Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
AXA Sells Stake in Monte dei Paschi After Providing Cash Call Support
Feb 28 2023 // AXA said on Monday it was selling virtually all of the 8% stake in Monte dei Paschi di Siena acquired when it invested into a make-or-break new share issue at the state-owned Italian bank. AXA paid 200 million euros in...
World Insurance Acquires Durfee Buffinton in Massachusetts
Feb 27 2023 // National insurance broker World Insurance Associates reports it acquired the business of Durfee Buffinton Insurance Agency, Inc. of Fall River, Massachusetts. Terms of the December 31, 2022 transaction were not...
U.S. Supreme Court to Hear Fight Over Consumer Watchdog Agency’s Funding
Feb 27 2023 // The U.S. Supreme Court on Monday agreed to decide whether the Consumer Financial Protection Bureau’s funding structure established by Congress violates the U.S. Constitution in a case that President Joe Biden’s...
ALKEME Acquires ACW Group in Hawaii
Feb 23 2023 // ALKEME acquired the ACW Group in Honolulu, Hawaii. ACW Group is headquartered out of Oahu, with California offices in San Francisco and La Quinta. It was established in 2009 by Russell Akamine, Kirk Christman and Jeffrey...
SterlingRisk Acquires Worldwide Insurance in Florida
Feb 23 2023 // New York-based SterlingRisk, a privately held insurance broker, has acquired Worldwide Insurance Group, headquartered in Coral Gables, Florida. Ruidiaz Worldwide’s founder and president, Anthony Ruidiaz, will become...
XPT Specialty Acquires Texas’ Craig & Leicht
Feb 22 2023 // XPT Specialty announced the acquisition of Texas-based wholesale agency Craig & Leicht. Founded by Amy Leicht-Craig and former TSLA president Matt Leicht, CIC, CPCU, ASLI, Craig & Leicht has earned a strong...
Tysers Sells Bloodstock Broking Team and Bloodstock Managing Agent to Howden
Feb 22 2023 // Tysers, the independent Lloyd’s broker and part of AUB Group, announced the sale of its bloodstock broking team and the bloodstock managing agent, Galileo, to Howden. “We had built an exceptional bloodstock...
Swedish MGA Brookfield Underwriting Acquired by Broking Group Säkra
Feb 21 2023 // Brookfield Underwriting, the specialist Stockholm-based high net worth managing general agent, announced it has been acquired by Säkra, one of Sweden’s largest insurance intermediaries, which itself has just been...
FWD to Buy Majority Stake in Malaysian Insurer Ahead of Planned IPO
Feb 20 2023 // FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has agreed to buy a majority stake in Gibraltar BSN Life Bhd., a move that allows it to tap into the Southeast Asian...
‘A Tale of Two Halves’ for Insurance Mergers, Acquisitions in 2022
Feb 20 2023 // Last year was a tale of two halves for insurance mergers and acquisitions. OPTIS Partners reports 987 agency mergers and acquisitions were announced in 2022 — down 8% from 2021. A significant rise in interest rates...
Goose Insurance Closes $4M Series A Funding Round
Feb 17 2023 // Goose Insurance Services announced that it closed a $4 million Series A funding round led by Axis Insurance Managers, with participation from Impression Ventures, Real Ventures, and Manchester Story. The Vancouver-based...
Stone Point to Acquire Stake in Truist Insurance for Nearly $2B
Feb 16 2023 // Truist today said it has agreed to sell a 20% stake its insurance brokerage business to private equity firm Stone Point Capital for $1.95 billion. Mubadala Investment Company and other co-investors are participating with...
Krause Acquires LTCI Brokerage Services in California
Feb 16 2023 // Krause Brokerage Services, LLC acquired USA-LTC in California. USA-LTC is a brokerage firm that specializes in long-term care insurance, including employer-sponsored worksite LTCI for businesses offering LTCI as a benefit...
Holman Acquires Texas’ Park Wood Managers
Feb 15 2023 // Holman, a global automotive services organization, today announced the acquisition of Plano, Texas-based Park Wood Managers, a leading underwriter and insurance provider for commercial trucking fleets. The addition of Park...
BMS Acquires Spanish Broker Viafina, a Surety Insurance Specialist
Feb 14 2023 // BMS, the London-based independent specialty re/insurance broker, announced that BMS Iberia has signed a deal to acquire Seguros Viafina (Viafina), the Spanish specialty insurance and reinsurance broker. The acquisition is...
Risk Strategies Acquires High-Net Worth Broker Bullen Group
Feb 13 2023 // National specialty insurance broker Risk Strategies reports it has acquired Bullen Insurance Group, a national specialist focused on high-net-worth families, individuals and their businesses. Bullen operates five offices...
Howden’s Aston Lark to Acquire UK Broker Allegiance Insure
Feb 13 2023 // Aston Lark, a Howden company, announced it has agreed terms to acquire the independent broker Allegiance Insure Ltd. Financial details of the deal were not disclosed. London-based Allegiance Insure was established by...
Hilb Buys Nowell in Mississippi, Alkeme Acquires PEO Exchange in Florida
Feb 10 2023 // Hilb Group Buys Nowell Agency in Mississippi The Hilb Group has expanded into Mississippi with the acquisition of The Nowell Agency, the property insurance brokerage and benefits firm announced. The Nowell Agency has...
Specialty MGA UK Acquires Commercial ForestRe Team from Globe Underwriting
Feb 9 2023 // Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has acquired the ForestRe team from Globe Underwriting, the UK-based MGA. Financial...
Granada Financial Agrees to Acquire Controlling Interest in Topa Insurance Group
Feb 9 2023 // Granada Financial Group said it has entered into a definitive agreement to acquire the controlling interest in Topa Insurance Group from long-time owner, Anderson Holdings. The transaction is subject to customary closing...
