Aon completes acquisition of India’s GlobalAon has completed its acquisition of Global Insurance Brokers in a deal designed to expand the global intermediary’s existing capabilities in India.
Howden accelerates growth in France with Ofracar dealHowden has entered into an agreement to acquire Ofracar, an independent brokerage group headquartered in Rouen, expanding its geographical footprint and capabilities in northwestern France
Applied’s United Risk acquires majority of Argo Surety’s in-force oil, gas, mining and coal businessApplied Underwriters' new United Risk division is to acquire the majority of Argo Surety group's in-force coal, oil, gas, and mining business.
PE-backed Jensten bolsters schemes unit with Henry Seymour dealUK broker consolidator Jensten Group has continued to grow its regional footprint and bolster its schemes and affinities capability with the acquisition of Henry Seymour & Co.
PE house Brera takes 70% stake in Italian broker GBSAPRI GroupPrivate equity firm Brera Partners has acquired 70 percent of shares in Italian insurance broker GBSAPRI Group as part of a drive to consolidate the fragmented Italian insurance broking sector.
Generali completes deal for US investment group ConningGenerali has completed the acquisition of US asset manager Conning in a deal to expand the Italian insurer’s asset management arm and create one of Europe’s largest investment groups.
FMH acquires crop insurer Global Ag from Axa XLFarmers Mutual Hail Insurance Company of Iowa has announced the acquisition of crop insurance provider Global Ag Insurance Services from Axa XL.
Risk Strategies acquires PA-based Williams InsuranceRisk Strategies has acquired Wilkes-Barre, Pennsylvania-based Robert C Williams Insurance Agency (Williams Insurance), a property and casualty retail specialist.
Brown & Brown acquires FL agricultural-focused agencies Chapp and CitrusBrown & Brown has acquired the assets of Chapp and Citrus Insurance Services, both based in Florida.
Hub acquires FL-based Sale Insurance AgencyHub International has acquired the assets of Sale Insurance Agency, based in Lakeland, Florida.
PCF enters Alabama with MK Insurance acquisitionPCF Insurance Services has acquired Alabama-based MK Insurance Group's insurance business, a deal that follows the top-20 US retail broker’ completion last year of debt financing, which has allowed it to ramp up M&A.
M&A deal performance rises modestly as large transactions begin to stabilise: WTWGlobal M&A deal volume saw a “modest rise” in the first quarter of 2024 with 166 $100mn+ transactions completed globally compared to 150 deals in the prior year period, according to WTW’s quarterly deal performance monitor.
Ardonagh completes acquisition of WestfieldArdonagh Advisory, the SME broking platform of private equity-backed Ardonagh Group, has completed its acquisition of Westfield Brokers.
Doxa acquires specialist MGA Renters Legal LiabilityDoxa Insurance Holdings has added to its MGA capabilities with the acquisition of Renters Legal Liability, a specialist platform that offers a fully insured and captive program to multifamily owners and managers in all 50 US states.
Gallagher acquires FL property-focused Specialty Risk Management ServicesArthur J Gallagher & Co has acquired Fort Myers, Florida-based Specialty Risk Management Services – which manages a property insurance program – and its affiliate, Private Client Insurance Services.
Fleming slams James River over “bait and switch” JRG Re dealFleming Holdings insists its current refusal to complete the acquisition of JRG Reinsurance Company “is not a case of buyer’s remorse” but “a bait and switch”, with the company willing to complete the deal provided James River Group Holdings “cures its breaches of the agreement”.
NFP acquires assets of Buffalo, NY-based SDN Insurance Agency for $27mn in all-cash dealNFP has acquired the assets of Buffalo, NY-based SDN Insurance Agency (SDN) in a 27mn all-cash transaction.
Apax weighing up sale of PIB Group: reportPrivate equity firm Apax Partners is weighing up strategic options for UK broker consolidator PIB Group, including a possible sale.
Flexpoint buys majority stake in repair services platform Accuserve from AquilinePrivate equity firm Flexpoint Ford has agreed to acquire a majority stake in independent managed services repair platform Accuserve Solutions – which connects insurers, homeowners and contractors – with Aquiline remaining a minority investor.
GIC completes acquisition of Cinven’s Miller stakeSingaporean sovereign wealth fund GIC has completed its buyout of Cinven’s stake in London broker Miller, first announced in December last year.