Generali completes €2.3bn deal for Liberty Mutual’s Western European unitsGenerali has completed its previously announced €2.3bn ($2.5bn) acquisition of Liberty Mutual’s personal and small commercial insurance operations in Western Europe, in a deal the Italian insurance giant described as its biggest in a decade.
Gallagher acquires Connecticut-based Ericson Insurance AdvisorsArthur J Gallagher has acquired Washington Depot, Connecticut-based Ericson Insurance Services, operating as Ericson Insurance Advisors.
CMA opens investigation on Ardonagh-Markerstudy mergerThe UK Competition and Markets Authority has launched an inquiry into the proposed sale of Ardonagh Group’s personal insurance broking business Atlanta Group to MGA/intermediary Markerstudy.
Gallagher acquires Iowa-based retail agency HorakArthur J Gallagher has acquired Washington, Iowa-based Horak Insurance, a retail P&C insurance agency serving commercial and personal lines clients, as well as farms, in its home state.
ESG regulation to suppress 2024 M&A activity: Norton Rose FulbrightESG-related regulation is expected to partially suppress the projected recovery in the M&A landscape in 2024, according to law firm Norton Rose Fulbright.
SRS acquires Ardonagh’s Robus as European build-out continuesStrategic Risk Solutions has reached an agreement to acquire Robus Group from The Ardonagh Group, in a move the expansive firm said would further its journey to become the leading captive management firm throughout Europe.
Inszone bolsters Colorado presence with High Desert Insurance acquisitionInszone Insurance Services has strengthened its presence in Colorado after agreeing a deal to acquire Pueblo-based High Desert Insurance.
Gallagher’s RPS acquires Louisiana-based Forest Insurance FacilitiesArthur J Gallagher-owned wholesaler Risk Placement Services has bolstered its footprint in Louisiana with the acquisition of Forest Insurance Facilities.
Optis: NA agent/broker M&A drops 24% in 2023 with Hub most active acquirer2023 saw a total of 782 agent and broker M&A deals in North America, down 24 percent from 2022 according to Optis Partners, which noted there was “no mad dash to the finish line at year end” but that deal flow may pick up as the economy stabilises.
Howden bolsters UK risk management with AHR acquisitionHowden has enhanced its risk management capabilities in the UK with the acquisition of AHR Consultants.
Risk Strategies acquires med mal agency Professional Risk AssociatesRisk Strategies has acquired Professional Risk Associates, a Virginia-based specialty healthcare insurance agency.
Marsh McLennan eyes further M&A after active 2023 for acquisitionsMarsh McLennan is eyeing further M&A this year after 2023 was its most active for acquisitions in nearly two decades – aside from 2019 when it acquired JLT – as it deployed $1.6bn of cash to buy companies including middle market broker Graham Company and Australian intermediary Honan.
Inszone expands into Kansas market with American Heritage acquisitionInszone Insurance Services has acquired American Heritage Agency, with the deal marking the fast-growing broker’s entry into the Kansas market.
Aspen exploring SiriusPoint reverse merger as accelerated way to go publicApollo-owned Aspen Insurance Holdings is exploring a reverse merger with SiriusPoint as a potential alternative route to a public listing, a move that would allow for an easier and expedited process compared with a traditional IPO, The Insurer can reveal.
NFP acquires London-based Advanced Insurance ConsultantsNFP has strengthened its London presence with the acquisition of Advanced Insurance Consultants Limited.
Wholesaler April expands in UK with Lexham buyFrench wholesaler April SA has continued its geographical expansion with the acquisition of UK-based motor specialist intermediary Lexham Insurance.
Howden continues UK regional expansion with Laurie Ross acquisitionHowden has continued to build its regional presence in the UK with the acquisition of Laurie Ross, a personal and commercial lines broker based in Scotland.
Coalition in M&A talks with Envelop Risk for cyber reinsurance entryAmid predictions that 2024 may see a flurry of transactions among cyber MGAs, Allianz-backed Coalition has entered talks with leading reinsurance MGA and modelling firm Envelop Risk, The Insurer can reveal.
Heffernan’s Tangram expands into reinsurance broking with Preferred acquisitionTangram Insurance Services has acquired South Carolina-based Preferred Reinsurance Intermediaries, a deal that marks the Heffernan Group-owned MGA and program manager’s expansion into the reinsurance brokerage market.
Alera bolsters healthcare capabilities with CLS dealAlera Group has strengthened its healthcare offering with the acquisition of medical malpractice focused CLS Healthcare Liability Specialists.