Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Aston Lark Acquires UK Broker AJ Insurance Service
Aug 24 2022 // Aston Lark, a Howden company, announced the acquisition of AJ Insurance Service Ltd. Financial details of the deal were not disclosed. Based in Tilbury in Essex, England, AJ Insurance Service was established in 1979 by...
Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay
Aug 22 2022 // At-Bay, the San Francisco-based insurtech and managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance...
PCF Acquires John E. Peakes Insurance Agency in California
Aug 19 2022 // PCF Insurance Services acquired John E. Peakes Insurance Agency Inc. in Ventura, California. John E. Peakes is a family-owned, personal lines agency. They offer personal, business, gym, fitness studios, restaurants, and...
Global M&A Hits 10-Year High, Says Clyde & Co.
Aug 18 2022 // The volume of global insurance industry mergers and acquisitions reached a 10-year high in the first half of 2022, up 9.5% from the same six months a year ago. According to Clyde & Co’s Insurance Growth Report...
Georgia’s MagMutual to Acquire New Jersey-Based MDAdvantage Insurance
Aug 17 2022 // MagMutual Insurance Co. and MDAdvantage Holdings Inc. have reached an agreement for MagMutual, headquartered in Atlanta, to acquire MDAdvantage Insurance Co., based in New Jersey. MDAdvantage, according to AM Best, is one...
Ocean Re Buys UK-Based Oceva Risk Solutions
Aug 17 2022 // Ocean International Reinsurance Co. Ltd. (Ocean Re), a Barbados-based reinsurer, announced it has acquired Oceva Risk Solutions Ltd., a London appointed representative that sources reinsurance, insurance, fronting and risk...
$12M in Emergency Funding for Death Valley Flood Repairs
Aug 17 2022 // Nearly $12 million has been made available to the National Park Service to repair flood damage to roads in Death Valley National Park, the U.S. Department of Transportation’s Federal Highway Administration said. Most...
Applied Systems Acquires Tarmika
Aug 16 2022 // Applied Systems said it has acquired Tarmika, a leading commercial lines rating solution that streamlines small business insurance. This complementary acquisition will expand Applied’s commercial quoting and...
Jensten Group Buys UK-Based Broker J. Bennett & Son
Aug 16 2022 // The Jensten Group, the London-based independent insurance broking group, has acquired J. Bennett & Son Insurance Brokers, based in High Wycombe, England, and its Oxford-based subsidiary, Mathews Comfort & Co., for...
Coalition to Now Offer Cyber Policies With Acquisition of Admitted Carrier
Aug 15 2022 // Coalition said it received regulatory approval and completed the acquisition of Digital Affect Insurance Company from Munich Re Digital Partners US Holding Corporation. Digital Affect Insurance Company is a property and...
$16 Million Part of Federal Funding to Aide Florida with Affordable Housing
Aug 15 2022 // The U.S. government is providing almost $12 million to help residents pay rent and mortgages in south Florida, a place that has been called the epicenter of the nation’s affordable housing crisis. The South Florida...
Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims
Aug 15 2022 // Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change, according to Fitch...
Hub International Acquires Canada Broker Jaimac Risk Management
Aug 15 2022 // Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced it has acquired Jaimac Risk Management Inc. Terms of the transaction were not disclosed. Located in Ottawa, Ontario,...
Biden Admin Announces $3 Billion in FEMA Climate Resilience Funding
Aug 12 2022 // The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by climate change. Funding...
Hub Buys Delaware’s KT&D
Aug 12 2022 // Insurance broker Hub International Limited has acquired KT&D, Inc. in Wilmington, Delaware. Terms of the transaction were not disclosed. KT&D provides multi-line insurance services, including medical malpractice,...
Cross Insurance Acquires Maine Insurance Agency
Aug 12 2022 // Cross Insurance reported it has acquired Maine Insurance Agency of Portland. The acquisition of Maine Insurance Agency, a fifth-generation family-owned business, expands the coastal region division of Cross. Founded in...
Inszone Acquires Missouri’s First Bosnian Insurance
Aug 11 2022 // Inszone Insurance Services announced the acquisition of First Bosnian Insurance, providing the second acquisition in the state of Missouri. First Bosnian Insurance opened in 2005 with the goal of helping the growing...
Higginbotham Adds Another with Acquisition of Holman in Georgia
Aug 11 2022 // Higginbotham, an independent insurance and human resources firm, has kept up its pace of steady growth with the recent acquisition of Georgia-based Holman and Co., a broker of commercial and personal lines property and...
Arthur J. Gallagher Acquires Evergreen Insurance Managers in Oregon
Aug 11 2022 // Arthur J. Gallagher & Co.’s Risk Placement Services Inc. acquired Hillsboro, Oregon-based Evergreen Insurance Managers Inc. Dyan Bates, Nancy Schultz and their associates will remain in their current...
IMA Group Acquires Mollie Kallen Case Management
Aug 10 2022 // The IMA Group, a provider of independent medical examinations and case management in workers’ compensation, continues to expand with its acquisition of Florida-based Mollie Kallen Case Management. The terms of the...
