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Insurance Mergers & Acquisitions

 
January 8, 2021
 
 
 
 
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Heffernan Insurance Brokers Merges with Porter & Curtis, Establishes Penn. Office

Jan 7, 2021 -- Heffernan Insurance Brokers, a full-service, independent insurance brokerage firm, has merged with Porter & Curtis LLC, a...
 

Hudson Gains Professional Lines Renewal Rights, Experienced Team from Validus

Jan 7, 2021 -- Hudson Insurance Group has completed a business transfer agreement with Validus Specialty Underwriting Services for the renewal rights...
 

Arthur J. Gallagher & Co. Acquires Canada's Cain Insurance Services Ltd.

Jan 7, 2021 -- Arthur J. Gallagher & Co. announced the acquisition of Cain Insurance Services Ltd., based in Fredericton, New Brunswick in Canada....
 

LUBA Workers' Comp Acquires Florida-Based FHM Insurance Services

Jan 7, 2021 -- The board of directors of LUBA Workers' Comp, a regional casualty insurance company insuring businesses across the Gulf South, has...
 

Insurer Centene to Buy Magellan for $2.2 Billion to Expand Its Mental Health Services

Jan 6, 2021 -- Health insurer Centene Corp. said on Monday it has agreed to buy Magellan Health Inc. in a $2.2 billion deal including debt, looking to...
 

Global Risk Solutions Acquires Texas Energy Loss Specialist, R Winkler & Co.

Jan 6, 2021 -- Claims adjusting and environmental risk management solutions provider, Global Risk Solutions Inc., has acquired specialist energy sector...
 

Insurance Office of America Acquires Enterprise Risk Strategies in Colorado

Jan 6, 2021 -- Insurance Office of America has acquired Enterprise Risk Strategies LLC in Denver, Colo. Terms of the deal were not disclosed. Enterprise...
 

Charles Taylor Acquires Wisconsin TPA, Insurance Management Firm Aegis

Jan 6, 2021 -- Charles Taylor, a technology products and services to the global insurance market, has acquired Aegis Corp. (Aegis), a Wisconsin-based...
 

Platinum Specialty Underwriters Acquires IPC in Nevada

Jan 5, 2021 -- Platinum Specialty Underwriters has acquired International Property & Casualty Insurance Brokers of Nevada Inc. IPC will continue to...
 

Arthur J. Gallagher & Co. Acquires Ashton Tiffany in Arizona

Jan 5, 2021 -- Arthur J. Gallagher & Co. has acquired Phoenix, Ariz.-based Ashton Tiffany LLC. Terms of the deal were not disclosed. Ashton Tiffany...
 

Genworth Eyes Partial IPO as $2.7B Deal with China Oceanwide Stalls

Jan 5, 2021 -- Genworth Financial and China Oceanwide Holdings Group Co. can't seem to put the finishing touches on their agreement for Oceanworth to...
 

PHLY Acquires Staffing Insurance Business from World Wide Specialty Programs

Jan 5, 2021 -- Philadelphia Insurance Companies (PHLY) has acquired the Staffing Insurance Business offered by World Wide Specialty Programs Inc., based...
 

UK Broker Specialist Risk Group Acquires KBIS British Equestrian Insurance

Jan 5, 2021 -- Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has acquired KBIS British Equestrian Insurance, a...
 

Abundant Capital Led to Moderated Price Hikes During January Renewals: Carpenter

Jan 5, 2021 -- Price increases at the Jan. 1, 2021 reinsurance renewals were moderated compared to initial expectations as a result of abundant capital...
 

Amazon, Berkshire, JPMorgan Closing Down Joint Healthcare Venture

Jan 4, 2021 -- The healthcare joint venture of Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co., will cease to exist at the end of...
 

Brown & Brown Acquires Assets of Ohio's Berry Insurance Group

Jan 4, 2021 -- Brown & Brown of Ohio LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Berry Insurance...
 

Global Risk Solutions Acquires Texas' Tailored Adjustment Services

Jan 4, 2021 -- Global Risk Solutions Inc., a provider of property/casualty claims, environmental risk management and complex claims products and...
 

CBIZ Acquires New Jersey's Borden Perlman Insurance Agency

Jan 4, 2021 -- CBIZ Inc., a provider of financial, insurance and advisory services, has acquired Borden Perlman Insurance Agency Inc. (BP) of Ewing,...
 

Nexus Completes Acquisition of Hiscox MGA Marine Business

Jan 4, 2021 -- Independent specialty managing general agent (MGA) Nexus Group announced it completed the acquisition of the Hiscox MGA Marine business...
 

Premia Holdings Expands Reinsurance Capacity with Formation of Elevation Re

Jan 4, 2021 -- Premia Holdings Ltd. announced the formation of Elevation Re (SPC) Ltd., a sidecar vehicle which will provide collateralized reinsurance...
 

Generali to Purchase AXA's Greek Operations for $203 Million

Jan 4, 2021 -- Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to expand in European...
 

The Hilb Group Acquires New York's Hiram Cohen & Son Inc.

Dec 30, 2020 -- The Hilb Group LLC (THG) has acquired New York-based Hiram Cohen & Son Inc. (HCS). The transaction became effective on December 1,...
 

Constellation Affiliated Acquires Coastal Insurance Underwriters, Cybercom of Florida

Dec 30, 2020 -- Constellation Affiliated Partners has acquired Florida-based MGU Coastal Insurance Underwriters and Cybercom. Financial terms of the...
 

UK Insurer Admiral Sells Price Comparison Unit to Zoopla in $685 Million Deal

Dec 29, 2020 -- UK home and car insurer Admiral Group Plc agreed to sell its price-comparison unit to the owner of property portal Zoopla in a...
 

Sompo Acquires Diversified Crop Insurance, Forms AgriSompo North America

Dec 29, 2020 -- Sompo International Holdings Ltd. (SIH), a Bermuda-based specialty provider of property/casualty insurance and reinsurance, has acquired...
 

BKS-Partners to Acquire Assets of Tanner, Ballew & Maloof of Atlanta

Dec 29, 2020 -- Baldwin Krystyn Sherman Partners, LLC (BKS-Partners), the middle-market indirect subsidiary of BRP Group, has entered into an agreement...
 

W. R. Berkley Corp. Launches Special Purpose Reinsurer in Bermuda

Dec 28, 2020 -- W. R. Berkley Corp. announced the formation of Lifson Re Ltd., a special purpose reinsurer registered in Bermuda and licensed by the...
 

Argo Group Agrees to Sell Its Italian Business

Dec 28, 2020 -- Argo Group International Holdings Ltd., a Bermuda-based underwriter of specialty insurance products, announced an agreement to sell its...
 

DealerPolicy Purchases Insurance Business from Granite State Independent Insurance

Dec 23, 2020 -- DealerPolicy Insurance Agency of Williston, Vt., has purchased the insurance business associated with Granite State Independent Insurance...
 

Sompo Acquiring W. Brown & Associates in California

Dec 22, 2020 -- Sompo International Holdings Ltd. has acquired W. Brown & Associates Insurance Services in Irvine, Calif. Brown has been a managing...
 

Brown & Brown Agrees to Acquire Irish Broker O'Leary Insurances

Dec 22, 2020 -- Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire the general insurance...
 

Legacy Specialist DARAG Completes First Acquisition in Luxembourg

Dec 22, 2020 -- DARAG Group Ltd., the Malta-based legacy acquirer, announced the completion of its purchase of Arisa Assurances SA, a Luxembourg-based...
 

The Hilb Group Acquires New Jersey's William H. Connolly & Co.

Dec 22, 2020 -- The Hilb Group LLC (THG) has acquired New Jersey-based William H. Connolly & Co. LLC (WHC). The transaction became effective on...
 

Insurance M&A Rebound to Continue Into 2021: PwC

Dec 22, 2020 -- Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue...
 

The Hilb Group Acquires Plan Benefit Services of South Carolina

Dec 21, 2020 -- The Hilb Group, LLC has acquired South Carolina-based Plan Benefit Services, Inc. (PBSI). The transaction became effective on Dec. 1,...
 

Update: Aon Confirms EU Antitrust Probe of Merger with Willis Towers Watson

Dec 21, 2020 -- Aon plc confirmed that the European Commission (EC) has initiated a review of the company's proposed $30 billion bid for Willis Towers...
 

Lloyd's Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance

Dec 21, 2020 -- Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate...
 

UK Broker, Specialist Risk Group, to Be Acquired by Private Equity Firm HGGC

Dec 21, 2020 -- Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has signed a definitive agreement to be acquired by...
 

Arthur J. Gallagher Acquires Texas Benefits Broker, PIATX

Dec 18, 2020 -- Arthur J. Gallagher & Co. has acquired San Antonio-based PIATX LLC. Terms of the transaction were not disclosed. Founded in 2009,...
 

Risk Strategies Acquires New York's FBA National

Dec 18, 2020 -- Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired FBA National, a specialist in...
 
 
 
 
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