Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Germany’s Talanx Buys Liberty Mutual’s Latin American Business for 1.38 Billion Euros
May 30 2023 // Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition...
Inszone Acquires Specialty Contractors Insurance Services California
May 26 2023 // Inszone Insurance Services acquired Specialty Contractors Insurance Services. Specialty Contractors Insurance Services has predominantly served business owners and contractors. It is headquartered in Sacramento,...
Brown & Brown Agrees to Buy UK Parent of Nexus Underwriting, Xenia Broking
May 24 2023 // Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire Kentro Capital Ltd. in the UK. The transaction is expected to close in the fourth quarter of 2023, subject...
Arthur J. Gallagher Acquires Florida’s Ken Brown Brokerage
May 24 2023 // Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, said it has acquired Florida-based Insurance by Ken Brown Inc., a retail broker specializing in coverage for construction and swimming pool...
TWIA Finalizes Funding for 2023 Storm Season
May 24 2023 // The Texas Windstorm Insurance Association Board of Directors met in Austin Tuesday to finalize financial preparations for the 2023 storm season. The Board previously established $4.5 billion as the association’s...
Ryan Specialty to Acquire Socius Insurance
May 24 2023 // Ryan Specialty said it has signed a definite agreement to buy national wholesale broker Socius Insurance Services from Abry Partners, employees, and other shareholders. Socius will become a part of RT Specialty, Ryan...
Update: Activist Investor Cevian Sells Entire Stake in UK Insurer Aviva
May 24 2023 // Activist investor Cevian Capital has sold down its entire stake in British insurer Aviva, ending its campaign to drive up investor payouts at the FSTE 100 company. Cevian said in a statement that Amanda Blanc and her...
Travel Insurtech Faye Raises $10M in Series A Funding
May 23 2023 // Travel insurance startup Faye said it raised $10 million in series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18M. The round was led by Munich Re Ventures...
Compre Group Buys SUNZ’ Workers’ Comp Portfolio
May 22 2023 // Compre Group Holdings, a Bermuda-based firm that specializes in acquiring and managing discontinued insurance and reinsurance businesses, has purchased the workers’ compensation portfolio from SUNZ Insurance Co. for...
Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding
May 22 2023 // Chubb CEO Evan Greenberg says society and the business community need to start asking questions regarding the purpose of third-party litigation funding, a major contributor to increases in frequency and severity within...
Second Round of Insure Louisiana Incentive Program Canceled; Additional Funding Awaits
May 19 2023 // The second application period for the Insure Louisiana Incentive Program was canceled this week as the Louisiana Department of Insurance (LDI) waits on lawmakers to appropriate more funding for the program. The 30-year day...
Arthur J. Gallagher Subsidiary Acquires Dublin’s Allied Risk Management
May 18 2023 // Dublin-based Allied Risk Management has been acquired by Artex Risk Solutions Inc, a captive and alternative risk transfer solutions subsidiary of Arthur J. Gallagher & Co. Terms of the transaction were not disclosed....
ALKEME Acquires Infinity Insurance Group in Idaho
May 18 2023 // ALKEME acquired the Infinity Insurance Group in Idaho. Infinity Insurance is an insurance agency with offices in Post Falls. Infinity Insurance broke away from its parent company in 2010 and has focused on providing auto,...
World Insurance Associates Acquires Morris Insurance Group in Michigan
May 18 2023 // World Insurance Associates LLC acquired the business of Morris Insurance Group Inc. of Clinton Township and Rochester, Michigan Morris is an insurance agency providing personal insurance, commercial insurance and health...
Risk Strategies Acquires Combined Underwriters of Miami
May 17 2023 // Risk Strategies, a specialty insurance brokerage with national reach, has acquired Combined Underwriters of Miami, an independent agency that offers commercial and personal insurance and benefits products in south...
Acrisure Acquires Portuguese Broker Universalis
May 17 2023 // Acrisure, the Grand Rapids, Mich.-based insurance broker and fintech specialist, announced it has signed an agreement to acquire one of Portugal’s leading insurance brokers, Universalis (trademark of Corpos –...
Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round
May 17 2023 // Wefox Holding AG, an insurance-technology firm based in Berlin, raised $110 million to build a platform that will make its technology available to other insurers. JPMorgan Chase & Co. and Barclays Plc provided half the...
Specialist Risk Group Acquires UK Specialist Broker TLO Risk Services
May 17 2023 // Specialist Risk Group (SRG), the London-based insurance broker, has acquired TLO Risk Services, the professional risk specialist broker, which will play an integral role in the development of SRG’s professional lines...
Arthur J. Gallagher Acquires RHP General Agency in Texas
May 17 2023 // Arthur J. Gallagher & Co. subsidiary Risk Placement Services Inc. acquired Houston, Texas-based RHP General Agency Inc. Greg Vanek and his team will remain in their current location under the direction of Russell...
Property Insurer SageSure Turns ‘Unicorn’ After $250M Funding Round
May 16 2023 // SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar with the matter told Reuters. A unicorn is a startup that is valued at or above $1...
