Westland Insurance acquired of MSP Insurance, expanding operations in Ontario
Westland Insurance has expanded its operations in Ontario with the acquisition of MSP Insurance Corp., also known as Mitchell Sandham Pastor Insurance Brokers
M&A Insurance News
Liberty Global Transaction Solutions released its annual M&A claims briefing
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has released its fifth annual M&A claims briefing. The 2024 report analyzes insurance claims
Gallagher acquired Dawson & Keenan Insurance, a retail insurance brokerage in Ontario
Arthur J. Gallagher & Co. has acquired Dawson & Keenan Insurance, a retail insurance brokerage in Sault Ste. Marie, Ontario. The financial details of the deal were not disclosed
McDougall Insurance acquired Cornell Insurance Brokers, based in Markham
McDougall Insurance Brokers Limited (McDougall Insurance) has acquired Cornell Insurance Brokers Ltd., a brokerage based in Markham
Allianz Australia purchases RAA’s general insurance business and securing
Allianz Australia has partnered with the Royal Automobile Association of South Australia (RAA) in a deal valued at AUD$642.2 mn
Abacus Life completes $2 bn acquisition of Carlisle Management Company
Abacus Life, a global alternative asset manager specializing in longevity data and actuarial technology, has completed its acquisition of Carlisle Management Company S.C.A. Carlisle
Drayden Insurance acquired Norwest Insurance Agencies in Alberta
Drayden Insurance, a subsidiary of McDougall Insurance Brokers, has acquired Norwest Insurance Agencies, continuing its expansion in Alberta
Navacord’s Jones DesLauriers partners with Vita Assure to expand in Quebec
Jones DesLauriers Consulting, the benefits consulting division of Jones DesLauriers Insurance and a Navacord broker, has partnered with Vita Assure, a Quebec-based firm
Aon acquires the insurance agency of Mitsubishi Chemical Group in Japan
Aon announced a definitive agreement to acquire the in-house insurance agency of Mitsubishi Chemical Group (MCG). The move expands Aon’s risk and health offerings in Japan
Bishop Street Underwriters plans to acquire Landmark Underwriting, a London Market MGA
Bishop Street Underwriters, a portfolio company of RedBird Capital Partners, announced its plans to acquire Landmark Underwriting, a specialty MGA in the London Insurance
Massachusetts Division of Insurance approved Point32Health’s acquisition of Health New England
The Massachusetts Division of Insurance has approved Point32Health’s acquisition of Health New England and its subsidiaries, HNE Holding and HNE Insurance
Steadfast Group expands London insurance market, with acquisition of H.W. Wood & HWI France
Australasia’s largest general insurance broker network Steadfast Group is set to enhance its London Market footprint through the acquisition of H.W. Wood and HWI France
Aon acquired Griffiths & Armour, a UK-based insurance broker
Aon, a global professional services firm, today announced the signing of a definitive agreement to acquire Griffiths & Armour, a UK-based insurance broker
Bishop Street Underwriters acquired the Transactional Liability unit of Ethos Specialty
Bishop Street Underwriters, part of the RedBird Capital Partners portfolio, has acquired the Transactional Liability unit of Ethos Specialty
MDS Group acquired Cobian Insurance Brokers
The MDS Group, part of The Ardonagh Group, has announced it has agreed to acquire insurance broker Cobian Insurance Brokers
Insurtech Vertafore acquired cloud-based software platform Surefyre
North America’s insurtech Vertafore announced its acquisition of Surefyre, a leading platform focused on submission and underwriting for MGAs and wholesalers
Centana Growth Partners acquired a majority stake in First Connect Insurance
Centana Growth Partners has acquired a majority stake in First Connect Insurance Services, an insurtech platform connecting independent insurance agents with carriers
Swiss Re sells iptiQ’s European P&C business to Allianz
Swiss Re will sell iptiQ’s European Property & Casualty (P&C) business to Allianz Direct, aligning with its strategic exit from iptiQ. This transaction, which covers iptiQ EMEA P&C S.A
Ardonagh Group completes acquisition of PSC Insurance, expanding APAC & UK platforms
The Ardonagh Group, a major independent insurance broking platform, has completed the acquisition of PSC Insurance Group Limited
UNIQA Insurance Group sold of the Russian insurer Raiffeisen Life
UNIQA Insurance Group has completed the sale of its Moscow-based subsidiary, Raiffeisen Life, to the Russian company Renaissance Life
JMG Group acquired of Confidential Solutions Group
JMG Group has acquired its 40th business with the purchase of London-based Confidential Solutions Group. This acquisition includes a managing general agent
Marsh McLennan acquires McGriff Insurance Services for $7.75 bn
Marsh McLennan (MMC) announced plans to acquire McGriff Insurance Services for $7.75 bn. This move aims to expand MMC’s U.S. commercial and personal lines broking operations
MGA Optio Group acquires Luxembourg-based Circles Group, expanding European presence
Optio Group, a specialty managing general agent (MGA), has acquired Circles Group, a Luxembourg-based MGA, for an undisclosed sum. The transaction is pending regulatory approval
Sixth Street acquires Enstar Group, totalled equity value of $5.1 bn
Enstar Group has entered into a definitive merger agreement under which Sixth Street will acquire Enstar, with Liberty Strategic Capital, J.C. Flowers & Co.
UK-based insurtech Policy Expert secured new backing from PE-firm Cinven
Policy Expert, a home and motor insurtech, has secured new backing from international private equity firm Cinven to fuel its expansion plans
How GLP-1 therapies are altering medical practices and insurance structures, prompting reinsurers to adjust their strategies to align with emerging risk profiles
Blockchain and cryptocurrency are two terms that have become inseparable, yet they are not the same thing. Blockchain is the technology. Cryptocurrency is the application of that technology
32% of surveyed insurance executives identified these issues as a significant macroeconomic risk, ranking 5th after inflation, recession, market volatility, and geopolitical tensions
U.S. Financial Stability Oversight Council said
there has been a shift in the composition of life insurers’ liabilities and an increase of private equity firms