Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal
Jan 9 2023 // Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year strategic partnership has been formed in which Brit (a subsidiary of Fairfax...
Vista Equity Partners to Buy Duck Creek for $2.6B Cash
Jan 9 2023 // Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 billion. Pending Duck Creek stockholder and regulatory...
M&A Drops From 2021 Record High but Activity ‘Solid’: Marshberry
Jan 9 2023 // Following a record year in 2021, insurance agency consulting firm Marshberry said the amount of mergers and acquisitions in the insurance industry dropped by more than 200 in 2022 but when all is said and done, the year...
Mitsui Sumitomo Completes Acquisition of Transverse Group
Jan 6 2023 // Mitsui Sumitomo Insurance Co. has completed its acquisition of Warren, New Jersey-based reinsurance intermediary Transverse Insurance Group, closing a deal that was announced in August. Mitsui Sumitomo Insurance Co., a...
Alera Group Acquires Virginia-Based Ascent Group
Jan 6 2023 // Insurance and investment firm Alera Group announced its acquisition of Virginia Beach-based The Ascent Group and affiliated companies. The acquisition adds significant assets under management to two Alera Group divisions:...
Duck Creek to Acquire Swiss Payments Platform, Imburse Payments
Jan 6 2023 // Duck Creek Technologies, the tech company that serves the property/casualty insurance market, announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform. Financial details of the...
People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK
Jan 5 2023 // Aon Names Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA Insurance broker Aon plc has named Agostino (Ago) Fulciniti as head of strategy execution for Commercial Risk Solutions in EMEA,...
ALKEME Acquires Atascadero Insurance Agency in Central California
Jan 4 2023 // ALKEME acquired Atascadero Insurance Agency, dba Morro Bay Insurance Agency, in Fresno, California. Atascadero specializes in property/casualty covering the central California region. Ladera Ranch California-based ALKEME...
Marsh McLennan Agency Buys Maryland’s HMS Insurance
Jan 4 2023 // Marsh McLennan Agency (MMA), a subsidiary of global insurance broker Marsh, reports it has acquired Hunt Valley, Maryland-based HMS Insurance Associates, Inc. Founded in 1943, HMS provides businesses and individuals in the...
CAC Specialty and Cobbs Allen Complete Merger
Jan 4 2023 // Specialty broker CAC Specialty and Cobbs Allen, a P/C and employee benefits broker, today announced the completion of their merger. The transaction creates a fully integrated specialty platform with the scale, resources...
Specialist Risk Group to Acquire UK’s Fleet and Commercial
Jan 4 2023 // Specialist Risk Group (SRG), the London-headquartered broker, announced the acquisition of Fleet and Commercial, subject to regulatory approval. The deal enhances SRG’s existing commercial motor capability and is a...
MagMutual Completes Acquisition of New Jersey’s MDAdvantage
Jan 4 2023 // Atlanta-based physician insurer MagMutual Insurance Co reports it has .has completed its acquisition of MDAdvantage Insurance Co. of New Jersey. The deal received final corporate approval and regulatory approval by the New...
Johnson & Johnson Acquiring Statewide Insurance Corp in Arizona
Jan 3 2023 // Johnson & Johnson acquired the assets of Statewide Insurance Corp. in Arizona, as it looks to expand into several Southwestern states. Statewide Insurance Corp. serves clients across the Southwest, writing specialty...
Arthur J. Gallagher Acquires CBS Insurance in Texas
Jan 3 2023 // Arthur J. Gallagher & Co. acquired Abilene, Texas-based CBS Insurance LLP. CBS Insurance is a retail insurance agency providing property/casualty and health/benefits coverages to clients throughout Texas and the...
Howden Buys Spanish Broker March Risk Solutions, Forms Alliance With Banca March
Jan 3 2023 // Howden, the London-based international insurance broker, announced it has acquired 100% of Spanish insurance broker March Risk Solutions (March R.S.) and has signed an alliance with Banca March, March R.S.’s parent...
Insurance M&A Activity Slowed in 2022: S&P
Dec 29 2022 // Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped this year, according to an S&P Global Market Intelligence...
Grohs Schrager Hampson Aviation Acquires New Jersey’s Wings Agency
Dec 28 2022 // Grohs Schrager Hampson Aviation Insurance reports that it acquired Wings Agency of Hainesport, New Jersey on December 22, 2022. Wings Agency was founded by Hobart “Bud” Montee over half a century ago. His...
Arthur J. Gallagher & Co. Acquires Illinois’ ROC Group
Dec 27 2022 // Arthur J. Gallagher & Co. announced the acquisition of Chicago-based ROC Group. Terms of the transaction were not disclosed. Founded in 1998, ROC Group is an employee communication agency specializing in human...
Hilb Acquires OceanPoint Insurance in Rhode Island
Dec 27 2022 // National broker The Hilb Group reported it has acquired Rhode Island-based OceanPoint Insurance, building upon its presence in the New England region. OceanPoint is based in Middletown, and has additional offices in...
Government Funding Bill to Bolster U.S. Antitrust Regulators
Dec 27 2022 // A $1.7 trillion government funding bill approved by the U.S. Senate Thursday will bolster U.S. regulators and make it easier for states to bring antitrust lawsuits. The Federal Trade Commission (FTC), which has a number of...
