Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
December 17, 2021
 
 
 

Exor Agrees to Sell PartnerRe to Covea for $9 Billion (€7.8 Billion)

Dec 17, 2021 -- French mutual insurer Covéa and Exor, a holding company controlled by the Agnelli family, have officially agreed to a delayed deal in...
 

Hub Acquires Assets of JP Griffin in Arizona

Dec 16, 2021 -- Hub International Ltd. acquired the assets of JP Griffin Companies LLC in Scottsdale, Arizona. Jeff Griffin, Founder and President of JP...
 

The Hilb Group Acquires Maryland's PSA Insurance & Financial Services

Dec 16, 2021 -- The Hilb Group brought PSA Insurance & Financial Services into its portfolio, further strengthening its presence in the Mid-Atlantic...
 

'Cat-Focused' Kin Insurance Acquires Shell for Expansion; Expects SPAC Closing in Q1

Dec 16, 2021 -- Kin Insurance, a digital direct-to-consumer home insurer that targets catastrophe-prone areas, said it has has acquired an inactive...
 

Zurich Insurance to Acquire Conversational AI Company AlphaChat

Dec 16, 2021 -- Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI)...
 

Fairfax Completes Sale of Stake in Subsidiary Odyssey Group for US$900M

Dec 16, 2021 -- Fairfax Financial Holdings Ltd. announced the completion of the previously announced sale of a minority stake in Fairfax's subsidiary,...
 

Arthur J. Gallagher Acquires Illinois' Tave Risk Management

Dec 15, 2021 -- Arthur J. Gallagher & Co. has Chicago-based Tave Risk Management, LLC. Terms of the transaction were not disclosed. Founded in 2000,...
 

Credible Acquires Digital Insurance Marketplace Young Alfred

Dec 15, 2021 -- Credible, a digital lending marketplace, acquired Young Alfred, a digital insurance marketplace. Credible provides consumers with...
 

UK Broker Ardonagh Valued at $7.5B as Abu Dhabi Investment Authority Buys Stake

Dec 15, 2021 -- Abu Dhabi Investment Authority has acquired a stake in Ardonagh Group in a transaction valuing the U.K. insurance broker at $7.5 billion....
 

KKR Nears Deal to Buy Stake in India's Shriram General Insurance Ahead of IPO

Dec 15, 2021 -- KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.'s general insurance unit for about 18 billion rupees ($237...
 

Arthur J. Gallagher Acquires Richied & Associates in Nevada

Dec 15, 2021 -- Arthur J. Gallagher & Co. acquired Reno, Nevada-based Richied & Associates Inc. in Nevada. Paul Richied, Tera Hodges, Cindy...
 

Confie Acquires Velox Insurance to Expand in Georgia Market

Dec 14, 2021 -- Confie, a U.S. independent personal lines distributor, will acquire Velox Insurance as an affiliate to its nonstandard national brand,...
 

World Insurance Associates Acquires New Jersey's E&K Insurance Group

Dec 14, 2021 -- World Insurance Associates LLC (WIA) acquired E&K Insurance Group of Eatontown, New Jersey, on December 1, 2021. Terms of the...
 

Specialist Risk Group Launches MGA Called MX Underwriting

Dec 14, 2021 -- Specialist Risk Group (SRG) announced the launch of MX Underwriting. Led by Lee Anderson, SRG deputy CEO, and James Gerry, MX chairman,...
 

Canada's StoneRidge Insurance Brokers Acquires John Stark & Co.

Dec 14, 2021 -- SIB Corp., operating as StoneRidge Insurance Brokers (SIB), the Canadian provider of insurance and consulting services, has acquired John...
 

Swiss Re-Backed FWD Raises $1.4 Billion, Weighs Hong Kong IPO

Dec 14, 2021 -- Billionaire Richard Li's FWD Group Ltd. raised more than $1.4 billion in private placements with investors including an insurer backed by...
 

High Street Acquires Nebraska's GTA Insurance Group

Dec 13, 2021 -- High Street Insurance Partners has acquired Nebraska-based GTA Insurance Group. GTA Insurance Group provides comprehensive insurance and...
 

Hub Acquires Assets of Basi Insurance Services in California

Dec 13, 2021 -- Hub International Ltd. acquired the assets of Basi Insurance Services Inc. in California Terms of the deal were not disclosed. Randy...
 

Ryan Specialty Group to Acquire Pennsylvania's Keystone Risk Partners

Dec 13, 2021 -- Ryan Specialty Group, an international specialty insurance firm, has signed an agreement to acquire certain assets of Keystone Risk...
 

Brown & Brown Acquires Florida's Corporate Insurance Advisors

Dec 13, 2021 -- Insurance agency Brown & Brown of Florida, Inc. has acquired substantially all of the assets of Corporate Insurance Advisors. J....
 

Generali to Focus on U.S., Asia in New Strategic Growth Plan: Report

Dec 13, 2021 -- Assicurazioni Generali SpA, Italy's largest insurer, is preparing to unveil an international-growth strategy to investors this week,...
 

Alera Group Acquires J&J Benefits Insurance Agency in Utah

Dec 13, 2021 -- Alera Group acquired J&J Benefits Insurance Agency, an employee benefits consulting and health insurance firm serving clients in Utah...
 

Wells Media Group Transitions Ownership to Its Employees

Dec 11, 2021 -- Wells Media Group, Inc announced that it has become a 100% employee-owned firm via the launch of an Employee Stock Ownership Plan (ESOP)....
 

British Insurer LV= Rejects Bain Takeover Bid; Royal London Wants to Talk

Dec 10, 2021 -- British mutual life insurer LV= on Friday abandoned a proposed 530 million pound ($701 million) takeover by private equity giant Bain...
 

Swiss Re to Sell elipsLife to Swiss Life, Enters Long-Term Reinsurance Partnership

Dec 10, 2021 -- Swiss Re announced it has agreed to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International and to enter...
 
 
 
 
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