Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Canada’s Crackdown on Trucker-Protest Funding May Be Challenge for Insurers, Banks
Feb 18 2022 // Canada roped in banks to help cut funding to protesters against COVID-19 mandates this week, but the requested speed and broad scope of the measures leaves financial institutions to their own devices in enforcing most of...
Risk Strategies Acquires Joyce Insurance in Pennsylvania
Feb 17 2022 // Specialty insurance brokerage Risk Strategies has acquired the retail brokerage operations and assets of Joyce Insurance Group and associated businesses in Pittston, Pennsylvania. The acquisition of Joyce Insurance Group...
Canadian Pension Fund CDPQ to Buy Stake in Cyber-Security Firm ESentire: Sources
Feb 17 2022 // ESentire Inc., a cyber-security company backed by private equity firm Warburg Pincus, has struck a deal to sell a stake to two investment firms at a $1.2 billion valuation, according to people familiar with the...
The Liberty Company Acquires Babcock in California
Feb 17 2022 // The Liberty Insurance Brokers acquired R.W Babcock Insurance Brokerage Inc. in Pleasanton, California. Founded in 2013 and led by Rob Babcock, R.W. Babcock Insurance specializes in insurance, surety, and various services...
AXA Insurance UK Buys Ageas UK’s Commercial Business Renewal Rights
Feb 16 2022 // AXA Insurance UK announced the acquisition of the renewal rights to Ageas UK’s commercial business for an initial consideration of £47.5 million (US$64.3 million). The deal will see Ageas’ Commercial lines...
AXA Consortium in Talks to Buy Stake in Orsted’s UK Offshore Wind Farm
Feb 16 2022 // Denmark’s Orsted A/S is in talks with a consortium that includes AXA SA and a Credit Agricole SA unit to sell a stake in a large wind farm off the east coast of England, according to people familiar with the...
Insurtech bolttech Buys Singapore-Based Specialist Broker AVA Insurance
Feb 16 2022 // bolttech has completed the acquisition of AVA Insurance Brokers and AVA Insurance Agency, a Singapore-based specialist broker and insurance intermediary. The acquisition follows bolttech’s completion of its US$247...
Higginbotham Acquires HR Services Firm WhitneySmith in Texas
Feb 15 2022 // Higginbotham has acquired Fort Worth, Texas-based WhitneySmith Company, a provider of HR advisory services. WhitneySmith will expand the service capacity of Higginbotham’s HR Services division while giving...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
Feb 15 2022 // There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a...
Liberty Company Insurance Brokers Acquires LAGG in Arizona
Feb 15 2022 // The Liberty Company Insurance Brokers acquired LAGG in Mesa, Arizona. LAGG was formed in 2016 by Rick Mascolino. The agency helps its clients in construction, transportation and personal lines. The Liberty Company...
Oregon Getting $262M in Wildfire Recovery Funding
Feb 15 2022 // The U.S. Forest Service in Oregon will receive more than $262 million in federal disaster funding to help with wildfire recovery. Oregon Public Broadcasting reported the money is part of a $1.1 billion disaster assistance...
Takeaways from Our Conversation on More M&As, Cannabis ‘Frappucinos’ on Tap for 2022
Feb 14 2022 // Powered by InsuranceJournal.tv New Frontier Data, a producer of cannabis research and intelligence, released its “22 for 22 Report,” in January, which imparts a definitive air of optimism mixed with few...
World Insurance Acquires Allied Partners in Maryland-District of Columbia Area
Feb 11 2022 // World Insurance Associates said it acquired Allied Partners Insurance Inc. of Gaithersburg, Maryland on February 1, 2022. Terms of the transaction were not disclosed. Allied Partners Insurance, Inc. was established in...
Antelope Acquires Digital Pet Insurance Provider Doggo
Feb 10 2022 // Pet wellness platform Antelope has acquired Doggo Insurance, a digital pet insurance provider. Doggo is available in all 50 states and is in partnership with Crum & Forster Pet Insurance Group, based in Akron, Ohio....
Relation Insurance Acquires Sleeper Sewell Insurance in Texas
Feb 10 2022 // Relation Insurance Services, a national insurance agency based in California, has acquired the assets of Dallas, Texas-based Sleeper Sewell Insurance, the company announced Thursday. Terms of the deal were not disclosed....
Hilb Group Acquires Pennsylvania’s Wharton Surety Consultants
Feb 10 2022 // The Hilb Group announced that it has acquired Wharton Surety Consultants, expanding its growing presence in the Philadelphia area. The transaction became effective December 31, 2021. Based in Wayne, Pennsylvania, Wharton...
Risk Strategies Buys Gehring Group in Florida
Feb 10 2022 // Risk Strategies, a national brokerage and risk management firm, announced it has acquired the Gehring Group, an employee benefits and risk consulting firm. Based in Palm Beach Gardens, Florida, Gehring provides risk...
Inszone Acquires Risco Insurance Services in California
Feb 9 2022 // Inszone Insurance Services acquired Risco Insurance Services Inc. in South Gate, California. The firms will merge and operate under the Inszone Insurance brand going forward. The Risco Insurance team will transition over...
Texan Insurance Acquires Texans Insurance & Financial Group
Feb 9 2022 // Texan Insurance acquired Texans Insurance & Financial Group, Inc. in an all-cash transaction effective Dec. 30, 2021. Founded in 1991 in Sugarland, Texas, Texans Insurance & Financial Group (TIFG) is an...
Truist Insurance to Acquire Title Insurance Agency Kensington Vanguard
Feb 9 2022 // Charlotte, North Carolina-based Insurance broker Truist Insurance Holdings, Inc. reports it has agreed to acquire the national title insurance agency Kensington Vanguard National Land Services. The transaction expands...
