Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
UK Competition Authority Investigating Gallagher Bid to Buy Willis Re
Oct 5 2021 // The UK’s Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the treaty reinsurance business of Willis Towers Watson by Arthur J. Gallagher & Co. In a brief...
Gallagher Acquires Grand Cayman’s Briat, UK’s Manchester Underwriting
Oct 5 2021 // Global insurance broker Arthur J. Gallagher & Co. announced it has acquired two agencies: Grand Cayman-based Briat Insurance Ltd. and UK-based Manchester Underwriting Agencies Limited. Terms of the transactions were...
Neptune Flood Acquires Parametric Earthquake Insurance Broker Jumpstart
Oct 4 2021 // Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric insurtech broker that offers parametric earthquake policies. Terms were not disclosed. Jumpstart, a licensed surplus...
Arthur J. Gallagher & Co. Buys UK MGA Manchester Underwriting Agencies Ltd.
Oct 4 2021 // Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary Pen Underwriting has acquired 100% of UK-based Manchester Underwriting Agencies Ltd. and its wholly owned subsidiary, Manchester...
New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round
Oct 4 2021 // New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and Faiz Shams. The startup aims to use the capital infusion to expand its team,...
Aston Lark Acquires UK Insurance Broker S. Johnson & Co.
Oct 4 2021 // Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of S. Johnson & Co. Ltd. Established in 1990 and based in Birmingham, England, with a dedicated team led by...
Insurance M&A Activity Slowed in P/C Sector in First Half of 2021
Oct 4 2021 // Merger and acquisition activity increased in the first half of 2021 in most insurance sectors but not in the property/casualty sector. According to Deloitte’s Midyear Insurance M&A Outlook, the number of M&A...
JZZ Tech Acquires Florida-Based Beacon Insurance Solutions
Oct 1 2021 // JZZ Technologies Inc. has acquired Florida-based Beacon Insurance Solutions, part of its continuing effort to reach the senior adult market with insurance and other services, the companies announced. “Following this...
Allianz Finalizes €330 Million Acquisition of Aviva Italia
Oct 1 2021 // Allianz S.p.A., the Italian holding company of the Allianz Group, announced it has finalized the acquisition of Aviva Italia S.p.A., the Italian property & casualty (P/C) insurance entity of the Aviva Group. The...
Howden Acquires CHB Insurance Brokers in Estonia
Oct 1 2021 // Howden, the international insurance broker, announced the acquisition of CHB Insurance Brokers (CHB), one of the pre-eminent property/casualty brokers in the Baltic region. Financial details of the transaction were not...
Patriot Growth Grows with Acquisition of Another Florida Agency
Sep 30 2021 // Patriot Growth Insurance Services, less than three years old, has added a Florida firm to its army of insurance agencies around the country. The company, which calls itself one of the fastest growing national insurance...
Approval of Funding Until Dec. 3 Averts Government Shutdown, Renews Flood Program
Sep 30 2021 // Congress on Thursday passed a last-minute, short-term funding measure, averting a government shutdown that would have curtailed federal operations including the National Flood Insurance Program. The Senate was the first...
Arthur J. Gallagher Acquires Arkansas’ Alpha Surety & Insurance
Sep 30 2021 // Arthur J. Gallagher& Co. has acquired Little Rock, Ark.-based Alpha Surety & Insurance Brokerage LLC. Terms of the transaction were not disclosed. Founded in 2002, Alpha Surety focuses primarily on selling direct...
Relation Acquires South Carolina-based Furman Insurance
Sep 29 2021 // Relation Insurance Services, Inc. (“Relation”) announced it acquired the assets of South Carolina-based The Furman Co. Insurance Agency (“Furman Insurance”). Terms of the transaction were not...
Cash-Strapped China Evergrande Sells Bank Stake to Repay Loan
Sep 29 2021 // Cash-strapped China Evergrande Group left its offshore bondholders guessing whether it would pay interest on a bond coupon due Wednesday, despite agreeing to settle debt with a Chinese bank in a $1.5 billion stake...
OIP Robotics and HyperScience announce partnership to bring data extraction to their automation portfolio
Sep 28 2021 // SCOTTSDALE, AZ, Sept. 28, 2021 — OIP Robotics, an Outsource Insurance Professionals entity, announced its partnership with HyperScience, bringing unmatched data extraction capabilities to their automation...
Generali Board Backs Reappointment of CEO Despite Opposition of 2 Major Shareholders
Sep 27 2021 // The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy’s top insurer, two people...
Relation Acquires South Carolina-Based Perry
Sep 23 2021 // Relation Insurance Services, Inc. has acquired the assets of South Carolina-based Perry Insurance Group, Inc. Terms of the transaction were not disclosed. Perry provides personal and commercial lines insurance throughout...
Insurance M&A Activity Slowed in P/C Sector in First Half of 2021
Sep 23 2021 // Merger and acquisition activity increased in the first half of 2021 in most insurance sectors but not in the property/casualty sector. According to Deloitte’s Midyear Insurance M&A Outlook, the number of M&A...
Russia’s Largest Online Insurer Weighs Acquisitions Ahead of Possible IPO
Sep 23 2021 // Renaissance Insurance, Russia’s largest online policy provider, is trawling the country’s traditional insurers for acquisition targets as it prepares for a possible initial public offering. RenIns — which...
