2020 M&A News

The Hilb Group Acquires Maryland’s Insurance Solutions

The Hilb Group LLC (THG) has acquired Maryland-based Insurance Solutions (ISI). The transaction became effective on October 1, 2020. Founded in 1989, ISI is a full-service employee benefits agency with expertise in group health and dental, life and disability and …

Clegg Insurance Group Finalizes Acquisition of iCan Benefit Group

Clegg Insurance Group finalized the acquisition of the property and casualty division of iCan Benefit Group late September in Boca Raton, Fla., adding more than 1,500 clients to its book of business and expanding further into South Florida. This is …

Private Equity Investor BP Marsh Increases Stake in EC3 Brokers

EC3 Brokers has received a new investment from existing shareholder BP Marsh & Partners, which will take its holding in the broker to 35%. This investment will help London-based EC3 Brokers broaden its offering and attract entrepreneurial teams to develop …

NFP Acquires UK-Based P/C Broker Ernest R. Shaw Ltd.

NFP, a New York City-based insurance broker and consultant, announced the acquisition of Ernest R. Shaw Ltd. in a transaction that closed on Sept. 1, 2020. Financial details of the deal were not disclosed. ER Shaw, located in Birmingham, UK, …

Arch Capital Bests Enstar with Offer to Acquire Watford for $622 Million

Arch Capital Group Ltd., which had been reported to be pursuing a deal, has agreed acquire all the common shares of Watford Holdings Ltd. in an all-cash transaction valued at approximately $622 million, or $31.10 per share. Following closing, which …

Hub International Acquires Ontario’s Mumby Insurance Brokers

Global insurance broker Hub International has acquired the property/casualty and employee benefits businesses of Mumby Insurance Brokers Inc. in Waterloo, Ontario. Terms of the transaction were not disclosed. Mumby Insurance has a focus on architects, landscape architects, engineers and specification …

Howden’s Acquisition of A-Plan Group to Create One of UK’s Largest Brokers

The international insurance broking group Howden recently announced that it has agreed to acquire A-Plan Group, one of the UK’s largest personal and commercial lines insurance brokers. The deal promises to create one of the UK’s largest insurance brokers managing …

Hub International Limited Acquires Assets of Maryland’s Bernstein Insurance

Global insurance brokerage Hub International Limited has acquired the assets of Bernstein Insurance LLC. Terms of the transaction were not disclosed. Bernstein Insurance’s principal owner, Jennifer Bernstein, was previously part of Nationwide Mutual Insurance Company’s exclusive distribution model and is …

Bold Penguin Acquires RiskGenius in Commercial Insurance Technology Deal

Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help grow their reach more than they have been able to thus far on their own, Carrier Management reported. The main …

Hub International Limited Acquires Virginia’s WFG Benefits

Global insurance brokerage Hub International Limited has acquired the assets of WFG Benefits Inc. Terms of the transaction were not disclosed. Located in McLean, Va., WFG Benefits Inc. is an insurance and employee benefit planning firm with more than 30 …