Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Lukoil Buys Into AIG’s Former Russian Subsidiary
Apr 20 2023 // Russia’s second-largest oil producer Lukoil has bought into insurance company GARDIA, a former subsidiary of AIG, one of the world’s biggest commercial insurers, GARDIA said earlier this week. (Editor’s...
BMS to Acquire Australian Broker Western United Financial Services
Apr 20 2023 // BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have...
Sedgwick Acquires Appraisal Service in Mississippi
Apr 20 2023 // Sedgwick, the global benefits, risk management and claims management firm, has acquired Appraisal Service of Mississippi Inc., an auto and property valuation firm. The move further expands Sedgwick’s presence in auto...
Hub Acquires Brady Risk Management of New York
Apr 20 2023 // Global insurance broker Hub International Limited reported that it has acquired the assets of Brady Risk Management, Inc. of Huntington, New York. Brady Risk is a risk management, risk transfer and insurance firm that...
TWIA to Maintain $4.6B Total Funding for 2023 Storm Season
Apr 19 2023 // The Texas Windstorm Insurance Association (TIWA) Board of Directors on Tuesday elected to forego additional reinsurance beyond the $2.24 billion it selected in January, bringing the insurer of last resort’s total...
Canada’s Desjardins Is Seeking Property/Casualty Insurance Acquisitions
Apr 19 2023 // Canada’s Desjardins Group is seeking acquisitions in the property and casualty (P/C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told Reuters on Tuesday. Cormier said the...
Capitola in California Secures $15.6M in Funding Round Led by Munich Re Ventures
Apr 18 2023 // Capitola in California has raised $15.6 million in its Series A funding round led by Munich Re Ventures. The firm reports this round will be used to grow Capitola’s platform with an emphasis on its market...
Inszone Acquires Houston’s Champions Insurance Group
Apr 17 2023 // Inszone Insurance Services, a national provider of benefits, personal, and commercial lines insurance, announced the acquisition of Champions Insurance Group, an agency with a decade-long track record in the Houston...
Hub Acquires Weiss-Schantz Agency in Pennsylvania
Apr 14 2023 // Global insurance broker Hub International Limited reports it has acquired the assets of Weiss-Schantz Agency in Pennsylvania. Located in Lehigh Valley and serving eastern Pennsylvania, Weiss Schantz is an independent...
UK Broker Clear Group Acquires Irish Broker MBC Insurance
Apr 13 2023 // The Clear Group, the London-based independent broker, announced the acquisition of Irish commercial broker McAuliffe Barry & Collins Ltd., which trades as MBC Insurance and Techinsure.ie. Clear has acquired 100% of MBC...
World Insurance Acquires TJ Woods Agency in Massachusetts
Apr 13 2023 // Insurance broker World Insurance Associates reports that it has acquired the business of Thomas J. Woods Insurance Agency, Inc. of Worcester, Massachusetts. TJ Woods was founded in 1949, and is a property/casualty agency,...
NFP Acquires UK Broker Gravity Risk Services
Apr 12 2023 // NFP, a New York City-based property/casualty broker, announced it has acquired Gravity Risk Services Ltd., an insurance broker based in the West Midlands, England. Financial terms of the deal were not disclosed. NFP will...
Alera Group Acquires Miami’s Wilson Washburn & Forster
Apr 12 2023 // Alera Group, a nationwide wealth services and insurance firm, has acquired Wilson, Washburn & Forster, 62-year-old insurance agency in Miami. Wilson Washburn, founded in 1961, offers commercial and personal lines...
Business Moves: Arch Insurance Acquires Insurtech Thimble
Apr 11 2023 // Arch Insurance today said it has acquired Thimble, an insurtech platform that enables small businesses to get insurance coverage by the job, month or year using app, website, or over the phone. Terms were not disclosed....
Ardonagh Acquires Dutch Insurance Broker Klap from Nedvest
Apr 11 2023 // The Ardonagh Group announced it has agreed to acquire Klap Verzekeringsmakelaar, a specialist commercial lines insurance broker based in The Netherlands, from family office, Nedvest. Financial details of the deal were not...
Nexus Acquires Majority Stake in Dubai-Based MGA, Spectrum Risk Management
Apr 10 2023 // Nexus Underwriting announced that it has completed the acquisition of a majority stake in Spectrum Risk Management, a specialist MGA headquartered in Dubai that focuses on marine and property insurance and...
Arthur J. Gallagher & Co. Acquires Texas’ Boley-Featherston
Apr 10 2023 // Arthur J. Gallagher & Co. announced the acquisition of Wichita Falls, Texas-based Boley-Featherston Insurance. Terms of the transaction were not disclosed. Boley-Featherston is a retail insurance agency with expertise...
Hub Acquires Assets of Defranco Insurance in Washington
Apr 10 2023 // Hub International Ltd. acquired the assets of DeFranco Insurance, Inc. in Seattle, Washington. John DeFranco, President, and the DeFranco Insurance team will join Hub Northwest. DeFranco Insurance is an independently owned...
Patriot Growth Acquires Petschauer Insurance of New York
Apr 6 2023 // National insurance network Patriot Growth Insurance Services has added Petschauer Insurance to its organization. Based in Garden City, New York, Petschauer offers property/casualty, employee benefits, life and disability...
Hub Acquires Minnesota’s Horizon Agency
Apr 6 2023 // Hub International announced that it has acquired the assets of Horizon Agency, Inc. (Horizon Agency). Terms of the transaction were not disclosed. Located in Eden Prairie, Minnesota, Horizon Agency is an independently...
