Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires Australia’s Mavco Insurance Group
May 16 2023 // Arthur J. Gallagher & Co. announced the acquisition of Perth, Western Australia-based Mavco Insurance Group. Terms of the transaction were not disclosed. Mavco is a general insurance broker and risk management firm...
Texas Windstorm Insurance Group Getting Update on Cat Funding for 2023 Season
May 15 2023 // The Texas Windstorm Insurance Association Board of Directors will meet at the Austin Marriott South on May 23 at 9 a.m. In addition to the TWIA board’s consideration of routine association updates, the board will...
Hylant Expands with Acquisition of Aegis Insurance in Georgia
May 11 2023 // Hylant, one of the largest privately held insurance brokerages, announced it has acquired Aegis Insurance Services Inc. of Alpharetta, Georgia, a broker and agency specializing in the moving and storage industry. Aegis,...
Insurtech Funding Up 38% Over Q4 2022: Gallagher Re
May 11 2023 // Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the...
Alliant Acquires Texas’ McAnally Wilkins
May 11 2023 // Alliant Insurance Services has acquired McAnally Wilkins, LLC, a leading provider of property and casualty (P&C) insurance solutions for the oil and gas service industry. Based in Odessa, Texas, McAnally Wilkins...
Alera Group Acquires Texas-Based Sheridan
May 10 2023 // Alera Group, a national insurance and wealth services firm, announced the acquisition of Austin, Texas-based Sheridan Insurance Group, a team of experienced professional liability specialists helping meet the insurance and...
Antitrust Enforcers Are Chilling Big Mergers
May 10 2023 // The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never making it past the boardroom as executives fear lengthy and expensive...
Gallagher Re: US Leads Insurtech Investments, Funding Continues Healthy Climb
May 10 2023 // Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the...
Surprising Truths About Mergers and Acquisitions in Insurance
May 10 2023 // This post is part of a series sponsored by AgentSync. Mergers and acquisitions (M&A) are always a hot topic in insurance. From small agencies hoping to get acquired, large agencies hoping to get larger, or carriers...
Brown & Brown Buys Brownlee Agency in Georgia
May 10 2023 // Brown & Brown has acquired Georgia-based Brownlee Agency, one of the oldest insurance agencies on Florida’s east coast. Terms of the deal were not disclosed, the companies said in a news release. Founded in 1974...
Towers Watson Hits Bump in Road to $80M Insurance for D&O Claims Over Willis Merger
May 10 2023 // A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related to the merger between...
G&G Acquires Missouri’s Robbins Insurance Group
May 9 2023 // G&G Independent Insurance announced the acquisition of Branson, Missouri-based Robbins Insurance Group. The transaction became effective on May 1, 2023. G&G Independent Insurance has been serving the insurance...
Confie Acquires Miami-based Estrella Insurance
May 9 2023 // Confie, one of the largest personal lines insurance distribution companies in the U.S., has acquired Miami-based Estrella Insurance, a firm that has 190 offices in five states. “Estrella has built a strong...
Novidea Raises $50 Million in Series C Funding
May 8 2023 // Novidea announced it raised $50 million in Series C funding, led by Battery Ventures with participation from Cross Creek – both new investors – and the company’s existing investors, Israel Growth Partners (IGP),...
Lockton Acquires THB Brazil From Amwins
May 8 2023 // Lockton, the privately held insurance broker and consultancy, announced it has acquired THB Brazil from Amwins, the independent wholesale distributor of specialty insurance products in the U.S. Terms of the transaction...
Maury, Donnelly Acquires CANUSA Insurance in Sarasota
May 5 2023 // Maury, Donnelly & Parr, a Maryland-based broker and risk consultant that’s almost 150 years old, has acquired CANUSA Insurance Services in Sarasota, Florida. The merger marks a continued expansion by MDP, which...
Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding
May 4 2023 // Chubb CEO Evan Greenberg said 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...
Arthur J. Gallagher Acquires Leavitt Insurance Services’ Los Angeles Office
May 4 2023 // Arthur J. Gallagher & Co. acquired Woodland Hills, California-based Leavitt Insurance Services of Los Angeles. Teri Frankel, Kenneth Blaich and their team will remain in their current location under the direction of...
Arthur J. Gallagher & Co. Acquires Switzerland’s AccurART
May 4 2023 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Switzerland-based AccurART. Terms of the transaction were not disclosed. AccurART is a specialist fine arts...
Specialist Risk Group (SRG) Acquires Medical Liability MGA, The MPLC
May 4 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of the managing general agent, The Medical Professional Liability Co. Ltd. (The MPLC), subject to regulatory approval. Financial...
