2021 M&A News

Learning Technologies Group Buys Diversity & Inclusion Specialist PDT Global in UK

Learning Technologies Group plc (LTG), the London-based provider of services and software for digital learning and talent management, has acquired PDT Global, a leading provider of online diversity and inclusion solutions. PDT (The People Development Team) Global is a diversity …

Willis Towers Watson to Pay $2.1M Cash Retention Agreements for 4 Executives

Willis Towers Watson has approved retention agreements worth $2.1 million for four executives as an incentive for their continued employment until the closing of the broker’s merger with Aon, according to a WTW filing with the U.S. Securities and Exchange …

Arthur J. Gallagher & Co. Completes Acquisition of UK’s Bollington Wilson Group

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has completed its acquisition of specialist UK insurance broker The Bollington Wilson Group. Financial details of the deal, which was first announced in January 2021, were not disclosed. …

UK Lawmakers to Investigate Bain Capital’s Bid for LV= Businesses: Guardian

A group of UK lawmakers will investigate Bain Capital’s 530 million pound ($728 million) deal for Liverpool Victoria Financial Services’ savings & retirement and protection businesses, the Guardian reported. Members of the parliamentary group are concerned about the impact the …

Mosaic Launches Bermuda-Based Specialty Insurer, Along with Lloyd’s Syndicate 1609

Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd’s syndicate. Operating with initial capitalization of $185 million, Mosaic is founded by insurance industry veteran Mitch Blaser, …

Maury, Donnelly & Parr, Kastendike Insurance Group Acquire Northeastern Underwriters

Maury, Donnelly & Parr Inc. (MDP) and the Kastendike Insurance Group (KIG) has acquired Connecticut-based Northeastern Underwriters LTD. (NEU). The transaction became effective January 1, 2021. As part of the transaction, NEU will continue to work out of its existing …

McLarens Acquires Dutch Engineering Claims Company Vanderwal & Joosten

McLarens, a global independent insurance services provider, announced the strategic acquisition of Vanderwal & Joosten (VWJ), a leading construction and engineering, environmental, liability, and agricultural loss adjusting and technical claims investigation firm in the Netherlands. McLarens purchased 100% of the …

Hub International Buys Canada’s John Galon Insurance Services and Galon Management

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired John Galon Insurance Services Ltd. and Galon Management Ltd., collectively known as Galon Insurance Brokers. Terms of the transaction were not disclosed. Located in the cities of Regina and …

CRC Group Acquires Assets of Washington D.C.’s Federal Employee Defense Services

CRC Group, a national wholesale distributor of specialty insurance products, has acquired the assets of Washington D.C.-based Federal Employee Defense Services (FEDS), a niche managing general underwriter specializing in professional liability coverage for federal government employees and contractors. FEDS is …

Allstate to Sell Life Insurance Company to Blackstone for $2.8B to Grow in P/C

The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a strategy to grow market share in personal lines …