Acquisitions
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Everest Group Sells EverSports to Ryan Specialty
Everest Group has announced a strategic agreement with Ryan Specialty, a leading international specialty insurance firm
WTW Announces Sale of Tranzact for US$632.4 Million
Willis Towers Watson has announced plans to sell its direct-to-consumer insurance distribution business, Tranzact, to private equity firm GTCR for US$632.4 million.
Ripe Thinking Acquires GJW Direct
UK-based insurance company Ripe Thinking has announced the acquisition of GJW Direct, a specialist in non-commercial marine insurance, from Munich Re Specialty. The deal is expected to be finalised in the first half of 2025.
Miller Completes Acquisition of Spanish Broker Bruzon
Miller, a leading specialist re/insurance broker, has finalized its acquisition of Bruzon Correduría de Seguros y Reaseguros, a Madrid-based commercial insurance broker.
Marsh to Acquire McGriff Insurance Services for US$7.75 Billion
Marsh McLennan has announced plans to acquire McGriff Insurance Services, a leading provider of insurance broking and risk management services in the United States.
Axis Insurance Acquires O’Neill Group to Expand Employee Benefits Practice
Axis Insurance Managers Inc. (“Axis Insurance”) has announced the acquisition of the O’Neill Group, a prominent employee group benefits, life insurance, and wealth advisory firm in British Columbia.
AXIAN Group Acquires Stake in WiASSUR
The pan-African AXIAN Group has completed a strategic acquisition of a stake in WiASSUR, a Côte d’Ivoire-based insurance start-up, marking a significant step in AXIAN’s expansion into the African insurance sector.
King Risk Partners Expands with Acquisition of Cypress Risk Management
King Risk Partners continues its strategic expansion with the acquisition of Cypress Risk Management for an undisclosed amount.
Xceedance Acquires Millennium Information Services
Xceedance, a global insurance consulting, technology, and managed services provider, has announced the acquisition of Millennium Information Services, a leader in property inspection and data analytics.
Flywire Acquires Invoiced to Expand B2B Payments Capabilities
Flywire Corporation, a leading global payments enablement and software company, has announced the acquisition of Invoiced, a SaaS platform specialising in automating the Accounts Receivable (A/R) process for mid-market businesses.
Relation Insurance Services Acquires Whitney Oaks Insurance Services, Inc.
Relation Insurance Services has announced the acquisition of Whitney Oaks Insurance Services, Inc., effective August 30, 2024. The terms of the transaction were not disclosed.
Inszone Insurance Expands with Catalyst Benefits Acquisition
Inszone Insurance Services, a leading provider of commercial, personal, and benefits insurance, has announced the acquisition of Catalyst Benefits Group, LLC, an employee benefits brokerage based in Tulsa, Oklahoma.
Legal & General to Sell CALA Group for £1.35 Billion
Legal & General has announced the sale of its UK housebuilding subsidiary, CALA Group, to Ferguson Bidco Limited, a company owned by funds managed by Sixth Street Partners and Patron Capital.
PCF Insurance Services Acquires Top Insurance Associates
PCF Insurance Services, a leading U.S. insurance brokerage, announced today the acquisition of the insurance business of Top Insurance Associates, an all-lines insurance agency based in Snohomish, Washington.
Voya Financial to Acquire OneAmerica Financial’s Full-Service Retirement Plan Business
Voya Financial and OneAmerica Financial have entered into a definitive agreement for Voya to acquire OneAmerica Financial’s full-service retirement plan business.
Cinven acquires 50% of Policy Expert from ADIA Dhabi Investment Authority
Policy Expert, the award-winning home and motor insurance provider, has secured new backing from international private equity firm Cinven to support its expansion and growth strategy.
Akur8 Acquires Arius to Enhance Reserving Solutions for Insurance Industry
Akur8, a provider of machine learning-based insurance pricing solutions, has announced the acquisition of Arius®, a property and casualty (P&C) reserving software.
NFP Acquires Scott Litman Insurance Agency to Expand Habitational Risk Expertise
NFP, an Aon company and a leading property and casualty (P&C) broker, has acquired Scott Litman Insurance Agency (SLIA), a Calabasas-based firm specializing in habitational risk.
GoHealth to Acquire e-TeleQuote Insurance
GoHealth, a prominent health insurance marketplace, has announced a significant step forward with its acquisition of e-TeleQuote Insurance, a well-regarded player in the Medicare insurance market.
Clear Group Announces Acquisition of Accelerate Underwriting
The Clear Group, an independent insurance broker based in London, has acquired managing general agency Accelerate Underwriting.
Kenyan Watchdog Approves Majority Stake in Monarch
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of a 51% shareholding in Monarch Insurance by a consortium of three firms: Ondoba, Kenyoro, and Equico Thirteen.
Dual UK Announces Acquisition of IPP
DUAL UK, the specialist underwriting arm of Howden Group, has announced its acquisition of International Passenger Protection (IPP) in both the UK and Malta, pending regulatory approval.
Rising Edge to Acquire AMANIKI
Rising Edge Ltd has announced an agreement to acquire AMANIKI GmbH, a move that will enable the company to launch a suite of Transactional Liability insurance products.
Inszone Announces Acquisition of A&B Insurance
Inszone Insurance Services, which recently acquired Keith Williams Insurance Agency in Texas, has once again expanded its portfolio by acquiring A&B Insurance Agency in Marin County, California.
PCF Completes Acquisition of 360 Insurance
PCF Insurance Services has announced the completion of the acquisition of 360 Insurance, a Nevada-based insurer.
Allstate to Sell Employer Voluntary Benefits Business to The Standard for US$2 Billion
Allstate has announced its decision to sell its Employer Voluntary Benefits business to The Standard for $2 billion in cash. The move is part of Allstate’s broader strategy to streamline its operations and focus on core business areas
HUB Completes Acquisition of Clark401k
HUB International, the global insurance brokerage and financial services firm, has announced it has completed the acquisition of Clark 401K. The terms of the deal were not disclosed.
Howden Acquires ActiveQuote
Howden has completed the acquisition of Health and Life Insurance broker Help Me Compare Group (which trades as ActiveQuote) and its subsidiaries, boosting Howden’s position in the UK market.
Hub Completes Acquisition of IMC
Hub International Limited, a global brokerage and financial services firm, has completed the acquisition of Pennsylvania-based Insurance Management Company (IMC). The terms of the deal were not disclosed.
King Insurance Partners Acquires Lincoln Insurance Group
King Insurance Partners has announced the acquisition of Lincoln Insurance Group, an independent insurance agency based in McDonough, Georgia. The acquisition aims to expand King Insurance Partners’ service offerings and strengthen its market presence.
Geo Underwriting Acquires Navigators & General
Geo Underwriting, a part of Ardonagh Advisory, has announced it will acquire Navigators & General (N&G) from Zurich UK.
Ambac Completes 60% Controlling Stake in Beat
Ambac Financial Group has completed the acquisition of a 60% controlling stake in London-based insurance underwriting and MGA incubation platform Beat Capital Partners.
AXA Acquires Gruppo Nobis
AXA has announced it is set to acquire Gruppo Nobis for an upfront payment of €423 million, with a potential extra earn-out of up to €55 million.
EPIC Acquires Century Insurance Group
EPIC Insurance Brokers and Consultants has completed the acquisition of US-based Century Insurance Group for an undisclosed sum.
Allianz to Acquire Majority Stake in Singapore’s Income Insurance
German insurer Allianz announced on Wednesday that it plans to buy a majority stake in Singapore’s Income Insurance for around $1.6 billion, as it seeks to strengthen its position in Asia.
Heffernan Insurance Expands Portfolio with Acquisition of Costello Insurance Associates
Heffernan Insurance, one of the largest independent insurance brokerage firms in the United States, has announced the acquisition of Costello Insurance Associates, a move that officially adds aviation expertise to its extensive range of services.
HUB International Acquires Wyatt Insurance Services, Inc. in Tennessee
Hub International Limited (Hub) has expanded its footprint in Tennessee with the acquisition of Wyatt Insurance Services, Inc.
Marsh Acquires Horton Group
Marsh McLennan has announced the acquisition of The Horton Group, a leading insurance brokerage and one of the top independent insurance brokers. The terms of the deal have not been disclosed.
Unum Group Sells Medical Stop Loss Operations to Amynta Group
Unum Group has announced a definitive agreement to sell its Medical Stop Loss business to the Amynta Group, an insurance services company.
EY Report Reveals Surge in UK Insurance M&A Deals in H1 2024
An EY report has highlighted a significant increase in publicly disclosed M&A deals in the UK insurance industry, rising from 54 deals in H1 2023 to 94 in H1 2024. The overall deal value has also surged from £400 million to £900 million.
Hiscox Shares Soar Amidst Reported Takeover
Shares in Hiscox surged as much as 14% on Monday following reports that two foreign rivals are considering takeover bids for the Lloyd’s of London insurer.
Utmost Group Announces Acquisition of Lombard International
Utmost Group has announced an agreement to acquire Lombard International Assurance Holdings, subject to regulatory and other approvals.
Charles Taylor Expands Aviation Adjusting Services with Acquisition of M3 Aviation Services
Charles Taylor, a leading provider of international adjusting services and technology solutions for the global insurance market, has acquired US.-based independent loss adjuster M3 Aviation Services, effective June 27, 2024.
Novidea Acquires Automated Document Generation Leader Docomotion
Novidea, the creator of a cloud-based, data-driven enterprise insurance management platform, has announced the strategic acquisition of Docomotion, a leader in automated document generation technology. The acquisition is expected to close within the week.
ITM Acquired by European Insurtech Firm Lumera
UK-based life and pensions data management and technology company ITM has been acquired by Lumera, a European insurtech firm specialising in life and pensions solutions.
Zurich to Acquire AIG’s Global Personal Travel Insurance Business for US$600 Million
Zurich Insurance Group (Zurich) has announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, with an additional potential earn-out payment. The move will also boost Zurich’s position as a leading travel insurer in the US and globally
PCF Insurance Completes Four Strategic Acquisitions
PCF Insurance Services, one of the top twenty US insurance brokers operating across 40 states, has announced the acquisition of four key agencies: Ignitist in Pennsylvania, The Brady Agency in North Carolina, Roseberry Insurance Agency in Mississippi, and The Sinnott Agency in Iowa.
Zurich Acquires US$670 Million Majority Stake in Kotak General Insurance to Build Leading Insurer in India
Zurich Insurance has announced the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited (“Kotak General Insurance”), marking a significant milestone as the first foreign insurer to enter India since the foreign direct investment (FDI) rules were amended to allow up to 74% foreign ownership in 2021.
Digital Care rebrands to bolttech following 2023 Acquisition
bolttech has announced that Digital Care, a Poland-based device protection and services provider, has been renamed and rebranded as bolttech Poland.
AM Specialty Insurance Group Announces Acquisition of Pinpoint Insurance Solutions
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, announced it has completed the acquisition of Pinpoint Insurance Solutions, an MGA, surplus lines brokerage, and national programme administrator.
DOXA acquires CPH Insurance
DOXA Insurance announced it has acquired specialty MGA CPH Insurance, which caters to the professional liability needs of mental health, allied health, and healthcare professionals.
Brown & Brown Announces Acquisition of Rollins Insurance Brokers
Brown & Brown, the global insurance brokerage, has announced it has acquired 100% of Northern Ireland-based Rollins Insurance Brokers.
Fixle Acquires EasyHome to Enhance Home Management Solutions
Fixle, Inc., a prominent provider of home management solutions in the proptech and insurtech sectors, has announced its acquisition of EasyHome, Inc., a software developer specialising in modernising property care and management.
Ambac Acquires 60% Controlling Interest in Beat Capital Partners
Ambac Financial Group, the Insurance holding company has agreed to acquire 60% controlling interest in London-based insurer and MGA Beat Capital Partners for $282 million.
Pen Underwriting Acquires Wrightway, Launching Operations on the Republic of Ireland
Arthur J. Gallagher has announced that its specialist underwriting subsidiary Pen Underwriting has acquired Irish-based MGA Wrightway Underwriting Limited .
NSM Insurance Group Acquires Strategic Underwriters International
NSM Insurance Group, a Global Specialty Insurance Provider, operating more than 25 niche insurance programmes, announced it has completed the acquisition of Strategic Underwriters International, an MGA in the casualty facultative reinsurance marketplace.
Marsh Mclennan Acquires Perkins Insurance to Boost its Insurance Offerings in West Texas.
Marsh McLennan agency announced it has acquired Perkins Insurance Agencies, an independent agency based in Abilene, Texas as Marsh seeks to expand its offerings in West Texas.
Inszone Insurance Services Makes Third Acquisiton This Month, Acquires T Blackwell Insurance Group.
Inszone Insurance Services announced that it has acquired T Blackwell Insurance Group, as it Continues its Recent Spree of Deals
Marsh McLennan Announces Sentrisk, an AI-powered Solution to Assess Supply Chain Risk Management
Marsh McLennan, the Global Re/Insurance broker has announced the launch of Sentrisk, an AI-Powered platform which offers integrated advisory services. Sentrisk aims to reshape the way that businesses manage their global supply chain risks.
Howden Acquires Latin American Parametric Insurance Specialist MiCRO
Howden has announced the acquisition of MiCRO, a microinsurance specialist focused on providing parametric insurance coverage to underserved populations in Latin America, specifically against natural catastrophes.
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