2023 M&A News

One80 Intermediaries Acquires Transportation Agency GMI Insurance

One80 Intermediaries, a specialty insurance broker headquartered in Boston, has acquired GMI Insurance, a Pennsylvania-based managing general agent specializing in commercial transportation and related insurance. Terms of the deal were not disclosed. Established in 1980, GMI Insurance initially focused on …

Howden’s Aston Lark Acquires UK Broker Curtis Marine

Aston Lark, a Howden company, announced it has acquired Plymouth, UK-based marine insurance broker, Curtis Marine. Financial details of the deal were not disclosed. Curtis Marine will become part of Howden’s marine practice, trading under the Haven Knox-Johnston name. The …

Howden’s Aston Lark Ireland Agrees to Acquire Finance Solutions

Aston Lark Ireland, a Howden company, announced it has agreed terms to acquire Kegra Ltd., (trading as Finance Solutions), a Dublin-based mortgage broking specialist. Terms of the acquisition, which is subject to regulatory approval, were not disclosed. Founded in 2011 …

US Insurance Giant Marsh Set for $448 Million Honan Deal

Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand. The Marsh & McLennan Cos Inc. unit has signed a deal to buy out …

Private Equity Firm Hg Weighs Options for €1.5 Billion Insurance Broker GGW

Hg is weighing options for GGW Group, including a sale that could value the German insurance broker at about €1.5 billion ($1.6 billion), people familiar with the matter said. The software-focused private equity firm is working with advisers as it …

Specialist Risk Group Acquires UK’s Cheshire Insurance Brokers

Specialist Risk Group (SRG), the London-based insurance intermediary, has acquired Cheshire Insurance Brokers (CIB). Financial details of the transaction were not disclosed. Established in 2010 by Dominic Leach & Victoria Benito and based in Hale, England, CIB specializes in arranging …

Harford Mutual Completes Merger With Workers’ Compensation Writer ClearPath

Maryland-based commercial property/casualty insurer Harford Mutual Insurance Group announced that it has received final approval from the Maryland Insurance Administration of its merger with ClearPath Mutual Insurance Co., a monoline workers’ compensation carrier headquartered in Louisville, Kentucky. The merger, which …

Arthur J. Gallagher & Co. Acquires Canadian Consultant Horn

Arthur J. Gallagher & Co. announced the acquisition of Toronto, Ontario-based A.H. Horn and Associates Ltd. (which does business as Horn). Terms of the transaction were not disclosed. Horn provides sales and leadership development programs and consulting services across a …

Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting

DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal were not disclosed. DUAL said, the acquisition cements …

Broker Verlingue Expands UK Footprint With Acquisition of Brunsdon Employee Benefits

Verlingue has announced the acquisition of Gloucester, England-based Brunsdon Employee Benefits, an independently owned employee benefits specialist. The deal, subject to regulatory approval, supports Verlingue’s recent expansion in the Midlands and Southwest and significantly boosts its employee benefits capabilities in …