2023 M&A News

NFP Acquires UK’s Direct Safety Solutions

NFP, the New York City-based property/casualty insurance broker and consultant, announced it has acquired Direct Safety Solutions Ltd., a UK-based health and safety consultancy. Financial details of the deal were not disclosed. Based in the West Midlands, England, Direct Safety …

Wholesale Broker Socius Acquires New York’s Kelly Underwriting

San Francisco-based wholesale insurance brokerage Socius Insurance Services, Inc. has acquired the assets of Kelly Underwriting Services, a Farmingdale, New York based managing general underwriter. Led by Tom Nash, Kelly provides underwriting for professional liability risks and currently manages four …

Gallagher Acquires Retail Broker First Ireland Risk Management in Dublin

Arthur J. Gallagher & Co. has acquired Dublin, Ireland-based First Ireland Risk Management Limited, a retail insurance broker offering commercial and personal insurance products as well as life and pension products throughout Ireland. Principals Tony Gill, Linda Gallagher and their …

Acrisure Acquires Affinity Brokers in Scotland

Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, has acquired Affinity Brokers Limited, a commercial insurance broker based in Glasgow, Scotland. Founded in 2010 by Scott Meechan and Yvonne McKnight, Affinity has a specialty in jewellery and jewellers …

BMS Acquires Australian Specialist Austbrokers Coast to Coast

Global specialty insurance and reinsurance broker BMS reports it has acquired Austbrokers Coast to Coast (C2C), a specialist Australian corporate, business, and retail broker, effective 17 January. BMS is acquiring C2C in full, with staff and infrastructure transferring into BMS’ …

Canada’s Westland Insurance Acquires Broker RiskTech From Excel

Westland Insurance announced that it has acquired the Edmonton brokerage RiskTech Insurance Services as of January 1. Risk Tech was a member of Excel Insurance Group. It specializes in serving large and mid-market commercial risks and complements Westland’s existing commercial …

France’s Verlingue Buys Broker Cabinet Depeyre and MGA Depeyre Solutions

French broker Verlingue, a subsidiary of Adelaïde Group and specialist in corporate protection, is continuing its external growth strategy with two new acquisitions that will consolidate its presence in the Grand Est region of France. Financial details of the deal …

Hilb Group Acquires Oak Ridge Surety Agency in Pennsylvania

The Hilb Group has acquired Oak Ridge Surety Agency in West Chester, Pennsylvania, which specializes in surety bond programs and commercial insurance. Martin Hellman and his team of insurance professionals will become part of Hilb Group’s Mid-Atlantic regional operations. The …

Specialty Program Group Buys Euclid Fiduciary

New Jersey-headquartered Specialty Program Group LLC (SPG) has acquired the assets of Euclid Specialty Managers, LLC, which does business as Euclid Fiduciary, from Euclid Insurance Services, Inc. Euclid Fiduciary, based in Vienna, Virginia, is a managing general agency specializing in …

Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal

Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year strategic partnership has been formed in which Brit (a subsidiary of Fairfax Financial Holdings Ltd.) will be a significant capacity …