2020 M&A News

World Insurance Associates Acquires New Jersey’s Advantage Benefit Concepts

World Insurance Associates LLC (WIA), has acquired Advantage Benefit Concepts Inc. of Blackwood, N.J., on April 1, 2020. Terms of the transaction were not disclosed. Advantage Benefit Concepts Inc. specializes in employee benefit services. They provide health and dental insurance …

Ryan Specialty Group and All Risks Finalize Merger

Specialty insurance brokerages Ryan Specialty Group and All Risks have closed on the merger the two firms into Ryan Specialty Group. The deal unites Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in …

Home Insurance MGA Hippo Completes Acquisition of Spinnaker Insurance Co.

Hippo, an insurtech managing general agent focused on home insurance, has completed its acquisition of Spinnaker Insurance Co., with an expansion into additional states next on its plate. The deal, first announced in June, follows a multi-year partnership between the …

World Insurance Associates Acquires New York’s Countywide Insurance Agency

World Insurance Associates LLC (WIA), acquired Countywide Insurance Agency of Jefferson Valley, N.Y., on July 1, 2020. Terms of the transaction were not disclosed. Countywide Insurance Agency provides insurance products for individuals and businesses in New York and Florida. WIA …

World Insurance Associates Acquires New Jersey’s Maximum Benefit Insurance Agency

World Insurance Associates LLC (WIA) acquired Maximum Benefit Insurance Agency Inc. of Saddle Brook, N.J., on August 1, 2020. Terms of the transaction were not disclosed. Founded in 1994, Maximum Benefit Insurance Agency Inc. is a property and casualty full-service …

Brown & Brown Cancels Deal After Ohio Agency Exec Pleads Guilty in College Scam

Daytona Beach, Florida-based insurance broker Brown & Brown Inc. has terminated its previously announced agreement to purchase the assets of HAUSER, an insurance and investment firm headquartered in Cincinnati, Ohio. Brown & Brown announced the termination of the agreement with …

Aon, Willis Towers Watson Shareholders Approve Merger

Shareholders of insurance brokers Aon and Willis Towers Watson have approved all of the proposals necessary to complete their previously announced combination, the firms announced. Aon intends to combine with Willis in an all-stock deal valued at about $30 billion …

Randall & Quilter to Acquire World Marine & General Insurance From BHP

Randall & Quilter II Holdings Limited has agreed to acquire the entire issued share capital of The World Marine & General Insurance Co. from BHP Group Limited. WMG was incorporated in England & Wales in 1894 and was purchased in …

Alera Group Acquires Maryland’s FNL Insurance Group

Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired FNL Insurance Group, effective August 1, 2020. For more than 40 years, FNL Insurance Group has been helping clients with their employee benefit …

SpottedRisk Acquires Completion Bonds Agency Media Guarantors

Entertainment insurance provider SpottedRisk has acquired Media Guarantors, a specialized managing general underwriter focused on completion bonds for the film industry. West Hollywood, Calif.-based Media Guarantors, launched in 2018, has been a subsidiary of Cast & Crew, a payroll, human …