Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Buys UK-Based Lifesure Group Ltd.
Sep 5 2023 // Arthur J. Gallagher & Co. announced the acquisition of UK-based Lifesure Group Ltd. Terms of the transaction were not disclosed. Lifesure provides personal lines insurance broking services in the vacation/holiday and...
Risk Strategies Acquires Benefit Design Group in Oregon
Aug 31 2023 // Risk Strategies acquired Benefit Design Group LLC in Oregon. The purchase of BDG adds to Risk Strategies’ presence in the Pacific Northwest. It builds upon the firm’s previous acquisition of the Fournier Group,...
One80 Intermediaries Acquires Transportation Agency GMI Insurance
Aug 31 2023 // One80 Intermediaries, a specialty insurance broker headquartered in Boston, has acquired GMI Insurance, a Pennsylvania-based managing general agent specializing in commercial transportation and related insurance. Terms of...
LP Insurance Services Acquires Wasserman & Associates in California
Aug 30 2023 // LP Insurance Services LLC acquired Wasserman & Associates in Northern California. Wasserman & Associates joins the LP Insurance Services Gold River/Sacramento office. Wasserman & Associates has been serving the...
Howden’s Aston Lark Acquires UK Broker Curtis Marine
Aug 29 2023 // Aston Lark, a Howden company, announced it has acquired Plymouth, UK-based marine insurance broker, Curtis Marine. Financial details of the deal were not disclosed. Curtis Marine will become part of Howden’s marine...
Signers National Acquires Eclipse Risk Insurance Services in California
Aug 24 2023 // Signers National acquired nonprofit insurance company Eclipse Risk Insurance Services in California. Signers National also acquired the nonprofit insurance firm Whittaker Agency in Illinois. The two new businesses will be...
Lamb Insurance Services Acquires Illinois-Based Whittaker
Aug 24 2023 // Signers National announced the acquisition of nonprofit insurance company Eclipse Risk Insurance Services and Whittaker Agency, which will be be run under Lamb Insurance Services, a member company and retail agency in the...
IBM Sells Weather Business to Private Equity Firm Francisco Partners
Aug 23 2023 // International Business Machines (IBM) has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. The sale includes The Weather...
Severe Weather Set to Boost US Disaster Funding Needs, FEMA Says
Aug 22 2023 // Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. Biden’s...
Gibson Acquires Brisk Advisors in Utah
Aug 21 2023 // Gibson has entered Utah through its acquisition of Brisk Advisors. The new Gibson Utah office is in Midvale. Brisk Advisors (formerly Insurance Network) has provided risk management and personal insurance solutions to...
Howden’s Aston Lark Ireland Agrees to Acquire Finance Solutions
Aug 21 2023 // Aston Lark Ireland, a Howden company, announced it has agreed terms to acquire Kegra Ltd., (trading as Finance Solutions), a Dublin-based mortgage broking specialist. Terms of the acquisition, which is subject to...
Oakbridge Acquires Georgia-based Cole Agency
Aug 21 2023 // Oakbridge Insurance Agency, one of the larger independent agencies in the country, has expanded again with the acquisition of the Cole Agency in Montezuma, Georgia. Cole has specialized in poultry insurance since 1989 but...
Agency M&A Down 24% in First Half 2023: OPTIS
Aug 21 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of the year was 359, down 24% from 475 during the same time last year. “The drop-off in...
Liberty Co. Brokers Secures $340M in Funding for Refinance, More Growth
Aug 18 2023 // Florida-based The Liberty Company, one of the largest property/casualty insurance brokers in the country, announced it had secured $340 million in loans to refinance debt and fuel new growth opportunities. The funding,...
World Acquires Wisconsin’s R&S
Aug 17 2023 // World Insurance Associates LLC announced that R&S Insurance Agency, Inc. (“R&S”) of Stoughton, Wisconsin has joined World as of August 1, 2023. Terms of the transaction were not disclosed. R&S has...
Specialist Risk Group Acquires UK’s Cheshire Insurance Brokers
Aug 17 2023 // Specialist Risk Group (SRG), the London-based insurance intermediary, has acquired Cheshire Insurance Brokers (CIB). Financial details of the transaction were not disclosed. Established in 2010 by Dominic Leach &...
More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance
Aug 17 2023 // Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the...
Towerstone Acquires Fortuna General Insurance Agency in California
Aug 17 2023 // Towerstone acquired Fortuna General Insurance in Simi Valley, California. The partnership allows the company to take advantage of Fortuna’s wide array of carrier and broker relationships and its expertise in the...
Risk Strategies Acquires Bisnett Insurance in Oregon
Aug 16 2023 // Risk Strategies acquired Bisnett Insurance in West Linn, Oregon. Bisnett Insurance offers commercial lines, personal lines and employee benefits products. The firm has operations in the Pacific Northwest including Oregon,...
Harford Mutual Completes Merger With Workers’ Compensation Writer ClearPath
Aug 16 2023 // Maryland-based commercial property/casualty insurer Harford Mutual Insurance Group announced that it has received final approval from the Maryland Insurance Administration of its merger with ClearPath Mutual Insurance Co.,...
