Business Moves

Business Moves

National Altamont Capital, Topa Insurance The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa Insurance Group from its long-time owner, Topa …

Business Moves

National Paragon, Trident Public Risk Solutions, Argo Paragon Insurance Holdings, a national managing general agency, said it has closed on the previously-announced purchase of Trident Public Risk Solutions from Argo Group. Trident provides insurance and risk management services for public …

Business Moves

East The Hilb Group, D.F. Dwyer & Associates The Hilb Group LLC has acquired certain assets of Rhode Island-based D. F. Dwyer & Associates LLC. The transaction became effective February 1, 2020. Based in Newport, R.I., DFD provides a full …

Business Moves

East Hub International Limited, Triester, Rossman & Associates Hub International Limited, a global insurance brokerage, has acquired Triester, Rossman & Associates Inc. Located in King of Prussia, Penn., TRA Insurance Solutions is an independent insurance firm providing clients with commercial …

Business Moves

National Aon, Willis Towers Watson Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. Under the terms of the agreement unanimously …

Business Moves

National ProAssurance, NORCAL Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL’s demutualization in a $450 million transaction. Based on available estimates of premium, the combination of these companies is …

Business Moves

National Tokio Marine, Pure Group Tokio Marine Holdings has completed the acquisition of Privilege Underwriters Inc. and its subsidiaries, known as Pure Group. The deal was announced last October. The acquisition price was $3.1 billion. The deal was completed through …

Business Moves

East The Hilb Group, Kerr-Boswell, Wickford Insurance Agency The Hilb Group LLC has acquired Virginia-based Kerr-Boswell Inc. For more than 60 years, KB has provided employee benefits, property/casualty, life, health and financial services to businesses and individuals throughout the Tri-Cities …

Business Moves

National Bold Penguin, xagent Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for the standard and surplus lines business insurance market. The company said the xagent technology …

Business Moves

National Cigna, New York Life Health insurer Cigna Corp. said has agreed to sell its disability insurance and accidental death coverage unit for company employees to New York Life Insurance Co for $6.3 billion. The company said it expects to …

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