Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Howden Buys Portfolio of Broker in Luxembourg, Acquires Belgium Broker WDR
Oct 24 2023 // Howden, the London-based global insurance group, announced it has established a retail presence in the Grand Duchy of Luxembourg with the acquisition of the portfolio of United Brokers S.A., and has strengthened its...
White Mountains to Acquire a Majority Stake in Bamboo in California
Oct 23 2023 // White Mountains Insurance Group, Ltd. entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC (“Bamboo”), an MGA focused on the California homeowners insurance market. White...
USI Insurance Services Acquires Cavanah Associates in Hawaii
Oct 23 2023 // USI Insurance Services acquired Honolulu, Hawaii-based Cavanah Associates Inc. Cavanah Associates is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of the transaction...
UK Broker Jensten Acquires London-Based Berns Brett
Oct 23 2023 // Jensten, the London-based independent insurance broking and underwriting group, has completed the acquisition of Berns Brett following regulatory approval. Financial details of the deal were not disclosed. With offices in...
New York’s Lawley Acquires Connecticut’s Shoff Darby Agency
Oct 20 2023 // Buffalo-based independent agency Lawley has acquired Connecticut-based Shoff Darby Companies, Inc., in what Lawley says is it largest acquisition to date. Lawley will add four locations and 75 employees in Connecticut, as...
Arthur J. Gallagher & Co. Acquires Michigan’s Meadowbrook
Oct 18 2023 // Arthur J. Gallagher & Co. announced it has acquired the assets of Southfield, Michigan-based Meadowbrook Insurance Agency. Terms of the transaction were not disclosed. Meadowbrook Insurance Agency is a retail insurance...
Commercial Fleet Insurtech Nirvana Secures $57M in Series B Funding
Oct 18 2023 // Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round, and additional participation from General Catalyst and Valor Equity Partners. The new...
King Insurance Partners Acquires Nashville’s Thetford Brokerage
Oct 18 2023 // King Insurance Partners, a brokerage headquartered in Gainesville, Florida, has continued its steady growth with the acquisition of Thetford Insurance Services in Tennessee and Kentucky. Thetford, a boutique firm based in...
Gallagher Acquires International Broker Clements Worldwide
Oct 18 2023 // Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Washington, D.C.-based Clements Worldwide. Clements is an international insurance broker serving expats, diplomats and military personnel...
U.S. Labor Department Finds 19 Safety Violations at GM Joint Venture Battery Plant in Ohio
Oct 17 2023 // DETROIT (AP) – The U.S. Labor Department said that investigators found 19 safety and health violations at a General Motors joint venture electric vehicle battery plant in Ohio during a two-week period this year. The...
Brown & Brown Acquires Assets of Pacific Underwriters in Washington
Oct 17 2023 // A subsidiary of Brown & Brown Inc. has acquired substantially all of the assets of Pacific Underwriters. Following the acquisition, the Pacific Underwriters team will continue doing business from their existing...
NFP Acquires UK-Based Cronin Insurance Consultancy Ltd.
Oct 17 2023 // NFP, a New York City-based property/casualty broker, announced its acquisition of The Cronin Insurance Consultancy Ltd., a commercial insurance broker based in the West Midlands, England. This latest acquisition continues...
NFP Acquires Florida Broker
Oct 17 2023 // Global insurance broker NFP announced it has acquired Benefits & Co., the Florida benefits business of Clearscope, a benefits services and software firm with offices in New York and New Jersey. Based in Sunrise,...
Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding
Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...
Integris Expands out of New England, Acquires MedMal Direct in Florida
Oct 13 2023 // Integris Group, a member-owned professional liability insurer based in Connecticut, has agreed to purchase MedMal Direct Insurance Co. and its agency, CorePRO, from Physicians Trust Inc., the firms announced this...
Inszone Acquires Missouri’s DeVoy
Oct 11 2023 // Inszone Insurance Services announced the acquisition of DeVoy Insurance Group, a well-established insurance agency deeply rooted in the community of Brookfield, Missouri. DeVoy Insurance Group is run by Blake DeVoy, whose...
Liberty Acquires Ohio’s Farley-Peeples
Oct 11 2023 // The Liberty Company Insurance Brokers (Liberty) has announced the acquisition of Farley-Peeples Insurance under the umbrella of Liberty Buren Insurance Services based in Ashland, Ohio. Farley-Peeples has been a cornerstone...
World Insurance Acquires Trucking Specialist Oakwood/Insure Big Rig of New Jersey
Oct 11 2023 // World Insurance Associates announced that it acquired the business of Oakwood Insurance Agency, LLC, also doing business as Insure Big Rig, of Califon, New Jersey on October 1, 2023. Oakwood has been providing trucking...
ALKEME Acquires Cartier Insurance Service Group in Texas
Oct 10 2023 // ALKEME acquired Cartier Insurance Group in Houston, Texas and serving Texas, California and Arizona. Cartier Insurance Company is focused on insurance for the trucking and transportation industry and has diversified its...
Arthur J. Gallagher Acquires The Coverage Pro in Arizona
Oct 10 2023 // Arthur J. Gallagher & Co. acquired Scottsdale, Arizona-based The Coverage Pro. As part of the transaction Gallagher will also acquire The Coverage Pro’s affiliated company General Southwest Insurance Agency,...
