Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal
Feb 8 2023 // Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 billion. As part of the...
Louisiana Lawmakers Approve $45M in Funding to Draw Insurers to State
Feb 6 2023 // BATON ROUGE, La. (AP) – A $45 million funding bill to address soaring homeowner insurance rates in hurricane-battered Louisiana was overwhelmingly approved by Louisiana lawmakers Friday and sent to Gov. John Bel Edwards...
Tesla’s Elon Musk Found Not Liable in Trial Over 2018 ‘Funding Secured’ Tweets
Feb 6 2023 // A U.S. jury on Friday found Tesla Inc. CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had “funding secured” to take the electric car company...
Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200
Feb 3 2023 // Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million. The deal was first announced in September 2022. Westfield said this...
Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners
Feb 3 2023 // Amwins Global Risks, the London-based international arm of global specialty insurance broker Amwins, announced the acquisition of Roberts Armytage & Partners (RAP), the specialist, energy and marine-focused London...
PCF Acquires Louisiana’s Oak Point Risk Advisors
Feb 2 2023 // PCF Insurance Services (PCF) has acquired Oak Point Risk Advisors, a niche risk management and insurance agency focusing on commercial insurance for the maritime, oil and gas, and construction industries. Ronny Sternfels,...
New Zealand Provides NZ$700,000 in Additional Funding for Post-Flood Rebuilding
Feb 2 2023 // New Zealand’s government on Thursday announced NZ$700,000 ($450,000) in additional funding to help rebuild flood-ravaged Auckland and other areas in the upper north island as residents of the country’s...
Davies Acquires Illinois’ MVP
Jan 31 2023 // Davies announced the acquisition of MVP Advisory Group, LLC (“MVP”), the consulting business specializing in advisory & transformation projects for the property & casualty and life & health...
Inszone Acquires Texas’ Austin Insurance
Jan 27 2023 // Inszone Insurance Services announced the acquisition of Austin Insurance. Established in 2005 by Cole Austin, Austin Insurance has provided insurance services in Grand Prairie, Texas for over a decade. Operations for...
‘A Tale of Two Halves’ for 2022’s Insurance Mergers and Acquisitions
Jan 27 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 and...
Risk Strategies Buys Tanenbaum-Harber Agency in Florida
Jan 27 2023 // Risk Strategies, a national insurance brokerage, has acquired Florida’s Tanenbaum-Harber, a risk management and insurance advisor. Based in Miramar, Florida, Tanenbaum-Harber traces its beginnings to 1860, the...
Alera Group Acquires Hackney Agency in North Carolina
Jan 27 2023 // Alera Group, an independent insurance and wealth management firm, has acquired the John Hackney Agency in North Carolina. Hackney, with offices in Wilson, in the eastern part of the state, was founded in 1895 by the...
Alera Group Acquires Collective:Choice in California
Jan 25 2023 // Alera Group acquired Collective:Choice Insurance Solutions in Westminster, California. The Collective:Choice team will continue serving clients in their existing roles. Collective:Choice was created in 2006 to provide a...
At-Bay Acquires Licensed P&C Insurance Carrier
Jan 24 2023 // Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier. “This milestone will allow us to accelerate...
Union Bay Acquires Franchino Agency in New Jersey
Jan 24 2023 // Union Bay Acquisition, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired Franchino Agency, Inc. Hillsborough, New Jersey. Terms were not disclosed. Franchino Agency, headed by Gabe...
Arthur J. Gallagher & Co. Acquires Texas’ Remco
Jan 23 2023 // Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services, Inc. (RPS), has acquired Austin, Texas-based Remco Insurance Agencies, Inc. Terms of the transaction were not disclosed. With roots...
NFP Acquires UK’s Direct Safety Solutions
Jan 23 2023 // NFP, the New York City-based property/casualty insurance broker and consultant, announced it has acquired Direct Safety Solutions Ltd., a UK-based health and safety consultancy. Financial details of the deal were not...
2022 M&A Activity Falls, But Still Could Rank as Second Highest On Record: Report
Jan 23 2023 // Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped overall this year, according to an S&P Global Market...
TWIA to Determine Probable Maximum Loss for 2023 Storm Funding
Jan 19 2023 // The Texas Windstorm Insurance Association (TWIA) Board is meeting Thursday, Jan. 19 to determine funding for probable maximum loss (PML) for the 2023 storm season. TWIA is statutorily required to purchase enough...
Relation Acquires Texas’ Laird
Jan 19 2023 // Relation Insurance Services, Inc. has acquired the assets of Kilgore, Texas-based Laird Insurance Agency. The transaction went into effect on January 3, 2023; terms of the transaction were not disclosed. Laird offers a...
