Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Alera Acquires Michigan’s Becker Insurance Agency
Nov 22 2021 // Alera Group, an independent, national insurance and wealth management firm, has acquired Becker Insurance Agency, P.C., an independent insurance agency based in Portage, Michigan. Terms of the transaction were not...
Resilience Cyber Closes $80M Funding Round to Further Expand Into Middle Market
Nov 22 2021 // Resilience, which offers cyber insurance and security solutions, reported that that it closed an $80 million Series C funding round as it plans for further middle market expansion and international growth. The funding...
Alabama DOI to Hold Hearing on Merger of ProAssurance and Noetic
Nov 19 2021 // The Alabama Department of Insurance will hold a public hearing Dec. 6 on the proposed merger of Birmingham-based ProAssurance Specialty Insurance Co. and Noetic Specialty Insurance, a Vermont company. The publicly traded...
Kaplansky Insurance Acquires Massachusetts’ Judith M. Flynn Agency
Nov 19 2021 // Kaplansky Insurance acquired Judith M. Flynn Insurance Agency Inc., located in Dorchester, Massachusetts. This deal serves as Kaplansky’s fourth acquisition of 2021 and 38th overall and contributes to its growth...
BRP Group to Acquire Missouri’s Brush Creek Partners
Nov 19 2021 // BRP Group, Inc., through an indirect subsidiary, has entered into an agreement to acquire substantially all the assets of Brush Creek, LLC. Based in Kansas City, Missouri, Brush Creek Partners, also operating as “bcp...
Vertafore Acquires Ohio-Based Insurtech AgencyZoom
Nov 18 2021 // Vertafore, a provider of insurance technology, has acquired Columbus, Ohio-based inusrtech AgencyZoom, a cloud-based sales automation platform for insurance agents. AgencyZoom provides insurance agents with sales analytics...
World Insurance Associates Acquires Massachusetts’ Pope Insurance Agency
Nov 18 2021 // World Insurance Associates LLC (WIA) acquired Pope Insurance Agency Inc. of Plainville, Massachusetts, on October 1, 2021. Terms of the transaction were not disclosed. Pope Insurance Agency Inc. is a multi-line insurance...
Risk Strategies Acquires Connecticut’s TriPoint Insurance
Nov 18 2021 // Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired TriPoint Insurance Inc., a national specialist providing Performance Based Insurance (PBI) solutions to middle market companies...
BKS Partners Enters Agreement to Acquire Construction Risk Partners
Nov 17 2021 // Baldwin Krystyn Sherman Partners LLC (BKS Partners) entered into an agreement to acquire all the outstanding equity interests of Construction Risk Partners LLC (CRP). The transaction is expected to close on or around...
Willis Towers Watson to Acquire Israeli Broker Leaderim
Nov 17 2021 // Insurance broker Willis Towers Watson announced it has signed a definitive agreement to acquire Leaderim, an insurance broking and risk consultancy business in Israel. Financial terms of the deal were not...
Brown & Brown Acquires Another Agency in Florida
Nov 16 2021 // Brown & Brown, a national insurance brokerage firm, has acquired Heacock Insurance, a fifth-generation agency based in Central Florida. Heacock was founded in 1922 and has offices in Lakeland and Sebring. The Heacock...
SullivanCurtisMonroe Acquires Stan Burns in California
Nov 16 2021 // SullivanCurtisMonroe acquired Stan Burns Insurance Services in Long Beach, California. Terms of the deal were not disclosed. Stan Burns specializes in commercial, personal, employee benefits and life insurance. Irvine,...
USI Acquires Washington-Based Griffin MacLean
Nov 15 2021 // USI Insurance Services has acquired Bellevue, Washington-based Griffin MacLean Insurance Brokers. Founded in 1981, Griffin MacLean is an independent insurance brokerage operation serving businesses and individuals...
Alera Group Acquires California’s McSherry & Hudson Insurance Services
Nov 15 2021 // Alera Group, an independent, national insurance and wealth management firm, has acquired McSherry & Hudson Insurance Services, an independent, full-service insurance brokerage firm offering property and casualty,...
Insurtech Funding on Track for New Record After Hitting $5.3B in Q3
Nov 12 2021 // Insurtechs continue to attract significant investor cash, pulling in a near-record $5.3 billion for the 2021 third quarter, representing a total of 472 deals. U.S. companies nailed down most of the cash, according to a...
Zurich American Acquires Texas-Based Special Insurance Services
Nov 12 2021 // Zurich American Insurance Company, a provider of insurance products and services to businesses in multiple industries, has signed an agreement to acquire Special Insurance Services, Inc., a Texas-based program manager...
Aston Lark Acquires UK-Based Innovation Broking
Nov 12 2021 // Aston Lark Group, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced it has acquired Innovation Broking. Financial details of the deal were not disclosed. Established...
NFP Acquires Western Canada’s Foster Park Brokers Inc.
Nov 12 2021 // NFP, the New York City-based insurance broker and consultant, announced the acquisition of Canada’s Foster Park Brokers Inc. Details of the transaction, which closed on Nov. 1, 2021, were not disclosed. Foster Park...
Hannover Re Sells Stake in HDI Global Specialty to Position Itself as Pure Reinsurer
Nov 12 2021 // Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE, effective Dec. 31, 2021. HDI Global SE will then hold 100% of the shares. Financial details of...
Westfield Insurance to Buy Argo’s U.S. Specialty Property Renewal Rights
Nov 12 2021 // Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo’s shared and layered...
