Tag: acquisition

October 6, 2023

Steadfast Group (Steadfast), the largest general insurance broker network and underwriting agency group in Australasia, has expanded into the US insurance market by acquiring ISU Group (ISU). Starting a franchise over 40 years ago, ISU has become one of the […]

September 6, 2023

Global insurance group, Howden has completed its acquisition of Apex Insurance New Zealand and its associated subsidiaries. Acquiring Apex will greatly accelerate Howden’s ongoing strategy to form a leading broking operation in the Pacific region, as it builds on the […]

September 1, 2023

The European Commission (EC) has approved the sale of American International Group’s (AIG) treaty reinsurance business to RenaissanceRe Holdings (RenRe). In an update, the regulatory body said: “The Commission concluded that the proposed acquisition would raise no competition concerns, given […]

April 19, 2023

Specialist insurance and reinsurance broker BMS Group has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have not been disclosed. Founded in 2002, WUFS offers tailored insurance broking, […]

January 3, 2023

Managing general agency Johnson & Johnson announced that it recently acquired the assets of Statewide Insurance Corp as it looks to expand into a number of Southwestern states. Founded in 1964, Statewide Insurance Corp is among the oldest general agencies […]

October 4, 2022

EPIC Insurance Brokers and Consultants has acquired The National Benefit Corp (TNBC), a full-service service insurance marketing organization based in West Des Moines, IA. TNBC, founded in 1977, offers advisors a wide range of financial products such as life and […]

August 17, 2022

Relation Insurance Services, a privately held corporation backed by Aquiline Capital Partners, has announced the acquisition of the assets of California-based Innovative Broker Services. The transaction brings an established insurance brokerage firm to Relation and expands the firm’s growing national […]

July 13, 2022

Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has announced its acquisition of ESP Insurance Brokerage LLC (ESP). ESP is a national insurance broker and program administrator founded five years ago for the sports, […]

February 9, 2022

XPT Specialty has acquired Insurance Brokers Incorporated, headquartered in Indianapolis, Indiana, in a move that continues a series of acquisitions for the company. IBI is a wholesale insurance broker and general agency that offers agents a broad range of personal, […]

November 9, 2021

AI-powered insurtech Lemonade has entered into a definitive agreement to acquire pay-per-mile auto insurer, Metromile Inc., in an all-stock transaction that implies a fully diluted equity value of roughly USD 500 million, or just over USD 200 million net of […]

August 16, 2021

Insurance broker Gallagher has acquired a majority stake in Brokers’ House, a specialty broker based in Istanbul. This acquisition will be Gallagher’s first direct presence in Turkey and will give the company a footprint in a growing strategic insurance hub […]

July 12, 2021

Insurance and reinsurance broking group BMS is expanding its US property catastrophe reinsurance broking footprint, as its BMS Re division has acquired Trean Intermediaries. Trean Intermediaries emerged in 2013 as a joint venture with Trean Corporation and has specialisms in […]

June 23, 2021

Hatcher Insurance – a full-service boutique insurance agency based in Orlando, FL – has announced that, since its acquisition in 2020, it has seen considerable growth in both agency size and revenue. Insurance veterans William “Bill” J. Palmer and Bryan […]

June 17, 2021

After the US Department of Justice (DOJ) decided to sue in an attempt to block Aon’s acquisition of broking rival Willis Towers Watson (WTW), analysts at KBW said that rather than abandoning the merger, Aon is more likely to offer […]

May 3, 2021

USI Insurance Services, one of the largest insurance brokerage and risk consulting firms in the world, has completed its acquisition of the insurance business offered through Northwest Insurance Services from Northwest Bank, a subsidiary of Northwest Bancshares, Inc. Northwest Insurance […]

April 2, 2021

Marsh & McLennan Agency LLC, the middle-market business of Marsh LLC, said Friday it has bought PayneWest Insurance Inc., an independent agency with about $135 million in annual brokerage revenue. Terms of the deal were not disclosed. Missoula, Montana-based PayneWest […]

February 15, 2021

EU regulator the European Commission has approved the acquisition of re/insurance broker Miller by global private equity firm, Cinven, and GIC, Singapore’s sovereign wealth fund. First announced in November 2020, the EC has now given the green light to the […]

January 19, 2021

Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management have announced the signing of a definitive merger agreement, under which affiliates of TowerBrook and Further Global will acquire all outstanding shares of common stock of […]