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Insight into the state of the insurance M&A market, powered by Insurance Insider US’s comprehensive deal database. -
The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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HNW family offices are now among investors considering the US MGA segment.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
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The acquisition will expand PHLY’s presence in the niche market.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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Sources said that the transaction valued the Californian auto F&I business at over $1bn.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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This publication revealed that Starr was zeroing in on the deal earlier today.
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The parties could announce the transaction soon, according to sources.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The global insurer will need to convince investors on the quality of the book.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Old Republic said the acquisition is expected to close in 2026.
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The company and its main debt provider Ares agreed to relax its debt terms in April.
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Dealmaking took centerstage, but other discussed topics were growth, talent and capacity.
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Sources said that Piper Sandler is advising the Dallas-based program manager on the process.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Sources said the PE-backed platform retained IAP to advise on the process.
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The company is looking to grow through its new MGA incubator program.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs.
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MGAs that are good operators will stick out compared to the rest.
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Private capital–backed buyers accounted for 73% of the 513 transactions this year.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The MGA platform wants to expand into Europe and the UK and grow its wholesale business.
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The broker will now have access to an M&A war chest for inorganic growth.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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Proceeds will be used to pay off debt maturing at the end of the year and to support new market growth.
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The business has been ~70% owned by White Mountains since January 2024.
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The firm posted trailing 12-month organic growth of 23% YoY supported by a three-pillar strategy.
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Sources said that Howden Capital Markets is advising the fronting company.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Verisk's recent deals and its interest in cyber-analytics firm CyberCube show M&A in the segment has ticked up.
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The company will continue its capacity partnership with the MGA until 2030.
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Return horizons are shifting, and entrepreneurial underwriters should start looking at longer tail business.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The transaction marks the largest US market entry by a Korean non-life insurer.
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With the deal, sources expect backers Tiptree and Warburg Pincus to exit the Floridian insurer.
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Sources said the start-up has two $10mn+ Ebitda platform deals lined up.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The deal values the Onex-backed P&C broker at over $7bn.
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The low degree of overlap between the combining portfolios benefits both parties.
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Other parties that looked at the business include CPPIB, Permira and Carlyle, sources said.
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A federal judge restricted former Marsh employees from soliciting for Howden.
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The deal’s benefits headlined AJG’s investor day presentation.
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Onex is making the investment alongside PSP, Ardian and others.
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This publication revealed earlier this year that the firm was working with Ardea to explore strategic options.
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The mortgage insurer said Inigo will continue to operate as a standalone business.
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The acquisition furthers Howden’s expansion into the US retail space.
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The Inigo CEO said the lack of portfolio crossover was highly attractive to Inigo.
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The US mortgage insurer announced its $1.7bn acquisition of Inigo earlier today.
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The deal becomes part of a wave of carrier dealmaking.
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Sources said the agency first considered a debt raise but recently pivoted to a sale process.
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The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
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A process has not been launched and a firm timeline for a liquidity event has not been agreed.
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Tangram will become the inaugural portfolio company of Balavant Insurance.
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The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.
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This publication reported earlier today of the asset manager’s foray into the MGA space.
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The deal represents a first entry into the US MGA market for the $1.1tn asset manager.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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As part of the transaction, PE firm Atlas Merchant has agreed to sell its interest in MarshBerry.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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The boutique retail broker provides P&C and benefits services in the Mexican Caribbean hospitality sector.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
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The insurer has been under review with positive implications since March.
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Andrew Robinson returns to Lloyd’s after his previous involvement via The Hanover’s Chaucer deal.
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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
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The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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Arkansas-based RVU provides commercial P&C and some specialty programs.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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A view into PE-fueled activity in the MGA sector, as LatAm carrier M&A accelerates.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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James River said the court was right to dismiss the fraud case.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The company said defendant "distraction" can’t make up for flimsy arguments.
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Analysis of market conditions, reserves show that this might not lead to an overnight consolidation boom.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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The likes of Genstar, Leonard Green and Bain also looked at the program manager.
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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
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The all-cash deal values the Bermudian’s stock at a 36% premium.
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This publication first reported deal talks last week.
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Hasnaa El Rhermoul will be SVP at Ethos Transactional, sources said.
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Sources said Atlas’ owner is selling the retail agencies but will retain the Hawaii carrier Island Insurance.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Equidad earlier sold its soccer team to group of US investors that includes actor Ryan Reynolds.
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The insurer has chosen a “take two” deal after buying Endurance, betting again on Bermuda.
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This publication revealed yesterday that the two were in detailed takeover talks.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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The completion is also good news for Marsh, Aon, WTW and other potential buyers in US retail.
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Sources said that detailed discussions have taken place, with a clear path to a deal.
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The deal was announced last month.
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The Brazilian carrier grew earned premiums to over $100mn in 2024.
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The company said the judge overlooked key issues in dismissing its fraud case.
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The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
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Insurance Insider US takes a closer look at tuck-in activity as valuations continue to hold steady.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The move includes One80 Intermediaries, formerly part of Risk Strategies.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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This publication reported yesterday that Talanx was closing in on the sale.
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With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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The company was right to drop its reinsurance unit and refocus on its specialty roots.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The Risk Strategies parent company had also been the subject of bids from Marsh and Howden.
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The wholesaler also paid nearly $29mn for the Irish MGU 360 Underwriting.
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AJ Gallagher has responded to a request for additional information under the HSR filing.
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DB reiterated that no final decisions have been made regarding a potential deal.
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AmeriLife and OneDigital are in the market while Relation is preparing for a liquidity event.
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Nationwide will delegate management of the policies to Ryan Specialty.
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The company provides management workflow for residential contractors.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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The regional insurer has increased its weighting to OLO and commercial auto, versus comp.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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This is its second significant wholesale acquisition this year following the $54mn takeover of NBS.
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North American carriers completed the most transactions in the first half of 2025.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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A timeline for the process has yet to be determined, but the base case is H1 2026.
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Sources said the Atlanta-based platform retained Evercore to run the auction.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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Sources said that Evercore is running the process, which went through first-round bids earlier this month.
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Weatherbys Hamilton provides private client, bloodstock and farm coverage.
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This is the New York-based firm’s first acquisition since launching in 2024.
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It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
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Recent inbound offers can “oftentimes” be a leading indicator that the market is slowing, he said.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The judge ruled the deal relied too heavily on Bermuda law for US law to apply.
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Succession, heavyweight M&A and expanding beyond its core will all test the broker.
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On the rate environment, Schnitzer said the amplitude of the pricing cycle is shrinking.
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The broker has emerged as the emphatic winner of the supercycle, but new tests are coming.
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This publication revealed the planned stake purchase earlier this week.
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Underhill spent nine years at BHSI as global head of transactional liability.
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In May, this publication revealed that Warburg was among the PE bidders for KAP.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Apax and Carlyle will continue to back the broker consolidator.
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The MGA opened the door for potential growth via M&A besides organic growth, team hires and carrier carve-outs.
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A London wholesaler broker would be a compelling second move.
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The FTC granted early termination of the waiting period, leaving the acquisition on track to finish in early 2026.
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The CD&R and Stone Point-backed wholesaler said that further international deals may follow.
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Sixth Street and Cornell also bid for the wholesaler.
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The Bermudian investor already owned a 1% interest in the NY-based MGA platform.
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The deal comes amidst an expected spell of M&A on Lime Street.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The cyber business will continue to operate as a standalone entity.
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Earlier this year, Insurance Insider US revealed that the insurers were in takeover talks.
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The carriers remain in takeover negotiations but have not reached a decision around valuation.
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The take-private deal was announced in July 2024.
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A second look at the services deals boom powered by this publication’s M&A Tracker.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Sources said BMO was retained earlier this year to advise on the strategic process.
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The vote paves the way for the finalization of the deal in the first half of 2026.
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Westfield will receive $260mn in cash and ~2.75 million shares of First Financial stock worth about $65mn.
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Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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In March, this publication revealed that Pinnacle was considering a sale.
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PwC reported that deal volume decreased to 209 deals from 297, but values climbed to $30bn from $20bn.
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Howden has been expanding its South American presence through M&A.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The deal triples Hippo’s new homeowner leads and extends Baldwin’s MGA capacity.
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Hippo will also provide capacity for existing and future MSI programs.
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Above-market organic growth, mid-market M&A and talent infusions were all heralded.
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Howden recently expanded in South America with the takeover of Contacto and Innova Re.
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