Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
The Hilb Group Acquires Maryland’s PSA Insurance & Financial Services
Dec 16 2021 // The Hilb Group brought PSA Insurance & Financial Services into its portfolio, further strengthening its presence in the Mid-Atlantic region as well as building on its range of employee benefits, commercial and personal...
‘Cat-Focused’ Kin Insurance Acquires Shell for Expansion; Expects SPAC Closing in Q1
Dec 16 2021 // Kin Insurance, a digital direct-to-consumer home insurer that targets catastrophe-prone areas, said it has has acquired an inactive insurance carrier holding licenses in 43 states. Kin, which has operated in Florida,...
Zurich Insurance to Acquire Conversational AI Company AlphaChat
Dec 16 2021 // Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital...
Louisiana Private Insurer to Acquire Policies from Insolvent Insurance Companies
Dec 15 2021 // An unnamed Louisiana private insurer will assume to acquire all policies from two insolvent homeowners insurance companies that were placed into receivership in November by the Louisiana Department of Insurance. Louisiana...
Arthur J. Gallagher Acquires Illinois’ Tave Risk Management
Dec 15 2021 // Arthur J. Gallagher & Co. has Chicago-based Tave Risk Management, LLC. Terms of the transaction were not disclosed. Founded in 2000, Tave Risk Management, LLC is a retail property/casualty broker and risk advisory firm...
Credible Acquires Digital Insurance Marketplace Young Alfred
Dec 15 2021 // Credible, a digital lending marketplace, acquired Young Alfred, a digital insurance marketplace. Credible provides consumers with personalized and prequalified rate options when shopping for student loans, personal loans...
UK Broker Ardonagh Valued at $7.5B as Abu Dhabi Investment Authority Buys Stake
Dec 15 2021 // Abu Dhabi Investment Authority has acquired a stake in Ardonagh Group in a transaction valuing the U.K. insurance broker at $7.5 billion. The sovereign fund joined as a new investor in Ardonagh alongside several other...
KKR Nears Deal to Buy Stake in India’s Shriram General Insurance Ahead of IPO
Dec 15 2021 // KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.’s general insurance unit for about 18 billion rupees ($237 million), according to people familiar with the matter, as the Indian financial...
Arthur J. Gallagher Acquires Richied & Associates in Nevada
Dec 15 2021 // Arthur J. Gallagher & Co. acquired Reno, Nevada-based Richied & Associates Inc. in Nevada. Paul Richied, Tera Hodges, Cindy Fleischer and their associates will remain in their current locations under the direction...
Confie Acquires Velox Insurance to Expand in Georgia Market
Dec 14 2021 // Confie, a U.S. independent personal lines distributor, will acquire Velox Insurance as an affiliate to its nonstandard national brand, Freeway Insurance. The acquisition includes all 40 locations in Georgia, tripling...
World Insurance Associates Acquires New Jersey’s E&K Insurance Group
Dec 14 2021 // World Insurance Associates LLC (WIA) acquired E&K Insurance Group of Eatontown, New Jersey, on December 1, 2021. Terms of the transaction were not disclosed. E&K was founded in 1930 by two entrepreneurs who...
Canada’s StoneRidge Insurance Brokers Acquires John Stark & Co.
Dec 14 2021 // SIB Corp., operating as StoneRidge Insurance Brokers (SIB), the Canadian provider of insurance and consulting services, has acquired John Stark & Co. (Stark), to expand its personal, commercial and life insurance...
High Street Acquires Nebraska’s GTA Insurance Group
Dec 13 2021 // High Street Insurance Partners has acquired Nebraska-based GTA Insurance Group. GTA Insurance Group provides comprehensive insurance and risk management solutions across Nebraska. It has an extensive agricultural practice...
Hub Acquires Assets of Basi Insurance Services in California
Dec 13 2021 // Hub International Ltd. acquired the assets of Basi Insurance Services Inc. in California Terms of the deal were not disclosed. Randy Basi, president and CEO of Basi Insurance Services, will report to Michael Der Manouel,...
Ryan Specialty Group to Acquire Pennsylvania’s Keystone Risk Partners
Dec 13 2021 // Ryan Specialty Group, an international specialty insurance firm, has signed an agreement to acquire certain assets of Keystone Risk Partners LLC based in Media, Pennsylvania. Terms of the transaction were not...
Brown & Brown Acquires Florida’s Corporate Insurance Advisors
Dec 13 2021 // Insurance agency Brown & Brown of Florida, Inc. has acquired substantially all of the assets of Corporate Insurance Advisors. J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark R. Schwartz,...
Alera Group Acquires J&J Benefits Insurance Agency in Utah
Dec 13 2021 // Alera Group acquired J&J Benefits Insurance Agency, an employee benefits consulting and health insurance firm serving clients in Utah and Idaho. J&J Benefits joins Alera Group through Banasky, an Alera Group...
Reinsurer Says U.S. Should Regulate $17 Billion Litigation Funding Industry
Dec 13 2021 // Litigation funding has become a $17 billion industry globally, with 52% of that money being spent in the United States, Swiss Re said in a recent report. The reinsurer said third-party litigation funding (TPLF) is...
British Insurer LV= Rejects Bain Takeover Bid; Royal London Wants to Talk
Dec 10 2021 // British mutual life insurer LV= on Friday abandoned a proposed 530 million pound ($701 million) takeover by private equity giant Bain Capital after it lost a member vote, and rival Royal London put forward an alternative...
M&A Insurance Rates Nearly Double After Explosion of Dealmaking During Pandemic
Dec 10 2021 // The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. Potential buyers take out...
