Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Axis Insurance acquires Magnes Group, expanding its Canadian presence.
May 22 2024 // May 22, 2024 — Axis Insurance Managers Inc. (“Axis Insurance”) announced today that it has acquired The Magnes Group Inc. (“Magnes”). Axis Insurance made its initial investment in Magnes in...
Risk Strategies Acquires Indiana’s Silveus
May 21 2024 // Risk Strategies announced that it has acquired Silveus Insurance Group, Inc (Silveus). The Indiana-based broker dates back to 1940 and is the country’s largest independent specialty provider of crop insurance. Terms...
Aon’s NFP Acquires UK-Based Consultant HELPGB
May 21 2024 // NFP, an Aon company and international insurance brokerage and consulting firm, announced it has acquired HELPGB, a human resources and health and safety consulting business. Financial details of the deal were not...
Relation Insurance Acquires Brooklyn’s Elite Agency
May 21 2024 // California-based Relation Insurance Services reports it has acquired Elite Insurance Agency, Inc. on April 1, 2024. Elite, based in Brooklyn, New York. offers employee benefits, commercial insurance, and high-net-worth...
Howden Buys Microinsurance Specialist That Offers Cover for LatAm Underinsured
May 20 2024 // Howden, the London-based insurance intermediary group, announced the acquisition of MiCRO, a microinsurance specialist that designs and implements parametric insurance coverage for underserved populations in Latin America...
B&B Adds Georgia-based Public Entities Team in Latest Acquisition
May 20 2024 // A part of Brown & Brown’s wholesale insurance group has acquired Public Entities of America LLC, a brokerage based in Alpharetta, Georgia, that has catered to the public sector and risk management...
Inszone Acquires Texas’ JHC Insurance Agency
May 17 2024 // Inszone Insurance Services announced the acquisition of JHC Insurance Agency, Inc., an independent insurance agency serving the Victoria community and beyond. Rooted in the values of independence and client-focused...
Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria
May 17 2024 // MDS Brazil, a subsidiary of Ardonagh-owned MDS Group and one of the country’s major brokers, announced it intends to acquire D’Or Consultoria, a health, dental, life insurance and pensions broker from Rede...
King Insurance Acquires Marcus Agency in Connecticut
May 16 2024 // Florida-based King Insurance Partners announced it has acquired Marcus Insurance, an independent agency based in Wethersfield, Connecticut. The terms were not disclosed. Founded in 1941, Marcus Insurance is a family-run...
US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost
May 16 2024 // A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards. Generative...
Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’
May 14 2024 // The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter 2024, totaling $284 million in revenue. That is a 21% drop in revenue from what was acquired during the...
People Moves: AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance; Fusion Specialty Hires 2 for M&A Team in London
May 14 2024 // This edition of International People Moves details appointments at AXA XL Reinsurance and Fusion Specialty. A summary of these new hires follows here. AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London...
Arthur J. Gallagher & Co. Acquires Iowa’s Acumen
May 13 2024 // Arthur J. Gallagher & Co. announced the acquisition of Cedar Rapids, Iowa-based Acumen Advisors, Inc. Terms of the transaction were not disclosed. Acumen is an employee benefits consultant serving small and mid-size...
Crest Insurance Group Enters Nevada with Crossroads Acquisition
May 13 2024 // Crest Insurance Group acquired trucking and transportation specialist Crossroads Insurance Services in Henderson, Nevada. The Henderson location will become the hub of the Crest’s trucking and transportation division...
Inszone Acquires Texas’ Brazos Valley Insurance Agency
May 10 2024 // Inszone Insurance Services announced its 15th acquisition in the state of Texas with the successful integration of Brazos Valley Insurance Agency. The move further solidifies Inszone’s commitment to enhancing its...
Alera Group Acquires Texas’ Trimble-Batjer
May 9 2024 // Alera Group announced the acquisition of Texas-based Trimble-Batjer. Founded in 1883, Trimble-Batjer provides surety and bonds, business solutions, employee benefits and insurance coverage for auto, home, health and life....
Hub International Acquires Certain Assets of Canada’s 2197747 Alberta Ltd.
May 9 2024 // Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced the acquisition of certain assets from 2197747 Alberta Ltd., which is in turn partially owned by Carianne...
Hub Acquires Michigan’s True North Group
May 8 2024 // Hub International Limited announced the acquisition of the assets of True North Group Insurance Services, LLC (True North Group). Terms of the transaction were not disclosed. Located in Howell, Michigan, True North Group...
Ardonagh to Acquire Australia’s PSC Insurance Group for A$2.3 Billion
May 8 2024 // Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Australia’s PSC Insurance Group Ltd., in a deal valued at A$2.3 billion (US$1.5 billion). PSC is a...
Higginbotham Acquires Texas’ Barnard Insurance Group
May 7 2024 // Higginbotham announced it has acquired Barnard Insurance Group of Wichita Falls, Texas. Family owned and operated since 1931, Barnard is an independent agency with services that include personal, life and health, and...
