Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Clear Group Buys UK’s Peter Hoare & Co. (Insurance Brokers) Ltd.
Nov 14 2023 // The Clear Group, the London-based independent broker, has acquired Peter Hoare & Co. (Insurance Brokers) Ltd., based in Sheffield, England. Financial details of the transaction were not disclosed. Established in 1964,...
Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers
Nov 14 2023 // Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and...
Specialty Program Group Acquires Illinois’ Insurance Allies
Nov 13 2023 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, announced that it has acquired the assets of Insurance Allies LLC (Insurance Allies), an industry leader in the...
Risk Strategies Acquires New York’s Prince Associates
Nov 9 2023 // National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster. Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent...
Goldman Sachs Asset Management Acquires Indiana-Based MGA DOXA Insurance Holdings
Nov 8 2023 // DOXA Insurance Holdings announced it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management. The Fort Wayne, Indiana-based MGA said the investment will help fuel its ongoing acquisition...
China’s Ping An Sold Stake in Country Garden, Has No Plans to Buy the Troubled Firm
Nov 8 2023 // Ping An Insurance (Group) Co. said it doesn’t hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, refuting a report that sent the insurance giant’s stock...
Gallagher to Buy Evans Bank Insurance Operations in Western New York for $40 Million
Nov 8 2023 // Western New York’s Evans Bancorp, Inc. has agreed to sell its insurance agency operation, The Evans Agency, to global insurance broker Arthur J. Gallagher & Co. for $40 million. The net gain on sale, on an...
Liberty Brokers Acquires Massabni Insurance in Maryland
Nov 8 2023 // The Liberty Company Insurance Brokers continues its growth with the acquisition of Massabni Insurance & Financial, a veteran and family-owned agency in Hyattsville, Maryland. The deal was made in partnership with...
IMA Acquires LTC Performance Strategies in Southern California
Nov 8 2023 // LTC Performance Strategies Inc. in Southern California has been acquired by IMA Financial Group. Following the acquisition, LTC’s leadership will join IMA. LTC will become LTC, an IMA company and will maintain its...
Warner Pacific Acquires Minnesota’s BeneUSA
Nov 7 2023 // Warner Pacific announced that it has expanded into Minnesota by successfully completing its acquisition of BeneUSA LLC (“BeneUSA”), an Excelsior-based employee benefits General Agency specializing in ancillary...
Palo Alto Acquires Israeli Cyber Startup Talon in M&A Push
Nov 7 2023 // Palo Alto Networks Inc. agreed to buy Talon Cyber Security Ltd., marking the second acquisition of an Israeli peer within a week. The deal is valued at about $625 million, according to a person familiar with the plans who...
Howden Acquires Peruvian Insurance Broker Contacto
Nov 6 2023 // Howden, the London-based insurance group, announced it has acquired Contacto Corredores de Seguros S.A., a market-leading insurance broker in the Peruvian market. Financial details of the deal were not disclosed. Howden...
Arthur J. Gallagher & Co. Acquires Ireland’s Keaney Insurance Brokers
Nov 6 2023 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Dublin, Ireland-based Keaney Insurance Brokers Ltd. Terms of the transaction were not disclosed. Keaney is a commercial...
Evertree Adds Virginia’s Prosper Insurance to Acquisitions
Nov 3 2023 // Connecticut-based independent insurance broker Evertree Insurance Services, LLC said it finalized its acquisition of Virginia Beach-based Prosper Insurance on November 1, bolstering its presence in the Mid-Atlantic...
Travelers to Buy Cyber MGU Corvus for $435 Million
Nov 3 2023 // The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence. “This...
Jensten Completes Acquisition of UK-Based One Broker Group
Nov 3 2023 // Jensten, the London-based independent insurance broking group, has now completed the acquisition of East Anglia, England-based One Broker Group, following approval from the UK regulator. Its largest acquisition to date,...
Howden Scotland Buys Commercial Insurance Broker Neilson Laurence & Neil
Nov 3 2023 // Howden Scotland, formerly known as Bruce Stevenson, announced the acquisition of Neilson Laurence & Neil, the Glasgow-based UK specialist commercial insurance broker. Financial details of the deal were not...
Hub Acquires Ohio’s Overmyer Hall Associates
Nov 2 2023 // Hub International Limited announced the acquisition of the assets of OH-INS, LLC, d/b/a Overmyer Hall Associates. Terms of the transaction were not disclosed. Headquartered in Columbus, Ohio, Overmyer Hall Associates is...
Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million
Nov 2 2023 // Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees ($487 million), including infusion of fresh capital. The Switzerland-based insurer will buy 51% stake...
Patriot Growth Acquires Ohio’s Douce James Agency
Nov 1 2023 // Patriot Growth Insurance Services, LLC (Patriot), one of the nation’s largest and fastest-growing insurance services firms, expanded its presence in Ohio and Pennsylvania with its partnership with the Douce James...
