Business Moves

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 …

Business Moves

National MetLife, PetFirst MetLife has agreed to acquire PetFirst Healthcare, a pet insurance program administrator that distributes its products through animal welfare agencies, direct-to-consumer channels and employers. Indiana-based PetFirst underwrites and administers pet health insurance policies and claims on behalf …

Business Moves

National Aon, CoverWallet Global insurance broker Aon has agreed to acquire CoverWallet, a digital insurance platform for small and medium-sized businesses. No purchase price was disclosed. Founded in 2015 by technology entrepreneurs Inaki Berenguer and Rashmi Melgiri, CoverWallet has more …

Business Moves

East Brown & Brown of Massachusetts, Yozell Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Yozell. Founded in 1960 by Peter Yozell, Yozell Associates strives to provide its customers with value in group employee …

Business Moves

East The Hilb Group, Damiano Agency, Handy-Apple Valley The Hilb Group LLC has acquired Rhode Island-based Damiano Agency. The transaction became effective July 1, 2019. For more than 30 years, DA has been delivering property and casualty insurance for businesses …

Business Moves

East Plymouth Rock Assurance, Rider Insurance Company Plymouth Rock Assurance has agreed to expand its investment in the motorcycle insurance segment with the acquisition of Rider Insurance Company, subject to regulatory approvals. A New Jersey-based motorcycle insurance carrier with $21 …

Business Moves

National Arch Insurance, Ventus Risk Management Arch Insurance North America has agreed to acquire Ventus Risk Management, a technology and analytics- driven managing general underwriter that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventus, …

Business Moves

National Arch Insurance, Ventus Risk Management Arch Insurance North America has agreed to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventis has …

Business Moves

National Altamont Capital Partners, Topa Insurance Group Altamont Capital Partners has signed a definitive agreement to acquire Calabasas, Calif.-based Topa Insurance Group from its long-time owner, Topa Equities Ltd. The transaction is subject to customary closing conditions, including receipt of …

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