Tracked deals
2398
2398 tracked deals across 2013-2026.
Tracked deals
2398
2398 tracked deals across 2013-2026.
Buyer mix
Strategic-led
2346 strategic · 399 pe
Top trend
Volume peaked in 2024
389 tracked deals announced in 2024.
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Hub International Limited | 198 | Global insurance brokerage and financial services firm pr... | Strategic (PE-backed) |
| Inszone Insurance Services | 187 | Full-service insurance brokerage providing personal and c... | Strategic (PE-backed) |
| Arthur J. Gallagher & Co. | 119 | Global insurance brokerage, risk management and consultin... | Strategic |
| World Insurance Associates LLC | 112 | National full-service insurance brokerage and financial s... | Strategic (PE-backed) |
| Risk Strategies | 61 | National specialty insurance brokerage and risk managemen... | Strategic (PE-backed) |
| Alera Group | 54 | National insurance brokerage and financial services firm ... | Strategic (PE-backed) |
| AssuredPartners, Inc. | 54 | Full-service insurance broker providing commercial insura... | Strategic (PE-backed) |
| NFP | 34 | Leading insurance broker and consultant providing propert... | Strategic |
| King Risk Partners | 33 | Regional insurance brokerage offering personal and commer... | Strategic (PE-backed) |
| OneDigital | 33 | National insurance brokerage, financial services and HR c... | Strategic (PE-backed) |
Last 10 years
Supporting Data
The Baldwin Group entered into a definitive agreement to be acquired in an all-cash transaction valued at approximately $7.7 billion. The deal is led by an entity formed by Sequence Holdings and DFO Management, the family investment office of Michael Dell, and is expected to close in the first quarter of 2027.
Arthur J. Gallagher & Co. acquired Innovise Business Consultants, a commercial insurance brokerage and surety bonding firm based in Englewood/Meridian, Colorado. Innovise’s team will relocate to Gallagher’s Denver office, and financial terms were not disclosed.
NFP, an Aon company, announced the acquisition of Moores Insurance Management, Inc., a multi-disciplinary risk management firm based in Minneapolis, Minnesota. The deal is intended to expand NFP’s property and casualty (P&C) risk capital capabilities in the Twin Cities market by combining Moores’ local relationships with NFP’s broader resources.
Jencap Group LLC acquired Concorde General Agency, a North Dakota-based specialty insurance intermediary focused on personal lines, commercial lines, and farm & ranch insurance. Concorde will continue operating under the Concorde General Agency brand as part of the Jencap Insurance Services Inc (JCIS) division, expanding Jencap’s geographic presence in the Upper Midwest.
EQT X (EQT Private Equity) has entered into a definitive agreement to acquire a majority stake in McGill and Partners for USD 2.0 billion from Warburg Pincus. Founders and management (including CEO Steve McGill) will re-invest alongside EQT and retain meaningful ownership, while Warburg Pincus will fully exit its equity stake.
King Risk Partners acquired Conover Beyer Associates Insurance, a family- and veteran-owned independent insurance agency based in Manasquan, New Jersey. The deal expands King Risk Partners’ presence in New Jersey and the broader Mid-Atlantic region while adding capabilities across commercial and personal insurance, employee benefits, and risk management.
Ignyte Insurance announced the acquisition of InsureMyTrip, a U.S. travel insurance marketplace headquartered in Warwick, Rhode Island. The deal adds a major online travel insurance shopping platform to Ignyte’s growing portfolio of travel and travel medical insurance brands, and InsureMyTrip will continue operating under its established brand with added capital and technology support from Ignyte.
Hilb Group has acquired a Michigan-based property and casualty insurance agency to expand its brokerage and advisory presence in the Midwest. The acquisition took effect on August 1, 2026, though the acquired agency’s name and deal terms were not disclosed.
Inszone Insurance Services acquired Aviza Insurance Agency, a Coldwater, Michigan independent agency with expertise in farm and agribusiness insurance. The deal is intended to expand Inszone’s footprint in Michigan and provide Aviza clients access to Inszone’s expanded markets, technology, and back-office resources.
ANV Group Holdings Ltd. entered into a definitive agreement to acquire Car Care Plan (“CCP”), a leading U.K. motor warranty managing general agent (MGA), from AmTrust Financial Services, Inc. The transaction is expected to close around the end of September 2026 and includes Dent Wizard Ventures in the United Kingdom and CCP’s overseas subsidiaries (including in the United States, Europe, Turkey, and China).
Steadfast Group has entered into a binding scheme implementation deed under which a consortium backed by KKR, together with Dragoneer Investment Group and Amwins Group, will acquire the Australian insurance distribution company for an enterprise value of approximately A$7.7 billion. Steadfast shareholders will receive A$6.00 per share in cash, with the deal subject to shareholder, court, and regulatory approvals and targeted to be implemented in December 2026.
King Risk Partners announced the acquisition of Norton and Siegel to expand its New York presence through partnerships with established independent insurance agencies. Norton and Siegel, founded in 1892 in Babylon Village on Long Island, serves individuals, families, and businesses with personal and commercial insurance offerings, including flood, waterfront property, and specialized liability coverage.
Inszone Insurance Services announced the acquisition of Harris Insurance Services, a Tulsa, Oklahoma-based personal lines insurance agency. The deal expands Inszone’s personal lines footprint in Oklahoma and adds the Harris family agency’s nearly century-long client relationships and specialty in policies such as home, auto, umbrella, and more.
Inszone Insurance Services, a national commercial, personal, and benefits insurance brokerage, announced it has acquired D.B. Insurance Services, LLC. The deal expands Inszone’s agency network and provides the acquired team access to broader resources, advanced back-office support, and expanded carrier access while preserving the personalized service model.
Integrity, LLC, a Dallas-based distributor of life and health insurance and provider of wealth management solutions, acquired Visionary, an independent marketing organization based in Atlanta, Georgia. The companies said the acquisition will leverage Integrity’s AI-first technology platform and shared services to accelerate agent success and improve the client experience nationwide; financial terms were not disclosed.
Thoma Bravo has entered into a definitive all-cash agreement to acquire Accelerant, a data-driven specialty insurance risk exchange platform, for an enterprise value exceeding $4 billion. Under the deal, Accelerant Class A and Class B shareholders will receive $20.25 per share in cash, representing a 49% premium, and the transaction is expected to close in the first half of 2027 subject to approvals and customary conditions.
The Manhattan Life Insurance Company completed its acquisition of Union Security Life Insurance Company of New York from Assurant, Inc. The transaction closed in March 2026 following regulatory review and ManhatttanLife’s public announcement.
Inszone Insurance Services acquired Hocker Family Insurance, a long-standing insurance agency based in Morgantown, Kentucky. The deal keeps the Morgantown local office and team in place to continue serving existing clients while gaining access to Inszone’s expanded carrier relationships, technology, and operational resources.
Inszone Insurance Services acquired Two Fong's Inc., a Bay Area commercial insurance agency. The deal is intended to expand Inszone’s California presence while keeping Two Fong’s localized, family-business approach to client care.
FM, a commercial property insurer, has acquired FortressFire, a wildfire intelligence company that combines machine learning with physics-based wildfire risk modeling. FortressFire will operate as an independent, wholly owned division of FM and continue serving clients under its existing brand and leadership. Financial terms were not disclosed.
Marsh McLennan Agency (MMA) agreed to acquire Accel Holdings, Inc., an independent insurance and advisory firm headquartered in Waverly, Iowa. The transaction is expected to close in the third quarter, and terms were not disclosed. MMA expects the combination to expand its geographic footprint in Iowa and strengthen retirement, wealth, and agribusiness capabilities.
Inszone Insurance Services announced the acquisition of The Lightle Group, LLC DBA Radwick & Lightle, a Bremerton, Washington-based employee benefits and HR support agency. The deal is intended to strengthen Inszone’s presence in the Pacific Northwest and expand its employee benefits capabilities and resources for small to mid-sized businesses.
American Growth Insurance (AGI), an AI-native insurance brokerage growth platform, acquired Heller-Kowitz Insurance Advisors, a full-service insurance agency based in Baltimore, Maryland. AGI plans to integrate the acquired agency onto its proprietary technology platform and continue building a network of operator-led insurance agencies across the United States.
American Family Mutual Insurance Company has entered into a definitive agreement to acquire the outstanding shares of Bowhead Specialty Holdings that it does not already own in an all-cash transaction valued at approximately $1.2 billion. Bowhead shareholders will receive $34.00 per share, and the deal is expected to close before the end of 2026, subject to approvals and customary regulatory conditions.
High Definition Vehicle Insurance, Inc. (HDVI) was acquired by Federated Mutual Insurance Company (Federated Insurance) effective August 1, 2026. HDVI will operate as a largely autonomous subsidiary of Federated Insurance, aiming to accelerate growth in commercial trucking insurance using its telematics and data-driven approach.
Arthur J. Gallagher & Co. announced the acquisition of Apollo Insurance Solutions Ltd., a Vancouver, British Columbia-based digital insurance broker and managing general agency (MGA) focused on tenant insurance across Canada. The Apollo team will remain in Vancouver, and Gallagher said Apollo’s AI-enabled digital platform will strengthen its capabilities in Canada.
CarShield announced it has finalized the acquisition of its primary contract administrator, American Auto Shield. The deal integrates claims administration in-house to create a fully integrated end-to-end vehicle protection service, keeping American Auto Shield operating under its name within the CarShield company family.
Inszone Insurance Services has acquired Chelf Insurance Group, LLC, strengthening Inszone’s footprint in Oklahoma and expanding local services in Stillwater and surrounding areas. Chelf provides property & casualty, personal and commercial coverage, and workers’ compensation, with additional emphasis on employee benefits.
Third Wave Insurance acquired a Gulf Coast insurance agency platform comprising five firms—Massad Olinde Benefits Consulting, Acuity Group, Benefits Administrative Services, Aparicio Walker & Seeling, and Spielmann & Associates. The acquired agencies will operate under the Palmer & Cay brand as part of Third Wave’s producer-focused, tech-enabled operating platform serving middle-market clients across the Southeast.
Tiptree announced a definitive agreement to acquire Universal Shield Insurance Group, a specialty property and casualty insurer, for $100 million in cash. The deal is subject to regulatory approvals and is estimated to close in the first quarter of 2027.
Inszone Insurance Services acquired Advice Insurance Agency, expanding Inszone’s personal lines offerings, particularly auto insurance. Advice Insurance Agency, which generated more than 90% of business from auto, is transitioning toward the founder’s retirement and will provide clients expanded access to more carriers and additional products including life and broader coverages.
Cover Genius, the embedded protection infrastructure provider, announced its acquisition of Friendsurance, a Berlin-based insurtech and digital bancassurance platform for banks and insurers. The deal combines Cover Genius’s global embedded protection infrastructure with Friendsurance’s local regulatory expertise and bank-grade technology to accelerate “Bancassurance 2.0” across the DACH region. Financial terms were not disclosed, and the acquisition is effective immediately.
Cinven, alongside La Caisse, has agreed to acquire Optio Group, a UK-headquartered specialty insurance Managing General Agent (MGA) platform. The parties cite Optio’s capital-light underwriting model, structurally growing specialty insurance end market, and opportunities for continued organic and M&A growth, with the deal subject to regulatory approvals and customary closing conditions.
Mapfre USA, a subsidiary of Mapfre S.A., has entered into a definitive agreement to acquire Safety Insurance Group, Inc. in an all-cash transaction valued at $1.54 billion. The deal is expected to close in Q1 2027 and is intended to deepen Mapfre USA’s property and casualty franchise in Massachusetts and the broader U.S. Northeast.
Horace Mann Educators Corporation agreed to acquire Employee Services, LLC (ESI) and Reserve National Insurance Company from Medical Mutual of Ohio for a combined net purchase price of approximately $240 million. The deals also include reinsurance of Medical Mutual’s group life and disability business to Horace Mann, expanding employer-focused offerings and distribution reach.
Ascent Insurance Group, a Keystone Platform Partner, acquired Ghentco, Inc. dba Baker Harris Hopkins Insurance Agency. The deal closed on July 1, 2026. Baker Harris Hopkins is an independent insurance agency headquartered in Enid, Oklahoma serving individuals, families, and businesses, while Ascent expands Keystone’s Oklahoma network.
Kish Bancorp’s insurance subsidiary, Kish Insurance, will acquire the Shuck Agency of Huntingdon, Pennsylvania, in a partnership effective August 1, 2026. The Shuck Agency will operate as a division of Kish Insurance, keeping its local identity and office location with Andy Cipar continuing as Managing Director.
Sompo International Holdings said its U.S. subsidiary has entered into a definitive agreement to acquire Austin, Texas-based Service Insurance Companies, a monoline workers’ compensation insurer. The deal terms were not disclosed and is subject to regulatory and other customary closing conditions, while Service Insurance President Brad Davis is expected to continue leading the business under Sompo.
Arrow Global Insurance (AGI), a specialty insurance platform backed by Arrow Global Group, announced the acquisition of Fusion Specialty Group, a specialist managing general agent (MGA). The deal adds Fusion’s underwriting franchise to AGI and is expected to close in the third quarter of 2026, subject to customary closing conditions.
Roadzen has signed a definitive agreement to acquire a regulated, technology-driven European managing general agent (MGA) focused on short-term car rental insurance for approximately $15 million. The deal is expected to strengthen Roadzen’s AI-powered insurance platform and expand its presence in the European mobility insurance market, with acquisition completion targeted for early Q4 2026.
Hagerty entered into a definitive agreement to acquire Bennetts, the United Kingdom’s #2 specialty motorcycle insurance broker, from Lucida Group for £34 million (about $43 million). The deal is expected to close in the third quarter of 2026, subject to regulatory approval, and is intended to expand Hagerty’s international scale and UK footprint.
Hilb Group acquired a Florida-based commercial-focused property and casualty insurance agency, with the acquisition taking effect on July 1, 2026. The deal expands Hilb Group’s growing property and casualty presence in the Southeast region.
Malibu Life Holdings Limited has completed its acquisition of TruSpire Retirement Insurance Company, which will be rebranded as Malibu Life USA. The transaction establishes a U.S. retail annuity origination platform with state licensing, a fixed indexed annuity product and independent agent distribution, accelerating Malibu Life’s shift toward a vertically integrated insurance model.
Hilb Group, a property and casualty and employee benefits insurance brokerage and advisory firm, acquired a Louisiana-based property and casualty agency. The acquisition took effect on July 1, 2026 and is intended to expand Hilb Group’s presence in the Central region.
ALKEME Insurance announced the acquisition of eight independent insurance agencies during Q2 2026. The deals expand ALKEME’s national brokerage platform across New Jersey, Arizona, Georgia, Texas, New York, Colorado, and California, strengthening its commercial, personal lines, Medicare benefits, and environmental specialty capabilities. Financial terms were not disclosed.
Flexpoint Ford has closed a $460 million single-asset continuation vehicle for SageSure LLC, a managing general underwriter focused on catastrophe-exposed property insurance markets. The transaction extends Flexpoint’s ownership while giving existing investors the option to realize liquidity or roll over, and brings Lexington Partners as the lead investor along with participation from Barings and Round2 Investment Partners.
Simplicity Group announced the acquisition of Benefit Planning, Inc. (BPI), a Chicago-based insurance agency serving high-net-worth and ultra-high-net-worth clients. The deal expands Simplicity’s capabilities in large-case protection strategies, and BPI founder Bob Muzikowski becomes Simplicity’s newest Partner.
Matic, an embedded insurance platform, announced a strategic minority growth investment from Primus Capital. In addition, Matic acquired Policygenius’ property and casualty (P&C) insurance portfolio, including nearly 30,000 policies spanning home, auto, and other personal lines.
Inszone Insurance Services has acquired BenefitRiver, LLC, an employee benefits agency with locations in Bozeman, Montana and Golden, Colorado. The deal expands Inszone’s footprint in Montana and Colorado while adding specialized employee benefits expertise and supporting continuity by bringing key BenefitRiver team member Jen Bernier into Inszone.
Inszone Insurance Services announced the acquisition of Webtec Insurance Services, a personal lines insurance agency focused on auto and homeowners business. The deal strengthens Inszone’s personal lines presence in California and Colorado while keeping Webtec’s existing team in place.
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Find buyers actively acquiring insurance companies.
The page highlights a mix of brokerage and agency deals, specialty insurance transactions, MGAs, claims/administration integrations, and insurtech/embedded protection acquisitions.
Recent announcements include multiple U.S. locations (for example, Georgia, Rhode Island, Maryland, South Carolina, New York, Florida, and California) plus Canada (British Columbia) and Germany (Berlin).
No. Many transactions emphasize data and technology capabilities, such as wildfire risk modeling, tenant insurance via digital MGA platforms, telematics-driven commercial trucking insurance growth, and embedded protection/bancassurance platforms.
Not always. For example, the Cover Genius acquisition of Friendsurance notes that financial terms were not disclosed.