Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
May 21, 2021
 
 
 

Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios

May 21, 2021 -- Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it...
 

Waffle Raises $5M for Its 'All-in-One' Virtual Insurance Agency

May 21, 2021 -- The insurtech Waffle has raised $5 million in seed funding, with plans to offer cyber, renters, pet, travel and life insurance in the...
 

Iowa's Ramsey-Weeks Insurance Merges with First Mainstreet

May 20, 2021 -- Ramsey-Weeks Insurance in Grinnell, Iowa, has merged with First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies...
 

Element Risk Management Acquires Pennsylvania's Smith Insurance

May 20, 2021 -- Element Risk Management has acquired Smith Insurance with locations in Hershey and Williamstown, Pennsylvania. Smith Insurance was...
 

'Cat-Prone' Startup Kin Insurance in Talks to Go Public With 'Shark Tank' Judge's SPAC

May 20, 2021 -- Home-coverage startup Kin Insurance is in talks to go public via Omnichannel Acquisition Corp., a special purpose acquisition company led...
 

Square Pegs Becomes Castel Underwriting Cell, Offering Cover for Complex SME Risks

May 20, 2021 -- Square Pegs, which offers specialist insurance coverage for complex and unusual risks via a dedicated e-trading platform, has become a...
 

Insurance Comparison Site Jerry Raises $28 Million

May 20, 2021 -- Auto insurance comparison site Jerry has raised $28 million in new financing. The startup, which operates as a licensed insurance broker,...
 

Arthur J. Gallagher Acquires Garner & Glover Co. of Georgia

May 19, 2021 -- Arthur J. Gallagher & Co. has acquired Rome, Georgia-based Garner & Glover Company. Terms of the transaction were not disclosed....
 

Newfront Acquires Aviation Marine Insurance in California

May 19, 2021 -- Newfront Insurance has acquired Aviation Marine Insurance Services in Sausalito, Calif. Terms of the deal were not disclosed. AMIS is led...
 

Howden Acquires UK Specialist Broker Medical Professional Risk Solutions (MPRS)

May 19, 2021 -- Howden Broking announced it has acquired Medical Professional Risk Solutions (MPRS), a specialist insurance broker for the primary care...
 

Alera Group Acquires Direct Benefits in Minnesota

May 19, 2021 -- Alera Group, an independent, national insurance and wealth management firm based in Deerfield, Illinois, has acquired Direct Benefits...
 

G2 Insurance Services Acquires Assets of Ohio's Schroeder Group

May 18, 2021 -- San Francisco-based insurance brokerage firm G2 Insurance Services LLC has acquired the assets of Schroeder Group Inc., an independent...
 

Medical Protection Society Receives Approval to Form Full Lloyd's Syndicate

May 18, 2021 -- Asta, the third-party managing agent at Lloyd's, announced it has received "in principle" approval from the Lloyd's Council for the...
 

Buffett's Berkshire Hathaway Takes Big Stake in Aon

May 17, 2021 -- Berkshire Hathaway Inc. said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its...
 

InterWest Opens New Nevada Office, Acquires Aegis in California

May 17, 2021 -- InterWest Insurance Services LLC has opened a new office in Reno, Nev., and has acquired Aegis Insurance Markets in Truckee, Calif. Terms...
 

Emerson Reid Acquires Ohio's May Insurance Services

May 17, 2021 -- Emerson Reid LLC, an employee benefits wholesale general agent, has acquired Columbus, Ohio-based employee benefits services firm, May...
 

Aon to Sell Pensions Business in Germany, in Another Step to Get EU Nod for WTW Deal

May 17, 2021 -- Aon plc announced it has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions...
 

High Street Insurance Partners Acquires Paladin, Richardi-Demola Insurance Agencies

May 14, 2021 -- High Street Insurance Partners (HSIP), a full-service insurance brokerage platform, has acquired New Jersey-based Paladin Insurance...
 
 
 
 
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