Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Career Certified Acquires Kansas-Based Licensing School A.D. Banker
Dec 13 2022 // Career Certified acquired A.D. Banker, a 43-year veteran provider of online education for Insurance (Pre-Licensing and Continuing Education) and Securities (Pre-Licensing). A.D. Banker provides a comprehensive offering for...
Network Merger: New Jersey Alliance’s 22 Agencies to Join Keystone Group
Dec 13 2022 // Keystone Insurers Group, the fourth largest insurance agency network, has agreed to merge New Jersey Agents Alliance (NJAA) into its nationally ranked network. Keystone said NJAA’s 22 owners/members unanimously...
Arthur J. Gallagher Acquires Minnesota-Based Mahowald
Dec 12 2022 // Arthur J. Gallagher & Co. announced the acquisition of St. Cloud, Minnesota-based Mahowald Insurance, LLC. Terms of the transaction were not disclosed. Founded in 1930, Mahowald is a retail insurance agency offering...
USI Acquires Indiana’s Ritman
Dec 12 2022 // USI Insurance Services announced the acquisition of Noblesville, Indiana-based Ritman & Associates Inc. (“Ritman”). Founded in 1989, Ritman specializes in the delivery of insurance solutions for lawyers and...
Ryan Specialty Agrees to Acquire Griffin Underwriting in Washington
Dec 12 2022 // Ryan Specialty signed a definitive agreement to acquire certain assets of Griffin Underwriting Services in Bellevue, Washington. The acquisition is expected to close in January 2023. Griffin Underwriting is a binding...
Jensten Acquires Specialist Motor Trade Broker Bellegrove
Dec 9 2022 // The Jensten Group, the London-based independent insurance broking group, has acquired specialist broker Bellegrove, providing the group with a significant presence across the UK motor trade and fleet insurance market. The...
Zurich Insurance Emerges as Front-Runner to Buy MetLife’s Malaysia Business
Dec 9 2022 // Zurich Insurance Group AG has emerged as the front-runner to buy a majority stake in the Malaysian insurance business of US insurer MetLife Inc. and Kuala Lumpur-listed AMMB Holdings Bhd., according to people with...
PCF Insurance Acquires Illinois F&I Firm Direct Dealer Services
Dec 8 2022 // PCF Insurance Services (PCF) has acquired Direct Dealer Services (DDS), an automotive finance and insurance (F&I) firm providing industry-leading technologies, products, solutions and training. Headquartered in Hoffman...
TWFG Insurance Acquires Ohio’s American Insurance Strategies
Dec 8 2022 // The Woodlands Financial Group subsidiary TWFG Insurance Services LLC, announced its acquisition of American Insurance Strategies, located in the Dayton, Ohio and Milwaukee, Wisconsin areas. AIS has $18 million in written...
Hub Acquires Assets of Invensure Insurance Brokers in California
Dec 7 2022 // Hub International Limited acquired the assets of Invensure Insurance Brokers Inc. in Irvine, California. Robert Parent, CEO, and Charlene Richards, Executive Vice President, and the Invensure team will join Hub Los...
BMS Acquires Spanish Specialty Broker Eisenar
Dec 7 2022 // BMS, London-based independent specialty insurance and reinsurance broker, announced it has signed a deal to acquire Eisenar, the Spanish specialty insurance broker. The terms of the acquisition were not disclosed. Eisenar...
Union Bay Acquires Pennsylvania’s LaBrozzi Insurance
Dec 6 2022 // Union Bay Acquisition, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired LaBrozzi Insurance Group, Inc. of Bradford, Pennsylvania. Terms were not disclosed. Debra LaBrozzi is the...
Xenia to Buy UK Trade Credit Insurance Broker Linda Scott Associates
Dec 6 2022 // Xenia Broking Group Ltd. (XBGL) announced it has agreed to acquire the trade credit insurance business of Linda Scott Associates Limited (LSA). The transaction is expected to complete on Dec. 22, subject to certain closing...
Texas Regional Bank Expands Into Insurance With Acquisition of Mission Duncan
Dec 5 2022 // Texas Regional Bank (TRB) announced the addition of insurance to its suite of financial services. TRB Insurance will offer a wide range of products and services, including home, auto, and life insurance, as well as...
Ardonagh Advisory Acquires UK Broker The Professional Indemnity Co.
Dec 5 2022 // Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, announced it has acquired The Professional Broking Group Ltd., which trades as The Professional Indemnity Co. Financial details of the deal were not...
Marsh McLennan Acquires McDonald Zaring in Washington
Dec 2 2022 // Marsh McLennan Agency acquired McDonald Zaring Insurance in Walla Walla, Washington. McDonald Zaring Insurance serves individuals and businesses across all industries and sizes, including agri-business, wineries, financial...
KKR Used Equity Rather Than Debt to Fund Acquisition of Broker April Group
Dec 2 2022 // KKR & Co.’s buyout of a French insurance broker is offering a window into the diminishing power of Wall Street’s vaunted leveraged finance machine. The buyout firm agreed to fund on its own the totality of...
Amwins Buys Franklin Street’s Arena Special Risks Wholesale Book
Dec 1 2022 // Amwins, an international distributor of specialty insurance products, has purchased Atlanta-based Arena Special Risks’ wholesale business from Franklin Street. The move will allow Franklin Street to concentrate on...
PCF Insurance Services Acquires Georgia-based VB@Work
Dec 1 2022 // PCF Insurance Services, one of the larger brokerage firms in the country, has acquired Georgia-based Voluntary Benefits at Work. VB@Work, as it is abbreviated, said it designs employee benefits packages that minimize...
Howden Acquires Australian Specialty Broker AlphaXO Risk Partners
Dec 1 2022 // Howden, the London-based insurance broker, announced it has increased its shareholding to 100% in AlphaXO Risk Partners, an Australian specialty insurance broker. Financial details of the deal were not...
