National Mitsui Sumitomo Insurance Co., W.R. Berkely Corp. Japanese property/casualty insurer Mitsui Sumitomo Insurance Co. will buy a 15% stake in W.R. Berkely Corp. through open market purchases or private transactions with third parties. W.R. Berkely said the Berkely family …
National The Doctors Company, ProAssurance The Doctors Company said it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Birmingham, Alabama-headquartered ProAssurance is a specialty insurer with expertise in medical liability, products liability for …
National Arthur J. Gallagher & Co., Woodruff Sawyer Insurance brokerage Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Woodruff Sawyer for $1.2 billion. Andy Barrengos, chairman and CEO of San Francisco-based Woodruff Sawyer, will operate under …
East Insurance Services of New England, ACORN Insurance Alliance Agencies Regional independent agency network Insurance Services of New England (ISNE) expanded into Connecticut with eight additional agencies. The Connecticut agencies include Ahrens, Fuller, St. John & Vincent Insurance, Enfield; Allied …
National Waner Pacific, Acrisure General agency Warner Pacific, based in Westlake Village, California, acquired five general agencies from broker and fintech specialist Acrisure. The five Acrisure General Agencies moving under Warner Pacific include Employee Benefit Risk Management, Oak Brook, Illinois; …
National Arthur J. Gallagher, Assured Partners Arthur J. Gallagher will acquire AssuredPartners for $13.45 billion cash with a deal expected to close during the first quarter 2025, pending regulatory approvals. Orlando, Florida-based AssuredPartners’ 10,900 employees will join Gallagher. Amynta Group, …
National Vertafore, Surefyre Insurance software-as-a-service provider Vertafore has acquired Surefyre, a submission and underwriting platform for managing general agencies and wholesalers. Denver-based insurtech Vertafore said Surefyre’s artificial intelligence-enabled solution will be added to Vertafore’s ecosystem of MGA solutions to accelerate …
East Unison Risk Advisors, Avondale Insurance Associates Avondale Insurance Associates has joined Unison Risk Advisors’ (URA’s) non-retail division. Established in 2006, Avondale Insurance Associates is an excess and surplus lines underwriting management company operating across all property and general liability …
National Marsh McLennan, McGriff Insurance Services Marsh McLennan announced an agreement to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing. U.S. retail broker McGriff is an affiliate of private-equity backed TIH (formerly Truist Insurance Holdings). …
National Sentry Insurance, The General Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company’s 120-year history. American Family acquired The General in …
