Novacore has agreed to acquire Diesel Insurance Solutions, a California-based managing general underwriter specialising in cross-border trucking, physical damage, and cargo insurance. Financial terms were not disclosed.
FWD has announced plans to acquire a 25% stake in Bolttech Insurance (Hong Kong) for a base consideration of $20.72m (HK$161.62m), subject to closing adjustment. Bolttech Insurance (Hong Kong) is currently a wholly owned subsidiary of Bolttech Discovery Holdings, which is ultimately owned by bolttech Holdings. Its principal business is the underwriting of general insurance […]
SageSure, a managing general underwriter, has made an investment in insurance-linked securities fund manager Pillar Capital Management, which has over $4bn of institutional assets under management. SageSure’s existing debt facility with long-standing capital partner Ares Management was expanded to support the investment. The investment adds Pillar’s reinsurance risk underwriting capabilities and institutional investor relationships to […]
Pen Underwriting, Arthur J. Gallagher’s specialist underwriting subsidiary, has acquired Wexford-based Ornella Underwriting for an undisclosed sum, bringing its combined Irish gross written premium to around €140m and giving its broker partners access to a wider range of risks through one managing general agent. Ornella, established in 2012 and regulated by the Central Bank of […]
Input 1, a provider of managed billing, digital payments, and premium finance technology and services for the insurance industry, and Insillion, an insurance technology provider serving carriers and MGAs, have announced a strategic partnership spanning policy administration, payments, and premium finance. As Insillion expands its presence in the US market, the partnership broadens its ecosystem […]
Specialty insurance company Ledgebrook has raised $200m in primary equity financing, co-led by Allianz X and Rockefeller Capital Management, with participation from existing investors. Separately, Allianz Re has agreed to enter a multi-year reinsurance agreement with Ledgebrook.
