2021 M&A News

American Family Insurance to Acquire Small Business Insurtech Bold Penguin

Madison, Wisconsin-based American Family Insurance is acquiring insurtech company Bold Penguin that serves small businesses. The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to match, quote and bind policies from a range of insurers. …

NFP Acquires Toronto-Based EdgeHill Insurance Brokers

NFP, a New York-based insurance broker and consultant, announced the acquisition of EdgeHill Insurance Brokers Ltd., in a transaction that closed on Dec. 16, 2020. Financial details of the acquisition were not disclosed. EdgeHill, a P/C brokerage firm based in …

Applied Systems to Acquire EZLynx, Comparative Rating, Agency Management Vendor

Insurance technology firm Applied Systems has agreed to acquire EZLynx, an agency management system vendor and pioneer in real-time comparative rating . Applied said the acquisition is complementary and will expand its portfolio of agency management and rating technologies for …

Hub International Acquires Massachusetts’ Alpha Pension Group

Hub International Limited (Hub), a full-service global insurance broker, has acquired Alpha Pension Group Inc. Terms of the transaction were not disclosed. Headquartered in Boston, Mass., Alpha Pension Group is a retirement consulting firm that provides investment analytics, fiduciary governance …

High Street Insurance Partners Acquires Maryland’s Day, Deadrick & Marshall

Lower-middle-market private equity firm Huron Capital’s full-service insurance brokerage platform, High Street Insurance Partners, has acquired Day, Deadrick & Marshall Inc (DDM). Beltsville, Md.-based DDM is a full service, independent agency with a focus on personal, business insurance and financial …

Arthur J. Gallagher & Co. to Acquire UK Broker The Bollington Wilson Group

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has signed an agreement to acquire 100% of specialist UK insurance broker The Bollington Wilson Group. The transaction will close following regulatory approval. Financial details of the …

Smith Brothers Insurance Acquires New York-Based Shank & Falvey Insurance

Smith Brothers Insurance has acquired New York-based independent insurance broker Shank & Falvey Insurance, with locations in East Greenbush and Kinderhook. The acquisition expands Smith Brothers’ footprint in upstate New York and allows Shank & Falvey to maintain local presence …

Arthur J. Gallagher & Co. Acquires Canada’s Cain Insurance Services Ltd.

Arthur J. Gallagher & Co. announced the acquisition of Cain Insurance Services Ltd., based in Fredericton, New Brunswick in Canada. Terms of the transaction were not disclosed. Founded in 1986, Cain Insurance Services is a retail property/casualty broker, offering commercial …

UK Broker Specialist Risk Group Acquires KBIS British Equestrian Insurance

Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has acquired KBIS British Equestrian Insurance, a well-established broker within the equestrian market. Financial details of the transaction were not disclosed. Purchased by Guy and Liz Prest in 1991, …

Generali to Purchase AXA’s Greek Operations for $203 Million

Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to expand in European non-life and health businesses. The Italian company will pay 165 million euros ($203 million) for AXA Greece, …