December 31, 2018
Arthur J. Gallagher & Co. has acquired Conshohocken, Penn.-based Preston-Patterson Co. Inc. Terms of the transaction were not disclosed. Founded in 1947, Preston-Patterson is a retail property and casualty insurance broker offering a range of coverages and services to broadcasters …
December 31, 2018
China Reinsurance (Group) Corp. announced it has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. — the major portion of Hanover Insurance Group’s Lloyd’s international specialty business. The acquisition of Chaucer Insurance Co. DAC (Chaucer Dublin) and Hanover …
December 27, 2018
The Hilb Group LLC (THG) has acquired Massachusetts-based H.J. Knight International Insurance Agency Inc. (HJK). The transaction became effective December 1, 2018. HJK is a full-service brokerage in the commercial insurance and risk management industry. Founded in 1987, the company …
December 27, 2018
The New York State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation to acquire MAPFRE Insurance Company of New York, a New York domestic property and casualty insurer, which will now be known as …
December 21, 2018
Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) has agreed to increase its minority stake in ReAssure, Swiss Re’s UK closed life book consolidator, by making an additional cash investment of £315 million ($398.7 million). The transaction, which is subject …
December 21, 2018
Insurance broker Miller Insurance Services LLP announced that following receipt of all necessary regulatory approvals, it has completed its acquisition of Alston Gayler and Co. (AG). The transaction strengthens Miller’s position as a leading London wholesale and specialist broking platform, …
December 21, 2018
Cigna Corp. on Thursday closed its $54-billion deal to buy Express Scripts Holding Co., creating one of the biggest providers of pharmacy benefits and insurance plans in the United States, a combination it says will help it improve healthcare coordination …
December 20, 2018
Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Hiscox Global Flying (HGF) via an asset purchase into Millstream Underwriting Ltd., a Nexus Group company that specializes in accident & health and travel insurance. HGF …
December 19, 2018
Japan Post Holdings Co. Ltd. on Wednesday said it will buy 7 percent of U.S. insurer Aflac Inc. for about $2.4 billion, as the postal and financial conglomerate seeks new profit-drivers to counter weak growth prospects. Japan Post, majority-owned by …
December 19, 2018
The Hilb Group LLC (THG) has acquired Bruce Crohn LLC. The transaction became effective December 1, 2018. Founded in 2009, Crohn is a full-service employee benefits consultant and insurance brokerage firm located in Cambridge, Mass. It assists in managing the …