2021 M&A News

Filhet-Allard Maritime Buys Majority Stake in Marine Specialist Latitude Brokers

Filhet-Allard Maritime, the France-based insurance broker for the commodities trading, shipping and industrial markets, has acquired a controlling stake in Latitude Brokers, a specialist marine broker based in Asia with headquarters in Hong Kong. The acquisition has received regulatory approval …

Malaysia’s Malene Insurance Brokers Renamed Howden Takaful Brokers

Howden, the London-based international insurance broker, announced that further to its merger with Malene Insurance Brokers in February 2019, Malene will operate as Howden Takaful Brokers, a fully dedicated Takaful specialist. Howden Takaful Brokers’ team of 30 specialists offers bespoke …

BE Group Takes Fresh Look at Buying $10 Billion Insurer Ageas

BE Group, an investor group fronted by former financial services dealmakers, is exploring the feasibility of a fresh pursuit of Belgian insurer Ageas after a previous attempt was rebuffed, people familiar with the matter said. The consortium has been speaking …

Willis Towers Watson Acquires Sydney-Based Aviation Broker Aerosure

Insurance broker Willis Towers Watson announced the acquisition of Aerosure, a leading aviation industry specialist, focused on the Australia, New Zealand and Pacific Island region. Aerosure, based in Sydney, will become a part of Willis Towers Watson’s (WTW) Global Aerospace …

Alera Group Acquires New Jersey’s Customized Benefit Solutions

Alera Group, an independent, national insurance and wealth management firm, acquired Customized Benefit Solutions Inc. (CBSI), an employee benefits and insurance firm based in Hightstown, New Jersey. Terms of the transaction were not announced. CBSI provides group employee benefits, Medicare …

Arthur J. Gallagher Completes Minority Investment in MENA Specialist Broker ACE

Arthur J. Gallagher & Co. announced it has completed its 30% minority investment in Middle East & North Africa (MENA) specialist insurance broker ACE. Financial details of the deal, which was first announced in April, were not disclosed. Under the …

UK Broker Aston Lark Acquires Client Book of Choice Benefits

Aston Lark, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced the acquisition of the client book of UK-based Choice Benefits Ltd. Financial details of the deal were not disclosed. Having advised …

NFP Acquires Connecticut’s Insurance Provider Group

NFP, an insurance broker and consultant that provides property/casualty, corporate benefits, retirement and individual services, acquired the assets of Insurance Provider Group LLC (IPG). The transaction closed on October 6, 2021. Connecticut-based IPG is a property/casualty insurance broker that provides …

Sedgwick Acquires Belgian Engineering Consultancy ABESIM B.V.

Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, announced it has acquired ABESIM B.V. in Belgium. Financial details of the transaction were not disclosed. The acquisition of ABESIM will enhance Sedgwick’s existing business in Belgium, EFI …

The Hilb Group Acquires New Hampshire’s Clark & Lavey Benefits Solutions

The Hilb Group acquired Clark & Lavey Benefits Solutions Inc., increasing its New England presence and bolstering its range of employee benefits offerings nationwide. The transaction became effective November 1, 2021. Based in Merrimack, New Hampshire, Clark & Lavey Benefits …