Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
American Financial Group to Acquire Crop Risk Services From AIG for $240M
May 3 2023 // American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under the terms of the transaction, AFG...
accūrō Solutions acquires Iowa’s Splashlight Solutions
May 2 2023 // Laccūrō Solutions, which manages medical bill review and payment processes for payers in the property and casualty industry, has acquired Splashlight Solutions, a national workers’ compensation bill review service...
Hub Acquires The Wooditch Company in California
May 2 2023 // Hub International Ltd. acquired the assets of The Wooditch Company Insurance Services Inc. in Irvine, California. The Wooditch Company team will join Hub LAOC. The Wooditch Company is a privately held commercial insurance,...
Leavitt Group Expands with Another North Carolina Agency Acquisition
May 2 2023 // Leavitt Elite Insurance Advisors, part of the multi-state Leavitt Group, has merged with another North Carolina agency. Simmons Insurance Agency, with offices in Pilot Mountain and Mount Airy, was founded in 1973 and has...
BMS Group Acquires Australian MGA GARD Insurance
May 2 2023 // BMS Group, the London-based independent specialist re/insurance broker, has acquired the Australian managing general agent GARD Insurance Pty Ltd., which includes ALE underwriting. The terms of the transaction have not...
Update: JPMorgan Buys First Republic Bank’s Assets After Government Auction
May 1 2023 // Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co. on Monday, in a deal to resolve the largest U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking...
Verisk Acquires German Motor Claims Insurtech SV Krug
Apr 27 2023 // Verisk, a leading global data analytics and technology provider, has acquired Krug Sachverständigen GmbH, a Germany-based motor claims solutions provider. The acquisition expands Verisk’s claims and casualty...
Q1 2023 M&A Transactions Lowest Since 2019
Apr 27 2023 // This year’s first-quarter insurance agency mergers and acquisitions were down to the lowest total since Q1 2019, according to a recent report from OPTIS Partners. The total number of transactions (158) showed a 17%...
Risk Strategies Enters Wisconsin With Acquisition of Johnson Insurance Services
Apr 26 2023 // Risk Strategies announced it is finalizing terms of a purchase agreement under which it will purchase the assets of Johnson Insurance Services, a subsidiary of Johnson Financial Group. Following the completion of due...
World Acquires Kansas’ Iron Gates
Apr 26 2023 // World Insurance Associates LLC announced that it acquired the business of Iron Gates Insurance Group LLC (“Iron Gates”) of Haven, Kansas and Anthony, Kansas on March 1, 2023. Terms of the transaction were not...
Japan’s Sompo to Focus on Integration After Spree of Overseas Acquisitions
Apr 26 2023 // Sompo Holdings Inc. will place more focus on integrating domestic and overseas operations for further growth after a spell of acquisitions abroad boosted the global presence of Japan’s No. 3 non-life insurer group, a...
Insurtech Policygenius to Be Acquired by Zinnia
Apr 25 2023 // Online insurance marketplace Policygenius is being acquired by Zinnia, a life and annuity insurance technology and digital services company. Zinnia said the acquisition expands its reach into digital distribution...
Ardonagh Advisory to Buy HNW Broker Stanhope Cooper, MGA Renovation Underwriting
Apr 25 2023 // Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced, it has agreed to acquire a majority shareholding in leading High Net Worth (HNW) broker Stanhope Cooper and managing general agent Renovation...
Fairfax Financial’s Ratings Unaffected by Move to Buy Gulf Insurance Group: DBRS
Apr 24 2023 // Toronto-based Fairfax Financial Holdings Ltd.’s ratings are unaffected following last week’s announcement it has entered into a definitive agreement to acquire an additional 46.32% of Gulf Insurance Group (GIG)...
Risk Strategies Acquires JW Surety Bonds of Pennsylvania
Apr 24 2023 // National specialty insurance broker Risk Strategies announced its acquisition of JW Surety Bonds, a large volume bond producer, along with sister companies Bryant Surety Bonds, Inc. and Lance Surety Bonds Associates,...
Howden Builds War Chest for Investments of More Than £1B; Blanc Named Head of M&A
Apr 24 2023 // Howden Group Holdings announced it has successfully raised more than £875 million ($1.1 billion) across both debt and equity, with total cash and facilities available for investment in M&A, new initiatives and talent...
Paramount Directors Agree to $168 Million Settlement Over Merger
Apr 24 2023 // Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the entertainment company, according to a...
World Insurance Company Pensionmark Acquiring Xponential in California
Apr 21 2023 // Pensionmark acquired Xponential Growth Solutions in San Diego, California. Terms of the deal were not disclosed. XGS is a retirement benefits consultant. Pensionmark is a World Insurance Associates LLC company. Pensionmark...
INSHUR Acquires U.S. Transportation Agency ABI; Raises $26 Million
Apr 21 2023 // INSHUR, a global on-demand insurance provider, has acquired American Business Insurance Services in order to expand its operations across the U.S. The company also reported that it completed a capital raise of $26 million,...
Argo Group Shareholders Approve Merger With Brookfield Reinsurance
Apr 21 2023 // Argo Group International Holdings Ltd. announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. to acquire Argo in an all-cash transaction valued at approximately $1.1 billion. The...
