2023 M&A News

Arthur J. Gallagher & Co. Acquires Canadian Consultant Horn

Arthur J. Gallagher & Co. announced the acquisition of Toronto, Ontario-based A.H. Horn and Associates Ltd. (which does business as Horn). Terms of the transaction were not disclosed. Horn provides sales and leadership development programs and consulting services across a …

Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting

DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal were not disclosed. DUAL said, the acquisition cements …

Broker Verlingue Expands UK Footprint With Acquisition of Brunsdon Employee Benefits

Verlingue has announced the acquisition of Gloucester, England-based Brunsdon Employee Benefits, an independently owned employee benefits specialist. The deal, subject to regulatory approval, supports Verlingue’s recent expansion in the Midlands and Southwest and significantly boosts its employee benefits capabilities in …

AXA Agrees to Purchase Laya Healthcare From AIG for €650 Million

AXA announced it has entered into an agreement to acquire Laya Healthcare Ltd. from Corebridge Financial Inc., a subsidiary of AIG. Laya has a leading position in the Irish health market with approximately a 28% market share, serving close to …

Clear Group Acquires UK Specialist MGA, Profile Risk Solutions

The Clear Group, the London-based independent broker, announced the acquisition of a specialist commercial lines managing general agent, Profile Risk Solutions Ltd. This represents the Clear Group’s third MGA deal and is a continuation of its strategy to build a …

Risk Strategies Acquires Castle Rock Capacity in New York

National specialty insurance broker Risk Strategies has acquired Castle Rock Capacity, a property/casualty insurance broker with a specialty in the construction, real estate and development industries. Headquartered in New York City, Castle Rock was co-founded in 2006 by Jon Lipton, …

Brown & Brown to Acquire Wholesale Broker New England Excess Exchange

Florida-based global insurance broker Brown & Brown, Inc. has agreed to acquire Vermont-based wholesale broker New England Excess Exchange (NEEE). The acquisition will be through Bridge Specialty Group, the wholesale insurance division of Brown & Brown with more than 25 …

Young Agency Group of Virginia Joins World Insurance

Insurance broker World Insurance Associates acquired the business of Young Insurance Agency Group, Inc. of Portsmouth, Virginia on July 1, 2023. Young Insurance, founded in 1973, offers business, personal and life and health insurance, as well as security services. William …

Tokio Marine HCC Acquires Mississippi-Based Medical Plan Administrator

Tokio Marine HCC today announced it has agree to acquire Gulf Guaranty Employee Benefit Services, Inc., a Jackson, Mississippi-based third-party administrator and managing general underwriter that designs, underwrites and administers group gap medical plans for small and mid-sized businesses. Tokio …

Digital Asset Insurer Evertas Acquires Bitsure, Crypto Mining Insurance Specialist

Evertas, the Chicago-based dedicated crypto insurance company, announced the acquisition of Bitsure, the world’s first insurer dedicated to coverage for crypto mining operations. Launched in 2021, Cape Town, South Africa-based Bitsure bound its first mining policy in June of 2022, …