Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Accenture Acquires Illinois’ Blackcomb Consultants
Oct 4 2022 // Accenture has acquired Blackcomb Consultants, an independent Guidewire partner in North America. Terms of the transaction were not disclosed. The acquisition enhances Accenture’s ability to deliver Guidewire...
Hilb Group Acquires New York’s Abatelli Agency
Oct 4 2022 // The Hilb Group reports that it acquired New York-based Abatelli Insurance Agency on Sept. 1, further expanding its presence in the tri-state area. Based in Whitestone, New York, Abatelli Insurance Agency is a...
Ardonagh Europe Completes Acquisition of Dutch Broker Léons Group
Oct 4 2022 // Ardonagh Europe Ltd., a subsidiary of The Ardonagh Group, announced that it has completed the acquisition of Léons Group, an independent family-owned insurance brokerage and consultancy firm in the...
Scottish American Acquires Hawkeye Wholesale in Washington
Oct 3 2022 // Scottish American acquired Hawkeye Wholesale Insurance Services Inc. in Liberty Lake, Washington. Hawkeye was founded in 2012. It has capabilities of underwriting in California, Idaho, Oregon, Texas and...
Confie Acquires CoWest Insurance Group in Colorado
Oct 3 2022 // Confie acquired Colorado-based CoWest Insurance Group and the firm’s 30 insurance agency network. The acquisition underscores Confie’s plans to create an insurance agency network for independent agents within...
Australia’s AUB Completes Acquisition of Lloyd’s Broker Tysers from PE Firm Odyssey
Sep 30 2022 // Australia’s AUB Group Ltd. (AUB) announced it has completed its acquisition of leading Lloyd’s wholesale broker Tysers from Odyssey Investment Partners. The acquisition, which was first announced in May 2022,...
Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance
Sep 30 2022 // Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X has been a strategic investor in the Berlin-based insurtech company since 2016 and most...
Arthur J. Gallagher to Acquire M&T Bank’s Insurance Agency of Buffalo
Sep 30 2022 // Global insurance broker Arthur J. Gallagher & Co. has agreed to acquire Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corp. In connection with the transaction,...
PCF Acquires 1 Source Business Solutions in Utah
Sep 30 2022 // PCF Insurance Services acquired 1 Source Business Solutions in Salt Lake City, Utah. 1 Source Business Solutions is a professional employer organization specializing in employee benefits, payroll administration, HR...
Focus Acquires Ohio-Based Alpha Insurance Group
Sep 28 2022 // Focus Financial Partners, a partnership of independent, fiduciary wealth management firms, announced that it has entered into a definitive agreement under which Alpha Property & Casualty, Inc., a licensed insurance...
QBE Sells Irish Casualty Renewal Rights to Ascot, as Part of Phased Withdrawal
Sep 28 2022 // QBE announced the sale of select Irish casualty commercial insurance portfolios to the Ascot Group via a renewal rights transaction. The sale follows QBE’s decision earlier this year to conduct a phased withdrawal...
Acrisure Buys UK Broker CRK Commercial Insurance Services Ltd.
Sep 28 2022 // Acrisure, the fintech company that operates a top-10 global insurance broker, announced it had acquired CRK Commercial Insurance Services Ltd., the specialist commercial schemes provider. Financial details of the deal,...
Alliance 360˚ Acquires M.I. Insurance Solutions in California
Sep 28 2022 // Alliance 360˚ Insurance Solutions acquired M.I. Insurance Solutions, located in Cypress, California. M.I. Insurance Solutions was founded in 2005 as a joint venture between The J. Morey Company and Miyuki Inouye to...
Agency Aggregator Union Bay Acquires Farrell Insurance in Pennsylvania
Sep 22 2022 // Union Bay Acquisition, a new aggregator of insurance agencies agent based in Princeton, New Jersey, reports it has acquired Farrell Insurance Associates Inc. of Lansdale, Pennsylvania. Terms were not disclosed. Jerry...
Smart Choice Announces Acquisition of Carriage Hill Insurance and Key Leadership Appointments for Smart Choice Partners (SCP)
Sep 22 2022 // SCP identifies strategic agency acquisition opportunities that are complementary to Smart Choice’s existing network of over 9,500 independent agencies. GREENSBORO, NC., September 22, 2022— Smart Choice® announces...
PCF Insurance Buys Peak Performance Brokerage, its 112th Acquisition This Year
Sep 22 2022 // PCF Insurance Services, a burgeoning brokerage based in Utah, has acquired Peak Performance Team, a brokerage that offers financing and insurance packages to automobile dealers in the United States. PPT, headquartered in...
Hong Kong Insurer AIA in Talks to Buy Philippine’s MediCard: Sources
Sep 22 2022 // AIA Group Ltd. is in advanced talks to acquire MediCard Philippines Inc., people familiar with the matter said, as the insurance giant seeks to boost its presence in Southeast Asia. AIA and MediCard are finalizing the...
RB Jones Acquires ‘Smart’ Ocean Cargo Business From Corvus
Sep 21 2022 // Specialty risk broker RB Jones announced its marine and energy division has acquired the Smart Cargo Insurance business from Boston-based managing general agent Corvus Insurance. The Corvus ocean cargo product offers an...
Smart Choice Makes Tennessee Agency Its 22nd Acquisition
Sep 20 2022 // Smart Choice, a network of independent agents, has acquired Carriage Hill Insurance, an agency in Tennessee. The agency has $4 million in annual revenue, with offices in Lenoir City, Oak Ridge, Brentwood and Athens,...
Acrisure Acquires Illinois’ B2Z Insurance
Sep 19 2022 // Acrisure announced it has acquired B2Z Insurance, a digitally native company that helps business owners obtain customizable insurance coverage in minutes. The acquisition of B2Z strengthens Acrisure’s digital...
