2020 M&A News

The Hilb Group Acquires Massachusetts’ Eldredge & Lumpkin Insurance Agency

The Hilb Group LLC (THG) has acquired Massachusetts-based Eldredge & Lumpkin Insurance Agency Inc. (E&L). The transaction became effective on July 1, 2020. Located in Chatham, Mass., E&L is a full–service agency primarily providing property and casualty insurance for personal …

Global Risk Solutions Acquires Connecticut’s William Kramer & Associates

Global Risk Solutions Inc. (GRS), a provider of claims adjusting and environmental risk management solutions, has acquired William Kramer & Associates (WKA). Terms of the acquisition were not disclosed. GRS Complex Claims Solutions (CCS) specializes in large and complex claims, …

New York’s ENV Insurance Agency Joins AssuredPartners

ENV Insurance Agency LLC of Liverpool, N.Y., has joined AssuredPartners Inc. The team of 26 will remain under the operational leadership of Ed Vaughn and Terry Engels. The agency currently reports $7.5 million in annualized revenues. Headquartered in Lake Mary, …

Private Equity Firm Thoma Bravo to Acquire Insurance Software Firm Majesco for $594M

Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the company at $594 million. Following the closing of …

Private Equity Firm Aquiline Closes Investment in Dutch Broker Quintes Holding

Aquiline Capital Partners, a global private investment firm specializing in financial services and technology, announced it has closed its investment in Quintes Holding, one of the largest independent insurance brokers in the Netherlands. Financial terms of the transaction were not …

Starkweather & Shepley Insurance Brokerage Acquires Newport Insurance Agency

Starkweather & Shepley Insurance Brokerage Inc. (S&S) has acquired Newport Insurance Agency Inc. (NIA). Located in Middletown, R.I., with 13 associates on staff, Newport Insurance is an independent agency serving commercial and personal lines clients throughout southern New England. Newport …

Amynta Group Acquires Surety Operations of Aspen Insurance

Amynta Group, a provider of property/casualty and warranty protection products and services, has acquired the surety operations of Aspen Insurance. The business will now operate as Amynta Surety Solutions. As part of the transaction, Amynta said it will partner with …

Castel Acquires Dutch Marine Business from The Hartford

Castel Underwriting Europe B.V. has agreed to acquire the renewal rights for a Navigators Europe book of predominantly of Dutch marine cargo, inland hull, land-based equipment and liability business from The Hartford. Navigators Europe is the trading name of the …

AHT Insurance Acquires Mason & Mason Insurance

AHT Insurance has acquired Mason & Mason Insurance. Mason’s offices in Whitman, Mass., located near Boston, and North Conway, N.H., will become AHT’s eighth and ninth locations nationally. Mason’s staff of insurance professionals will join forces with AHT’s professionals following …

Allianz Acquires P/C, Auto Insurer from Brazil’s SulAmérica for Nearly $600M

Allianz has finalized the acquisition of the automobile and other property & casualty business from SulAmérica in Brazil. This follows the announcement of the deal on August 23, 2019. The transaction enlarges the service offering for customers and grows Allianz’ …