2021 M&A News

High Street Insurance Partners Acquires Paladin, Richardi-Demola Insurance Agencies

High Street Insurance Partners (HSIP), a full-service insurance brokerage platform, has acquired New Jersey-based Paladin Insurance Agency and Richardi-Demola Insurance Agency (RD). Terms of the transaction were not disclosed. Both firms specialize in business and personal Insurance solutions. President Tom …

Mitchell | Genex | Coventry Agrees to Acquire QualCare Alliance Networks

Mitchell | Genex | Coventry, a provider of cost containment technology, provider networks, clinical services, pharmacy benefit management (PBM) and disability management, has entered into a definitive agreement to acquire QualCare Alliance Networks Inc. (QANI), a managed care organization serving …

Specialist Risk Group Buys Dublin-Based MGA, Blackrock Insurance Solutions

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of specialist Irish liability and property managing general agent (MGA), Blackrock Insurance Solutions. Financial details of the acquisition were not disclosed. SRG said this acquisition further demonstrates its commitment …

Kaplansky Insurance Acquires Massachusetts’ John P. Riley Insurance

Kaplansky Insurance has acquired its third independent agency of 2021, John P. Riley Insurance. The purchase of the Dorchester, Massachusetts-based business marks Kaplansky’s 37th acquisition overall. John P. Riley opened his insurance agency in 1938 while also working in the …

Aon, Willis Towers Watson to Sell WTW Assets to Gallagher for $3.57 Billion

Aon plc and Willis Towers Watson have agreed to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Arthur J. Gallagher & Co. These businesses will be divested for …

Canada’s Riverview Insurance Solutions Merges with Sterling Capital Brokers

Riverview Insurance Solutions (RIS), the Alberta, Canada-based middle-market benefit consulting firm, announced it will merge with Sterling Capital Brokers (SCB). The combined company will create the largest independent employee-owned benefit consulting firm in Canada, said SCB in a statement. Founded …

Hub International Limited Acquires Assets of Ion Insurance Corporation

Hub International Limited, a global insurance brokerage, has acquired the assets of Ion Insurance Corporation. Terms of the transaction were not disclosed. Headquartered in Cheshire, Connecticut, Ion Insurance is a full service, independent insurance agency providing personal and business insurance …

Italian SPAC Aims to Target Deals in Insurance Sector

MILAN – Two known Italian business executives said on Monday they would list a 200 million euro ($243 million) special purpose acquisition company (SPAC) in Milan by the end of May to target opportunities in the insurance sector. A SPAC …

Italy’s Generali Buys Stake in E-scooter Operator Ridemovi

MILAN – Italy’s biggest insurer Generali has bought a stake in Ridemovi, which offers bicycle and electric scooter sharing services, to help it expand in Italy, Spain and beyond. Ridemovi, which operates micro-mobility services in 17 Italian and Spanish cities, …

Alera Group Acquires Employee Benefits Division of Lamb Insurance Services

Alera Group, an independent, national insurance and wealth management firm, has acquired the employee benefits division of Lamb Insurance Services, an insurance broker exclusively dedicated to nonprofit and social service organizations. The acquisition is effective April 1, 2021, and the …