Business Moves & Mergers News

Group Led by Yunfeng Financial to Buy MassMutual’s Asia Unit for $1.7B

A group led by Yunfeng Financial Group Ltd., the company backed by billionaire Jack Ma, agreed to buy an Asian unit from Massachusetts Mutual Life Insurance Co. to add insurance products to the array of financial services it offers to …

Stake in Insurance Broker HUB International Could be Sold: Reuters

Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd. in a deal that could value one of the largest North American insurance brokerages at between $6 billion and $7 billion, including debt, people familiar …

Suretywave Acquires Insure Vision Technologies in California

SuretyWave LLC has acquired Sherman Oaks, Calif.-based Insure Vision Technologies. Terms of the deal were not disclosed. The acquisition paves the way for SuretyWave to integrate its digital business-architected platform with IVT’s web-based surety bond processing system known as the …

Seeman Holtz Enters Texas Through Primera Casualty Acquisition

Boca Raton, Fla.-based Seeman Holtz Property & Casualty Inc. has acquired Primera Capital, headquartered in Dallas, Texas. Primera’s Anthony Davis and team have been offering both auto insurance and tax services to the Dallas area for over seven years. The …

AIG Wants to Sell $2 Billion in Life Settlements Business

American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States …

RightSure Insurance Acquires Arizona Economy Insurance

RightSure Insurance Group has acquired Tucson, Ariz.-based Arizona Economy Insurance. Terms of the deal were not disclosed. Arizona Economy Insurance is an independent insurance agency. Tucson, Ariz.-based RightSure is licensed to sell personal, commercial and life insurance products in 42 …

The Schinnerer Group Acquires Colorado’s ICAT

The Schinnerer Group has entered into an agreement to acquire Broomfield, Colo.-based International Catastrophe Insurance Managers LLC from the Paraline Group. The deal is expected to close in the third quarter of 2017. Terms were not disclosed. ICAT is a …

Palmer & Cay Acquires Millennium Benefits Consulting of Atlanta

Privately held insurance broker Palmer & Cay, LLC has acquired Atlanta-based Millennium Benefits Consulting, according to Jack Cay, Palmer & Cay’s president and CEO. To formalize its benefit consulting operations, the firm has formed Palmer & Cay Benefits to serve …

Hub Acquires Assets of Oregon-Based Coordinated Resources Group

Hub International Ltd. has acquired the assets of Portland, Ore.-based Coordinated Resources Group LLC. Terms of the deal were not disclosed. Ruppert Reinstadler and Carol Dobbs, managing partners of CRG, will join Hub Northwest and report to Tim Kennedy, executive …

NSI Insurance Group Acquires Southeast Insurance of Boca Raton, Florida

NSI Insurance Group has acquired Southeast Insurance, an independent agency based in Boca Raton, Fla. Southeast President Brian Samberg and his entire team will join NSI Insurance Group, giving the company a new position in the Boca Raton, Delray Beach …