Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer
Jan 7 2022 // Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition, Fortitude Re’s subsidiary, Fortitude Reinsurance Co. Ltd. (FRL), Bermuda’s largest...
Alera Group Acquires Michigan’s Gales Agency
Jan 7 2022 // Alera Group has acquired Gales Agency, Inc., an independent insurance agency providing a full line of insurance products including home, business, auto and life insurance policies to protect families. Gales Agency, Inc.,...
Hub International Acquires Maryland’s Raffa Financial
Jan 7 2022 // Hub International, an insurance brokerage firm, announced it has acquired Maryland-based Raffa Financial Services, an insurance and benefits brokerage and consulting firm. Terms of the deal were not disclosed. Raffa,...
Charles Taylor Acquires Kentucky-based Underwriters Safety & Claims
Jan 6 2022 // Charles Taylor, a claims management and insurtech firm, announced it has acquired Kentucky-based Underwriters Safety & Claims, a third-party administrator. US&C, headquartered in Louisville but with offices around...
UK Broker Aston Lark Buys Phoenix Healthcare in 2nd UK Acquisition of 2022
Jan 6 2022 // Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced Phoenix Healthcare (UK) as the latest addition to the group. Established in 1996 in Oadby, Leicester, Phoenix Healthcare is a...
Optio Acquires Warranty & Indemnity-MGA Brockwell Capital
Jan 5 2022 // Optio Group, a London-based specialty MGA focused on emerging insurance risks, announced it has acquired Brockwell Capital Ltd., a leading warranty & indemnity MGA, for an undisclosed sum. Brockwell, an approved...
World Insurance Associates Acquires Kansas’ Safety Consulting
Jan 5 2022 // World Insurance Associates has acquired Safety Consulting, Inc. of Topeka, Kansas. Founded in 1971, Safety Consulting, provides loss control and risk management services that include safety training, site inspections, and...
Hilb Group Buys Interest in Tennessee-based Churchill Agency
Jan 5 2022 // The Hilb Group announced it has acquired membership interest in the Churchill Agency, based in Brentwood, Tennessee. The Hilb Group is a property and casualty and employee benefits insurance brokerage headquartered in...
Renaissance Alliance Acquires New Jersey, California Agency Networks
Jan 5 2022 // Insurance agency network Renaissance Alliance has acquired two other agency networks, one in New Jersey and another in California. Massachusetts-based Renaissance, which calls itself the “agency growth engine,”...
Acrisure Acquires Wholesaler Appalachian Underwriters
Jan 5 2022 // Financial services distribution firm Acrisure has acquired Appalachian Underwriters, a national managing general agency and third-party administrator, along with its affiliated entities. Oak Ridge, Tennessee-headquartered...
Canada’s Western Financial Group Buys Ontario Insurance Brokerage Wiesner Insurance
Jan 5 2022 // Canadian insurance broker Western Financial Group has acquired Wiesner Insurance Inc., a high-end full-service insurance brokerage located in southern Ontario. Originally founded in 1991 by Jason Wiesner, Wiesner Insurance...
MountainOne Acquires Cross Insurance Branch in Pittsfield, Massachusetts
Jan 5 2022 // MountainOne Insurance Agency, based in northwestern Massachusetts, has acquired the Cross Insurance agency branch in nearby Pittsfield. The company said in a news release that it plans to keep all of the Cross Insurance...
Zurich Acquires Texas-Based Special Insurance Services
Jan 4 2022 // Zurich American Insurance Company, a subsidiary of Zurich Insurance Group, has completed the acquisition of Special Insurance Services, Inc., a Texas-based program manager that develops, underwrites, distributes and...
Business Moves: Gallagher, Acrisure, Liberty Acquire New Firms
Jan 4 2022 // Gallagher Buys PEO Insurer in Florida Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, announced that it has acquired Florida-based Risk Transfer Agency. The 22-year-old agency, with...
UK Broker Aston Lark Acquires Mainstay Insurance
Jan 4 2022 // Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced the acquisition of UK broker Mainstay Insurance. Financial details of the transaction were not disclosed. Founded in 2013 by...
World Insurance Associates Acquires Pennsylvania’s PLA Insurance Services
Jan 4 2022 // World Insurance Associates LLC (WIA) acquired PLA Insurance Services (PLA) of Harrisburg, Pennsylvania, on December 1, 2021. Terms of the transaction were not disclosed. PLA is a full-service, multi-solution insurance...
Cyber Insurtech Corvus Buys Lloyd’s Coverholder Tarian Underwriting Ltd.
Jan 4 2022 // Corvus Insurance, the Boston-based, cyber-focused managing general agent, announced it has acquired Tarian Underwriting Ltd. from Beat Capital Partners Ltd. Tarian operates a cyber underwriting platform that provides cyber...
Brown & Brown Acquires Texas’ Harco Insurance Services
Jan 3 2022 // Brown & Brown Lone Star Insurance Services, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Texas-based Harco Insurance Services. With roots dating back to 1969, Harco is...
China Approves HSBC Acquisition of 100% of Insurer Joint Venture
Dec 30 2021 // HSBC said on Thursday it had received regulatory approval in China to take full ownership of its life insurance joint venture in the country, as it continues to expand its non-core banking services. HSBC has got clearance...
Wright National to Acquire Federal Flood Policies of Westfield Insurance
Dec 30 2021 // Wright National Flood Insurance Co. said it will acquire the current flood insurance book of business from Westfield Insurance Co. and will service, administer and issue flood coverage under the National Flood Insurance...
