2021 M&A News

World Insurance Associates Acquires Massachusetts’ Pope Insurance Agency

World Insurance Associates LLC (WIA) acquired Pope Insurance Agency Inc. of Plainville, Massachusetts, on October 1, 2021. Terms of the transaction were not disclosed. Pope Insurance Agency Inc. is a multi-line insurance agency. It offers personal insurance for car, home …

Risk Strategies Acquires Connecticut’s TriPoint Insurance

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired TriPoint Insurance Inc., a national specialist providing Performance Based Insurance (PBI) solutions to middle market companies in the construction, manufacturing, wholesale and skilled nursing verticals. TriPoint’s PBI solutions …

BKS Partners Enters Agreement to Acquire Construction Risk Partners

Baldwin Krystyn Sherman Partners LLC (BKS Partners) entered into an agreement to acquire all the outstanding equity interests of Construction Risk Partners LLC (CRP). The transaction is expected to close on or around December 1, 2021, subject to certain closing …

Willis Towers Watson to Acquire Israeli Broker Leaderim

Insurance broker Willis Towers Watson announced it has signed a definitive agreement to acquire Leaderim, an insurance broking and risk consultancy business in Israel. Financial terms of the deal were not disclosed. Leaderim is one of the top brokers in …

Aston Lark Continues Buying Spree With Purchase of UK Broker Philip Williams & Co.

Aston Lark, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced the acquisition of Philp Williams & Co. as the latest addition to the group. Philip Williams & Co. was established in …

Aston Lark Acquires UK-Based Innovation Broking

Aston Lark Group, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced it has acquired Innovation Broking. Financial details of the deal were not disclosed. Established in 2015, Innovation Broking is an …

NFP Acquires Western Canada’s Foster Park Brokers Inc.

NFP, the New York City-based insurance broker and consultant, announced the acquisition of Canada’s Foster Park Brokers Inc. Details of the transaction, which closed on Nov. 1, 2021, were not disclosed. Foster Park is one of Western Canada’s largest independent …

Hannover Re Sells Stake in HDI Global Specialty to Position Itself as Pure Reinsurer

Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE, effective Dec. 31, 2021. HDI Global SE will then hold 100% of the shares. Financial details of the …

Lemonade to Acquire Auto Insurer Metromile in Merger of Insurtechs

Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported. With the agreement, the New York-based insurtech stands to gain a national foothold in car insurance, …

Risk Strategies Acquires Connecticut’s Pawson Insurance

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired Pawson Insurance, a full-service retail insurance brokerage specializing in property/casualty and employee benefits solutions. Terms of the deal were not announced. Headquartered in Branford, Connecticut, Pawson Insurance was …