Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
November 19, 2021
 
 
 

Kaplansky Insurance Acquires Massachusetts' Judith M. Flynn Agency

Nov 19, 2021 -- Kaplansky Insurance acquired Judith M. Flynn Insurance Agency Inc., located in Dorchester, Massachusetts. This deal serves as Kaplansky's...
 

State Farm and Generali Join Investors in Computer Vision Startup Nexar

Nov 19, 2021 -- State Farm and Generali joined the $53 million financing round for Nexar, an artificial intelligence computer vision startup based in New...
 

Canada Insurer Definity Surges on Market Debut After $1.6B IPO Backed by Swiss Re

Nov 19, 2021 -- TORONTO – Insurer Definity Financial Corp jumped as much as 36% on its stock market debut on Thursday after raising C$2.1 billion ($1.6...
 

BRP Group to Acquire Missouri's Brush Creek Partners

Nov 19, 2021 -- BRP Group, Inc., through an indirect subsidiary, has entered into an agreement to acquire substantially all the assets of Brush Creek,...
 

Vertafore Acquires Ohio-Based Insurtech AgencyZoom

Nov 18, 2021 -- Vertafore, a provider of insurance technology, has acquired Columbus, Ohio-based inusrtech AgencyZoom, a cloud-based sales automation...
 

World Insurance Associates Acquires Massachusetts' Pope Insurance Agency

Nov 18, 2021 -- World Insurance Associates LLC (WIA) acquired Pope Insurance Agency Inc. of Plainville, Massachusetts, on October 1, 2021. Terms of the...
 

Risk Strategies Acquires Connecticut's TriPoint Insurance

Nov 18, 2021 -- Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired TriPoint Insurance Inc., a national...
 

P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021

Nov 18, 2021 -- Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion...
 

BKS Partners Enters Agreement to Acquire Construction Risk Partners

Nov 17, 2021 -- Baldwin Krystyn Sherman Partners LLC (BKS Partners) entered into an agreement to acquire all the outstanding equity interests of...
 

Allianz Becomes First Wholly Foreign-Owned Life Insurer in China

Nov 17, 2021 -- Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become the...
 

Austin-Based Landlord Insurer Steadily Raises $31 Million

Nov 17, 2021 -- Austin-based landlord insurance company Steadily has completed its latest investment round, bringing its total funding to $31 million....
 

Willis Towers Watson to Acquire Israeli Broker Leaderim

Nov 17, 2021 -- Insurance broker Willis Towers Watson announced it has signed a definitive agreement to acquire Leaderim, an insurance broking and risk...
 

SoftBank-Backed Fintech Raises $761M in India IPO. Now Comes the Hard Part.

Nov 16, 2021 -- Yashish Dahiya's PB Fintech Ltd. climbed 23% on its first day of trading after raising $761 million in an IPO. Now comes the hard part....
 

Brown & Brown Acquires Another Agency in Florida

Nov 16, 2021 -- Brown & Brown, a national insurance brokerage firm, has acquired Heacock Insurance, a fifth-generation agency based in Central...
 

SullivanCurtisMonroe Acquires Stan Burns in California

Nov 16, 2021 -- SullivanCurtisMonroe acquired Stan Burns Insurance Services in Long Beach, California. Terms of the deal were not disclosed. Stan Burns...
 

Markel Corp. Puts Retrocessional ILS Fund Manager Into Run-Off

Nov 16, 2021 -- Markel Corp. announced it is winding down Lodgepine Capital Management Ltd., its retrocessional insurance linked securities (ILS) fund...
 

Aston Lark Continues Buying Spree With Purchase of UK Broker Philip Williams & Co.

Nov 15, 2021 -- Aston Lark, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced the acquisition of...
 

USI Acquires Washington-Based Griffin MacLean

Nov 15, 2021 -- USI Insurance Services has acquired Bellevue, Washington-based Griffin MacLean Insurance Brokers. Founded in 1981, Griffin MacLean is an...
 

Alera Group Acquires California's McSherry & Hudson Insurance Services

Nov 15, 2021 -- Alera Group, an independent, national insurance and wealth management firm, has acquired McSherry & Hudson Insurance Services, an...
 

Paytm's IPO Oversubscribed but Doesn't See Blow-out Demand From Investors

Nov 15, 2021 -- BENGALURU – Paytm's $2.5 billion initial public offering (IPO), India's largest, was oversubscribed at the close of bidding on...
 

Insurtech Funding on Track for New Record After Hitting $5.3B in Q3

Nov 12, 2021 -- Insurtechs continue to attract significant investor cash, pulling in a near-record $5.3 billion for the 2021 third quarter, representing...
 

Zurich American Acquires Texas-Based Special Insurance Services

Nov 12, 2021 -- Zurich American Insurance Company, a provider of insurance products and services to businesses in multiple industries, has signed an...
 

Aston Lark Acquires UK-Based Innovation Broking

Nov 12, 2021 -- Aston Lark Group, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced it has...
 

Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO

Nov 9, 2021 -- Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25...
 
 
 
 
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