Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Hub International Acquires Pair of Michigan Agencies
Mar 5 2024 // Hub International Limited, a global insurance brokerage and financial services firm, announced that it has acquired A.S. Arbury and Sons, Incorporated (Arbury Insurance Agency) and the assets of Michelle L. Everett, Inc....
IMA Acquires RiskPoint in Pacific Northwest
Mar 5 2024 // IMA Financial Group acquired RiskPoint Insurance Advisors LLC in the Pacific Northwest. With the transaction, k.p.d. Insurance and JL Jones and Associates will join RiskPoint in rebranding as IMA companies and expanding...
JetBlue, Spirit Airlines Call Off $3.8B Merger on Antitrust Hurdle
Mar 4 2024 // Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after a U.S. judge blocked the deal in January on anti-competition concerns. A...
UK Insurer Aviva to Enter Lloyd’s Market via Acquisition of Probitas for £242M
Mar 4 2024 // Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for a minimum fixed consideration of £242 million (US$306.2 million). The transaction includes...
Marsh McLennan Agency Acquires Pair of Louisiana Agencies
Mar 4 2024 // Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana...
FTI Consulting Acquires Madison Group Actuarial Firm
Mar 4 2024 // A global risk advisory firm has beefed up its actuarial muscle with the acquisition of Madison Consulting Group, based in Madison, Georgia, and Newtown Square, Pennsylvania. FTI Consulting, which recently released its own...
AM Best Upgrades Credit Ratings of ClearPath Following Merger With Harford
Mar 4 2024 // AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of...
Construction Insurtech Shepherd in California Raises $13.5M in Series A Funding
Mar 4 2024 // San Francisco, California-based insurtech Shepherd announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark...
People Moves: Fusion Specialty Appoints Harwood for APAC M&A Team; Specialty MGA Nirvana Hires García-Beltrán to Grow European Cyber SME Portfolio
Feb 29 2024 // This edition of International People Moves details appointments at the managing general agents Fusion Specialty and Nirvana. A summary of these new hires follows here. Fusion Specialty Appoints Harwood for M&A in Asia...
Howden Acquires Ireland’s Intersure Group
Feb 29 2024 // Howden, the London-based insurance intermediary group, announced it has acquired Intersure Group Ltd., trading as Intersure Group, further strengthening its ability to service the Irish insurance market, as it expands its...
Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’
Feb 27 2024 // The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346, down from 449 in the previous year, according to a new report from Clyde & Co. But the global law firm believes...
Signers National Acquires Texas’ Affiliated Insurance Agents
Feb 26 2024 // Signers National a group of insurance companies dedicated to servicing key client segments across the United States, announced the acquisition of Affiliated Insurance Agents. Affiliated Insurance Agents is an independent...
Agency Aggregator Union Bay Acquires Michigan’s Skar Insurance
Feb 26 2024 // Union Bay Acquisition LLC, an aggregator of insurance agencies agent based in Lansdale, Pennsylvania, has acquired Skar Insurance Group of Rockford, Michigan. Terms were not disclosed. Skar Insurance specializes in...
Florida Litigation Funding Bill Founders; Plan to Bar Policy Cancellations Gets Changes
Feb 23 2024 // Florida bills that target litigation financing, which seemed to be on their way to quick approval a week ago, have all but foundered in the state Capitol. House Bill 1179, by Rep. Toby Overdorf, and its companion, Senate...
People Moves: Everest Promotes 2 Senior Leaders in Reinsurance Division; CFC Hires 2 for New Specialist Team Focused on M&A Tax Risks
Feb 23 2024 // This edition of International People Moves details appointments at re/insurer Everest Group and the managing general agent CFC. A summary of these new hires follows here. Everest Promotes 2 Senior Leaders in Reinsurance...
ALKEME Acquires Ferrante Insurance Services in California
Feb 23 2024 // ALKEME acquired Ferrante Insurance Services in Concord, California. Ferrante Insurance Services specializes in providing commercial risk services to contractors throughout California including general liability,...
Resilience Acquires Texas-Based BreachQuest
Feb 21 2024 // Resilience, a risk management firm, has strategically expanded its capabilities through the acquisition of BreachQuest, an incident response technology solution. This move is set against the backdrop of an evolving digital...
Inszone Insurance Services Acquires Frank Vitale Insurance Agency
Feb 21 2024 // Inszone Insurance Services acquired Frank Vitale Insurance Agency in Soquel, California. The agency’s primary focus has been on insuring the construction industry, offering specialized coverage such as worker’s...
King Insurance Acquires New Jersey’s Mehta Agency
Feb 21 2024 // Florida-based King Insurance Partners reports it has acquired Mehta Insurance Agency, located in Absecon, New Jersey. Mehta Insurance Agency’s offerings include business, flood and life insurance. Sunil Mehta said...
Insurtech Cake Completes $1.3M in Pre-Seed Funding
Feb 20 2024 // Cake, an insurtech based in Indianapolis, has announced the completion of a $1.3 million pre-seed funding round led by venture capital company Markd. Additional sponsors included 2ndF, Iridium Bloom LLC, 101 Weston Labs,...
