Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
ALKEME Acquires Louisiana’s Hardwick Insurance
Jun 6 2024 // ALKEME, announced the acquisition of Hardwick Insurance, a commercial and personal specialist located in Lafayette, Louisiana. This strategic acquisition marks ALKEME’s expansion in the Southern United States and...
Hilb Group Acquires German American for $40M
Jun 5 2024 // Hilb Group announced and closed the sale of the assets of the wholly-owned subsidiary German American Insurance (GAI) to Hilb Group in an all-cash transaction of $40 million. The sale creates a significant after-tax gain,...
Hub Acquires Combined HCM in California
Jun 5 2024 // Hub International Ltd. acquired the assets of Combined Benefits Inc., Combined Commercial Insurance Services LLC., and Combined Employer Services Inc. Donny Woo, CEO, and Jonathan Zhao, vice president of payroll, and the...
Independence Pet Buys Bigger Stake in Miami-based Spot Pet Insurance
Jun 5 2024 // Independence Pet Holdings has acquired a majority interest in Spot Pet Insurance, an expansion of IPH’s 2022 investment in the Miami-headquartered insurer. Independence, founded in 2021 and helmed by CEO Lane Kent,...
Gallagher’s Pen Underwriting Acquires Irish MGA Wrightway Underwriting Ltd.
Jun 5 2024 // Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced that its specialist underwriting subsidiary Pen Underwriting has acquired Ireland’s Wrightway Underwriting Ltd. Terms of the...
Marsh McLennan Agency Completes Fisher Brown Bottrell Acquisition
Jun 5 2024 // Marsh McLennan Agency said it completed its purchase of Fisher Brown Bottrell Insurance, Inc. from Trustmark National Bank for about $316 million. The subsidiary of Marsh said all Jackson, Mississippi-based Fisher Brown...
Hub Acquires Vermont’s Essex Agency
Jun 5 2024 // Global insurance broker Hub International Limited reported it has acquired The Essex Agency, Inc. of Essex Junction, Vermont. Terms of the transaction were not disclosed. The Essex Agency is an independent insurance agency...
NSM Acquires Reinsurance MGA Strategic Underwriters International
Jun 5 2024 // Global specialty insurance broker NSM Insurance Group has completed its acquisition of Strategic Underwriters International (SUI). Based in Doylestown, Pennsylvania, SUI is a managing general agent (MGA) in the casualty...
RiverStone Acquires Electric Insurance; Plymouth Rock Gets Renewal Rights
Jun 3 2024 // RiverStone International reports it has closed on its acquisition of Electric Insurance Co. and its two subsidiaries, Elm Insurance Co. and Electric Insurance Agency. Electric Insurance is a Beverly,...
Marsh McLennan to Buy Fisher Brown Bottrell Agency for $316 Million
Jun 3 2024 // Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies in the Southeast–Fisher Brown Bottrell Insurance Inc. Marsh McLennan Agency will pay $316 million in...
Aon/NFP’s Lenox Advisors Acquires Maryland Benefits Firm Serving Medical Pros
May 31 2024 // Lenox Advisors, Inc., an affiliate of NFP, an Aon company, reports it has acquired Martin/Wight & Co., a Maryland-based insurance and financial services firm that specializes in serving medical professionals. Founders...
Marsh McLennan Acquires Texas’ Perkins Insurance Agencies
May 31 2024 // Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of Perkins Insurance Agencies, an Abilene, Texas-based independent agency. Terms of the acquisition were not disclosed. Founded in 1977, Perkins...
Inszone Acquires Texas’ T Blackwell Insurance Group
May 31 2024 // Inszone Insurance Services announced the acquisition of T Blackwell Insurance Group, an agency based in Garden Ridge, Texas. Founded by Tracey Blackwell in 2012, T Blackwell Insurance Group has carved a niche in personal...
Miller Acquires Spanish Specialty Re/Insurance Broker Bruzon
May 30 2024 // Miller, the London-based specialist re/insurance broker, announced the acquisition of Madrid-based commercial insurance and reinsurance broker Bruzon Correduría de Seguros y Reaseguros S.A. and its subsidiary Bruzon...
ARCW Acquires CLC Insurance Agency in Clearwater
May 30 2024 // Clearwater-based CLC Insurance Agency has merged with ARCW Insurance, a Leavitt Group affiliate, the companies said in a news release this week. Callahan-Estes CLC, founded four years ago by Crystal Callahan Lawson, now...
Relation Insurance Services Acquires Oklahoma’s First Insurance
May 29 2024 // Relation Insurance Services acquired the assets of First Insurance an Affiliate of FirstBank, Inc. The transaction went into effect on April 1, 2024; terms of the transaction were not disclosed. First Insurance, based in...
Inszone Acquires Nam International Insurance Services in California
May 28 2024 // Inszone Insurance Services acquired Nam International Insurance Services Inc. in Fremont, California. Nam was founded in March 2003 by Parvinder Janda to serve the insurance needs of individuals and businesses in the...
Arthur J. Gallagher & Co. Acquires Minnesota’s CCI Surety
May 23 2024 // Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota-based CCI Surety, Inc. Terms of...
Axis Insurance Managers Acquires Canadian Broker Magnes Group
May 23 2024 // Axis Insurance Managers Inc., the Vancouver, Canada-headquartered brokerage, announced it has acquired The Magnes Group Inc. Axis Insurance said it made its initial investment in Magnes in 2015. Financial details of the...
Inszone Acquires Illinois’ ISU Coverall
May 22 2024 // Inszone Insurance Services announced the acquisition of ISU Coverall Insurance Group, a prominent full-service insurance broker serving the Chicago area. Founded in 2013 by Casey Brennan, ISU Coverall has carved out a...
