Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Largest Decline Ever in Agency M&A Through First Three Quarters: OPTIS
Nov 1 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions through the first three quarters of 2023 saw the largest decline ever recorded. There were 534 announced M&A deals...
UK’s Ardonagh Acquires Commercial Broker for SMEs in Switzerland
Nov 1 2023 // The Ardonagh Group, the London-based independent insurance distribution platform, has agreed to acquire ASSEPRO, the largest independent commercial broker for small and medium-sized enterprises (SMEs) in Switzerland, with...
Insurtech Layr Closes $10M Funding to Expand Reach for Brokerage Platform
Nov 1 2023 // Layr, an Atlanta-based insurtech that promises to digitize insurance brokerage operations, said it has raised $10 million to expand operations, marketing and functionality. “One of every four dollars in the GDP goes...
RenRe Completes $3.3 Billion Acquisition of Validus Re From AIG
Nov 1 2023 // RenaissanceRe Holdings Ltd. announced it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group. AIG received total consideration of $3.3 billion in cash, including a...
NFP Acquires Ireland-Based Health and Safety Consultancy, SeaChange Ltd.
Nov 1 2023 // NFP, a New York City-based property/casualty broker, announced it has acquired SeaChange Ltd., a health and safety consultancy based in Naas, County Kildare, in Ireland. This acquisition expands NFP’s European health...
Alliant Acquires Oklahoma’s 3IG & The Arrow Group
Nov 1 2023 // Alliant Insurance Services has acquired 3000 Insurance Group (3IG), a retail property and casualty (P&C) insurance and employee benefits firm based in Oklahoma City, Oklahoma. Joining the Alliant Americas division, 3IG...
Ryan Specialty Acquires Illinois MGU AccuRisk
Oct 31 2023 // Ryan Specialty announced it has signed a definitive agreement to acquire AccuRisk Holdings, LLC, a medical stop loss managing general underwriter. AccuRisk is headquartered in Chicago, Illinois and was founded in...
Progressive Groups Ask DOJ to Reverse New M&A Safe Harbor Policy
Oct 31 2023 // More than a dozen groups are pressing the U.S. Justice Department to retreat from a new policy they say gives a “free pass” to corporate wrongdoers, a sign of mounting criticism among progressives of...
Risk Strategies Acquires Philadelphia Area’s Fairmount Benefits
Oct 31 2023 // Boston-based national specialty insurance broker Risk Strategies announced it has acquired Fairmount Benefits Co., a Philadelphia-based specialty firm focused on employee benefit programs and technology for corporate...
Alera Group Acquires Michigan’s Rick Young Insurance
Oct 30 2023 // Alera Group announced the acquisition of Rick Young Insurance, an insurance agency offering employee benefits services including health insurance, life insurance, Medicare and Medicaid redetermination. Rochester Hills,...
NFP Buys UK-Based Resolute Insurance Services
Oct 27 2023 // NFP, a New York City-based property/casualty broker, announced it has acquired Resolute Insurance Services, an independent insurance broker based in the West Midlands. Financial details of the deal were not disclosed. NFP...
TWFG Acquires Jeff Kincaid Agency in North Carolina
Oct 27 2023 // TWFG Insurance, also known as The Woodlands Financial Group, has continued its growth trajectory with the acquisition of Jeff Kincaid Insurance Agency, which has five offices in North Carolina. Kincaid, a former Nationwide...
AgentSync Raises $50M in Funding to Drive Operational Efficiencies For Insurers and Distributors
Oct 26 2023 // AgentSync doubles down on building the most modern and connected producer management and compliance solutions to provide flexibility in distribution channels for carriers, agencies, and MGAs DENVER, CO, October 26, 2023...
RMS Brokerage Acquires Clancy & Clancy in New York
Oct 26 2023 // RMS Insurance Brokerage, LLC announced that it has acquired Garden City, New York-based Clancy & Clancy Brokerage LTD (C&C). An independent insurance agency founded in 1956 by the late Maureen and Cummin Clancy,...
Cybersecurity, Insurance Platform Upfort in California Raises $8M Series A Funding
Oct 26 2023 // Upfort raised $8 million in a Series A funding round led by SYN Ventures, with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round. Upfort’s goal is to simplify the way brokers...
Choice Financial Group Acquires SIA Insurance in New Jersey
Oct 26 2023 // Choice Financial Group announced it has acquired SIA Insurance in Manasquan, New Jersey. The move marks Choice’s fourth acquisition in New Jersey and adds to Choice’s growing East Coast presence from New...
Insurtech Startup QuoteWell Comes Out of Stealth With $15M in Series A Funding
Oct 25 2023 // Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents. Founded in 2021, the insurtech said it “helps agents who are often overlooked and given...
Risk Strategies Acquires North Bay Business Unit of InterWest Insurance Services
Oct 25 2023 // Risk Strategies acquired North Bay, a business unit from InterWest Insurance Services LLC, adding specialty expertise to its Wineries Practice. Along with offices in Petaluma, California and Santa Rosa, California, the...
Gallagher Acquires New York’s Rosenzweig Agency
Oct 24 2023 // Arthur J. Gallagher & Co. announced the acquisition of Mineola, New York-based Rosenzweig Insurance Agency, Inc. Rosenzweig Insurance Agency is an insurance broker with pharmacy expertise serving small and medium-sized...
Arthur J Gallagher to Acquire Cadence Insurance for $904M
Oct 24 2023 // Arthur J. Gallagher & Co. today said it has signed a definitive agreement with Cadence Bank to acquire Cadence Insurance, Inc. for $904 million cash. Baton Rouge, Louisiana-headquartered Cadence Insurance, the second...
