March 4, 2020
H.W. Kaufman Group announced the closing of its acquisition of Barbican Protect Ltd., effective March 3. Barbican Protect, an MGA that specializes in commercial property, casualty, financial lines and marine across the United Kingdom, joins the Kaufman family of companies …
March 2, 2020
The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most of the busiest buyers are private equity …
February 5, 2020
Total insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData’s deals database. The value marked an increase of 470.5% over the previous month and a rise of 336.3% when compared …
January 2, 2020
Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51% of LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly Society (LVFS). The total consideration by Allianz for 100 percent of …
January 2, 2020
Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines business insurance market. Bold Penguin said the transaction will allow it to better serve …
December 30, 2019
The Hilb Group LLC (THG) has acquired Rhode Island-based Wickford Insurance Agency Inc. (WIA). The transaction became effective December 1, 2019. WIA is a full-service property and casualty insurance agency for businesses and individuals throughout Rhode Island. WIA’s associates will …
December 20, 2019
Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees, announced they have entered into an agreement where OMERS will acquire a 40% interest in Fairfax’s UK run-off group, RiverStone UK. The transaction gives RiverStone UK the …
December 19, 2019
The Hilb Group LLC (THG) has acquired Virginia-based Kerr-Boswell Inc. (KB). The transaction became effective December 1, 2019. For more than 60 years, KB has provided employee benefits, property and casualty, life, health and financial services to businesses and individuals …
December 18, 2019
Health insurer Cigna Corp. said on Wednesday it had 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 use the …
December 18, 2019
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Halifax, Nova Scotia-based Sinclair Billard and Weld Ltd., and CJM Solutions + Inc., which do business under the name of SBW Employee Benefits. Terms of the …