Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ClaimsPro Acquires Alabama-Based Adjusting Company CJ Hester
Sep 15 2021 // ClaimsPro, an independent adjusting and claims management leader in North America and an SCM Company, announced that it has acquired CJ Hester, a multi-state independent insurance adjusting company based in Mobile,...
USI Acquires Iowa’s Reynolds & Reynolds
Sep 10 2021 // Global insurance broker USI Insurance Services announced the acquisition of Des Moines, Iowa-based Reynolds & Reynolds, Inc. Founded in 1976, Reynolds & Reynolds is an independent risk management and employee...
Retail Insurance Platform Alkeme Acquires Venture Pacific Insurance
Sep 10 2021 // Retail insurance platform Alkeme said it has acquired Venture Pacific Insurance Services, a Ladera Ranch, California-based brokerage operating in 50 states. Venture Pacific specializes in construction, security guards,...
Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions
Sep 10 2021 // LONDON— Willis Towers Watson has around $5 billion of capital which could used for acquisitions, its president and incoming chief executive said on Thursday, as the insurance broker prepares for a future as a standalone...
Hub Acquires Assets of Illinois’ McNellis Insurance
Sep 8 2021 // Chicago-based insurance brokerage and financial services firm, Hub International Limited (Hub), acquired the assets of McNellis & Company Inc. (McNellis Insurance), located in Evergreen Park, Illinois. Terms of the...
People Moves: BKS Partners Adds Pollock; Beecher Carlson Promotes Golub
Sep 8 2021 // BKS Partners Baldwin Krystyn Sherman Partners, LLC (“BKS Partners”), an indirect subsidiary of BRP Group, Inc. (“BRP Group”) (NASDAQ: BRP), an insurance brokerage and risk management firm...
No One Buys Based on Price
Sep 6 2021 // In virtually every independent insurance agent survey that I’ve ever seen, respondents overwhelmingly list “service” as one of the most important reasons clients do business with them. In fact, when you...
Merger & Acquisition State of the Industry
Sep 6 2021 // The merger and acquisition arena has never been this busy. All deals currently on the table and many more sellers now appearing or being thrown into this process want and need to close their transactions by...
Alliant Acquires Biggs Insurance Services in Washington
Sep 2 2021 // Alliant Insurance Services acquired Vancouver, Wash.-based Biggs Insurance Services. Terms of the deal weren’t disclosed. Biggs and its team of nearly 60 insurance professionals will join Alliant and will continue...
Marsh McLennan Agency Expands in Upper Midwest With Vaaler Insurance Acquisition
Sep 2 2021 // Marsh McLennan Agency (MMA), the middle market agency subsidiary of Marsh, acquired of Vaaler Insurance Inc., one of the largest independent agencies in North Dakota. Terms of the acquisition were not disclosed. Vaaler is...
Aon Acquires Remaining 51% of Aon India Insurance Brokers, Formerly Anviti
Sep 2 2021 // Global insurance broker Aon said it has increased its stake in Aon India Insurance Brokers Pvt Ltd. from 49 percent to 100 percent, acquiring the remaining share from Catamaran Ventures. Aon acquired a 49% stake from...
ReSource Pro Acquires Insurance Licensing Services of America in Texas
Sep 1 2021 // ReSource Pro has acquired Insurance Licensing Services of America (ILSA), a Groesbeck, Texas-based firm that provides regulatory and compliance services to insurance organizations and professionals. By acquiring ILSA, New...
Ardonagh Advisory Acquires UK Medical Insurance Broker, Usay Group
Sep 1 2021 // Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, announced it has acquired Usay Group Ltd., one of the largest consumer personal medical insurance and protection insurance brokers in the UK. Financial...
Arch Capital Closes Acquisition of Westpac Lenders Mortgage Insurance
Sep 1 2021 // Bermuda-based Arch Capital Group Ltd. has completed its acquisition of Australia’s Westpac Lenders Mortgage Insurance Limited (WLMI), With the transaction complete, Arch said it will combine the operations of WLMI...
Risk Strategies Acquires Georgia-based Employee Benefits Specialty Broker Benevestco
Aug 31 2021 // National specialty insurance brokerage and risk management firm Risk Strategies announced it has acquired the assets of employee benefits specialty broker Benevestco, Inc., a Resource Sevens company. Terms of the deal were...
Align Acquires Atlanta-Based Underwriting Manager NBIS
Aug 30 2021 // Align Financial Holdings, LLC (“Align”), a general agency and specialist program underwriting manager announced that it has acquired Atlanta-based NationsBuilders Insurance Services, Inc. (“NBIS”),...
Hong Kong’s OneDegree Raises $28 Million in New Round of Funding
Aug 30 2021 // OneDegree, a Hong Kong-based insurance technology company, raised $28 million in a new round of funding as the startup looks to expand in Asia. Sun Hung Kai & Co. and AEF Greater Bay Area Fund took part in the series...
Global Insurance M&A Drops 3% in 1st Half of 2021: Clyde & Co. Report
Aug 27 2021 // Mergers and acquisitions (M&A) in the global insurance industry dropped 3% in the first half of 2021 with 197 completed deals worldwide, down from 206 in the second half of 2020, according to Clyde & Co.’s...
Guidewire Acquires Property Risk Data Firm HazardHub
Aug 25 2021 // Insurance technology firm Guidewire Software said it has acquired HazardHub, an insurtech provider of property risk data to the property/casualty insurance industry for underwriting, marketing and claims. HazardHub’s...
Illinois Gives Pie Approval to Acquire Western Select
Aug 25 2021 // Pie Carrier Holdings has received regulatory approval from the Illinois Department of Insurance to acquire Western Select Insurance Co. from a subsidiary of Premia Holdings Ltd. Terms of the deal were not disclosed. The...
