The Hilb Group, LLC (“THG”) announced today the acquisition of New England-based 360 Corporate Benefit Advisors (“360CBA”). The transaction became effective May 1, 2019. With offices in Fairfield, CT and Wayland, MA, 360CBA is an employee benefits consulting firm providing insurance brokerage, administration and advisory services to businesses primarily in the Northeast. All of 360CBA’s… Continue reading The Hilb Group, LLC Acquires 360 Corporate Benefit Advisors
Tag: insurance M&As
Hub International Acquires the Assets of Illinois-based Premiere Risk Management
Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Premiere Risk Management (PRM). Terms of the transaction were not disclosed. Located in the Chicagoland area, PRM is a full-service commercial insurance broker providing all lines of property and casualty coverage to the transportation industry. Its focus… Continue reading Hub International Acquires the Assets of Illinois-based Premiere Risk Management
Cohen & Company’s Acquisition Unit Completes $150M IPO
Cohen & Company Inc. has announced that its subsidiary, Insurance Acquisition Corp., has completed its initial public offering, raising $150.65 million. Insurance Acquisition Corp., which Cohen & Company describes as a “blank check company” formed for the purpose of acquiring or merging with other insurance entities, issued 15,065,000 units at a price of $10.00 per… Continue reading Cohen & Company’s Acquisition Unit Completes $150M IPO
Hub International Acquires Maryland-Based The Insurance Exchange, Inc.
Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired The Insurance Exchange, Inc. (The Insurance Exchange). Terms of the transaction were not disclosed. Based in Rockville, Maryland, The Insurance Exchange is one of the largest independent insurance agencies in the Mid-Atlantic region and provides innovative solutions in the following… Continue reading Hub International Acquires Maryland-Based The Insurance Exchange, Inc.
Aon No Longer Pursing Willis, Just A Day After Possible Merger Confirmed
It’s not often that you hear about a $24 billion deal brewing in the financial services industry. It’s even rarer that it goes from confirmation to breakup in less than a day. On Tuesday afternoon, Aon Plc confirmed a Bloomberg News report that it was considering a tie-up with Willis Towers Watson Plc — a… Continue reading Aon No Longer Pursing Willis, Just A Day After Possible Merger Confirmed
Insurance Agency Mergers & Acquisitions Hit Record Level in 2018
Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, according to OPTIS Partners’ annual report. The OPTIS database logged a record 626 deals in the United States and Canada in 2018, including 330 transactions in the second half of the year and 148 transactions during the fourth quarter. There… Continue reading Insurance Agency Mergers & Acquisitions Hit Record Level in 2018
Marsh & McLennan Agency to Acquire Bouchard Insurance
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has reached agreement to acquire Clearwater, Florida-based Bouchard Insurance, a leading full-service agency in Florida. Terms of the transaction, which is expected to close later this month, were not disclosed. Founded in 1948, Bouchard has 260 colleagues based… Continue reading Marsh & McLennan Agency to Acquire Bouchard Insurance
Hub International Acquires Ontario-Based Proteus Performance Management Inc.
Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired Proteus Performance Management Inc. (Proteus). Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, Proteus provides specialized pension plan governance and investment consulting to corporate plan sponsors, not-for-profit organizations, trusteed plans, public plans, foundations and endowments. Proteus… Continue reading Hub International Acquires Ontario-Based Proteus Performance Management Inc.
Global Insurance M&A Hits Highest Levels of Deal Value Since the Financial Crisis
Deal value for global insurance M&A reached €37bn in the first six months of 2018, driven by a slew of megadeals which pushed value to its highest first-half total since the financial crisis, according to a new report from Willis Towers Watson and Mergermarket – Transformation in the global insurance market. The first half of… Continue reading Global Insurance M&A Hits Highest Levels of Deal Value Since the Financial Crisis
Brown & Brown, Inc. Acquires Hays Companies
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. and Jim Hays, on behalf of Hays Companies, today announced that Brown & Brown, Inc. has entered into an agreement to acquire the assets of the Hays Companies insurance operations. The transaction is expected to close in November 2018, subject to certain closing conditions.… Continue reading Brown & Brown, Inc. Acquires Hays Companies