2018 mergers & acquisitions News

Ageas Agrees to Acquire 40% Stake in India Non-Life insurer RSGI

Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total consideration of €186 million (US$209.4 million). RSGI …

Brown & Brown of Massachusetts Acquires Assets of Rodman Insurance Agency

Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Rodman Insurance Agency. With roots dating back to 1935, Rodman Insurance Agency specializes in providing property and casualty insurance products and services to commercial customers in …

JLT Re Acquires JLT March Re in Spain, Launches JLT Re Iberia

JLT Re, the global reinsurance broker and consultant, announced the launch of JLT Re Iberia, which follows the acquisition of JLT March Re, the fourth largest Spanish insurance broker, from financial group Banca March. Previously, the two companies operated JLT …

Marsh Forms Specialty Business, ‘Marsh-JLT Specialty;’ Names Executive Team

Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the purchase of JLT by Marsh’s parent …

Hub International Buys Canadian Broker Kuokoa Enterprises Inc.

Hub International Limited, the Chicago-based insurance broker, announced that it has acquired the assets of Kuokoa Enterprises Inc. Terms of the transaction were not disclosed. Located in Edmonton, Alberta, Canada, Kuokoa Enterprises specializes in commercial lines insurance solutions. Owner of …

Hub International Acquires Saskatchewan-Based Tri-Line Agencies

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Tri-Line Agencies Inc. Terms of the transaction were not disclosed. Tri-Line Agencies is a full-service, independent insurance brokerage headquartered in Rose Valley, Saskatchewan, Canada, offering personal …

DMS Insurance Holdings’ Sherman Partners on Purchase of Texas Agency

A longtime Texas insurance agency is now operating under its former name, Sleeper Sewell Insurance, following the purchase of the assets of ANBTX Insurance Services by agency president Von E. Breaux and industry veteran D. Michael Sherman, owner of DMS …

Gallagher Buys Majority Stake in UK Property-Owners’ Broker Vasek Insurance

Rolling Meadows, Ill.-based broker Gallagher announced it has acquired a controlling interest in Purple Bridge Group Ltd., the holding company of UK specialist property insurance provider Vasek Insurance Services Ltd. The deal includes Vasek’s appointed representative Insure My Villa, and …

Hub International Limited Acquires Maryland’s The TAMRAC Group

Global insurance brokerage Hub International Limited has acquired The TAMRAC Group Inc. (TAMRAC). Terms of the transaction were not disclosed. Headquartered in Hunt Valley, Md., TAMRAC specializes in personal insurance and commercial insurance. It provides insurance products for businesses in …

Hub International Acquires Ontario’s Proteus Performance Management

Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired Proteus Performance Management Inc. Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, Proteus provides specialized pension plan governance and investment consulting to corporate plan sponsors, …