2023 M&A News

Jensten Purchases UK’s Scrutton Bland Insurance Brokers

Jensten, the London-based independent insurance broking group, has acquired Scrutton Bland Insurance Brokers for an undisclosed amount. The deal brings a team of more than 50 across two additional offices and GWP of £22 million to Jensten. Based in Ipswich, …

Maury, Donnelly & Parr Acquires Maryland Agency

Baltimore-based insurance agency Maury, Donnelly & Parr, Inc. has acquired another Maryland agency, Wetzel & Lanzi, Inc. Wetzel & Lanzi is a family-owned, independent insurance agency located in Lutherville-Timonium. Since 1974, W&L has offered personal insurance coverage as well as …

GIC Reaches Agreement to Buy Cinven’s Shares in UK Broker Miller

Miller, the London-based independent specialist re/insurance broker, announced that GIC, a global institutional investor, and Cinven, the international private equity firm, have reached an agreement for GIC to acquire Cinven’s shares in Miller. GIC and Cinven acquired Miller in 2021. …

Specialist Risk Group Acquires Lloyd’s Broker CBC Partnership

Specialist Risk Group (SRG) has agreed to acquire the London-based broker CBC Partnership (CBC), subject to the necessary regulatory approvals. Financial details of the transaction were not disclosed. CBC will become SRG’s 19th acquisition, and its 6th in 2023. Under …

Patriot Growth Adds Connecticut Benefits Firm

Pennsylvania-based Patriot Growth Insurance Services reports it has acquired Blueprint Benefit Advisors of Hamden, Connecticut. Blueprint provides employee benefits, human resource support, benefits technology, and compliance services. This deal expands Patriot’s footprint in the New England region, which currently consists …

New England’s Foy Insurance Group Acquired by World Insurance

New England’s Foy Insurance Group has been acquired by national broker World Insurance Associates. The Foy agency, headquartered in Exeter, New Hampshire, has been doing business in New Hampshire for more than 100 years. Today it is one of New …

IMA Financial Adds EBS Insurance Brokers in Massachusetts

Denver-based insurance brokerage IMA Financial Group reports it is expanding its employee benefits practice nationally with the acquisition of EBS Insurance Brokers of Newton, Massachusetts. EBS and its 30 employees offer health and welfare plan administration, executive and international benefits …

Clear Group Buys General Insurance Book of PW White & Partners in UK

The Clear Group, the London-based independent broker, announced it has acquired the entire general insurance book of regional broker P W White & Partners Ltd. Financial details of the deal were not disclosed. The transaction does not include the financial …

Howden Acquires Swiss Reinsurance Broker Haakon AG

Howden, the London-based global insurance group, announced the acquisition of Haakon AG, the specialist reinsurance broker, headquartered in Switzerland. Financial details of the transaction were not disclosed. Haakon, formerly part of the Baloise Group, has offices in Basel and Kuala …

World Insurance Purchases Exchange Underwriters From Pennsylvania Bank

Insurance broker World Insurance Associates has purchased the personal and commercial insurance agency Exchange Underwriters, Inc. from CB Financial Services, Inc., the holding company for Pennsylvania-based Community Bank. According to the asset purchase agreement, World Insurance Associates will pay $30.5 …