Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
July 30, 2021
 
 
 

Anti-Fraud Tech Company FRISS Raises $65 Million to Fund Expansion

Jul 30, 2021 -- FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new...
 

Fitch Sees No Ratings Change, 'Modest Benefit' for Liberty Mutual in State Auto Buy

Jul 29, 2021 -- Fitch Ratings said it does not expect Liberty Mutual Holding Co. Inc.'s ratings to be impacted by its planned acquisition of State Auto...
 

Howden Acquires Independent Italian Broker Andrea Scagliarini SpA

Jul 29, 2021 -- Howden, the London-based insurance broker, announced an agreement to acquire Italian broker Andrea Scagliarini SpA. Financial details of...
 

British On-Demand Drone Insurer Flock Raises $17 Million in Funding

Jul 29, 2021 -- British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya's...
 

Keystone Agency Investors Partners with 2 Midwest Agencies

Jul 28, 2021 -- Keystone Agency Investors (KAI), a private equity backed investment firm that is a majority owner of independent insurance agencies,...
 

The Hilb Group Acquires Massachusetts' MillBrook Benefits and Insurance Services

Jul 28, 2021 -- The Hilb Group has acquired Massachusetts-based MillBrook Benefits and Insurance Services LLC, strengthening its presence throughout New...
 

Peak Re to Buy Remaining 50% Stake in Caribbean Insurance Group NAGICO

Jul 28, 2021 -- Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it has reached a definitive agreement to acquire the remaining...
 

Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped

Jul 27, 2021 -- Arthur J. Gallagher & Co. announced it has terminated its May 12, 2021 agreement to acquire Willis Re and certain other Willis Towers...
 

Broker Ardonagh Group Launches Ardonagh Europe to Expand Buy-and-Build Strategy

Jul 27, 2021 -- The Ardonagh Group announced the creation of Ardonagh Europe as it prepares to take its buy-and-build model to Europe. Ardonagh Europe...
 

Update: Aon and Willis Terminate $30B Merger; Aon to Pay $1B Break-up Fee

Jul 26, 2021 -- Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their $30 billion business combination agreement and...
 

Alera Group Acquires Oklahoma's Keller Insurance Agency

Jul 23, 2021 -- Alera Group, an independent, national insurance and wealth management firm based in Deerfield, Illinois, acquired Keller Insurance...
 

Relation Insurance Services Acquires Assets of SIG Insurance Agencies

Jul 23, 2021 -- Relation Insurance Services Inc. acquired the assets of The SIG Insurance Agencies. The partnership with SIG strengthens Relation's...
 
 
 
 
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