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Insurance Mergers & Acquisitions

 
August 6, 2021
 
 
 
 
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MGA Insurtech Corvus Acquires Cyber-Focused Wingman Insurance

Aug 6, 2021 -- Managing general agent Corvus Insurance, fresh off of raising $115 million in new venture financing, has made an acquisition with an eye...
 

Canary Blomstrom Insurance Agency Merges with GoodWorks Financial Group

Aug 6, 2021 -- Canary Blomstrom Insurance Agency of Agawam recently became a member of GoodWorks Financial Group, a national network of insurance...
 

Africa Specialty Risks Launches Reinsurer in Bermuda

Aug 6, 2021 -- Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced it has launched a licensed reinsurer in Bermuda. The...
 

HCI Group's Home and Flood Insurtech TypTap Files for Possible IPO

Aug 5, 2021 -- HCI Group, Inc. announced that its insurtech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market...
 

Alliant Acquires Benefit Concepts in Texas

Aug 5, 2021 -- Alliant Insurance Services acquired group and individual benefits agency, Houston-based Benefit Concepts Inc. (BCI). Founded in 1983, BCI...
 

New Agency, Emergent Insurance Solutions, Launched in Texas

Aug 5, 2021 -- Doug Phenix, founder of Texas Printers Insurance Agency (TPIA), is now leading a newly established agency, Emergent Insurance Solutions...
 

Ratings Firm Moody's to Acquire Catastrophe Modeler, Analytics Firm RMS for $2 Billion

Aug 5, 2021 -- Moody's Corp. has agreed to acquire RMS, a global provider of climate and natural disaster risk modeling and analytics, for approximately...
 

Naspers Invests in Online Insurer Naked as Part of South African Investment Push

Aug 5, 2021 -- Naspers Ltd. is backing online insurance company Naked as part of a commitment to invest almost $100 million in tech startups in its home...
 

While Aon and Willis Were Focused on Merger, Marsh Attracted Producer Talent

Aug 5, 2021 -- While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their...
 

Investors Complete Acquisition of Specialty Insurer ProSight Under Plan to Go Private

Aug 4, 2021 -- Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed...
 

IMA Financial Acquires Diversified Insurance Group in Utah

Aug 4, 2021 -- IMA Financial Group has acquired Salt Lake City, Utah-based Diversified Insurance Group. Terms of the deal were not disclosed....
 

MJ Insurance Acquires ProCourse Fiduciary Advisors in Indiana

Aug 4, 2021 -- Indianapolis-based risk management and employee benefits agency, MJ Insurance, acquired ProCourse Fiduciary Advisors (ProCourse) in...
 

Risk Strategies Buys Centric Actuarial Solutions in Kansas

Aug 4, 2021 -- National specialty insurance brokerage and risk management firm, Risk Strategies, acquired property/casualty actuarial consulting firm...
 

Goldman Sachs-Backed Aston Lark Acquires UK Broker Plester Group

Aug 4, 2021 -- Aston Lark, the London-based insurance broker backed by Goldman Sachs, announced the acquisition of Plester Group. Established in 1964...
 

McLarens Acquires Canadian Loss Adjusting Firm MGB Claims Consultants

Aug 4, 2021 -- McLarens, the Atlanta-based independent insurance services provider, announced the acquisition of MGB Claims Consultants Inc., a complex...
 

Sale of Willis Re Still Possible After Collapse of Aon Merger, Gallagher Deal

Aug 3, 2021 -- Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days...
 

Zurich Insurance Nearing Deal to Buy Deutsche Bank's Italian Advisers Unit: Sources

Aug 3, 2021 -- Zurich Insurance Group AG is nearing a deal to buy Deutsche Bank AG's Italian financial promoters network, according to people familiar...
 

Confie Acquires ASAP Insurance in Texas

Aug 3, 2021 -- Huntington Beach, California-based personal lines insurance distribution company, Confie, acquired ASAP Insurance in Texas. With the...
 

NFP Acquires Dublin-Based P/C Broker Aiken Insurances

Aug 2, 2021 -- NFP, a New York City-based insurance broker and consultant, announced it has acquired Aiken Insurances Ltd. (AIL). Financial details of...
 

Indian Insurance Startup Policybazaar Files for $810M IPO

Aug 2, 2021 -- BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18...
 

Arthur J. Gallagher & Co. Acquires R.J. Riordan & Co. in Illinois

Jul 30, 2021 -- Arthur J. Gallagher & Co. acquired Oakbrook, Illinois-based R.J. Riordan & Co. R.J. Riordan & Co. is a retail...
 

'Real Time' Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral

Jul 30, 2021 -- At-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new product development,...
 

Insurtech Agentero to Expand Digital Network for Agents After Raising $13.5M

Jul 29, 2021 -- Agentero raised $13.5 million in new financing designed to boost and help expand its digital insurance network for agents. The...
 

Insurtech Investment Reaches Record $7.4B for First Half 2021

Jul 29, 2021 -- Insurtech venture investment keeps climbing ever higher, with new records reached for the second quarter as well as the first half of...
 
 
 
 
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