Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher Acquires Cornerstone in California
Jul 2 2024 // Arthur J. Gallagher & Co. acquired Rancho Cucamonga, California-based Cornerstone Commercial & Personal Insurance Services Inc. Phil Hakopian, Allison Hakopian and their team will remain in their current location...
Relation Insurance Acquires York Insurance in Maryland
Jul 2 2024 // Insurance brokerage Relation Insurance Services reports it has acquired the assets of York Insurance Services, Inc. in Forest Hill, Maryland. The transaction went into effect on May 31, 2024. Terms of the transaction were...
Arthur J. Gallagher & Co. Acquires Texas’ Zayla Partners
Jul 1 2024 // Arthur J. Gallagher & Co. announced the acquisition of Katy, Texas-based Zayla Partners, LLC (Zayla). Terms of the transaction were not disclosed. Zayla is an executive compensation strategy firm that serves clients...
Onex Partners Completes Acquisition of R&Q’s Program Manager, Accredited
Jun 28 2024 // Accredited, the property/casualty program manager and subsidiary of R&Q Insurance Holdings Ltd., announced the completion of its acquisition by Onex Partners, the Toronto-based private equity company. The sale of the...
Gallagher’s Artex Acquires UK’s Implement Compliance Solutions & Resources Ltd.
Jun 27 2024 // Arthur J. Gallagher & Co.’s captive and alternative risk transfer solutions subsidiary, Artex, has acquired London-based Implement Compliance Solutions & Resources Ltd. (ICSR). Terms of the transaction were...
Zurich to Buy AIG’s Travel Insurance Business for $600 Million
Jun 26 2024 // Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an additional payment if...
Specialist Risk Group Buys UK Specialist Schemes Broker, Strategic Insurance Services
Jun 26 2024 // Specialist Risk Group (SRG), the London-based insurance intermediary, has agreed to acquire UK specialist schemes broker, Strategic Insurance Services Ltd. (SISL), subject to regulatory approval. Financial details of the...
PCF Insurance Acquires Multiple Agencies, Benefits Platform
Jun 25 2024 // PCF Insurance Services, a multi-state brokerage headquartered in Utah, announced it has acquired four new operations, two of them in the Southeast. The Brady Agency, offering commercial and personal lines coverage in North...
Business Moves: Broker PCF Makes 4 Acquisitions in 4 States
Jun 25 2024 // Broker PCF Insurance Services continued its recent buying spree with the purchase of four insurance businesses in North Carolina, Pennsylvania, Mississippi, and Iowa. “At PCF Insurance, we are committed to...
Smart Choice Experiences Record Expansion Driven by Acquisitions and Organic Growth
Jun 20 2024 // In the past year, over 100 million in acquisitions have been completed. GREENSBORO, NC., June 18, 2024— Smart Choice® experiences record expansion driven by acquisitions and organic growth. In the past year, over $100...
Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance
Jun 19 2024 // Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for US$670 million – marking the largest foreign investment in India’s general insurance...
Insurance M&A – a 2024 Outlook
Jun 17 2024 // Experts are calling it: 2024 looks like a good year for merger and acquisition (M&A) activity for the insurance industry. To make the most of this positive environment, buyers and sellers will be focusing on getting...
Broker Clear Group Buys UK Credit Insurance Specialist Rycroft Associates
Jun 14 2024 // The Clear Group, the London-based independent broker, announced it has acquired the book and assets of credit insurance broker Rycroft Associates LLP and its sister company and appointed representative, Inspire Credit...
Marsh McLennan Unit Mercer to Buy UK Pension Fund Manager Cardano
Jun 12 2024 // Insurance brokerage firm Marsh McLennan’s unit Mercer has agreed to buy Cardano, a London-based pension fund manager that oversees $66 billion of assets, to widen its foothold in the UK market. The deal, unveiled on...
PointeNorth Acquires McCrary-Daniels in Georgia, its Fifth Expansion This Year
Jun 12 2024 // PointeNorth Insurance Group, one of the largest independent insurance agencies in the Southeast, has acquired McCrary-Daniels Insurance, based in Douglas, Georgia. It’s the fifth acquisition this year and the second...
DOXA Acquires Illinois MGA CPH Insurance
Jun 11 2024 // DOXA Insurance announced the acquisition of CPH Insurance, a Chicago-based MGA providing professional liability products for mental health, allied health and healthcare professionals. Founded in 2000 by founder and...
ALKEME Acquires Personal and Commercial Specialist InsurePro in Utah
Jun 11 2024 // ALKEME acquired InsurePro in Draper, Utah. Ladera Ranch, California-ALKEME is an insurance agency providing businesses and individuals with commercial and personal insurance, employee and executive benefits, retirement and...
Brown & Brown Acquires Minnesota’s McNamara Company
Jun 7 2024 // Brown & Brown, Inc. announced it has acquired the assets of McNamara Company. McNamara Company is a family-owned agency that has been servicing customers in all 50 states for four generations. Established in 1970 in...
ALKEME Acquires Louisiana’s Hardwick Insurance
Jun 6 2024 // ALKEME, announced the acquisition of Hardwick Insurance, a commercial and personal specialist located in Lafayette, Louisiana. This strategic acquisition marks ALKEME’s expansion in the Southern United States and...
Hilb Group Acquires German American for $40M
Jun 5 2024 // Hilb Group announced and closed the sale of the assets of the wholly-owned subsidiary German American Insurance (GAI) to Hilb Group in an all-cash transaction of $40 million. The sale creates a significant after-tax gain,...
