Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Alabama House Agrees to Send More Funding to Wind Mitigation Program
Feb 9 2022 // The Alabama House of Representatives has agreed to divert more funding to Strengthen Alabama Homes, a program that fortifies houses and roofs to mitigate wind damage. Rep. Chip Brown The House this week approved House Bill...
Vantage Group Raises Additional Capital, Acquires U.S. Admitted Carrier
Feb 9 2022 // Bermuda-based re/insurer Vantage Group Holdings Ltd. announced that funds managed by Carlyle and Hellman & Freidman have committed up to an additional $200 million of capital to fund the continuing growth of Vantage,...
XPT Specialty Acquires Indiana’s Insurance Brokers Incorporated
Feb 9 2022 // XPT Specialty has acquired Insurance Brokers Incorporated, headquartered in Indianapolis, Indiana, in a move that continues a series of acquisitions for the company. IBI is a wholesale insurance broker and general agency...
NFP Acquires East Coast Underwriters, Blue Ridge Captive Firm
Feb 9 2022 // NFP, a global insurance broker and consultant, has acquired East Coast Underwriters and Blue Ridge Captive Solutions, expanding NFP’s medical stop-loss and self-funded group captive lines of business, the company...
World Insurance Acquires J.K. Olivieri Agency in Massachusetts
Feb 8 2022 // Broker World Insurance Associates reports it acquired J.K. Olivieri Insurance Agency, Inc. of Middleboro, Massachusetts, on December 1, 2021. Terms of the transaction were not disclosed. J.K. Olivieri Insurance Agency was...
People Moves: Groundspeed Adds Three Executives; Alera Appoints Reyes as Associate General Counsel, M&A
Feb 8 2022 // Groundspeed Adds Three Executives Ann Arbor, Michigan-based Groundspeed, a provider of SaaS-delivered smart submission and analytics solutions to the property & casualty insurance industry, has hired three key...
Aston Lark Acquires UK Employee Benefits Specialist, Healthwise Group
Feb 8 2022 // Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced Healthwise Group Ltd. as its second healthcare acquisition of 2022. Financial details of the transaction were not...
Hub Acquires Assets of AVI Commercial Insurance in California
Feb 7 2022 // Hub International Ltd. acquired the assets of AVI Commercial Insurance Marketing Inc. in San Clemente, California. Doug Krumpols, president, and the AVI team will join Hub’s Los Angeles and Orange County...
Insurance Agency M&As Jumped 30% in 2021: OPTIS
Feb 7 2022 // There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to agency consultancy OPTIS Partners. Also, the 384 deals during the fourth quarter of 2021 marked a...
Transactional Liability Insurance: Why Management Liability Isn’t Enough in Today’s M&A World
Feb 7 2022 // After a slight Covid-19 related dip in 2020, M&A activity has reached unprecedented levels with 2021 being the busiest year on record, resulting in significantly elevated demand for M&A insurance. At the same time,...
NBA Team Owner Buys National Security, Alabama-based Insurer
Feb 4 2022 // A holding company formed by the owner of the Sacramento Kings basketball team has agreed to purchase National Security Group Inc., an Alabama-based specialty underwriter of property, casualty and life insurance, for $41...
Oakbridge Acquires Another Georgia Agency
Feb 3 2022 // Oakbridge Insurance Agency, a large regional independent agency, announced its further expansion into Georgia with the acquisition of Jenkins, Skipworth & Associates in Alpharetta. JSA, an independent insurance agency...
Hilb Group Acquires New York’s Malvaso Agency
Feb 3 2022 // The Hilb Group reports it has acquired the Mark E. Malvaso Agency, building upon the company’s presence throughout New York state. The transaction became effective January 1, 2022. Based in Elbridge, New York, the...
Metromile Shareholders Approve Acquisition by Lemonade
Feb 2 2022 // Metromile said its stockholders have approved its acquisition by digital insurer Lemonade. The transaction is expected to close in the second quarter pending regulatory approval. The pay-per-mile auto insurance provider...
Hub Acquires Assets of Kornerstone in California
Feb 2 2022 // HUB International Ltd. acquired the assets of Kornerstone Inc. in Chico, California. Eric Blofsky, pesident, and the Kornerstone team will join Hub Central & Northern California. Kornerstone provides individuals and...
World Insurance Associates Buys Connecticut’s Sumner & Sumner
Feb 2 2022 // New Jersey-based broker World Insurance Associates reports it has acquired Sumner & Sumner, Inc., an Insurance agency in Willimantic, Connecticut. Terms of the transaction were not disclosed. Sumner & Sumner began...
Jencap Group Acquires Texas’ Delta General Agency
Feb 2 2022 // Jencap Group LLC has acquired the assets of Delta General Agency Corporation, a full-service specialty wholesale brokerage and managing general agency based in Houston. Delta will operate under the auspices of the Jencap...
Wallace & Turner Acquires Ohio-Based Guarantee
Feb 1 2022 // Wallace & Turner, Inc. has acquired Guarantee Insurance Agency, effective January 1, 2022. Founded in 1907, Guarantee Insurance Agency has been operated by Jim and Gaylee Ross for over 25 years, offering personal,...
Chile Insurtech Startup Betterfly Plans Overseas Expansion After $125M Funding Round
Feb 1 2022 // Chilean insurance-tech startup Betterfly plans to expand overseas after its latest funding round swelled its valuation to $1 billion. The company is preparing to begin operations in seven new markets in 2022 —...
Arthur J. Gallagher & Co. Acquires UK Broker Devitt Insurance Services Ltd.
Feb 1 2022 // Arthur J. Gallagher & Co. announced the acquisition of Romford, Essex-based Devitt Insurance Services Ltd. in the United Kingdom. Terms of the transaction were not disclosed. Founded in 1936, Devitt is a privately...
