Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
King Partners Buys Vero Beach-based Prestige Insurance
Apr 9 2024 // King Insurance Partners, the Gainesville, Florida-based brokerage, has continued its steady pace of expansion with the acquisition of Prestige Insurance, with offices in Vero Beach. Michele Anania is principal of the...
Alliant Insurance Services Acquires Captive Program Manager POPIC
Apr 9 2024 // Alliant Insurance Services, the Irving, California-based insurance broker, has acquired Property Owners Protection Insurance Co. (POPIC), a national captive program manager that serves owners and managers of multifamily...
Descartes Labs Acquires Geosite in California
Apr 9 2024 // Descartes Labs acquired all of the operating assets of Geosite, a Palo Alto, Califorina-based SaaS provider of geospatial intelligence to property/casualty insurance companies. Rachel Olney, CEO of Geosite, will be leading...
Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses
Apr 5 2024 // Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses...
Applied Surety Underwriters Buys Majority of Argo’s In-Force Coal, Oil, Gas, Mining Biz
Apr 5 2024 // Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk division, announced it will acquire the majority of Argo Surety group’s in-force coal, oil, gas, and mining business. ASU...
Hub International Acquires Pollock Insurance in Washington
Apr 5 2024 // Hub International Ltd. acquired the assets of Pollock Insurance Inc. Andrea Pollock Wood, the firm’s owner, and the Pollock Insurance team, will join Hub Northwest. Pollock Insurance will be referred to as Pollock...
People Moves: Leif Assurance Hires Galvan as Commercial Lines Account Manager; Applied Underwriters Names Holtmeier VP, Strategic Development, for M&A and Partnership Alliances
Apr 4 2024 // Leif Assurance Hires Galvan as Commercial Lines Account Manager Leif Assurance, headquartered in St. Louis, hired Mayra Galvan as commercial lines account manager. Galvan is responsible for managing clients’ renewal...
Brown & Brown Buys Citrus/CHAPP Agency in Florida
Apr 4 2024 // Brown & Brown Inc., the sprawling U.S. insurance brokerage based in Daytona Beach, has acquired Citrus Insurance and its affiliate, CHAPP Inc., which secures workers’ compensation coverage for citrus growers in...
UK’s Ardonagh Advisory Completes Acquisition of Westfield Brokers
Apr 3 2024 // Ardonagh Advisory, the London-based SME broking platform and part of Ardonagh Group, has completed its acquisition of Westfield Brokers Ltd. Financial details of the deal, which was first announced in December 2023, were...
Howden to Acquire French Broker OFRACAR
Apr 3 2024 // Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and...
PCF Insurance Acquires Alabama’s MK Insurance Agency
Apr 3 2024 // PCF Insurance Services, a brokerage operating in 40 states, has acquired Hoover, Alabama-based MK Insurance Group, a family owned commercial and personal lines agency in business for six decades. MK Insurance has...
PE Firm Brera Partners Buys 70% of Shares in Italian Broker GBSAPRI Group
Apr 3 2024 // Brera Partners, a Zurich-based private equity firm specializing in investments in the asset-light financial services sector, announced it has acquired 70% of the shares in Italian insurance broker GBSAPRI Group, with the...
Jensten Acquires UK Specialist Broker Henry Seymour & Co.
Apr 2 2024 // Jensten, the London-based independent insurance broking group, announced the acquisition of Henry Seymour & Co. The deal, which is subject to regulatory approval, will introduce to the business a team of 22...
IPFS Acquires Texas’ Stonemark
Apr 2 2024 // Imperial PFS (IPFS) has acquired Stonemark, Inc., a privately held premium finance organization. The transaction closed on April 1, 2024. Frisco, Texas-based Stonemark’s existing client base of over 4,000 agencies,...
AJG Acquires Florida’s Specialty Risk Management Agency
Apr 2 2024 // The global insurance brokerage Arthur J. Gallagher has acquired Fort Myers-based Specialty Risk Management Services and its affiliate agency, Private Client Insurance Services, the broker announced Monday. Specialty Risk...
NFP Acquires Buffalo Broker SDN From Five Star Bank
Apr 2 2024 // Global insurance broker NFP announced it has acquired the assets of SDN Insurance Agency (SDN). SDN handles property/casualty insurance as well as employee benefits, surety and life insurance in the the Buffalo, New York...
Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger
Apr 1 2024 // Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district...
M&A Due Diligence: Understanding the Issues and Solutions to the Pitfalls
Apr 1 2024 // Mergers and acquisitions in the insurance industry continue steadily despite a slowdown due to COVID-19 and higher interest rates. After the price and terms are negotiated and a Letter of Intent (LOI) is executed, then it...
Institutional Investor GIC Finalizes Acquisition of Insurance Broker Miller
Mar 28 2024 // Miller, the London-based independent specialist re/insurance broker, announced that GIC, Singapore’s sovereign wealth fund, has completed the acquisition of Cinven’s shares in Miller. GIC and private equity...
Canada’s Desjardins Acquires Insurance Company of Prince Edward Island
Mar 27 2024 // Canada-based Desjardins, through its subsidiary Desjardins General Insurance Group Inc., and ICPEI Holdings Inc. announced they have entered into definitive agreements for Desjardins to indirectly acquire all of...
