2020 M&A News

Griffin Owens Insurance Specialists Affiliates with Leavitt Group

Griffin Owens Insurance Specialists has affiliated with Leavitt Group. Agents and staff will continue to work with their current clients from their current location following the affiliation. The affiliation will not affect current accounts, and clients will continue to work …

NFP Acquires Ireland’s HMP Insurance

New York-based insurance brokerage NFP said it has acquired HMP Insurance & Pension Advisors Limited (HMP), based in Dublin, Ireland. Terms were bot disclosed. HMP provides employee benefits, pension and group risk advice to corporate and individual clients. Formed in …

Brown & Brown of Massachusetts Acquires Assets of Amity Insurance Agency

Brown & Brown of Massachusetts Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Amity Insurance Agency. Amity Insurance was founded in 1978 and offers insurance products and services, specializing in risk management …

Risman Insurance Agencies Acquires Massachusetts’ Insurance Associates

Risman Insurance Agencies acquired Insurance Associates Inc. of Burlington, Mass., on August 3, 2020. Insurance Associates has been a family-owned and -operated business and a member of the community for more than eight decades. Risman Insurance Agencies, headquartered in Medford, …

World Insurance Associates Acquires Virginia’s Lindberg & Associates

World Insurance Associates LLC (WIA), acquired Lindberg & Associates of Poquoson, Va., on July 1, 2020. Terms of the transaction were not disclosed. Founded in 2011, Lindberg & Associates is an independent insurance agency that provides all forms of property …

Roper to Acquire Insurance Software Firm Vertafore for $5.35 Billion

Florida-based Roper Technologies has agreed to acquire insurance software maker Vertafore in an all-cash transaction valued at approximately $5.35 billion. Roper said the Vertafore management team led by CEO Amy Zupon will continue to lead the business from its Denver, …

One80 Intermediaries Acquires Canadian MGA, Strategic Underwriting Managers

One80 Intermediaries, a Boston-headquartered wholesale broker, program manager, and insurance aggregator, announced it has acquired Strategic Underwriting Managers Inc. (SUM), a Canada-based managing general agent. Terms of the deal were not disclosed. Offering property, casualty and other specialty insurance products, …

Jackson Sumner & Associates Acquires Virginia’s Landers Underwriting

Jackson Sumner & Associates (JSA) has acquired Landers Underwriting of Charlottesville, Va., in a deal inked earlier this month. Terms of the transaction were not disclosed. JSA is an excess and surplus broker that began in 1981 in Boone, N.C. …

Leading Proxy Advisory Firms Recommend Shareholders Approve Aon, WTW Merger

Aon plc and Willis Towers Watson announced that two leading proxy advisory firms have recommended that shareholders vote in favor of the companies’ proposed combination. Institutional Shareholder Services Inc. (ISS) said the strategic rationale of the merger is sound. AON …

R&Q Acquires 35% Interest in New York-Based Tradesman Program Managers

Randall & Quilter Investment Holdings Ltd. (R&Q) has reached an agreement to merge its wholly owned subsidiary, Sandell Re Ltd., with Tradesman Program Managers LLC in return for a 35% interest in the combined entity. The transaction is subject to …