Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
July 16, 2021
 
 
 

World Insurance Associates Acquires New Jersey's McCue Captains Agency

Jul 16, 2021 -- World Insurance Associates LLC (WIA) has acquired McCue Captains Agency of Little Silver, New Jersey, on July 1, 2021. Terms of the...
 

Cape Analytics Gains $44 Million in Financing

Jul 16, 2021 -- Cape Analytics has attracted $44 million in new financing that the of property data firm plans to use for expansion, accelerated product...
 

Fintech and On-Demand Insurer N26 Eyes Value of About $10B in New Fundraising

Jul 16, 2021 -- N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German...
 

Newfront and ABD Insurance in California Agree to Merge

Jul 15, 2021 -- California companies Newfront Insurance and ABD Insurance and Financial Services have entered into an agreement to combine. The merger...
 

Alera Group Acquires Louisiana's AGM Benefit Solutions

Jul 15, 2021 -- Deerfield, Ill.-based insurance and wealth management firm, Alera Group, has acquired AGM Benefit Solutions, a provider of voluntary...
 

Apollo Gets 'In-Principle' Approval from Lloyd's to Create Standalone Syndicate 1971

Jul 15, 2021 -- Apollo Syndicate Management, the London-based independent specialist insurer and reinsurer, announced it has been granted in-principle...
 

AIG Plans Sale of Life Business to Blackstone and in IPO

Jul 14, 2021 -- American International Group Inc. plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc....
 

Burns & Wilcox Brokerage Opens Massachusetts Office, Adds Five in Northeast

Jul 14, 2021 -- Burns & Wilcox Brokerage, a business unit of H.W. Kaufman Group solely dedicated to complex wholesale property/casualty brokerage,...
 

Travelers Makes 'Strategic Minority Investment' in Fidelis Insurance Holdings

Jul 14, 2021 -- The Travelers Companies said it has made a "strategic minority investment" in Fidelis Insurance Holdings, a privately-owned global...
 

'Stripe-Like' Insurance Management API Lula Raises $18 Million

Jul 14, 2021 -- insurtech startup Lula plans to aggressively hire and expand its product capacity now that it has raised $18 million in new venture...
 

Mega IPO Planned for India's Biggest Insurer

Jul 14, 2021 -- India approved the sale of shares in state-run insurer Life Insurance Corp. of India, a key step in moving ahead with the mega-listing....
 

Hub International Limited Acquires Virginia's Pete Webb Agency

Jul 13, 2021 -- Hub International Limited (Hub), a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of...
 

Insurance Marketplace Policygenius in Talks to Go Public Via SPAC

Jul 12, 2021 -- Policygenius Inc., an online insurance marketplace, is in talks to go public through a merger with the blank-check company PWP Forward...
 

Ryan Specialty Launches Initial Public Offering with 57M Shares

Jul 12, 2021 -- Chicago-based insurance broker Ryan Specialty Group Holdings has filed for its planned initial public offering. Ryan Specialty is...
 

Crest Insurance Group Acquires SpringbergMcAndrew in Arizona

Jul 12, 2021 -- Crest Insurance Group has acquired SpringbergMcAndrew Insurance in Lake Havasu City, Ariz. Principal Mike McAndrew joined the firm in...
 

Liberty Mutual to Acquire State Auto Group

Jul 12, 2021 -- Insurer Liberty Mutual reported that it will acquire State Auto Group, a super-regional insurance holding company headquartered in...
 

Applied Underwriters Acquires Generali's U.S. Specialty Lines Division

Jul 12, 2021 -- Applied Underwriters has acquired the U.S. Specialty Lines division of Generali Group including Generali Warranty Services, which offers...
 

Goldman Sachs-Backed Broker Aston Lark Acquires UK Golf Club Specialist Linkscover

Jul 12, 2021 -- Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of the Linkscover brand to...
 

Daily Mail in Negotiations to Sell Catastrophe Modeling Subsidiary RMS

Jul 12, 2021 -- Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS, following a...
 

Scottish American Acquires Kaliff Insurance in Texas

Jul 9, 2021 -- Scottish American has acquired Kaliff Insurance of San Antonio, Texas. Terms of the deal were not disclosed. Kaliff Insurance was founded...
 

BMS Re Acquires Trean Intermediaries in Minnesota

Jul 9, 2021 -- BMS Re has acquired Trean Intermediaries, a Wayzata, Minn.-based independent reinsurance broker and services company. BMS Re has acquired...
 
 
 
 
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