Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Progressive to Buy Transportation Insurer Protective for $338 Million
Feb 16 2021 // The Progressive Corp. is acquiring Indiana-based trucking industry insurer Protective Insurance Corp. in a move that will increase its stake in the commercial lines insurance market. Progressive has agreed to pay $23.30...
Core Assurance Partners Names Brandau as President, Russell as Vice President
Feb 16 2021 // Core Assurance Partners Inc. has named Zack Brandau as the organization’s president and Will Russell as vice president. Brandau will continue to lead the firm’s daily operations and drive strategic growth...
Robles Joins XPT Partners in Texas as VP, Senior Transportation Broker
Feb 12 2021 // XPT Partners, a national specialty insurance distribution company, has added excess transportation expert Alex Robles as vice president and senior broker in its Plano, Texas, office. Robles will concentrate on excess...
OneDigital Acquires Missouri’s HM Employee Benefits and Risk Management
Feb 11 2021 // OneDigital has acquired HM Employee Benefits and Risk Management (HM), located in St. Louis, Missouri. This acquisition is the first to integrate property/casualty (P/C) into OneDigital’s suite of health, retirement...
Heffernan Acquires Micor Insurance Brokers in California
Feb 10 2021 // Heffernan Insurance Brokers has acquired Micor Insurance Brokers in San Jose, Calif. The Micor San Jose office is Heffernan’s 10th California location. Terms of the deal were not disclosed. Corrie Foos, president of...
AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO
Feb 10 2021 // Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay...
UK Broker Specialist Risk Group Buys Trade Credit Specialist, The Channel Partnership
Feb 10 2021 // Specialist Risk Group (SRG), a London-based specialist insurance broker, has announced the acquisition of a UK trade credit specialist, The Channel Partnership. Financial details of the deal were not disclosed. The Channel...
Arthur J. Gallagher & Co. Acquires Air-Sur of Florida
Feb 10 2021 // Arthur J. Gallagher & Co. has acquired Ormond Beach, Fla.-based Air-Sur, Inc. Terms of the transaction were not disclosed. Founded in 1976, Air-Sur is a retail insurance broker serving clients in the aviation and...
EC Pauses Investigation; CEO Says Aon-Willis Merger Still on Track to Close in 1st Half
Feb 9 2021 // The merger of Aon with Willis Towers Watson is on course to close in the first half of 2021, said John Haley, Willis Towers Watson’s chief executive. “In March of last year when we first announced [the merger],...
UK Insurtech Zego Partners with Irish Mobility Startup Brite to Offer Electric Fleet Cover
Feb 9 2021 // Irish mobility startup Brite has partnered with London-based mobility insurance provider Zego to expand its fleet offering of e-mopeds, e-scooters and e-bikes across Ireland. The partnership between Brite and Zego means...
Metromile to Begin New Life as Public Company as Reverse Merger Closes
Feb 9 2021 // Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a special purpose acquisition company (SPAC) is expected to close today. INSU Acquisition Corp. II,...
Learning Technologies Group Buys Diversity & Inclusion Specialist PDT Global in UK
Feb 9 2021 // Learning Technologies Group plc (LTG), the London-based provider of services and software for digital learning and talent management, has acquired PDT Global, a leading provider of online diversity and inclusion...
Third Point Re Hires 3 Senior Leaders Ahead of Anticipated Merger with Sirius
Feb 9 2021 // Third Point Reinsurance Ltd., a Bermuda-based specialty reinsurer, announced it has made three senior hires to strengthen its existing leadership team, ahead of the company’s anticipated merger transaction with...
NFP Acquires Michigan’s Colburn Risk Holdings
Feb 9 2021 // Insurance broker and consultant NFP acquired Michigan-based property/casualty insurance broker Colburn Risk Holdings LLC (ColburnColburn) in a transaction that closed Dec. 31, 2020. ColburnColburn, with offices in...
New Cowbell Cyber Partner Program Connects Insureds with Risk Management Services
Feb 9 2021 // Cowbell Cyber, an AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), has launched Cowbell Connect, its partner program which offers policyholders with risk management services to address and...
Applied Underwriters Closes on Acquisition of Centauri Insurance Companies
Feb 8 2021 // Applied Underwriters has completed its acquisition of Centauri Specialty Insurance Co. and Centauri National Insurance Co., based in Sarasota, Florida. Florida, Louisiana and Texas regulators have approved the transaction....
Arthur J. Gallagher & Co. Completes Acquisition of UK’s Bollington Wilson Group
Feb 8 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has completed its acquisition of specialist UK insurance broker The Bollington Wilson Group. Financial details of the deal, which was...
Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS
Feb 8 2021 // There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The surge resulted from the pent-up supply of pending transactions from earlier in the year coupled with...
Surfacing Emerging Risks From Covid, Cyber, Civil Unrest, Mergers, and More…
Feb 8 2021 // Insurance Journal examined industries experiencing changes and challenges due to the COVID-19 pandemic, societal unrest and other market forces experienced in 2020. Here are 10 industry sectors that could see new and...
Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg
Feb 7 2021 // Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with Reinvent Technology...
