M&A

Amynta acquires Sutton Special Risk, building out Canadian footprint

Amynta Group has added Toronto-based Sutton Special Risk to its roster of MGAs and MGUs in a deal which the company said accelerates its growth plans in Canada.

Alliant to pay up to $120mn for First Acceptance’s retail agency operations

First Acceptance Corporation has revealed Alliant Insurance Services bought Acceptance Insurance Agency of Tennessee for cash consideration of up to $120mn.

World Insurance Associates bolsters South Dakota footprint with ATI acquisition

Acquisitive retail broker World Insurance Associates has made another addition to its roster after it agreed a deal to purchase Huron, South Dakota-based American Trust Insurance.

Hub acquires Colorado-based Professional Financial Specialists

Hub International Limited has acquired the assets of Professional Financial Specialists, a full services agency based in Boulder, Colorado.

Gallagher acquires labour union insurance specialist Hunt

Arthur J Gallagher has acquired Palos Heights, Illinois-based Hunt Insurance Agency, a retail property casualty agency specializing in labour unions and their associated benefit funds across the Midwest.

Charles Taylor acquires aviation-focused Leading Edge

Charles Taylor has continued its expansion in Europe with the acquisition of aviation-focused loss adjusting practice Leading Edge Assist.

Goldman-backed Clear Group acquires PW White & Partners

Goldman Sachs-backed UK broker consolidator Clear Group has continued its run of recent M&A with a deal to purchase the entire general insurance book of regional broker PW White & Partners Ltd.

Howden Tiger grows European footprint with Haakon acquisition

Howden Tiger has continued to grow its footprint in Europe with the acquisition of Swiss reinsurance intermediary Haakon AG.

World to acquire CB Financial’s insurance agency for $30.5mn plus earn outs

World Insurance Associates has agreed a purchase agreement with CB Financial Services for its independent insurance agency subsidiary Community Bank and Exchange Underwriters.

Alliant’s Confie expands presence to 26 states through Acceptance acquisition

Confie, the personal lines insurance distribution company, has announced its acquisition of Acceptance Insurance's retail division to its portfolio of brands, which expands the Alliant personal lines distribution subsidiary’s presence to 26 US states.

Ryan Specialty closes AccuRisk acquisition

Ryan Specialty has officially completed its acquisition of AccuRisk Holdings from The Ardonagh Group and the Amynta Group, a transaction initially disclosed at the end of October.

Core Specialty completes acquisition of ANAT to form medical stop-loss division

Core Specialty has completed its acquisition of the MGU/stop loss business of American National Group (ANAT).

Gallagher closes $904mn acquisition of Cadence Insurance from Cadence Bank

Arthur J Gallagher has finalised the acquisition of Baton Rouge-based Cadence Insurance from Cadence Bank.

Higginbotham broadens North Texas presence through Marshall Young acquisition

Texas-based independent insurance firm Higginbotham has acquired Marshall Young Insurance, which offers specialized business insurance solutions.

AM Best keeps Argo under review with developing implications after takeover

AM Best has maintained the under review with developing implications status for Argo Group International Holdings, with the rating agency expecting to meet with management to complete its assessment of the Bermudian’s post-acquisition rating fundamentals.

USI acquires BOK Financial Insurance

USI has acquired risk management and employee benefits broker BOK Financial Insurance in a deal that seller BOK Financial Corporation said will result in a pre-tax gain of $28mn after considering transaction-related expenses.

Inszone recap shows PE commitment remains strong for some brokers

The investment in Inszone Insurance Services by Lightyear Capital has continued a spate of private equity-backed recapitalisations of US brokers in the past three months.

Aviva acquires Canadian MGA Optiom

UK insurer Aviva has acquired vehicle replacement MGA Optiom O2 Holdings for a consideration of around £100mn ($126mn).

Talanx completes Liberty acquisition to become second-largest P&C carrier in Brazil

German holding company Talanx Group has become the second-largest P&C insurer in Brazil after completing its previously announced acquisition of a number of Liberty Mutual’s businesses in the Latin American country.

Global M&A outlook uncertain despite Q3 recovery: WTW’s Mercereau

Third quarter M&A activity increased by 16 percent but volatile geopolitical and macroeconomic conditions mean the potential for disruption in 2024 remains and the outlook is tough to predict, according to Jana Mercereau, WTW’s head of corporate M&A consulting, Great Britain.

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