Gallagher expands Ireland presence with Allied Risk buyArthur J Gallagher has continued the build-out of its footprint in Ireland with a deal to buy Dublin-based Allied Risk Management.
SRG builds professional lines capability with TLO acquisitionFast-growing insurance intermediary Specialist Risk Group has acquired London-based professional risk insurance broker TLO Risk Services.
Acrisure enters Portuguese market with Universalis buyAcrisure has entered the Portuguese insurance market with the acquisition of broker Universalis.
Highstreet brings up 150th agency acquisition with 10th deal of ’23Private equity-backed Highstreet Insurance Partners (HSIP) announced it has partnered with Pennsylvania-based Yorke Agency and Maine-based Curley & Associates, marking the ninth and tenth acquisitions in 2023.
Risk Strategies acquires full-service agency Combined Underwriters of MiamiRisk Strategies has acquired Combined Underwriters of Miami, a full-service independent insurance agency providing commercial and personal insurance products to clients in South Florida.
McGowan acquires E&S broker and program administrator ConwayThe McGowan Companies has acquired Pittsburgh-based Conway, a group of wholesale brokerages, program administrators, program brokers and captive managers.
Gallagher’s RPS acquires Houston-based MGA RHPArthur J Gallagher wholesale subsidiary Risk Placement Services has acquired Houston, Texas-based RHP General Agency.
SiriusPoint stock drops ~10% at market open after Loeb exits takeover talksShares in SiriusPoint plummeted nearly 10 percent in early trading on Friday after activist investor Dan Loeb revealed in a securities filing he is no longer looking to take the Bermuda specialty (re)insurer private, having been unable to reach a “consensus” with its board on the value of a potential deal.
IMA acquires 80-employee Carolinas agency ECMFast-growing broker IMA Financial Group has acquired ECM Solutions, the largest privately owned independent insurance agency in the Carolinas.
Hyland buys moving and storage insurance provider Aegis Insurance ServicesPrivately-owned broker Hylant has acquired Alpharetta, Georgia-based Aegis Insurance Services, a provider of insurance solutions for the moving and storage industry since 1990.
Alera buys med mal agency Sheridan InsuranceAlera Group has acquired Sheridan Insurance Group, which exclusively serves the healthcare industry and focuses on professional liability insurance.
Goosehead acquires 15,000 policies from smart home tech firm Vivint for $5.5mnGoosehead has acquired 15,000 insurance policies from smart home tech firm Vivint for $5.5mn in consideration, a deal the publicly traded agency said would accelerate its growth and provide “significant benefits” to existing Vivint customers.
PE firms Sagemount and FTV acquire minority stake in flood MGA NeptunePrivate equity firms Bregal Sagemount and FTV Capital have announced they will acquire a “substantial minority stake” in Neptune Flood Incorporated, providing growth capital for the digital insurtech platform and private flood insurance provider.
Amynta completes $400mn deal for Brit’s MGU unit AmbridgeMGA platform Amynta Group has completed its previously announced acquisition of Ambridge Group, the MGU operations of Brit.
BRP reiterates it does not expect any “material partnerships” in 2023BRP Group CEO Trevor Baldwin has commented the broker does not expect to execute any “material partnerships” in 2023, with the executive also noting that a doubling of headcount in the past two years and investments in technology are starting to be seen in organic growth.
PIB continues build-out in Ireland with swoop for Gleeson InsurancePrivate equity-backed broker consolidator PIB Group has continued to build out its footprint in Ireland with the acquisition of Gleeson Insurance.
Confie adds to Freeway NSA business with Estrella acquisitionAlliant-owned personal lines distribution firm Confie has acquired P&C insurance agency franchisor Estrella Insurance in a move that adds to its non-standard national brand Freeway Insurance and significantly expands its Florida footprint.
Gallagher pays $281mn cash for 10 acquisitions in Q1 led by $86mn First Ireland dealExpansive broking giant Arthur J Gallagher continued its acquisitive streak in the first quarter with 10 deals completed for $280.5mn cash, with a total recorded purchase price of $340.2mn including booked earn-outs of $44.0mn that could rise to $62.7mn.
Alliant acquires oil and gas insurance agency McAnally WilkinsAlliant Insurance Services has acquired Texas-based McAnally Wilkins, a provider of property and casualty insurance solutions for the oil and gas service industry.
Hub strengthens FI capabilities with Red Rock Financial acquisitionHub International Limited has acquired the assets of Red Rock Financial, which has been providing specialty insurance products and services to financial institutions nationwide since 2004.