Tag: Mergers & Acquisitions

Baldwin Group and CAC Group Merge to Form $2B U.S. Insurance Platform

The Baldwin Group and CAC Group are merging in a $1.03 billion deal to create a $2 billion insurance advisory and distribution platform, reshaping the U.S. independent insurance agency landscape.

Global Property Damage Insurance Market to Reach $1.3 Trillion by 2034

Explore the global property damage insurance market trends, driven by climate risks, technological innovation, and major M&A deals, projecting $1.3 trillion market value by 2034.

Aon Divests NFP Wealth Business to Refocus on Core Insurance Brokerage

Aon sells majority of NFP's wealth business to Madison Dearborn Partners for $2.7B, sharpening focus on core insurance brokerage and risk advisory services.

AM Best Upgrades Crum & Forster; Aspen Ratings on Review Post-Sompo Deal

AM Best upgrades Crum & Forster to A+; Aspen Insurance ratings under review following Sompo’s $3.5B acquisition. Moody's and S&P assess impact on global specialty insurance and reinsurance sectors.

Liberty Mutual's GTS Promotes Jason Remsen to Head of East Americas

Liberty Mutual's Global Transaction Solutions announces leadership promotion of Jason Remsen to Head of East in Americas, highlighting expertise in M&A and underwriting.

Marsh McLennan Agency Acquires Excel Insurance to Expand in South Florida

Marsh McLennan Agency expands in South Florida through the acquisition of Excel Insurance, enhancing property/casualty and specialty insurance services. Learn about the strategic impact on the regional business insurance market.

Brown & Brown to Acquire Accession Risk Management for $9.8B, Expanding Specialty Brokerage

Brown & Brown announces $9.8 billion acquisition of Accession Risk Management, expanding its specialty brokerage and retail segments amid industry consolidation.

Brown & Brown to Acquire Accession Risk Management for $9.83 Billion in Major Industry Merger

Brown & Brown announces a $9.83 billion acquisition of Accession Risk Management, signaling major consolidation in insurance brokerage and expanding specialty distribution.

Johnson & Johnson Expands Insurance Footprint with Indemnity Excess & Surplus Agency Acquisition

Johnson & Johnson expands its footprint in the U.S. wholesale insurance market through the acquisition of Indemnity Excess & Surplus Agency, enhancing product offerings and agency services.

CMA Begins Review of Aviva's Proposed Acquisition of Direct Line

The UK's CMA initiates review of Aviva's acquisition of Direct Line, assessing competition impact in the UK insurance market with a decision expected by July 10, 2024.