The Allianz Group has officially launched its Moroccan subsidiary, Allianz Maroc, which has has been a part of the Allianz Group since Nov. 3, 2016, following the acquisition of 98.9 percent of Zurich Assurances Maroc. After obtaining the relevant regulatory …
Duck Creek Technologies, a Boston-based provider of core system cloud services and software to the global property/casualty insurance industry, said it has acquired Yodil, an insurance data management software firm based in Charlotte, North Carolina. Details of the transaction were …
Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has acquired business insurance specialist Advanced Insurance Underwriters (AIU), headquartered in Hollywood, Fla. Terms of the deal were not announced. AIU specializes in commercial property & casualty …
Hub International Limited, a global insurance brokerage, has acquired the assets of MDW Insurance Group, Inc. and its affiliates Agents Insurance Resources, Inc. and A.I.R. Insurance Marketing, Inc. (MDW). Terms of the acquisition were not disclosed. Based in Coral Gables …
Worldwide Facilities, a national wholesale insurance brokerage and managing general agency, has acquired Trinity Underwriting Managers, Inc. (TUMI), an underwriting manager and wholesale insurance broker specializing in commercial transportation.TUMI offers its products and services across the U.S. through retail agents …
Insurance technology and outsourcing firm Patriot National Inc. said its board of directors has rejected a buyout offer from technology provider Ebix Inc., which sells e-commerce and on-demand software to insurance and financial firms. The Florida-based company said its board …
USI Insurance Services has completed its transaction to purchase Johnson & Bryan, a leading retail property-casualty and employee benefits insurance brokerage firm based in Atlanta, Georgia. This transaction will expand USI’s footprint into a new city and market where USI …
Data firm Verisk Analytics Inc. said it has acquired Halifax, Novia Scotia-based Analyze Re, a software analytics provider for the reinsurance and insurance industries founded in 2013. Terms of the deal were not disclosed. Analyze Re will become part of …
American International Group Inc. is selling its local commercial and consumer insurance operations in Argentina, Chile, Colombia, Uruguay, Venezuela and Turkey to property/casualty insurer Fairfax Financial Holdings Ltd. AIG is also selling Fairfax the renewal rights for the portfolio of …
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Vero Insurance, Inc., a Vero Beach, Florida-based independent agency specializing in private client insurance services. Terms of the transaction were not disclosed. Founded in 1960, …
