2021 M&A News

World Insurance Associates Acquires New Jersey’s Coe-Brooke Insurance Agency

World Insurance Associates LLC (WIA) acquired Coe-Brooke Insurance Agency Inc. of Point Pleasant, New Jersey, on November 1, 2021. Terms of the transaction were not disclosed. Coe-Brooke Insurance Agency Inc. is a family owned and operated agency with more than …

Howden Acquires UK Specialist Broker Ross Insurance Group

Howden, the international re/insurance broker, announced it has acquired Ross Insurance Group, a commercial broker servicing corporate and technology clients, as it continues to invest in expertise for its UK business. Ross Insurance Group currently offers a broad range of …

Arthur J. Gallagher & Co. Buys Australia’s Sound Insurance Services

Arthur J. Gallagher & Co. announced the acquisition of Caulfield, Victoria-based Sound Insurance Services in Australia. Terms of the transaction were not disclosed. Founded in 2011 by Simon Feldman and Morris Alessi, Sound Insurance is a retail property/casualty broker serving …

Risk Strategies Acquires New Jersey’s KRA Insurance Agency

Risk Strategies, a national specialty insurance brokerage and risk management firm, has acquired full-service brokerage firm KRA Insurance Agency Inc. Included in the transaction is KRA’s wholly owned subsidiary, KRA Life Agency Inc. Terms of the deal were not announced. …

Xenia Buys UK Trade Credit and Surety Broker, Peter Hill Credit & Financial Risks

The credit insurance and surety specialist, Xenia Broking Group, announced it has acquired Peter Hill Credit & Financial Risks Ltd., based in Northampton, England. Peter Hill is a leading specialist trade credit insurance and surety broker, with a particular focus …

Howden Acquires Specialist Broker Expat Marine in Hong Kong

Howden, the international insurance broker, announced the acquisition of the assets of Expat Marine Ltd. (EML), a specialist insurance broker providing employee benefits and general insurance products and advice to clients in Hong Kong. Financial terms of the deal were …

Gallagher Completes $3.25B Purchase of Willis’ Treaty Reinsurance Brokerage Business

Arthur J. Gallagher & Co. announced it has completed the $3.25 billion acquisition of nearly all of the treaty reinsurance brokerage operations of Willis Towers Watson plc. Together with Gallagher’s existing reinsurance operations, the combined businesses will trade as Gallagher …

IncubEx, Led by Industry Veteran Eckert, Buys UK Insurtech Platform Insurwave

IncubEx Inc., a Chicago-based company that is chaired by industry veteran Neil Eckert and designs and develops new financial products in global environmental, climate risk and related commodity markets, announced the acquisition of Insurwave Ltd. Insurwave is an insurtech platform …

UK Competition Regulator Ends Probe Into Gallagher’s Planned Purchase of Willis Re

Britain’s competition watchdog said on Monday it will not refer insurance broker Arthur J Gallagher & Co’s planned $3.25 billion purchase of Willis Towers Watson’s treaty reinsurance brokerage business to an in-depth investigation. The Competition and Markets Authority said it …

Kaplansky Insurance Acquires Massachusetts’ Judith M. Flynn Agency

Kaplansky Insurance acquired Judith M. Flynn Insurance Agency Inc., located in Dorchester, Massachusetts. This deal serves as Kaplansky’s fourth acquisition of 2021 and 38th overall and contributes to its growth across New England. Judith M. Flynn Insurance Agency has offered …