7 Acquisitions of Companies in the Insurance Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Insurance industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 7 acquisitions that took place in the Insurance industry.

CEGA Group acquired by Charles Taylor

Details about the transaction:

Acquisition amount:

$39,176,093

Announcement:

26 July 2016

Details about the company:

The CEGA Group is a specialized supplier of services for managing travel claims and technical medical support.

Headquarter:

Chichester, West Sussex, United Kingdom

Where to find them:

Industry:

Health Care, Insurance

Details about the buyer:

Charles Taylor offers expert assistance to customers in the international insurance sector.

Headquarter:

London, England, United Kingdom

Where to find them:

CognitiveScale acquired by Tecnotree

Details about the transaction:

Acquisition amount:

$6,000,000

Announcement:

11 December 2022

Details about the company:

A business AI platform is called CognitiveScale.

Headquarter:

Austin, Texas, United States

Where to find them:

Industry:

Artificial Intelligence, Big Data, Health Insurance, Information Services, Information Technology, Machine Learning, SaaS, Software

Details about the buyer:

A telecoms business called Tecnotree Corporation creates and provides messaging and pricing solutions for carriers.

Headquarter:

Espoo, Southern Finland, Finland

Where to find them:

Employee Benefit Systems acquired by National Basketball Association

Details about the transaction:

Acquisition amount:

$100,000,000

Announcement:

1 February 2000

Details about the company:

EBS is a group of supplemental insurance plans developed to close any gaps left by the programs covered by the Collective Bargaining Agreement.

Headquarter:

Houston, Texas, United States

Where to find them:

Industry:

Employee Benefits, Insurance

Details about the buyer:

The top men's professional basketball league in North America is the National Basketball Association.

Headquarter:

New York, New York, United States

Where to find them:

Glennon acquired by Arachas Corporate Brokers

Details about the transaction:

Acquisition amount:

$91,849,950

Announcement:

27 July 2022

Details about the company:

Glennon provides services for both commercial and personal insurance.

Headquarter:

Dublin, Dublin, Ireland

Where to find them:

Industry:

Financial Services, Insurance, Life Insurance

Details about the buyer:

Ireland-based Arachas Corporate Brokers Limited, doing business as Arachas, is an insurance brokerage firm.

Headquarter:

Sandyford, Dublin, Ireland

Where to find them:

MMPI Financial Services acquired by Kingswood

Details about the transaction:

Acquisition amount:

$24,819,744

Announcement:

26 September 2022

Details about the company:

Retirement planning, income security, life insurance, risk management, and mortgage services are all offered by MMPI Financial Services.

Headquarter:

Dublin, Dublin, Ireland

Where to find them:

Industry:

Financial Services, Insurance, Risk Management

Details about the buyer:

Wealth management, estate planning, cash flow forecasting, retirement planning, insurance, and investment management are all services offered by Kingswood.

Headquarter:

London, England, United Kingdom

Where to find them:

The Fluent Money Group acquired by Mortgage Advice Bureau

Details about the transaction:

Acquisition amount:

$86,351,786

Announcement:

12 July 2022

Details about the company:

The Fluent Money Group offers insurance consulting and digital loan broking.

Headquarter:

Bolton, Lancashire, United Kingdom

Where to find them:

Industry:

Financial Services, Insurance

Details about the buyer:

A provider of financial services is Mortgage Advice Bureau.

Headquarter:

Derby, Derby, United Kingdom

Where to find them:

Synchronised Business Services acquired by WT Financial Group

Details about the transaction:

Acquisition amount:

$7,960,000

Announcement:

14 March 2022

Details about the company:

Financial advising services are offered in the areas of insurance, budgeting, asset allocation, and savings by Synchronised Business Services.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Industry:

Advice, Financial Services, Insurance, Risk Management

Details about the buyer:

A diverse financial services company is WT Financial Group.

Headquarter:

Sydney, New South Wales, Australia

Where to find them: