Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
$3 Billion BP Deepwater Horizon Settlement Funding Massive Ecosystem Restoration in Louisiana’s Plaquemines Parish
Aug 14 2023 // NEW ORLEANS (AP) – Nearly $3 billion in settlement money from the BP Deepwater Horizon disaster that devastated the Gulf Coast and killed hundreds of thousands of marine animals is now funding a massive ecosystem...
Global Insurance M&A Drops Sharply in First Half 2023
Aug 11 2023 // Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a new report has found. M&A were down 17% worldwide during the first half of 2023,...
NFP Buys Hafetz & Associates in New Jersey
Aug 10 2023 // NFP, a property-casualty insurance broker, benefits consultant and retirement advisor, has acquired Hafetz & Associates, based in Linwood, New Jersey. Hafetz is a general agent specializing in health benefits, work...
Inszone Expands in Texas With Acquisition of Speck Insurance
Aug 9 2023 // Inszone Insurance Services, a national provider of benefits, personal, and commercial lines insurance, announced the acquisition of Speck Insurance and Financial Services. Terms were not disclosed. The acquisition includes...
Arthur J. Gallagher Acquires Wigmore Insurance Agency in California
Aug 8 2023 // Arthur J. Gallagher & Co. acquired Costa Mesa, California-based Wigmore Insurance Agency Inc. Tim Wigmore and his team will remain in their current location under the direction of Scott Firestone, head of...
Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting
Aug 7 2023 // 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...
Team One and Southwest Adjusters Announce Merger Backed by Longshore Capital Partners
Aug 7 2023 // Irving, TX., August 7, 2023 – Team One Adjusting Services (“Team One”), a provider of claims adjusting and claims management services, and Southwest Adjusters (“SWA”), a multi-line independent...
Broker Verlingue Expands UK Footprint With Acquisition of Brunsdon Employee Benefits
Aug 4 2023 // 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...
Valent Group Acquires Coastal Professional Insurance in Alabama
Aug 4 2023 // Birmingham-based Valent Group, an insurance brokerage and risk management firm, has acquired Coastal Professional Insurance Inc., an independent agency in Mobile, Alabama. Coastal, or CPI, has been in the business for...
Acturis Enters U.S. Market with Acquisition of Broker Buddha
Aug 4 2023 // After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York...
Car App Jerry in California Gets $110M in Funding, Adds Services
Aug 3 2023 // Smart-car app maker Jerry received an additional $110 million in equity and debt financing to add its services designed to enable vehicle owners “manage all things car.” The Palo Alto, California-based company...
NR West Acquires Texas’ Foster Benefit Resources
Aug 2 2023 // NR West, the parent company of The Insurance Exchange, a premier Dallas-based General Agency, announced that it has completed its acquisition of Foster Benefit Resources, a full-service General Agency specializing in fully...
Marsh McLennan Agency Acquires Graham Company
Aug 2 2023 // Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy and one of the top independent insurance and employee benefits brokers in the...
Tenco Services Acquires James C. Greene Firm in Carolinas
Aug 1 2023 // Nashville-based Tenco Services Inc., a multi-line claims adjusting firm in six Southeastern states, plans to acquire the James C. Greene adjusting company in Raleigh, North Carolina, Tenco announced. Greene has offices in...
Clear Group Acquires UK Specialist MGA, Profile Risk Solutions
Jul 28 2023 // 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...
Risk Strategies Acquires Castle Rock Capacity in New York
Jul 26 2023 // 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...
Agency M&A Down 24% in First Half 2023: OPTIS
Jul 26 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of the year was 359, down 24% from 475 during the same time last year. “The drop-off in...
Arthur J. Gallagher & Co. Acquires South Dakota’s Hagan
Jul 25 2023 // Arthur J. Gallagher & Co. announced the acquisition of Sioux Falls, South Dakota-based Hagan Insurance Group. Terms of the transaction were not disclosed. Hagan Insurance Group provides insurance member benefits and...
PointeNorth Group Acquires Cooper Agency in Georgia
Jul 25 2023 // PointeNorth Insurance Group, one of the largest locally owned agencies in the Southeast, has acquired Cooper Insurance & Associates in McDonough, Georgia, the company announced. Cooper, founded in 1988, offers...
Brown & Brown to Acquire Wholesale Broker New England Excess Exchange
Jul 25 2023 // 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...
