Latest Mergers & Acquisitions Headlines

All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.

PEAK6 Acquires Florida’s Team Focus, Parent to MacNeil Group, Capacity Insurance

Jun 8 2021 // Investment firm PEAK6 announced that its insurance operations subsidiary, PEAK6 InsurTech, will acquire Team Focus Insurance Group, a Sunrise, Fla.-based property/casualty insurance firm that includes MacNeill Group, a...

Scottish American Acquires Ohio Work Comp Specialist, Fastcomp

Jun 8 2021 // Wholesale insurance broker and managing general agent, Scottish American, has acquired Fastcomp of Boston Heights, Ohio.Terms of the transaction were not disclosed. Fastcomp was created in 1998 by an experienced team of...

Hub Acquires Assets of California-Based EnterMedicare Inc.

Jun 8 2021 // Hub International Ltd. has acquired the assets of EnterMedicare Inc. in Los Angeles, Calif. Terms of the deal were not disclosed. Dennis Negron, Founder and CEO of EnterMedicare, and the EnterMedicare team will join...

TAGA Partners with Main Street America on Texas Farm/Ranch Coverage

Jun 4 2021 // Cedar Park, Texas-based Tejas American General Agency (TAGA) has formed an exclusive partnership with Main Street America Insurance, a member of the American Family Insurance group, to distribute its farm and ranch...

Propel Insurance Acquires South Carolina’s South Risk Management

Jun 4 2021 // Propel Insurance, a privately-owned insurance agency and portfolio company of Flexpoint Ford, has acquired South Carolina-based South Risk Management (SRM), a construction-focused insurance consulting firm.The acquisition...

Kin Insurance Funding Tops $69 Million as Pro Golfer McIlroy Joins Investors

Jun 3 2021 // A few weeks after a report that it is in talks to go public, home insurance startup Kin announced its newest funding from Symphony Ventures, an investment partnership established by professional golfer Rory McIlroy and his...

Insurance Journal’s Agency Partnership News Wrap-Up

Jun 3 2021 // Insurors Group LLC, an alliance of independent insurance agents in Texas, has added BKCW LP, located in Killeen, as a member.BKCW has served clients in Texas for more than 65 years. The Insurors Group, based in Austin, is...

Aon to Sell U.S. Retirement, Retiree Health Units for $1.4B to Smooth WTW Acquisition

Jun 3 2021 // Global insurance broker Aon has agreed to sell its U.S. retirement business to private investment firm Aquiline and its Retiree Health Exchange individual health insurance business to Illinois-based digital services firm...

Hub International Acquires Canada’s Global Credit Risk Management Inc.

Jun 3 2021 // Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Global Credit Risk Management Inc. (GCRM).Terms of the transaction were not disclosed. With a national presence and offices located in...

Venerable Completes Acquisition of Corporate Solutions Life Reinsurance Company

Jun 3 2021 // Venerable Holdings Inc. has completed its acquisition of Corporate Solutions Life Reinsurance Company (CS Life Re), a Delaware domiciled and New York licensed reinsurance company, from Equitable Holdings Inc.With the close...

Hub International Limited Acquires Assets of Epstein Financial Services LLC

Jun 2 2021 // Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Epstein Financial Services LLC and Epstein Financial Group LLC. Terms of the transaction were not disclosed.Located in...

Fitch Affirms Intact’s Ratings After RSA Acquisition; RSA Subsidiary Upgraded to ‘AA-‘

Jun 2 2021 // Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong), after its acquisition of RSA Insurance Group. Fitch also...

Allstate to Acquire Insurer SafeAuto to Merge Into National General Brand

Jun 2 2021 // Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states.The acquisition will be through Allstate subsidiary National General and SafeAuto will...

Arthur J. Gallagher Acquires LDJ American Online Benefits Group in Texas

Jun 2 2021 // Arthur J. Gallagher & Co. has acquired Addison, Texas-based LDJ American Online Benefits Group LLC (AOBG).Terms of the transaction were not disclosed. Founded in 2013, AOBG designs, markets and services supplemental...

Michigan’s AF Group, Waypoint Partner on Assumed Reinsurance

Jun 1 2021 // Lansing, Mich.-based specialty insurance provider, AF Group, is entering the assumed reinsurance marketplace through a new partnership with Waypoint Underwriting Management.Waypoint is a proven expert in reinsurance risk...

Intact Financial Corp. and Tryg Complete Acquisition of UK’s RSA Insurance

Jun 1 2021 // Intact Financial Corp. announced that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc., after receiving all required approvals.Toronto-based Intact retains RSA’s Canadian, UK and...

German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B

Jun 1 2021 // BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion.The...

AssuredPartners Acquires Anchor Pardue Insurance of Alabama

Jun 1 2021 // AssuredPartners has acquired Anchor Pardue Insurance of Mountain Brook, Ala.Anchor Pardue is the second acquisition in May for Assured Partners and its 18th acquisition in 2021. The team will remain under the leadership of...

Generali Launches $1.4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica

Jun 1 2021 // Italy’s largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn’t already own in smaller rival Societa Cattolica di Assicurazioni, as part of a...

Lloyd’s, London Insurers Form Joint Venture with DXC to Transform Digital Processing

May 27 2021 // Lloyd’s and insurers in the London company market have formed a joint venture with DXC Technology, aiming to transform digital capabilities and reduce processing costs for the London insurance markets.The joint...