Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
February 4, 2022
 
 
 

NBA Team Owner Buys National Security, Alabama-based Insurer

Feb 4, 2022 -- A holding company formed by the owner of the Sacramento Kings basketball team has agreed to purchase National Security Group Inc. an...
 

Oakbridge Acquires Another Georgia Agency

Feb 3, 2022 -- Oakbridge Insurance Agency, a large regional independent agency, announced its further expansion into Georgia with the acquisition of...
 

Life Insurance Corp. of India's Embedded Value Set at More Than $66.8B: Gov't Official

Feb 3, 2022 -- NEW DELHI – State-run Life Insurance Corp. of India's (LIC) embedded value has been finalized at more than 5 trillion rupees ($66.82...
 

Hilb Group Acquires New York's Malvaso Agency

Feb 3, 2022 -- The Hilb Group reports it has acquired the Mark E. Malvaso Agency, building upon the company's presence throughout New York state. The...
 

Hub Acquires Assets of Kornerstone in California

Feb 2, 2022 -- HUB International Ltd. acquired the assets of Kornerstone Inc. in Chico, California. Eric Blofsky, pesident, and the Kornerstone team...
 

World Insurance Associates Buys Connecticut's Sumner & Sumner

Feb 2, 2022 -- New Jersey-based broker World Insurance Associates reports it has acquired Sumner & Sumner, Inc., an Insurance agency in Willimantic,...
 

Jencap Group Acquires Texas' Delta General Agency

Feb 2, 2022 -- Jencap Group LLC has acquired the assets of Delta General Agency Corporation, a full-service specialty wholesale brokerage and managing...
 

Wallace & Turner Acquires Ohio-Based Guarantee

Feb 1, 2022 -- Wallace & Turner, Inc. has acquired Guarantee Insurance Agency, effective January 1, 2022. Founded in 1907, Guarantee Insurance...
 

Chile Insurtech Startup Betterfly Plans Overseas Expansion After $125M Funding Round

Feb 1, 2022 -- Chilean insurance-tech startup Betterfly plans to expand overseas after its latest funding round swelled its valuation to $1 billion. The...
 

Greenlight Re Innovations Gets 'In-Principle' Nod to Launch Lloyd's Syndicate

Feb 1, 2022 -- Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received "in-principle" approval...
 

Arthur J. Gallagher & Co. Acquires UK Broker Devitt Insurance Services Ltd.

Feb 1, 2022 -- Arthur J. Gallagher & Co. announced the acquisition of Romford, Essex-based Devitt Insurance Services Ltd. in the United Kingdom....
 

First Online M&A Insurance Marketplace Launches in Australia

Jan 31, 2022 -- io.insure, the world's first online mergers and acquisitions (M&A) insurance marketplace for small and medium-sized business (SME)...
 

Insurtech Descartes Underwriting Raises $120M to Expand Parametric Product Offering

Jan 31, 2022 -- Descartes Underwriting, the insurtech company that specializes in parametric natural catastrophe products, has announced a $120 million...
 

Higginbotham Acquires J.M. Insurance in Tennessee

Jan 31, 2022 -- Higginbotham Insurance has added J.M. Insurance Agency to its family in Tennessee. J.M. is an independent broker of commercial and...
 

Alera Group Acquires Cate-Russell Agency in Tennessee

Jan 28, 2022 -- Alera Group has acquired six agencies around the country, including Cate-Russell Insurance, an independent insurance agency in Maryville....
 
 
 
 
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