2018 mergers & acquisitions News

EPIC Insurance Brokers and Consultants Acquires New York’s Vanbridge

EPIC Insurance Brokers and Consultants, a national retail insurance brokerage and employee benefits consulting firm, has acquired the assets, employees and operations of Vanbridge LLC, a specialty insurance intermediary, program management and risk advisory services business. Headquartered in New York, …

Alera Group Acquires Burnham Benefit Advisors, VantagePoint Benefit Strategies

Alera Group, a Deerfield, Ill.-based employee benefits, property and casualty, risk management and wealth management firm, has acquired Burnham Benefit Advisors and VantagePoint Benefit Strategies. Burnham Benefit Advisors, located in Lake Placid, N.Y., is an employee benefits firm offering compliance …

USI Insurance Services Acquires Massachusetts’ The Gaudreau Group

USI Insurance Services (USI), an insurance brokerage and risk management company, has acquired Wilbraham, Mass.-based The Gaudreau Group. Terms of the transaction were not disclosed. Founded in 1921, The Gaudreau Group is a commercial insurance, employee benefits, personal risk and …

Arthur J. Gallagher & Co. Acquires New York’s United Dealer Services

Arthur J. Gallagher & Co. has acquired United Dealer Services LLC. Terms of the transaction were not disclosed. Based in Highland Mills, N.Y., United Dealer Services LLC is a retail insurance broker and program administrator. It provides a range of …

Tokio Marine Buys Minority Stake in S. Africa Insurer Hollard for African Foothold

Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co. Ltd. to help both companies expand through Africa. Tokio Marine will pay 5 billion rand ($327 million) for a 22.5 percent shareholding …

FBinsure Acquires Massachusetts’ Jose S. Castelo Insurance Agency

FBinsure has acquired the Jose S. Castelo Insurance Agency, an independent agency located in New Bedford, Dartmouth, and Fall River, Mass. Established in 1981 by current President Jose S. Castelo, the agency provides personal and business insurance to nearly 5,000 …

Brown & Brown of Kentucky Acquires Massachusetts’ F&I Resources

Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of F&I Resources, a Westborough, Mass.-based company specializing in helping automotive dealers form and manage reinsurance companies and drive performance …

French Broker Verlingue Triples Its Size in UK Market with Acquisition of ICB Group

Specialist corporate insurance broker Verlingue announced it has acquired independent UK broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ICB, Verlingue triples its size in the UK market. It helps to …

Munich Re Acquires Tech Firm Relayr, an Industrial Internet of Things Specialist

Munich Re announced it is taking a further key step to create new business models in industrial Internet of Things (IoT) through the acquisition of the software company “relayr” via Munich Re’s subsidiary, Hartford Steam Boiler (HSB). Valued at US$300 …

Google Partners with Indian Banks to Attract Users to Its Digital Payments Services

Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital …