Top

Tag: acquisition


Brokers

Tangram Insurance expands into reinsurance brokerage with acquisition of Preferred Re

January 18, 2024

Via: Reinsurance News

Independent managing general agency and program manager, Tangram Insurance Services, Inc., has acquired Preferred Reinsurance Intermediaries, marking its expansion into the reinsurance brokerage market. Founded in 1983, Preferred Re is a reinsurance broker and consultant working with companies of all […]


Brokers

Major Australasian broker network expands into US insurance market

October 6, 2023

Via: Insurance Business

Steadfast Group (Steadfast), the largest general insurance broker network and underwriting agency group in Australasia, has expanded into the US insurance market by acquiring ISU Group (ISU). Starting a franchise over 40 years ago, ISU has become one of the […]


News

Howden New Zealand completes acquisition of Apex Insurance

September 6, 2023

Via: Reinsurance News

Global insurance group, Howden has completed its acquisition of Apex Insurance New Zealand and its associated subsidiaries. Acquiring Apex will greatly accelerate Howden’s ongoing strategy to form a leading broking operation in the Pacific region, as it builds on the […]


Regulatory / Legal

Sale of AIG’s treaty reinsurance business gets European Commission nod

September 1, 2023

Via: Insurance Business

The European Commission (EC) has approved the sale of American International Group’s (AIG) treaty reinsurance business to RenaissanceRe Holdings (RenRe). In an update, the regulatory body said: “The Commission concluded that the proposed acquisition would raise no competition concerns, given […]


Brokers

BMS to acquire specialist broker, Western United Financial Services

April 19, 2023

Via: Reinsurance News

Specialist insurance and reinsurance broker BMS Group has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have not been disclosed. Founded in 2002, WUFS offers tailored insurance broking, […]


News

Johnson & Johnson announces acquisition of Statewide Insurance Corp

January 3, 2023

Via: Insurance Business

Managing general agency Johnson & Johnson announced that it recently acquired the assets of Statewide Insurance Corp as it looks to expand into a number of Southwestern states. Founded in 1964, Statewide Insurance Corp is among the oldest general agencies […]


Brokers

EPIC Insurance Brokers acquires The National Benefit Corp

October 4, 2022

Via: Insurance Business

EPIC Insurance Brokers and Consultants has acquired The National Benefit Corp (TNBC), a full-service service insurance marketing organization based in West Des Moines, IA. TNBC, founded in 1977, offers advisors a wide range of financial products such as life and […]


Brokers

Relation acquires assets of Innovative Broker Services

August 17, 2022

Via: Reinsurance News

Relation Insurance Services, a privately held corporation backed by Aquiline Capital Partners, has announced the acquisition of the assets of California-based Innovative Broker Services. The transaction brings an established insurance brokerage firm to Relation and expands the firm’s growing national […]


Brokers

Specialty Program Group moves to acquire ESP Insurance Brokerage

July 13, 2022

Via: Insurance Business

Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has announced its acquisition of ESP Insurance Brokerage LLC (ESP). ESP is a national insurance broker and program administrator founded five years ago for the sports, […]


Brokers

XPT Specialty Acquires Indiana’s Insurance Brokers Incorporated

February 9, 2022

Via: Insurance Journal

XPT Specialty has acquired Insurance Brokers Incorporated, headquartered in Indianapolis, Indiana, in a move that continues a series of acquisitions for the company. IBI is a wholesale insurance broker and general agency that offers agents a broad range of personal, […]


News

Lemonade to acquire Metromile as auto insurer’s valuation falls to $500m

November 9, 2021

Via: Reinsurance News

AI-powered insurtech Lemonade has entered into a definitive agreement to acquire pay-per-mile auto insurer, Metromile Inc., in an all-stock transaction that implies a fully diluted equity value of roughly USD 500 million, or just over USD 200 million net of […]


Brokers

Gallagher acquires majority stake in Brokers’ House

August 16, 2021

Via: Reinsurance News

Insurance broker Gallagher has acquired a majority stake in Brokers’ House, a specialty broker based in Istanbul. This acquisition will be Gallagher’s first direct presence in Turkey and will give the company a footprint in a growing strategic insurance hub […]


Brokers

BMS Re acquires Trean to “cement” property cat reinsurance broking position

July 12, 2021

Via: Artemis BM

Insurance and reinsurance broking group BMS is expanding its US property catastrophe reinsurance broking footprint, as its BMS Re division has acquired Trean Intermediaries. Trean Intermediaries emerged in 2013 as a joint venture with Trean Corporation and has specialisms in […]


News

Hatcher Insurance reports considerable growth following acquisition

June 23, 2021

Via: Insurance Business

Hatcher Insurance – a full-service boutique insurance agency based in Orlando, FL – has announced that, since its acquisition in 2020, it has seen considerable growth in both agency size and revenue. Insurance veterans William “Bill” J. Palmer and Bryan […]


Brokers

Divestitures more likely than Aon abandoning Willis deal: Analysts

June 17, 2021

Via: Artemis BM

After the US Department of Justice (DOJ) decided to sue in an attempt to block Aon’s acquisition of broking rival Willis Towers Watson (WTW), analysts at KBW said that rather than abandoning the merger, Aon is more likely to offer […]


News

USI completes acquisition of insurance business from Northwest Bank

May 3, 2021

Via: Insurance Business

USI Insurance Services, one of the largest insurance brokerage and risk consulting firms in the world, has completed its acquisition of the insurance business offered through Northwest Insurance Services from Northwest Bank, a subsidiary of Northwest Bancshares, Inc. Northwest Insurance […]


Brokers, News

Marsh & McLennan Agency expands in Northwest with acquisition

April 2, 2021

Via: Business Insurance

Marsh & McLennan Agency LLC, the middle-market business of Marsh LLC, said Friday it has bought PayneWest Insurance Inc., an independent agency with about $135 million in annual brokerage revenue. Terms of the deal were not disclosed. Missoula, Montana-based PayneWest […]


Brokers, Regulatory / Legal

Miller acquisition approved by European Commission

February 15, 2021

Via: Reinsurance News

EU regulator the European Commission has approved the acquisition of re/insurance broker Miller by global private equity firm, Cinven, and GIC, Singapore’s sovereign wealth fund. First announced in November 2020, the EC has now given the green light to the […]


News

ProSight to be acquired by investment management, equity firms

January 19, 2021

Via: Insurance Business

Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management have announced the signing of a definitive merger agreement, under which affiliates of TowerBrook and Further Global will acquire all outstanding shares of common stock of […]