2019 M&A News

Legacy Specialist Compre Completes 3 Run-Off Acquisitions

Compre, the London-based independent re/insurance legacy specialist, announced it has signed three transactions involving Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Co. Ltd. (Helvetia), and an undisclosed European insurance group. Compre has acquired each company’s share of the Gibbon Pools, …

Arthur J. Gallagher Acquires Australia Workplace Risk Consultant P2 Group

Arthur J. Gallagher & Co. announced the acquisition of Hawthorn, Victoria-based P2 Group. Terms of the transaction were not disclosed. Founded in 2003, P2 Group helps employers proactively manage occupational health and reduce the risk of worker injuries and WorkCover …

Hub International Acquires Canada Retirement Consulting Firm Porchlight Financial

Insurance broker Hub International Ltd. announced it has acquired Porchlight Financial, based in Vancouver, British Columbia. Terms of the transaction were not disclosed. Porchlight Financial is a full-service group retirement plan consulting firm with 25 years of experience in helping …

The Hilb Group Acquires Delaware’s Pfister Insurance

The Hilb Group LLC (THG) has acquired Delaware-based Pfister Insurance Inc. The transaction became effective June 1, 2019. Located in Dover, Pfister is a full-service property and casualty agency primarily providing business, auto and home insurance to clients in the …

Canada Broker Navacord Acquires Demers’ Insurance in Alberta

Toronto-based broker Navacord Corp. announce it has the addition of Bonnyville, Alberta-based Demers’ Insurance Ltd., effective June 3, 2019. Financial details of the transaction were not disclosed. Serving Bonnyville and the surrounding community since 1978, Demers’ Insurance will operate as …

Brown & Brown of Massachusetts Acquires Twinbrook Insurance

Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Twinbrook Insurance. Founded in 1960, Twinbrook Insurance provides property and casualty insurance products and services to customers throughout New England and Florida. The firm specializes in …

Hub International Buys Saskatchewan-Based Broker, Cottenie & Gardner

Hub International Ltd., the Chicago-based global insurance brokerage, announced that it has acquired Cottenie and Gardner Inc., a Kamsack, Saskatchewan-based independent broker. Terms of the transaction were not disclosed. Cottenie & Gardner provides personal and commercial insurance solutions, including in …

Canada’s Western Financial Acquires Ontario Brokerage EGM Insurance Group

Western Financial Group has furthered its strategic expansion in Ontario with the acquisition of EGM Insurance Group. Financial details of the acquisition, which is Western’s third brokerage acquisition in Ontario, were not disclosed. Pembroke, Ontario-based EGM had its roots as …

Gallagher Finalizes Acquisition of JLT’s Global Aerospace Operations

Arthur J. Gallagher, the Rolling Meadows, Ill.-based insurance broker, confirmed the previously announced acquisition of Jardine Lloyd Thompson Group plc’s (JLT) global aerospace operations was completed on June 1, 2019. The addition of JLT’s global aerospace retail and wholesale insurance …

Ryan Specialty Completes Acquisition of Atlantic Specialty

Ryan Specialty Group has acquired the assets and operations of Atlantic Specialty Lines Inc. Terms of the transaction were not disclosed. The ASL team is now a part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group. The …