Business Moves & Mergers News

Oakbridge Insurance Agency Partners with The Greer Agency of Georgia

Oakbridge Insurance Agency LLC, an independent insurance and risk management advisor, has formed a partnership with The Greer Agency, Inc of Georgia. Oakbridge and Greer closed the transaction on May 3, 2021, and terms of the transaction were not disclosed. …

Hub International Limited Acquires Assets of Ion Insurance Corporation

Hub International Limited, a global insurance brokerage, has acquired the assets of Ion Insurance Corporation. Terms of the transaction were not disclosed. Headquartered in Cheshire, Connecticut, Ion Insurance is a full service, independent insurance agency providing personal and business insurance …

Italian SPAC Aims to Target Deals in Insurance Sector

MILAN – Two known Italian business executives said on Monday they would list a 200 million euro ($243 million) special purpose acquisition company (SPAC) in Milan by the end of May to target opportunities in the insurance sector. A SPAC …

Italy’s Generali Buys Stake in E-scooter Operator Ridemovi

MILAN – Italy’s biggest insurer Generali has bought a stake in Ridemovi, which offers bicycle and electric scooter sharing services, to help it expand in Italy, Spain and beyond. Ridemovi, which operates micro-mobility services in 17 Italian and Spanish cities, …

Broker Gallagher in Talks to Buy Aon, Willis Assets for $3 Billion

Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon Plc and Willis Towers Watson Plc for about $3 billion, according to people familiar with the matter. An agreement could be reached …

Alera Group Acquires Employee Benefits Division of Lamb Insurance Services

Alera Group, an independent, national insurance and wealth management firm, has acquired the employee benefits division of Lamb Insurance Services, an insurance broker exclusively dedicated to nonprofit and social service organizations. The acquisition is effective April 1, 2021, and the …

China Insurtech Waterdrop Raises $360M in New York IPO: Reuters

Chinese online insurance technology firm Waterdrop Inc. has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the matter. The company, which …

Arthur J. Gallagher Acquires Koff & Associates in California

Arthur J. Gallagher & Co. has acquired Berkeley, Calif.-based Kaneko & Krammer Corp. Catherine Kaneko, Georg Krammer and their team will continue to operate from their current location under the direction of Scott Hamilton, global head of Gallagher’s Human Resources …

Gallagher Bassett Services Acquires Total Safety Consulting and Its Affiliates

Arthur J. Gallagher & Co.’s risk management services subsidiary, Gallagher Bassett Services Inc. (GB), has acquired Bayonne, New Jersey-based Total Safety Consulting LLC (TSC) and its affiliates, including TSC Training Academy LLC (TSCTA). Terms of the transaction were not disclosed. …

NFP Acquires Indiana Employee Benefits Firm, First Person

Insurance broker NFP has acquired Indianapolis, Indiana-based employee benefits brokerage, First Person Inc. (First Person). First Person specializes in group benefits with additional capabilities in compensation, compliance, HR services, analytics, well-being and health strategy consulting. First Person has been closely …