According to global law firm Clyde & Co, there were 418 mergers and acquisitions (M&A) in the global insurance sector in 2021, up from 407 M&As in 2020. The figures were included in the company’s annual Insurance Growth Report. M&A activity was particularly strong in the second half of the year (H2), with Clyde &… Continue reading Global Insurance M&A Deals Up in 2021
Tag: insurance M&As
Insurance Agency M&As Took Off in 2021
There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to OPTIS Partners. Investors flush with capital continue to meet an increasing supply of business owners looking to take advantage of all-time high valuations while capital-gains tax rates are low, the firm said. The 384 deals… Continue reading Insurance Agency M&As Took Off in 2021
Hilb Group Acquires Gerardi Insurance Services, Inc., Deepens New England Presence
The Hilb Group announced today that it has acquired Connecticut-based Gerardi Insurance Services, Inc., increasing its New England footprint. The transaction became effective October 1, 2021. Based in Putnam, Connecticut, Gerardi Insurance is dedicated to offering a full suite of Property & Casualty and Employee Benefits products and services for clients throughout the region. Agency… Continue reading Hilb Group Acquires Gerardi Insurance Services, Inc., Deepens New England Presence
Insurance Agency Mergers and Acquisitions YTD Set Record
There were 553 announced insurance agency mergers and acquisitions during the first three quarters of 2021, up from 490 in 2020, according to OPTIS Partners’ M&A database. It was the highest recorded total for this period. The data covers U.S. and Canadian agencies selling primarily property-and-casualty insurance, agencies selling both P&C and employee benefits, and… Continue reading Insurance Agency Mergers and Acquisitions YTD Set Record
Global Insurance M&A Dips in First Half of 2021
Mergers and acquisitions (M&A) in the global insurance industry dropped back slightly in the first half of 2021 with 197 completed deals worldwide, down from 206 in the second half of 2020 and 201 at the same point last year, according to Clyde & Co’s Insurance Growth Report mid-year update, released today. • Completed insurance… Continue reading Global Insurance M&A Dips in First Half of 2021
BREAKING NEWS: Liberty Mutual to Acquire State Auto Group
Liberty Mutual Holding Company Inc., State Automobile Mutual Insurance Company, and State Auto Financial Corporation announced today that they have signed a definitive agreement pursuant to which Liberty Mutual would acquire State Auto Group, a super-regional insurance holding company headquartered in Columbus, Ohio. Under the terms of the agreement, State Auto mutual members will become… Continue reading BREAKING NEWS: Liberty Mutual to Acquire State Auto Group
BRP Group, Inc. Enters Into Agreement to Acquire RogersGray, Inc.
BRP Group, Inc, an independent insurance distribution firm delivering tailored insurance solutions, today announced that Baldwin Krystyn Sherman Partners, LLC and Millennial Specialty Insurance, LLC, each an indirect subsidiary of BRP Group, have entered into an agreement to acquire substantially all assets of RogersGray Inc., Breakwater Brokerage, LLC and Monomoy Insurance Group, LLC (collectively, “RogersGray”),… Continue reading BRP Group, Inc. Enters Into Agreement to Acquire RogersGray, Inc.
Amwins Completes Transaction to Acquire General Agency MTDA
Amwins, a global distributor of specialty insurance products and services, today announced the acquisition of CBIZ M.T. Donahoe & Associates, LLC, (“MTDA”), a Maryland-based General Agent specializing in employee and individual benefits and services. “We’re excited to welcome Mike and the entire MTDA team to the Amwins family,” said Becky Patel, CEO of Amwins Connect.… Continue reading Amwins Completes Transaction to Acquire General Agency MTDA
Global M&A Performance Set for Record-Breaking Year
Global mergers and acquisitions (M&A) performance surged in the first quarter of this year, continuing the momentum gained in the final months of 2020 and fueled by a flurry of completed deals. This represents an extraordinary rebound of deal activity and performance, even as ongoing waves of COVID-19 continue to trigger lockdowns and affect the… Continue reading Global M&A Performance Set for Record-Breaking Year
U.S. Insurance Asset Sales Attract New Private Equity Players, Strategies
U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private equity buyers hungry to boost the amount of money they manage, according to industry sources and public data. Companies such as Sixth Street Partners and KKR & Co Inc have spent billions of… Continue reading U.S. Insurance Asset Sales Attract New Private Equity Players, Strategies