2021 M&A News

Relation Insurance Acquires Ginsberg Agency in New York

Relation Insurance Services, a national insurance agency based in California, has acquired the assets of New York-based Ginsberg Agency, the company announced Thursday. Terms of the deal were not disclosed. Ginsberg specializes in commercial lines, particularly the construction industry, as …

American Financial Buys Artificial Intelligence Company Verikai

American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120 million in cash at closing. California-based Verikai will continue …

Run-Off Specialist Premia Acquires Navigators Holdings (Europe) from The Hartford

Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. announced it has completed the acquisition from Hartford Financial Services of Navigators Holdings (Europe) NV and its subsidiaries, which include property/casualty insurer Assurances Continentales NV (known as ASCO), located in Belgium, and its …

Choice Financial Group Acquires New Hampshire’s Bernier Insurance Agency

Choice Financial Group announced acquired New Hampshire-based Bernier Insurance Agency, adding a presence in New England. Based in Rochester, New Hampshire, and led by President Troy Dillow, Bernier is a full-service insurance agency dedicated to offering a full suite of …

SiriusPoint Invests in Canadian Digital Life Insurer PolicyMe

SiriusPoint Ltd., the Bermuda-based global specialty insurer and reinsurer, has announced a strategic investment in PolicyMe Corp., a digital life insurance provider specializing in Canadian individual term life insurance. PolicyMe aims to modernize and improve the process of buying life …

Vienna Insurance Agrees to Share Ownership of Hungary Unit to Save Aegon Deal

Vienna Insurance Group AG agreed to share ownership of its Hungarian operations with a state investment fund after months of negotiations, in order to salvage an 830 million-euro ($941 million) deal to buy regional assets from Aegon NV. The insurer …

UK Broker Ardonagh to Acquire Portugal’s MDS Group

UK broker Ardonagh Group announced it has agreed to acquire Portuguese broker MDS Group. Headquartered in Porto, MDS has offices in Brazil, where it is the country’s largest independent broker, as well as Angola, Mozambique, Spain, and Malta. It is …

Marsh Increases Shareholding in Marsh India from 49% to 92%

Insurance broker Marsh announced that it has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%. Marsh said the enhanced investment will enable it to more effectively meet the increasingly complex needs of companies across …

Butler & Messier Insurance Acquires Two Rhode Island Agencies

Butler & Messier Insurance recently acquired two Cranston, Rhode Island, insurance agencies to add to its expanding statewide footprint. Effective October 1, 2021, Butler & Messier successfully closed on the final purchase of the Alpine Insurance Agency. Additionally, on December …

The Hilb Group Acquires Charles Newman Co., Builds on New York Presence

The Hilb Group acquired Charles Newman Co. Insurance and Employee Benefits to its portfolio, adding to The Hilb Group’s growing presence in the New York metropolitan area. The transaction became effective December 1, 2021. Based in Peekskill, New York, Charles …