Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
October 22, 2021
 
 
 

Canal Expands to Larger HQ in South Carolina

Oct 22, 2021 -- After adding 85 employees in the last three years, trucking insurer Canal Insurance will move to a new headquarters in downtown...
 

Activist Investor Starboard Takes New Stake in Willis, Saying Broker Undervalued

Oct 21, 2021 -- Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance...
 

Howden Acquires Bermuda-Based Insurance Broker Foram

Oct 21, 2021 -- Howden, the London-based insurance broker, announced the acquisition of Foram Brokerage Ltd., an independent re/insurance broker based in...
 

UK MGA CFC Underwriting Receives Major Investment From 2 Private Equity Firms

Oct 21, 2021 -- CFC Underwriting, the London-based specialist managing general agent, announced a major investment jointly led by EQT and Vitruvian...
 

UK's BMS Acquires South Korean Broker VIB, Led by Former Aon Executive

Oct 21, 2021 -- BMS, the UK independent specialist insurance and reinsurance broker, announced the acquisition of Seoul-based insurance broker, Value-add...
 

Castel Targets U.S. Professional Liability Business With Launch of Underwriting Cell

Oct 21, 2021 -- Castel Underwriting Agencies Ltd. has launched a new underwriting cell, North American Professional Liability (NAPL), to focus on...
 

Acrisure Enters Brazilian Market with Purchase of Broker It'sSeg

Oct 21, 2021 -- Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It'sSeg, the largest...
 

Oli Insurance Services Acquires Rose City Associates in Oregon

Oct 20, 2021 -- Oli Insurance Services Inc. has acquired Rose City Associates in Portland, Ore. Pete Lackner and Bob Asher created Rose City Associates...
 

Russia's Renaissance Insurance to Cut Size of IPO to $250M: Sources

Oct 20, 2021 -- MOSCOW – Russia's Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources...
 

Broker Aston Lark Announces 40th Acquisition Since 2018 Launch

Oct 20, 2021 -- Aston Lark, the Goldman Sachs-backed broker, announced the acquisition of Absolute Products Ltd., its 40th deal since its formation in...
 

One80 Acquires Louisiana's Equity Partners Insurance Services

Oct 19, 2021 -- Boston-based One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), warranty and...
 

JAB to Acquire Chicago's Figo Pet Insurance

Oct 19, 2021 -- Independence Pet Holdings (IHC), the U.S. pet insurance platform for JAB Holding Co., a German conglomerate based in Luxembourg, is...
 

Brown & Brown Acquires Wisconsin's Remedy Analytics

Oct 19, 2021 -- Brown & Brown, Inc. has acquired all of the stock of Remedy Analytics. Founded in 2011 by current chief executive officer, Scott L....
 

The Hilb Group Acquires Connecticut's Gerardi Insurance Services

Oct 19, 2021 -- The Hilb Group acquired Connecticut-based Gerardi Insurance Services Inc., increasing its New England footprint. The transaction became...
 

Insurance Agency M&As Up 13% Thus Far in 2021: Optis

Oct 19, 2021 -- There were 553 announced insurance agency mergers and acquisitions during the first three quarters of 2021, up from 490 in 2020,...
 

Arthur J. Gallagher & Co. Buys New Zealand's Matt Jensen Insurance Brokers

Oct 19, 2021 -- Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Taupo, New Zealand-based Matt Jensen...
 

Gallagher Completes Acquisition of India's Edelweiss Gallagher Insurance Brokers

Oct 18, 2021 -- Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based...
 

FWD Group's $2 Billion Insurance IPO Stalls in U.S.: Sources

Oct 18, 2021 -- Billionaire Richard Li's U.S. initial public offering of his Asian insurance group, FWD Group Holdings Ltd., is stalling amid regulators'...
 

Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc.

Oct 18, 2021 -- Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of...
 

Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger

Oct 18, 2021 -- For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them...
 

Mosaic Insurance Opens First U.S.-Based Office Location in New York City

Oct 15, 2021 -- Mosaic Insurance has opened an office in New York City. This is its first U.S.-based physical address for a growing number of employees....
 
 
 
 
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