Usay Group Ltd., one of the largest consumer personal medical insurance and protection insurance brokers in the UK. Financial...
Arch Capital Closes Acquisition of Westpac Lenders Mortgage Insurance
Sep 1 2021 // Bermuda-based Arch Capital Group Ltd. has completed its acquisition of Australia’s Westpac Lenders Mortgage Insurance Limited (WLMI), With the transaction complete, Arch said it will combine the operations of WLMI...
Risk Strategies Acquires Georgia-based Employee Benefits Specialty Broker Benevestco
Aug 31 2021 // National specialty insurance brokerage and risk management firm Risk Strategies announced it has acquired the assets of employee benefits specialty broker Benevestco, Inc., a Resource Sevens company. Terms of the deal were...
Align Acquires Atlanta-Based Underwriting Manager NBIS
Aug 30 2021 // Align Financial Holdings, LLC (“Align”), a general agency and specialist program underwriting manager announced that it has acquired Atlanta-based NationsBuilders Insurance Services, Inc. (“NBIS”),...
Hong Kong’s OneDegree Raises $28 Million in New Round of Funding
Aug 30 2021 // OneDegree, a Hong Kong-based insurance technology company, raised $28 million in a new round of funding as the startup looks to expand in Asia. Sun Hung Kai & Co. and AEF Greater Bay Area Fund took part in the series...
Global Insurance M&A Drops 3% in 1st Half of 2021: Clyde & Co. Report
Aug 27 2021 // Mergers and acquisitions (M&A) in the global insurance industry dropped 3% in the first half of 2021 with 197 completed deals worldwide, down from 206 in the second half of 2020, according to Clyde & Co.’s...
Guidewire Acquires Property Risk Data Firm HazardHub
Aug 25 2021 // Insurance technology firm Guidewire Software said it has acquired HazardHub, an insurtech provider of property risk data to the property/casualty insurance industry for underwriting, marketing and claims. HazardHub’s...
Illinois Gives Pie Approval to Acquire Western Select
Aug 25 2021 // Pie Carrier Holdings has received regulatory approval from the Illinois Department of Insurance to acquire Western Select Insurance Co. from a subsidiary of Premia Holdings Ltd. Terms of the deal were not disclosed. The...
Brown & Brown of Massachusetts to Acquire Berkshire Insurance Group
Aug 25 2021 // Berkshire Hills Bancorp Inc. and Brown & Brown Inc. announced the execution of a definitive agreement for the sale of the assets and operations of Berkshire Insurance Group, Inc. (BIG), a subsidiary of Berkshire Hills,...
Alera Group Acquires Sage Benefit Advisors in Colorado
Aug 25 2021 // Alera Group has acquired Sage Benefit Advisors in Colorado. Terms of the deal were not disclosed. Sage is a l health insurance agency that offers health insurance consulting and enrollment support for individuals, families...
Agency Partnership News Wrap-Up: Smart Choice, United Valley Insurance Services, Valley Insurance Agency Alliance, Keystone Insurers Group
Aug 24 2021 // Smart Choice Agents Program Smart Choice Agents Program, an agency network with over 8,700 independent agents and 100 carrier partners, reported that 631 agents were selected to join the partnership network during first...
Hub International Agrees to Buy Aviva Canada Unit, National Home Warranty Group
Aug 24 2021 // Hub International Ltd., the Chicago-based insurance broker, announced that it has signed a purchase agreement to acquire the assets of National Home Warranty Group Inc., a wholly owned subsidiary of Aviva Canada Inc. Terms...
Alliant Acquires Northern California-Based ASURA Risk
Aug 23 2021 // Alliant Insurance Services has acquired Northern California-based ASURA Risk in San Ramon, Calif. Kevin Kilty, principal with ASURA Risk, along with fellow principals Greg Miller and Jon Wheeler, and the entire ASURA team,...
Applied Sets Acquisition Completion of Alaska Timber Insurance Exchange
Aug 23 2021 // Applied Underwriters anticipates completing the acquisition of Alaska Timber Insurance Exchange as soon as the fourth quarter of 2021 as ATIE concludes its conversion from a reciprocal to a stock insurance company having...
Alera Group Acquires Third-Party Administrator Related Risk
Aug 23 2021 // Alera Group, an independent, national insurance and wealth management firm, acquired Related Risk, a third-party administrator (TPA) that helps insurance companies and employers generate new premiums and profits by...
Florida-Based King Insurance Acquires Robert Blakeley
Aug 20 2021 // King Insurance, a full-service insurance brokerage firm that provides a variety of property & casualty as well as employee benefits solutions, has acquired Robert Blakeley Insurance. Robert Blakeley, based in Leesburg,...
