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Catastrophe modeling firm KatRisk has announced the acquisition of Gamma, a specialist in location intelligence, in a move aimed at enhancing property risk assessment and flood exposure mapping – especially in regions with limited data availability.
Global insurance brokerage HUB International has announced the acquisition of the assets of FGLP Equity Partners, LLC, doing business as Demarie Insurance Agency.
Global insurance brokerage HUB International has announced the acquisition of the assets of Allegiant Global Partners (AGP), a Massachusetts-based consulting firm specializing in international health, welfare, and risk strategies for global employers.
In a strategic move to accelerate the adoption of electronic health records (EHR) in life insurance underwriting, MIB Group has acquired medical record retrieval company Clareto from Munich Re Life US.
Likewize, a global leader in device protection, repairs, and premium technical support, has acquired Speedperform, a cutting-edge AI-driven customer support provider, in a strategic move to enhance its technology capabilities and expand its global reach.
Earnix, a global leader in dynamic AI for insurance, has announced the acquisition of Zelros, a pioneer in generative AI for insurers and banks, in a move set to transform how financial institutions manage pricing, underwriting, and customer engagement.
Sapiens International Corporation has announced a definitive agreement to acquire AdvantageGo, a provider of commercial insurance software specializing in underwriting workbench solutions for the London and global commercial insurance markets.
Ripe, the digital insurance specialist, has completed its acquisition of GJW Direct, a long-standing UK marine insurance brand, from Munich Re Specialty.
RYZE Claim Solutions has announced the acquisition of Acorn Claims, a Missouri-based adjusting firm known for its nationwide daily and catastrophe claims services.
Vienna Insurance Group (VIG) has acquired a 48.82% stake in Phinance, one of Poland’s largest financial brokerage firms, in a strategic move to further solidify its presence in the Polish insurance and financial services market.
Belgian insurance group Ageas has announced a definitive agreement to acquire UK-based digital personal lines insurer esure from Bain Capital in a deal valued at approximately $1.7 billion.
Zurich has announced its investment in Icen Risk, acquiring a significant minority stake in the specialist M&A insurance provider.
Insurtech Insights’ Portfolio of Events and Programs Marks Emerald’s Entry into the Insurance Technology Industry and Community
Laka, a specialist bicycle insurer, has announced the acquisition of the Luko e-scooter business in France from Allianz Direct, marking its third acquisition in the past 18 months.
Howden Group has acquired Major Insurance Services, a general insurance brokerage located in Bunbury, Western Australia.
FloodFlash has announced that it has agreed to be acquired by NormanMax Insurance Holdings, Inc., pending approval from the UK’s Financial Conduct Authority (FCA).
Hub International has announced the acquisition of Yavitz Insurance Group, a St. Louis-based insurance agency specialising in commercial and personal coverage.
Business insurance provider Vouch has announced the acquisition of StartSure Insurance Services, Inc., expanding its capabilities to better serve high-growth companies and small businesses.
Legal & General (L&G) has announced the sale of its U.S. term life insurance business to Japan’s Meiji Yasuda for $2.3 billion, marking a significant shift in its U.S. operations.
Zurich is strengthening its European presence with the acquisition of 4Care (For Care SpA) in Italy, while simultaneously introducing key enhancements to its private client insurance products in the UK.
The insurance industry started 2025 with a wave of mergers and acquisitions, as companies sought to expand their market reach, strengthen capabilities, and enhance digital transformation efforts.
Trucordia has announced the acquisition of CADA Insurance Services’ insurance business, further strengthening its footprint in Louisiana.
World Insurance Associates, a Top 50 insurance brokerage, has announced the acquisition of Stern Insurance Group (SIG), based in Scottsdale, Arizona.
The Allstate Corporation has announced a definitive agreement to sell its Group Health business to Nationwide for $1.25 billion in cash, subject to closing adjustments and regulatory approvals.
Equisoft has announced the acquisition of VisCalc, an Atlanta-based provider of SaaS illustration software for small to mid-sized life insurance carriers.
Knighthead Insurance Group has acquired Merit Life Insurance Co., marking its expansion into the U.S. market with a rebranded entity, Knighthead Life.
GBSAPRI Group, a leading independent insurance broker in Italy, announced two strategic acquisitions to bolster its growth strategy.
DARAG Group, a leading legacy acquirer, has entered into an agreement to acquire a run-off portfolio from wefox Insurance AG.
Moody’s Corporation (NYSE: MCO) has announced an agreement to acquire CAPE Analytics, a leader in geospatial AI intelligence for residential and commercial properties.
INVO Underwriting has announced its acquisition of Madison Independent Agency Network (MIAN) in a strategic move to enhance support and resources for MIAN agents.
Marsh McLennan Agency (MMA) has announced the acquisition of Acumen Solutions Group LLC, a full-service insurance agency based in Melville, New York.
NFP, a leading insurance broker and consultant, announced today the acquisition of Capstone Strategies, LLC, a P&C and benefits broker based in Midland, Texas.
Sentry Insurance today announced the successful completion of its acquisition of The General®, a leading provider of non-standard auto (NSA) insurance, from American Family Insurance. The $1.7 billion transaction, initially announced in September, marks the largest acquisition in Sentry’s 120-year history.
AIG has announced the completion of the sale of its global personal travel insurance and assistance business, including the well-known Travel Guard brand, to Zurich Insurance Group.
Wefox, the European insurance technology company, is close to securing a significant funding package led by Searchlight Capital Partners, the private equity firm behind travel company Secret Escapes.
Leading global insurance brokerage, Gallagher, has announced the acquisition of M.J. Schuetz Insurance Services, an Indianapolis-based firm known for its expertise in property/casualty, surety, and bonding services. Terms of the deal were not disclosed.
Nexus Underwriting (‘Nexus’), a Brown & Brown group business, announces today that it has entered into an agreement to acquire Arma Fusion Limited, the parent company of Arma Underwriting Limited (‘Arma’).
RiverStone International today announced that it has signed an agreement with the French branch of Zurich Insurance Europe and Zurich Insurance Company to provide a loss portfolio transfer reinsurance (LPT) and an insurance business transfer relating to the French discontinued motor and architects & engineers (A&E) professional indemnity portfolios.
GlobalData Plc has announced the acquisition of Celent, a leading research and advisory firm specializing in financial services technology.
PointeNorth Insurance Group has announced a strategic partnership with Caldwell & Langford Insurance, a leading independent insurance agency in Thomasville, Georgia, marking PointeNorth’s sixth acquisition of 2024.
Nippon Life Insurance Co. is in advanced discussions to acquire full ownership of U.S.-based Resolution Life Group Holdings in a deal valued at approximately $8.2 billion.
Arthur J. Gallagher & Co. announced today that it has agreed to acquire AssuredPartners Inc. in a $13.45 billion deal.
Aviva and Direct Line have reached a preliminary agreement on the financial terms of a potential £3.6 billion acquisition of Direct Line’s entire share capital by Aviva.
Arthur J. Gallagher & Co., a leading global insurance brokerage and risk management firm, has announced the acquisition of Shepard Insurance Group, a retail insurance brokerage headquartered in Old Greenwich, Connecticut.
Aon has announced a definitive agreement to acquire the insurance agency business of Mitsubishi Chemical Group (MCG), a prominent Japanese corporation.
Sony Financial Group, a subsidiary of Sony, has announced the acquisition of the Japanese insurtech startup JustInCase.
Hub International Limited (Hub), a prominent global insurance brokerage and financial services firm, has announced its acquisition of ANCO Insurance Managers, Inc. (ANCO Insurance), a major independent insurance brokerage based in Texas.
Howden, a global insurance intermediary group headquartered in London, has expanded its Asian footprint by acquiring Storfield Insurance Consultants Ltd., a Hong Kong-based brokerage specialising in general insurance for small-to-medium enterprises (SMEs) and high-net-worth (HNW) clients.
Centana Growth Partners has acquired a majority stake in First Connect Insurance Services, a leading insurtech platform that connects independent insurance agents with carriers.
Arthur J. Gallagher & Co. has announced the acquisition of Peabody Insurance Agency, a Michigan-based insurance agency specialising in commercial and personal lines, with a focus on construction, manufacturing, and multifamily real estate.
Ryan Specialty, a leading international specialty insurance services firm, has entered into final discussions to acquire Innovisk Capital Partners.
Hub International Ltd. has acquired the retail insurance brokerage arm of Western Growers Insurance Services (WGIS) in a strategic move to expand its presence in the agribusiness sector.
Vertafore has announced its acquisition of Surefyre, a leading submission and underwriting platform designed to empower Managing General Agents (MGAs) and wholesalers.
Aon has announced a definitive agreement to acquire UK-based insurance broker Griffiths & Armour, a move expected to expand Aon’s presence across the UK and Ireland significantly.
Leading insurance and pension provider Baloise Group has announced the sale of its digital insurance subsidiary FRIDAY to Allianz.
Allstate Protection Plans, a division of Allstate, has announced the acquisition of Kingfisher, a privately-held company that specialises in optimising the lifecycle of smart devices.
Everest Group has announced a strategic agreement with Ryan Specialty, a leading international specialty insurance firm
Willis Towers Watson has announced plans to sell its direct-to-consumer insurance distribution business, Tranzact, to private equity firm GTCR for US$632.4 million.
UK-based insurance company Ripe Thinking has announced the acquisition of GJW Direct, a specialist in non-commercial marine insurance, from Munich Re Specialty. The deal is expected to be finalised in the first half of 2025.
Miller, a leading specialist re/insurance broker, has finalized its acquisition of Bruzon Correduría de Seguros y Reaseguros, a Madrid-based commercial insurance broker.
Marsh McLennan has announced plans to acquire McGriff Insurance Services, a leading provider of insurance broking and risk management services in the United States.
Axis Insurance Managers Inc. (“Axis Insurance”) has announced the acquisition of the O’Neill Group, a prominent employee group benefits, life insurance, and wealth advisory firm in British Columbia.
The pan-African AXIAN Group has completed a strategic acquisition of a stake in WiASSUR, a Côte d’Ivoire-based insurance start-up, marking a significant step in AXIAN’s expansion into the African insurance sector.
King Risk Partners continues its strategic expansion with the acquisition of Cypress Risk Management for an undisclosed amount.
Xceedance, a global insurance consulting, technology, and managed services provider, has announced the acquisition of Millennium Information Services, a leader in property inspection and data analytics.
Flywire Corporation, a leading global payments enablement and software company, has announced the acquisition of Invoiced, a SaaS platform specialising in automating the Accounts Receivable (A/R) process for mid-market businesses.
Relation Insurance Services has announced the acquisition of Whitney Oaks Insurance Services, Inc., effective August 30, 2024. The terms of the transaction were not disclosed.
Inszone Insurance Services, a leading provider of commercial, personal, and benefits insurance, has announced the acquisition of Catalyst Benefits Group, LLC, an employee benefits brokerage based in Tulsa, Oklahoma.
Legal & General has announced the sale of its UK housebuilding subsidiary, CALA Group, to Ferguson Bidco Limited, a company owned by funds managed by Sixth Street Partners and Patron Capital.
PCF Insurance Services, a leading U.S. insurance brokerage, announced today the acquisition of the insurance business of Top Insurance Associates, an all-lines insurance agency based in Snohomish, Washington.
Voya Financial and OneAmerica Financial have entered into a definitive agreement for Voya to acquire OneAmerica Financial’s full-service retirement plan business.
Policy Expert, the award-winning home and motor insurance provider, has secured new backing from international private equity firm Cinven to support its expansion and growth strategy.
Akur8, a provider of machine learning-based insurance pricing solutions, has announced the acquisition of Arius®, a property and casualty (P&C) reserving software.
NFP, an Aon company and a leading property and casualty (P&C) broker, has acquired Scott Litman Insurance Agency (SLIA), a Calabasas-based firm specializing in habitational risk.
GoHealth, a prominent health insurance marketplace, has announced a significant step forward with its acquisition of e-TeleQuote Insurance, a well-regarded player in the Medicare insurance market.
The Clear Group, an independent insurance broker based in London, has acquired managing general agency Accelerate Underwriting.
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of a 51% shareholding in Monarch Insurance by a consortium of three firms: Ondoba, Kenyoro, and Equico Thirteen.
DUAL UK, the specialist underwriting arm of Howden Group, has announced its acquisition of International Passenger Protection (IPP) in both the UK and Malta, pending regulatory approval.
Rising Edge Ltd has announced an agreement to acquire AMANIKI GmbH, a move that will enable the company to launch a suite of Transactional Liability insurance products.
Inszone Insurance Services, which recently acquired Keith Williams Insurance Agency in Texas, has once again expanded its portfolio by acquiring A&B Insurance Agency in Marin County, California.
PCF Insurance Services has announced the completion of the acquisition of 360 Insurance, a Nevada-based insurer.
Allstate has announced its decision to sell its Employer Voluntary Benefits business to The Standard for $2 billion in cash. The move is part of Allstate’s broader strategy to streamline its operations and focus on core business areas
HUB International, the global insurance brokerage and financial services firm, has announced it has completed the acquisition of Clark 401K. The terms of the deal were not disclosed.
Howden has completed the acquisition of Health and Life Insurance broker Help Me Compare Group (which trades as ActiveQuote) and its subsidiaries, boosting Howden’s position in the UK market.
Hub International Limited, a global brokerage and financial services firm, has completed the acquisition of Pennsylvania-based Insurance Management Company (IMC). The terms of the deal were not disclosed.
King Insurance Partners has announced the acquisition of Lincoln Insurance Group, an independent insurance agency based in McDonough, Georgia. The acquisition aims to expand King Insurance Partners’ service offerings and strengthen its market presence.
Geo Underwriting, a part of Ardonagh Advisory, has announced it will acquire Navigators & General (N&G) from Zurich UK.
Ambac Financial Group has completed the acquisition of a 60% controlling stake in London-based insurance underwriting and MGA incubation platform Beat Capital Partners.
AXA has announced it is set to acquire Gruppo Nobis for an upfront payment of €423 million, with a potential extra earn-out of up to €55 million.
EPIC Insurance Brokers and Consultants has completed the acquisition of US-based Century Insurance Group for an undisclosed sum.
German insurer Allianz announced on Wednesday that it plans to buy a majority stake in Singapore’s Income Insurance for around $1.6 billion, as it seeks to strengthen its position in Asia.
Heffernan Insurance, one of the largest independent insurance brokerage firms in the United States, has announced the acquisition of Costello Insurance Associates, a move that officially adds aviation expertise to its extensive range of services.
Hub International Limited (Hub) has expanded its footprint in Tennessee with the acquisition of Wyatt Insurance Services, Inc.
Marsh McLennan has announced the acquisition of The Horton Group, a leading insurance brokerage and one of the top independent insurance brokers. The terms of the deal have not been disclosed.
Unum Group has announced a definitive agreement to sell its Medical Stop Loss business to the Amynta Group, an insurance services company.
An EY report has highlighted a significant increase in publicly disclosed M&A deals in the UK insurance industry, rising from 54 deals in H1 2023 to 94 in H1 2024. The overall deal value has also surged from £400 million to £900 million.
Shares in Hiscox surged as much as 14% on Monday following reports that two foreign rivals are considering takeover bids for the Lloyd’s of London insurer.
Utmost Group has announced an agreement to acquire Lombard International Assurance Holdings, subject to regulatory and other approvals.
Charles Taylor, a leading provider of international adjusting services and technology solutions for the global insurance market, has acquired US.-based independent loss adjuster M3 Aviation Services, effective June 27, 2024.
Novidea, the creator of a cloud-based, data-driven enterprise insurance management platform, has announced the strategic acquisition of Docomotion, a leader in automated document generation technology. The acquisition is expected to close within the week.
UK-based life and pensions data management and technology company ITM has been acquired by Lumera, a European insurtech firm specialising in life and pensions solutions.
Zurich Insurance Group (Zurich) has announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, with an additional potential earn-out payment. The move will also boost Zurich’s position as a leading travel insurer in the US and globally
PCF Insurance Services, one of the top twenty US insurance brokers operating across 40 states, has announced the acquisition of four key agencies: Ignitist in Pennsylvania, The Brady Agency in North Carolina, Roseberry Insurance Agency in Mississippi, and The Sinnott Agency in Iowa.
Zurich Insurance has announced the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited (“Kotak General Insurance”), marking a significant milestone as the first foreign insurer to enter India since the foreign direct investment (FDI) rules were amended to allow up to 74% foreign ownership in 2021.
bolttech has announced that Digital Care, a Poland-based device protection and services provider, has been renamed and rebranded as bolttech Poland.
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, announced it has completed the acquisition of Pinpoint Insurance Solutions, an MGA, surplus lines brokerage, and national programme administrator.
DOXA Insurance announced it has acquired specialty MGA CPH Insurance, which caters to the professional liability needs of mental health, allied health, and healthcare professionals.
Brown & Brown, the global insurance brokerage, has announced it has acquired 100% of Northern Ireland-based Rollins Insurance Brokers.
Fixle, Inc., a prominent provider of home management solutions in the proptech and insurtech sectors, has announced its acquisition of EasyHome, Inc., a software developer specialising in modernising property care and management.
Ambac Financial Group, the Insurance holding company has agreed to acquire 60% controlling interest in London-based insurer and MGA Beat Capital Partners for $282 million.
Arthur J. Gallagher has announced that its specialist underwriting subsidiary Pen Underwriting has acquired Irish-based MGA Wrightway Underwriting Limited .
NSM Insurance Group, a Global Specialty Insurance Provider, operating more than 25 niche insurance programmes, announced it has completed the acquisition of Strategic Underwriters International, an MGA in the casualty facultative reinsurance marketplace.
Marsh McLennan agency announced it has acquired Perkins Insurance Agencies, an independent agency based in Abilene, Texas as Marsh seeks to expand its offerings in West Texas.
Inszone Insurance Services announced that it has acquired T Blackwell Insurance Group, as it Continues its Recent Spree of Deals
Marsh McLennan, the Global Re/Insurance broker has announced the launch of Sentrisk, an AI-Powered platform which offers integrated advisory services. Sentrisk aims to reshape the way that businesses manage their global supply chain risks.
Howden has announced the acquisition of MiCRO, a microinsurance specialist focused on providing parametric insurance coverage to underserved populations in Latin America, specifically against natural catastrophes.
Zurich-based Lloyd’s coverholder Amboss Underwriting (Amboss) has assumed the downstream portfolio of Oilfield Insurance Agencies’ Zurich branch.
Aon has completed the acquisition of middle market property and casualty broker NFP from Madison Dearborn Partners and HPS Investment Partners.
Marsh McLennan Agency, a subsidiary of Marsh, has announced its intent to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank in a significant all-cash transaction valued at $345 million.
Arthur J. Gallagher & Co., has announced its acquisition of Australia’s Prasidium Credit Insurance. Details of the transaction have not been disclosed.
Chubb has announced a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent (MGA) specialising in pet insurance, from Aon plc (NYSE: AON), a global professional services firm.
Omaha National, a leading provider of workers’ compensation insurance, has successfully acquired Sutter Insurance Company.
Resideo Technologies, Inc. has announced that it has entered into a definitive agreement to acquire Snap One Holdings Corp.
Arch Insurance North America, a division of Arch Capital Group, is set to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment insurance businesses.
Generali Investments Holding S.p.A. (GIH), a key player in the investment sector and a subsidiary of Generali Group, has announced the acquisition of Conning Holdings Limited (Conning), a prominent global asset manager.
In a strategic move, Dai-ichi Life Holdings, a prominent Japanese insurance company, has announced its acquisition of a minority stake in Canyon Partners, a leading alternative investment manager based in the United States.
Aon has announced its acquisition of Humn.ai’s technology assets and intellectual property, aimed at bolstering its commercial fleet proposition.
London-based insurance intermediary group, Howden, has announced its acquisition of Intersure Group Ltd., operating as Intersure Group, in a move aimed at bolstering its service capabilities in the Irish insurance market and expanding its reach across the country.
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced its plans to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, in a strategic move aimed at bolstering its regional presence.
Resilience expanded its capabilities through the acquisition of BreachQuest, an innovative incident response technology solution.
Zinnia has announced its acquisition of the life and annuity assets of Ebix, a renowned supplier of software solutions.
Wipro, a leading global IT firm based in Bengaluru, India, has acquired a majority stake in US-based Aggne Global, a prominent consulting and managed services firm specialising in insurtech.
Zurich Insurance Group, a prominent Switzerland-based insurer, has received approval from Indian competition regulators for its acquisition of a 70% stake in Kotak Mahindra General Insurance Company (KMGIC).
RiverStone International has announced the completion of its acquisition of Irish insurance leader, Catalina Insurance Ireland
Hub International Limited (Hub), has officially acquired the assets of Ronald (Ron) Morin, Jr., operating under Morin Insurance Agency. The specific terms of the transaction remain undisclosed.
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Zurich Insurance Group has announced that Viridium Group won’t buy its life legacy business in Germany as planned.
Arthur J. Gallagher & Co. has announced the acquisition of Forest Insurance Facilities by its US wholesale brokerage, binding authority, and programmes division, Risk Placement Services, Inc. (RPS).
Allianz Direct, the European direct business arm of global insurance giant Allianz, has successfully acquired the home insurance business of online insurer Luko.
German insurtech Getsafe has successfully acquired deineStudienfinanzierung, a digital platform specialising in student loans.
Inszone Insurance has successfully acquired Jacque Pirtle Insurance, a well-established agency serving the Dallas/Fort Worth Metroplex for nearly three decades.
In the wake of a challenging year for mergers and acquisitions (M&A), global markets are gearing up for a significant rebound in 2024, according to recent findings from WTW’s Quarterly Deal Performance Monitor (QDPM).
HDI Global Specialty has acquired a majority stake in managing general agency (MGA) Falcon Risk Holdings and a subsidiary of Pennsylvania Lumbermens Mutual Insurance (PLM).
Verisk has announced the completed the acquisition of Rocket Enterprise Solutions GmbH, an insurtech provider based in Germany specialising in the property claims sector.
Pan-American Life Insurance Group (PALIG) has successfully concluded the acquisition and merger of Encova Life Insurance Company, marking a significant development in the realm of life, accident, and health insurance services.
Howden, the global insurance group, has solidified its position in the Norwegian market with the recent acquisition of Arctic Insurance AS, a rapidly growing insurance broker based in Oslo.
Aon Plc. a global leader in professional services, has unveiled plans to acquire NFP, a prominent middle-market provider offering comprehensive risk, benefits, wealth, and retirement plan advisory solutions.
Hub has announced the acquisition of AP Group, a comprehensive insurance agency specialising in coverage for dentists, oral surgeons, physicians, business professionals, and associations. Terms of the transaction were not disclosed.
In a move aimed at broadening its footprint in the Canadian market, insurtech firm Accelerant has announced the acquisition of Omega Insurance Holdings, Inc. from Till Capital Ltd.
In a shocking revelation, PhilHealth, the state health insurer of the Philippines, fell prey to a cyber attack due to the absence of cyber protection software, sparking urgent calls for a comprehensive cybersecurity audit.
Onsurity, a startup specialising in employee healthcare benefits, has successfully secured $24 million in its latest Series B funding round.
Arthur J. Gallagher & Co. has successfully completed the acquisition of The Coverage Pro, a prominent retail insurance broker specialising in construction for both commercial and personal lines clients across the state.
In a significant move to bolster its market presence, Getsafe, the innovative neo-insurer based in Germany, has successfully secured an agreement to acquire the German customer base of French insurtech company Luko.
Global Insurance Brokers (Global), one of the premier providers of risk management, insurance, and reinsurance broking services in India, has officially announced its acquisition by Aon plc.
MGT Partners has initiated the launch of MGT Insurance through the acquisition of CM Select from Church Mutual, a prominent insurer of religious organisations in the US.
Velocity HoldCo, LLC, and Insight Risk Technologies LLC have finalised an agreement that sees Velocity acquiring a majority stake in Insight Risk.
International specialist insurer Hiscox has entered into an agreement to sell DirectAsia, its business operations in Singapore and Thailand predominantly providing motor insurance, to boost Thailand Holdings Limited, the parent of the Roojai group of companies.
Leading British insurer Aviva has announced that it has reached an agreement to purchase the UK life insurance business of American International Group (AIG) for a substantial sum of £460 million (US$563 million).
Gallagher has revealed its plan to acquire Eastern Insurance Group, a subsidiary of Eastern Bank located in Natick, Massachusetts.
RiverStone International, the premier provider of legacy solutions in the Lloyd’s market, has inked a strategic agreement with members of the Catalina Group.
Howden-owned Aston Lark has announced the acquisition of Curtis Marine, a Plymouth-based marine insurance broker.
Marsh has announced its intent to acquire Honan Insurance Group, a distinguished insurance broker known for its proficiency in corporate risk, employee benefits, as well as strata and real estate insurance solutions.
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has acquired SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services.
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Inszone Insurance Services has announced the acquisition of Speck Insurance and Financial Services.
Arthur J. Gallagher & Co has announced its latest acquisition of California-based Wigmore Insurance Agency, Inc.
Majesco, a global frontrunner in cloud insurance platform software, has declared the resounding success of its strategic acquisition of ClaimVantage in January 2021
Global reinsurer Hannover Re has showcased impressive growth in its H1 2023 financial results, recording a remarkable 3.9% surge in reinsurance revenue, which now stands at €12.3 billion.
Embedded insurance specialist, Cover Genius, has announced an exciting new partnership with Uber to offer enhanced protection for drivers in Brazil.
The State of Connecticut recently launched the Connecticut Baby Bond Trust with an initial deposit of $398 million, made possible in part by using a debt service reserve fund insurance policy from Build America Mutual (BAM).
DUAL, the prominent London-based managing general agent (MGA), has made a significant move by acquiring David Ashby Underwriting Ltd. (DAU), a specialised MGA focused on bloodstock and high-value sports horse insurance.
Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, has announced its acquisition of a majority stake in Riverton Insurance Agency Corp., a New Jersey-based insurance services business comprising a Managing General Agency (MGA) and a retail agency. The terms of the deal have not been disclosed.
Insurtech company Tractable, based in London, has secured $65 million in a Series E funding round led by SoftBank Vision Fund 2
Leading MGA, Nexus Underwriting, has successfully finalised its acquisition of Evolve Cyber Insurance Services LLC, an MGA based in California specialising in cyber insurance.
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NFP has finalised the purchase of FinTrust Insurance and Benefits’ employee benefits solutions business and Presidio Financial Services Corporation, marking the latest additions to its expanding portfolio of acquisitions.
Liberty Mutual Insurance and Generali Group have announced signing a definitive agreement for Generali to acquire Liberty Seguros, S.A. – Liberty Mutual’s personal lines and small commercial insurance business headquartered in Madrid.
Zurich Insurance Group (ZURN.S) is reportedly in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct knowledge of the matter have said, in a deal that would mark its first major bet on the fast-growing South Asian insurance market.
Guy Carpenter, a global risk and reinsurance specialist and a Marsh McLennan business, has announced the acquisition of Re Solutions, the leading independent reinsurance broker in Israel.
AIG has divested Validus Re to RenaissanceRe in an acquisition deal worth a reported $4.5 billion
Fisher Asset Management Reveals New Acquisition in Resideo Technologies, Inc. as reported to the Securities & Exchange Commission.
Zinnia, a leading life and annuity insurance technology and digital services company, announced today its acquisition of Policygenius, a digital insurance marketplace.
Boston-based insurtech startup Ledgebrook has successfully raised $4.6 million in a recent funding round led by Markd
Megan Kuczynski, President of Insurtech Insights USA has joined the Board of Advisors for the FinTech Graduate Program at University of Connecticut (UConn).
Direct Line Group, the private motor insurer, has acquired By Miles, a pay-by-mile insurance provider for an as yet, undisclosed sum.
Sproutt, the life insurance company that modernises life insurance for agencies, agents, and their customers, has announced the launch of Sproutt SmartLife for Agencies.
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Inszone Insurance Services has announced that it has acquired The Contractors Insurance Group, an Arizona-based agency that focuses on contractors.
Singapore-based insurtech bolt has partnered with Pathpoint, a digital wholesaler for small commercial excess & surplus (E&S).
Cover Genius, the insurtech for embedded protection, has announced the completion of an asset acquisition agreement with US-based embedded warranty provider, Clyde Technologies. The assets acquired will assist Cover Genius’ continued expansion into the medium-sized e-commerce segment.
Specialist Risk Group (SRG) has today announced its acquisition of the mid-market commercial broker Consort Insurance.
Insurance firm FWD Group Holdings Ltd (FWD.N) said on Monday it had agreed to buy a majority stake in Malaysian insurer Gibraltar BSN Life Bhd for an undisclosed price, expanding its presence in the country’s full-service insurance business.
Aviva has completed an £850 million buy-in of the Arcadia Group Pension Scheme and Arcadia Group Senior Executive Pension Scheme. The transaction enables the Trustees to secure benefits in excess of Pension Protection Fund levels for around 8,800 members of the schemes.
Aston Lark, a Howden company, today announces it has agreed terms to acquire Allegiance Insure Ltd. Based in the City of London, Allegiance Insure was established by Charles Wintour in 2015.
Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 billion.
Merger offers access to Lloyd’s and worldwide markets as investors focus attention on forestry for carbon sequestration.
The investment arm of insurance giant Metlife Inc said on Tuesday it had agreed to acquire Raven Capital Management, a U.S. private credit manager with $2.1 billion in assets under management.
Essent Group agreed to purchase the title insurance subsidiaries of Finance of America’s Incenter business for $100 million, the latest company looking to find synergies between the two businesses.
UK-based Ardonagh Group has completed its acquisition of Envest, which it first agreed to acquire in November last year.
Westfield has announced that it has completed its acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings.
Hub Financial Inc. (Hub Financial), one of Canada’s largest distributors of life insurance and investment solutions, announced today that it has acquired, through one of its affiliates, Achievex Financial Services Inc., W.C.S Financial Services Inc., W.C.S. Achievex Inc., Allen Wong & Associates Agency Limited, BridgeForce Financial Group Inc., Cinaber Financial Inc., Ontario East Insurance Agency Ltd., and Joseph B. Woodyatt Insurance Agencies Limited (BridgeForce). Terms of the transaction were not disclosed.
At-Bay, the insurance company for the digital age, today completed the acquisition of At-Bay Specialty Insurance Company, a Delaware-domiciled excess and surplus (E&S) lines property and casualty (P&C) insurer licensed in 44 states, from XL Insurance America, Inc.
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Arthur J. Gallagher & Co. today announced that its subsidiary, Risk Placement Services, Inc. (RPS), has acquired Austin, Texas-based Remco Insurance Agencies, Inc. Terms of the transaction were not disclosed.
First Underwriting has launched a new motorsport insurance brand called Slipstream Underwriting.
Hub International has announced its acquisition of the assets of Michigan-based Grace & Porta Benefits, Inc.
Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired The O&S Insurance Brokerage Group, Inc. and OSA Insurance Brokerage Services, LLC (collectively, OSA Insurance Brokerage Services). Terms of the transaction were not
Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Hunt Valley, Maryland-based HMS Insurance Associates, Inc., one of the nation’s largest independent agencies. Terms of the acquisition were not disclosed.
Strategic acquisition will add digital, out-of-the box payments capabilities to Duck Creek’s comprehensive suite of SaaS solutions for P&C and general insurers
The solution gives insurers better underwriting data, reduces fraudulent claims, and enhances protection for tradespeople in the U.K.
MagMutual Insurance Company, the nation’s largest mutual insurer of physicians, has completed its acquisition of MDAdvantage Insurance Company of New Jersey. The transaction received final corporate approval and regulatory approval by the New Jersey Department of Banking and Insurance in December.
Managing general agency Johnson & Johnson announced that it recently acquired the assets of Statewide Insurance Corp as it looks to expand into a number of Southwestern states.
Arthur J. Gallagher & Co. today announced the acquisition of Abilene, Texas-based CBS Insurance, LLP. Terms of the transaction were not disclosed.
Arthur J. Gallagher & Co. announced on Tuesday that it has agreed to acquire the partnership interests of Buck, a provider of retirement, HR and employee benefits consulting and administration services. The transaction is expected to close during the first half of 2023, subject to customary regulatory approvals.
Arthur J. Gallagher & Co. today announced the acquisition of Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed.
Zurich Insurance Group AG has emerged as the front-runner to buy a majority stake in the Malaysian insurance business of US insurer MetLife Inc. and Kuala Lumpur-listed AMMB Holdings Bhd., according to people with knowledge of the matter.
Italian insurer Generali SpA is planning to sell roughly 20 billion euros ($21 billion) of its Italian life insurance portfolio, Bloomberg News reported on Wednesday, citing people familiar with the matter.
US insurer, Liberty Mutual Holding Company (LMHC), is exploring a sale of its businesses in Spain, Portugal and Ireland, according to Bloomberg News sources.
French insurance broker April Group said private equity firm KKR & Co. has become its new majority shareholder, according to a statement posted on its website.
Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Focus Insurance, a leading personal insurance brokerage firm based in Houston, Texas. Terms of the acquisition were not disclosed.
Commercial insurance broker based in Tennessee, Bradley Insurance Agency, has been acquired by Marsh McLennan Agency (MMA), a subsidiary of Marsh. The terms of the acquisition have not been disclosed.
Aegon NV said on Thursday smaller rival ASR would acquire its insurance operations in the Netherlands in a deal that would see ASR replace it as the second-largest Dutch insurer.
Pet insurance company ManyPets announced the acquisition of Digital Edge Insurance Company, a US-based carrier, from Munich Re Digital Partners US Holding Corporation, following regulatory approval.
A new MGA has been launched in London a short distance from Lloyd’s market. Specialty MGA UK has been created with a focus on providing additional capacity for specialty lines of businesses and hard to place risks.
Gradient AI, a Boston-based enterprise software provider of AI solutions in the insurance industry, announced that it has acquired Prognos Health’s (New York) analytics business underwriting unit to leverage data from the company’s large collection of integrated medical records and lab data via its real-world data marketplace.
Allianz is expanding its automatic accident detection service. Dubbed the Allianz accident reporter, the digital claims service used by Allianz at the scene of an accident, can automatically detect accidents and notify the insurer. Insureds are later informed about the next steps of claims settlement.
Reinsurance giant Munich Re has acquired apinity GmbH, a start-up that supplies application programming interface (API) solutions in the form of Software-as-a-Service (SaaS) for the insurance industry’s ecosystem.
Allianz X, the digital investments arm of Allianz Group, will acquire 100 percent of the shares in simplesurance.
Singapore-based international insurtech, bolttech, has announced it has completed the acquisition of a majority shareholding in PT Axle Asia, an established insurance broker in Indonesia.
International insurance broker Howden, has acquired Swiss Broker, Born Consulting AG.
Gallagher has acquired AnotherDay, a specialist crisis and risk management consultancy that helps organisations to pre-empt and prepare for complex threats, react to crises and investigate criminality through the use of intelligence and technology.
Howden RE and TigerRisk have announced the creation of Howden Tiger SabRE (SabRE), a new group combining their MGA operations and programme capabilities.
Italy-headquartered insurer Generali has acquired Axa’s Malaysian operations, in line with Generali strategy to strengthen its leadership position in high potential markets.
On July 29, the day after the Metromile acquisition closed, Lemonade laid off 20% of the Metromile team, with the explanation: “This acquisition is synergistic, in that the combined entity is better than the sum of its parts, and can operate with fewer people than were needed to staff the two standalones.”
Toronto InsurTech startup Relay Platform has been acquired by At-Bay, a digital insurance provider based in San Francisco.
Coalition, a cyber insurtech, received regulatory approval to acquire Munich Re Digital Partners U.S. Holding Corporation’s Digital Affect Insurance Company, a P&C insurer licensed in 50 states.
Aviva has signed a binding agreement with the specialist managing general agent Azur Underwriting Ltd to acquire its high-net-worth personal lines business in the UK and Ireland.
Cover Genius, the insurtech for embedded insurance, announced today its acquisition of Booking Protect, the leading specialist in embedded ticket protection for ticket sellers, platforms and live event companies such as SeatGeek, Spectrix, AudienceView, and Night Out in the US, Zaiko in Japan, See Tickets, Festicket and TicketSource in the UK and OzTix in Australia.
Liberty Mutual Insurance has completed the acquisition of Malaysian insurer AmGeneral Insurance Berhad, which is expected to make Liberty Mutual the country’s largest auto insurer.
Cover Genius, the insurtech for embedded insurance, announced today its acquisition of Booking Protect, the leading specialist in embedded ticket protection for ticket sellers, platforms and live event companies.
American global insurance brokerage and risk management services acquires Australia’s National Insurance Group, extending their geographic reach.
InsurTech leader’s latest acquisition adds deep industry talent and two leading MGA solutions into the Vertafore ecosystem.
Gallagher announced recently that it has acquired INNOVU Group Holding Company Limited (“INNOVU Insurance”). Terms of the transaction were not disclosed.
Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Clark Insurance, a leading independent agency in Maine. Terms of the acquisition were not disclosed.
Munich Re Life US, part of the global reinsurer, has signalled its intent to buy medical record firm Clareto.
Howden, the London-based international insurance broker, further strengthens its presence in Italy with two new acquisitions: Nord Est Insurance Broker and ASI Insurance Brokers.
Chubb has acquired the renewal rights of DUAL Asia’s financial lines portfolio in Hong Kong SAR and Singapore.
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc (SHEL.L) to carmaker Hyundai Motor Co (005380.KS) to PwC, a global professional services firm.
Slide, an insurtech startup that quickly raised $100 million in seed capital, has acquired $400 million worth of premiums from Orlando-based St. Johns Insurance Co., which recently ceased operations after a ratings agency downgraded it.
Hub will acquire the Insureon digital insurance agency and brand while Bold Penguin will acquire the Insureon technology platform.
The closing makes Liberty Mutual the second-largest carrier serving the independent agent channel.
Aon plc (NYSE: AON), a leading global professional services firm, today announced it has acquired actuarial software platform Tyche from technology and software firm RPC Tyche.
Trōv, one of the earliest and most widely recognized insurtechs, today announced that its technology has been acquired by The Travelers Companies, Inc. (NYSE: TRV), a leading provider of property casualty insurance for auto, home and business. Most members of Trōv’s team have also joined the company. Terms of the transaction were not disclosed.
Swiss Re has acquired the entire share capital of Champlain Reinsurance Company (CRC), a Swiss-based run-off reinsurance captive of Alcan Holdings Switzerland.
Bolttech, a Singapore-based insurtech unicorn, has acquired local insurance firm Ava Insurance for an undisclosed sum.
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