Topic
Insurance M&A
434 stories · tracked since Aug 6, 2024 · latest Sep 22, 2026
Insurance M&A is the buying, selling and merging of insurers, brokerages, agencies and insurtech companies. Deals range from partial stake purchases and small agency roll-ups to full acquisitions of one insurer by another, often by a larger rival or a private equity investor.
Who buys whom, and what changes hands
In an insurance acquisition, the acquirer buys the target outright, taking on its policies, capital reserves, staff and regulatory licenses. Buying a brokerage or agency is usually simpler: the buyer absorbs a book of business and client relationships without inheriting underwriting risk, which is why brokerages and agencies change hands far more often than carriers. Between those two sits the minority stake, where a larger company buys a slice of a smaller one, often an insurtech, to lock in a commercial partnership ahead of a possible full buyout later. Roll-up strategies string together many small agency purchases into one larger distribution platform.
Why the pace has picked up, and where it gets hard
Carriers increasingly buy distribution and technology rather than build them, brokers look to add scale and specialty expertise, and private equity backs roll-ups that consolidate a fragmented agency market. The hard parts sit after signing: merging legacy policy administration systems without disrupting live policyholders, retaining staff and client relationships through the transition, clearing regulatory approval where a carrier's capital and licenses are involved, and agreeing a price when buyer and seller read the target's growth prospects differently.
What shows up here, and how the mix has shifted
The activity spans composite insurers buying each other outright, brokerages absorbing smaller agencies, and carriers taking stakes in insurtechs rather than acquiring them whole. Over the period covered, insurtechs appear more often as the target or stake partner in deals aimed at digital distribution and AI-driven underwriting, alongside the older pattern of carrier-to-carrier consolidation. These deals cluster with AI & Automation, Claims & Underwriting and Product & Launches coverage more than with pure scale plays, suggesting technology capability is as often the point of a deal as market share.
Buying a company outright versus buying into one
A full acquisition transfers ownership, balance sheet and regulatory standing completely, and for a licensed carrier it needs regulator sign-off before it can close. A minority stake is lighter: the buyer gains influence, data access or a right of first refusal on a future full purchase, while the target keeps running independently and keeps its own license. Insurers use the stake route often when the target is an insurtech whose value lies in its technology or distribution reach rather than in a back book of policies worth absorbing wholesale.
Written by Insurtech Daily from the coverage below.
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Coverage
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Maridea Wealth Management Acquires Ohio’s River Cities and DFW Insurance
Maridea Wealth Management has acquired River Cities Financial Services and Dietz, Futrell & Walters Insurance, two affiliated firms based in Marietta, Ohio. The addition marks Maridea’s first presence in Ohio. DFW…
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Equal Parts Acquires Texas’ ProSource
Equal Parts has acquired ProSource Insurance Agency, a Plano, Texas-based brokerage specializing in transportation insurance. Completed during the first quarter of 2026, the acquisition strengthens Equal Parts’…
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Gallagher acquires Innovise Business Consultants
Innovise provides commercial insurance and surety bonding services.
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Equal Parts acquires ProSource Insurance Agency
Among Equal Parts’ previous acquisitions are Blue Star Insurance Agency and Strategic Insurance, both based in New Mexico.
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EPIC Acquires Michigan’s Korotkin Insurance Group
EPIC Insurance Brokers & Consultants has acquired Korotkin Insurance Group, a fifth-generation independent brokerage with over a century of operational history in Michigan. KIG brings a strong regional presence and…
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Jensten strengthens Tech, Media, Cyber & Life Sciences division with VRG acquisition
Jensten Group, a provider of insurance services in the UK, has agreed to acquire Venture Risks Group (VRG), a specialist technology-focused corporate broker. The transaction is expected to be completed in October 2026.…
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Jensten Group to acquire technology-focused corporate broker Venture Risks Group
Jensten Group has agreed to acquire Venture Risks Group (VRG), a specialist technology-focused corporate broker, as it looks to expand its presence in the technology and life sciences sectors.
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Arthur J. Gallagher Acquires Innovise Business Consultants
Arthur J. Gallagher & Co. acquired Englewood, Colorado-based McMillan Insurance & Bonding Inc., dba Innovise Business Consultants. The Innovise Business Consultants team, led by Jason McMillan, will relocate to…
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NFP acquires Moores Insurance Management
NFP has acquired Moores Insurance Management, a multi-disciplinary risk management firm based in Minneapolis, Minnesota.
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World Insurance Acquires New Jersey’s TE Freuler Agency
Insurance broker World Insurance Associates LLC announced that it has acquired the business of TE Freuler of Somerset, New Jersey. Terms of the June 1, 2026 transaction were not disclosed. TE Freuler, which also has an…
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NFP acquires Moores Insurance Management
The company keeps buildings its private client business one Midwest at a time
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NFP Acquires Minnesota’s Moores
NFP announced the acquisition of Moores Insurance Management, Inc., a multi-disciplinary risk management firm based in Minneapolis, Minnesota. Mark Moores, CEO of Moores, will join NFP as senior vice president…
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NFP acquires Moores Insurance Management
Moores operates across 43 states.
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Dell family office nears $7.7bn Baldwin Insurance take-private deal
DFO Management is in advanced talks to acquire the Tampa-based brokerage at a premium to its current market value
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Aon Raises $13.5 Billion From Bond Sale to Fund USI Takeover
Aon Plc raised $13.5 billion from a high-grade bond offering to help fund its planned acquisition of USI Insurance Services, marking one of the biggest M&A financing deals to come to market in 2026. Investors placed as…
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World Insurance Associates picks up its latest Texas agency
Cubriel becomes at least the fourth Texas agency World has acquired in recent years
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Business Moves: Miller Launches Miller Malaysia, Building Regional Footprint; MNK Group Buys Danish Insurer ETU Forsikring
Miller, the London-based independent specialist re/insurance broker, announced its continued expansion in Asia with the launch of Miller Malaysia. Building on its established presence across the region, Miller…
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Kyobo Life Insurance will merge its Internet life insurance subsidiary Kyobo Life Planet Life Insura..
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Tech Bytes: Agero Partners With MOTER Technologies
Agero, through its Urgently acquisition, announced a partnership with MOTER Technologies Inc., an InsurTech that transforms connected vehicle data into real-time risk and claims insights. Together, the companies will…
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World Insurance Associates Acquires Texas’ Cubriel
World Insurance Associates announced that it acquired the business of Cubriel Insurance Agency of Laredo, Texas on June 1, 2026. Terms of the transaction were not disclosed. Cubriel is a P&C agency with a business mix…
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Zurich’s £8.1bn Beazley acquisition to complete October 1 following regulatory clearance
Zurich Insurance and Beazley have confirmed that Zurich’s recommended all-cash acquisition of the London-headquartered specialist insurer is on track to take effect on 1 October 2026, after all required regulatory…
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In Bots We Trust? For Insurance?
Accenture’s Michael Reilly imagines a world in which AI agents do the shopping for personal lines insurance — a world where price may no longer determine a customer’s decision about which carrier’s coverage to buy. “The…
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NotSure
This week, WeSure announced the acquisition of Utah Business Insurance Company (UBIC), stating that the group writes approximately $1.6 billion in premiums and manages more than $8 billion in assets....
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Arrow Bank to Acquire Skene Valley Agency in Upstate New York
Bank holding company Arrow Financial Corp. announced that Upstate Agency, LLC, a subsidiary of Arrow Bank National Association, has agreed to acquire Skene Valley Agency, Inc., an independent insurance agency in…
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BROCK Acquires DigitalBGA Health Division, Expanding Its Health Insurance Distribution Platform
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BROCK Acquires DigitalBGA Health Division, Expanding Its Health Insurance Distribution Platform
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Jencap Acquires North Dakota’s Concorde
Jencap Group announced that it has acquired Concorde General Agency (Concorde), a regional wholesaler specializing in personal lines, commercial lines, and farm and ranch insurance. Fargo, North Dakota-based Concorde…
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MNK Group acquires Danish non-life insurer ETU Forsikring
MNK Group, the independent international insurance group, has completed the acquisition of 100% of Danish insurer ETU Forsikring A/S, following approval from the Danish Financial Supervisory Authority (Finanstilsynet).…
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Insurance moves: Corgi, Pan-American, Third Wave, Relm, AXA XL, Burns & Wilcox, MJ, More
AXA XL has created a dedicated private equity client role for the Americas - and Third Wave's new CEO spent years running AssuredPartners' acquisition function, signalling a more structured acquisition pace ahead
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weSure acquires UBIC
The transaction follows weSure’s September 2025 acquisition of payroll platform Hourly.
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Anytime strengthens presence in Cyprus with portfolio acquisition of Gan Direct Insurance
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Run-off liabilities reach $2.57bn YTD following slow H1 start: PwC
Combined gross liabilities of the non-life insurance run-off market reached an estimated $2.57 billion in 2026 year to date, driven by 18 publicly announced deals across eight acquirers, according to data from PwC. The…
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Amwins acquires firearms insurance MGA
Chiarello will join Amwins Underwriting.
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EQT to Pay $2 Billion for Majority Stake in McGill and Partners
EQT AB has agreed to acquire a majority stake in UK insurance broker McGill and Partners from Warburg Pincus LLC for $2 billion, as the Swedish buyout firm looks to accelerate the company’s global expansion. The…
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Anytime strengthens its presence in Cyprus with portfolio acquisition of Gan Direct Insurance which enters a new era
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Anytime acquires Gan Direct Insurance portfolio, strengthens position in Cyprus
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World Insurance Associates acquires Pellechio Family Agency
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King Risk Partners acquires New Jersey agency Conover Beyer
King Risk Partners has acquired Conover Beyer Associates Insurance, an independent insurance agency based in Manasquan, New Jersey.
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$2bn deal: EQT to acquire specialty broker McGill and Partners from Warburg Pincus
EQT has agreed to acquire a majority stake in specialty insurance and reinsurance broker McGill and Partners from Warburg Pincus, in a deal valuing the business at $2bn.
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EQT lands $2 billion swoop for McGill and Partners as private equity's insurance spree rolls on
Swedish buyout giant acquires majority share in London specialty broker from Warburg Pincus in a week that also saw KKR exit USI for a reported $17 billion
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EQT to acquire McGill and Partners for $2 billion
The broker employs more than 600 people across seven countries and serves over 1,000 insurance and reinsurance clients.
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King Risk Partners Acquires New Jersey’s Conover Beyer Associates
King Risk Partners announced the acquisition of Conover Beyer Associates Insurance, an independent insurance agency based in Manasquan, New Jersey. Founded in 1882, Conover Beyer Associates is a family and veteran-owned…
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World Insurance Associates picks up another New Jersey agency
World has now acquired at least five named New Jersey agencies since September 2025 - and with Goldman Sachs backing and a $3.4 billion enterprise valuation, the pace is unlikely to slow
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Ty J. Young Wealth Management acquires Washington-based insurance firm
This is at least the third annuity book acquisition the company has announced in three weeks
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World Insurance Acquires New Jersey’s Pellechio Family Agency
World Insurance Associates announced it acquired the business of Pellechio Family Agency of Parsippany, New Jersey on May 1, 2026. The Pellechio agency was founded in 2107. It offers commercial and personal insurance.…
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Business Moves: Oneglobal Broking Acquires LATAM Reinsurance Brokers
Oneglobal Broking, the London-based international insurance and reinsurance broker, has acquired LATAM Reinsurance Brokers Corp., an independent reinsurance broker headquartered in Panama City, Panama. Financial details…
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Descartes and Generali renew strategic parametric partnership
Descartes Underwriting, a global provider of parametric re/insurance solutions for climate and emerging risks, and Generali Global Corporate & Commercial (GC&C), the business unit of Generali Group that provides…
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Samsung insurers plan to buy Canopius
The South Korean insurers are expected to sign a deal with major share owners including asset manager Centerbridge Partners.
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Reports suggest Samsung Fire & Marine plans to increase stake in Canopius
Reports have emerged suggesting that Samsung Fire & Marine Insurance and Samsung Life Insurance, both part of South Korea’s Samsung Group, are planning to acquire an additional 50% stake in specialty and P&C re/insurer…
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Samsung-Affiliated Insurers Plan to Buy Canopius for $1.5 Billion, Newspaper Says
South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said on…
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Ignyte Insurance acquires travel marketplace InsureMyTrip
The same team that built NSM's travel insurance arm through a string of acquisitions is now reassembling near-identical scale under a new name - and InsureMyTrip is their sixth brand in under a year
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Amwins Acquires Firearms Insurance Specialist Joseph Chiarello & Co.
Specialty insurance wholesale broker Amwins reports it has acquired Joseph Chiarello & Co., Inc., a managing general agent (MGA) specializing in commercial insurance for the firearms industry. Terms of the deal were not…
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Succession gap fuels Inszone's latest commercial lines deal
Corporate Insurance Group founder chose acquisition over wind-down, reflecting a pattern driving independent consolidation
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Stewart Information Services Acquires Telecommunications Specialist Tower Title
Houston-based title insurer and real estate services firm Stewart Information Services Corp. reports it has acquired East Providence, Rhode Island-based Tower Title, a national specialist in title services for the…
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InsuranceDekho merges with RenewBuy
The two businesses have facilitated more than 20 million policies.
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Rocket Money launches AI financial assistant Rowan
Rocket Money, formerly known as Truebill, was acquired by Rocket Companies in 2021.
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Reinsurers raise the bar for MGA programmes as focus shifts to sustainable underwriting: Accredited
Reinsurers are becoming increasingly selective about the MGA programmes they support, with underwriting profitability, data quality, governance, and the strength of the carrier relationship emerging as key…
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Global Insurtech Alan Enters Africa With Tanel Acquisition
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Specialty Insurance Platform Ignyte Acquires InsureMyTrip
Pennsylvania-based Ignyte Insurance, a specialty insurance platform, has acquired InsureMyTrip, a travel insurance marketplace that helps travelers compare and purchase coverage from insurance providers. Terms of the…
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Ignyte buys InsureMyTrip, its sixth travel insurance brand
Showing the 60 most recent of 434.