Tracked deals
15
15 tracked deals across 2024.
Insurance Divestitures in 2024
Buyer mix
Strategic-led
17 strategic
Top trend
Volume peaked in 2024
15 tracked deals announced in 2024.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Hub International Limited | 3 | Global insurance broker and financial services firm offer... | Strategic (PE-backed) |
| A-G Specialty Insurance | 1 | Specialty insurer focused on participant/student‑athlete ... | Strategic |
| Alliant Insurance Services | 1 | National insurance brokerage and risk-management firm off... | Strategic |
| Amynta Group | 1 | Insurance services company providing specialty underwriti... | Strategic |
| Amynta Risk Solutions | 1 | Amynta Group underwriting/management platform (MGU) focus... | Strategic |
| Aon plc | 1 | Global professional services firm providing risk manageme... | Strategic |
| Arch Capital Group Ltd. | 1 | Public global insurer/reinsurer providing insurance, rein... | Strategic |
| Arch Insurance North America | 1 | U.S. and Canada insurance operations of Arch Capital Grou... | Strategic |
| Inszone Insurance Services | 1 | National insurance brokerage providing personal, commerci... | Strategic |
| Medical Mutual | 1 | Ohio-based mutual health insurer offering Medicare Advant... | Strategic |
Acquisition Volume in Insurance Divestitures in 2024 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 24, 2024
- Buyer
- Amynta Group, Amynta Risk Solutions
- Target
- Crum & Forster Credit Division
- Seller
- Crum & Forster, Fairfax Financial Holdings Limited
- Industry
- Insurance
- Location
- New Jersey, United States
- Type
- Divestiture
Amynta Group has acquired the Credit Division of Crum & Forster (a Fairfax Financial subsidiary). The acquired business will operate as a full-service Managing General Underwriter under Amynta Risk Solutions, led by Daniel L. Sussman, and C&F will remain a distribution/partner for the business.
-
December 2, 2024
- Buyer
- Aon plc
- Target
- Mitsubishi Chemical Group (MCG) in-house insurance agency business (operating as part of Dia Rix)
- Seller
- Mitsubishi Chemical Group (MCG)
- Industry
- Insurance
- Location
- Japan
- Type
- Divestiture
Aon plc has signed a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG) in Japan. The business, which operates as part of Dia Rix, provides corporate and personal lines insurance to MCG group companies and employees. The transaction is expected to close in early 2025, after which the team will transition to Aon’s brand and operating model.
-
November 5, 2024
- Buyer
- Inszone Insurance Services
- Target
- Sandia Area Federal Credit Union (insurance book)
- Seller
- Sandia Area Federal Credit Union
- Industry
- Insurance
- Location
- New Mexico, United States
- Type
- Divestiture
Inszone Insurance Services has acquired the existing insurance book of business from Sandia Area Federal Credit Union and established a long-term partnership to serve Sandia Area members. The deal will expand Inszone's footprint in New Mexico and provide Sandia Area members access to a broader range of personal, commercial, and benefits insurance products with a seamless transition of existing policies.
-
November 4, 2024
- Buyer
- Hub International Limited
- Target
- Western Growers Insurance Services (retail insurance brokerage business)
- Seller
- Western Growers Association
- Industry
- Insurance
- Location
- California, United States
- Type
- Divestiture
Hub International Limited has acquired the retail insurance brokerage business of Western Growers Insurance Services (WGIS). The deal brings WGIS' 10 offices and agribusiness-focused insurance, employee benefits and risk management capabilities into Hub's Central & Northern California platform; terms were not disclosed.
-
October 9, 2024
- Buyer
- Hub International Limited
- Target
- WestStar Insurance Agency, Inc.
- Seller
- WestStar Bank
- Industry
- Insurance
- Location
- Texas, United States
- Type
- Divestiture
Hub International Limited has acquired the assets of WestStar Insurance Agency, Inc. from WestStar Bank. The transaction brings the WestStar Insurance team into Hub Texas to strengthen Hub's commercial and personal insurance capabilities in the Borderplex region; terms were not disclosed.
-
September 5, 2024
- Buyer
- A-G Specialty Insurance
- Target
- Bollinger TPA Services
- Seller
- Arthur J. Gallagher & Co.
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Divestiture
A-G Specialty Insurance has acquired Gallagher's Bollinger TPA Services from Arthur J. Gallagher & Co., expanding A‑G's capabilities and footprint in student-athlete and K–12 student accident insurance. The deal transfers Bollinger TPA's portfolio, clients and employees to A‑G and is intended to deepen the companies' partnership while ensuring a smooth transition for clients and staff.
-
- Buyer
- PCF Insurance Services
- Target
- DLD Insurance Brokers
- Seller
- DLD Insurance Brokers
- Industry
- Insurance
- Location
- California, United States
- Type
- Divestiture
PCF Insurance Services, a top-20 U.S. insurance brokerage based in Lindon, Utah, has acquired the insurance business of DLD Insurance Brokers, founded in 1989 and based in Irvine, California. The deal expands PCF's capabilities and bench strength in construction and real estate risk management and represents the company's ninth significant acquisition in 2024 as it pursues aggressive M&A-driven growth.
-
- Buyer
- PCF Insurance Services (PCF Insurance Services of the West, LLC)
- Target
- Montalvo Insurance Agency (insurance business)
- Seller
- Montalvo Insurance Agency
- Industry
- Insurance
- Location
- Texas, United States
- Type
- Divestiture
PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, has acquired the insurance business of the Montalvo Insurance Agency, a long-standing agency serving southern Texas for more than 65 years. The deal brings Montalvo's public-entity client relationships and local team into PCF's platform, providing expanded market access, enhanced coverage solutions, and shared-services support.
-
- Buyer
- Hub International Limited
- Target
- Integrated Benefits Group Insurance Brokerage, Inc.
- Seller
- Integrated Benefits Group Insurance Brokerage, Inc.
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Divestiture
Hub International Limited acquired the assets of Integrated Benefits Group Insurance Brokerage, Inc. (IBG), an employee and group benefits broker based in Stoneham, Massachusetts. The IBG team, led by CEO Tony Maffeo, will join Hub New England; financial terms were not disclosed.
-
- Buyer
- Sunstar Insurance Group, LLC
- Target
- Renasant Insurance, Inc.
- Seller
- Renasant Corporation, Renasant Bank
- Industry
- Insurance
- Location
- Mississippi, United States
- Type
- Divestiture
Sunstar Insurance Group, a regionally focused insurance broker based in Memphis, Tennessee, acquired the assets of Renasant Insurance, Inc. from Renasant Corporation effective July 1, 2024. Renasant Insurance will rebrand as Sunstar Insurance Services, with all leadership and employees joining Sunstar as the acquisition provides Sunstar its first agency presence in Mississippi and expands its products and services in the region.
-
April 5, 2024
- Buyer
- Arch Insurance North America, Arch Capital Group Ltd.
- Target
- Allianz U.S. MidCorp insurance business (Fireman's Fund subsidiaries), Allianz U.S. Entertainment insurance business (Fireman's Fund subsidiaries), Fireman's Fund Insurance Company (U.S. MidCorp and Entertainment underwriting operations being sold)
- Seller
- Allianz Global Corporate & Specialty SE (AGCS)
- Industry
- Insurance
- Location
- United States
- Type
- Divestiture
Allianz Global Corporate & Specialty (AGCS) has agreed to sell its U.S. MidCorp and Entertainment insurance businesses, underwritten via its Fireman’s Fund subsidiaries, to Arch Insurance North America for $450 million. The transaction is expected to close in the second half of 2024 and includes Arch assuming approximately $2 billion of loss reserves, with about 500 Allianz employees transferring.
-
- Buyer
- NFP
- Target
- SDN Insurance Agency
- Seller
- Financial Institutions, Inc., Five Star Bank
- Industry
- Insurance
- Location
- New York, United States
- Type
- Divestiture
NFP has acquired the assets of SDN Insurance Agency from Financial Institutions, Inc., expanding NFP's presence in the Buffalo and Rochester markets and strengthening its commercial P&C and benefits capabilities in Western New York. Bill Gallagher, president of SDN, will join NFP and report to Mike Walsh as part of the integration.
-
- Buyer
- Risk Strategies
- Target
- Hugh Wood Inc., Hugh Wood Canada Limited
- Seller
- H.W. International B.V.
- Industry
- Insurance
- Location
- New York, United States
- Type
- Divestiture
Risk Strategies has acquired Hugh Wood Inc. (U.S.) and Hugh Wood Canada Limited, the North American operating entities of H.W. International B.V., expanding its retail brokerage presence in Canada and strengthening specialty capabilities in marine, fine art, and complex commercial lines. The acquisition follows a strategic review and sale process by HWI B.V.; terms were not disclosed and TAG Financial Institutions Group acted as sell-side advisor.
-
January 29, 2024
- Buyer
- Medical Mutual
- Target
- Paramount Health Care
- Seller
- ProMedica
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Divestiture
Medical Mutual of Ohio has agreed to acquire Paramount Health, the ProMedica-owned health insurance company based in Toledo, Ohio, pending regulatory approval with the deal expected to close by May 1, 2024. Paramount will operate as a wholly owned subsidiary of Medical Mutual and continue offering its Medicare Advantage, Individual ACA, commercial group and short-term plans while Paramount employees transition into Medical Mutual.
-
- Buyer
- Alliant Insurance Services
- Target
- PBC Insurance Employee Benefits Division
- Seller
- PBC Insurance
- Industry
- Insurance
- Location
- Oregon, United States
- Type
- Divestiture
Alliant Insurance Services has acquired the Employee Benefits Division of Eugene, Oregon-based PBC Insurance, with the entire benefits team joining Alliant and continuing to serve clients from Eugene. The deal expands Alliant’s employee benefits capabilities and strengthens its Pacific Northwest footprint; terms were not disclosed.
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