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Insurance Mergers & Acquisitions

 
December 4, 2020
 
 
 
 
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Nebraska Agency, INSPRO, Acquired by Marsh & McLennan Agency

Dec 4, 2020 -- Marsh & McLennan Agency LLC (MMA) has acquired INSPRO, a full service, independent agency in Lincoln, Nebraska. Terms of the...
 

Sentry's Insurance Business Transfer Plan OK'd to Advance in Oklahoma

Dec 3, 2020 -- Wisconsin-based Sentry Insurance (Sentry) has gained approval from the Oklahoma Insurance Department to submit its Insurance Business...
 

World Insurance Associates Acquires Insurance Solution Network in Illinois

Dec 3, 2020 -- New Jersey-based World Insurance Associates LLC (WIA) has acquired Insurance Solution Network LLC (ISN) of Villa Park, Ill. Terms of the...
 

BMS Purchases Spanish Specialist Insurance Broker Montymarq

Dec 3, 2020 -- BMS Group, the independent specialist re/insurance broker, announced its Spanish subsidiary, BMS Mediación Iberia Correduría de Seguros...
 

Travelers to Acquire Plymouth Rock's Digital Agency InsuraMatch

Dec 3, 2020 -- The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group...
 

New Re/Insurer 'Vantage Risk' Launches, Led by Former Arch, AXA XL Executives

Dec 3, 2020 -- A new re/insurance group, called Vantage Group Holdings Ltd., has launched with $1 billion of equity capital, provided by private equity...
 

Capco Acquires Connecticut-Based Insurance Consultancy Firm NEOS

Dec 3, 2020 -- Capco, a global management and technology consultancy, has acquired NEOS LLC, a Hartford, Conn.-based consultancy focused on helping...
 

New Insurance Group Inigo Gets Approval from Lloyd's to Start Underwriting in January

Dec 3, 2020 -- Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors,...
 

Alera Group Acquires Michigan Insurance Agency, Lighthouse Group

Dec 2, 2020 -- Alera Group, an insurance firm headquartered in Deerfield, Mich., has acquired Lighthouse Group, an independent insurance agency with...
 

China Renews OK of Oceanwide's Stalled $2.7 Billion Purchase of Genworth

Dec 2, 2020 -- U.S.-based Genworth Financial Inc. reported that Chinese officials have renewed their approval of China Oceanwide Holdings Group's...
 

Fairfax Announces Sale of RiverStone Europe to Private Equity Firm CVC

Dec 2, 2020 -- Fairfax Financial Holdings Ltd. announced it has entered into a binding agreement with CVC Capital Partners (CVC) to sell all of its...
 

Crum & Forster Acquires Aspen's Food and Beverage Product Recall Business

Dec 2, 2020 -- Specialty insurer Crum & Forster (C&F) has acquired the renewal rights of Aspen's U.S. food and beverage product recall insurance...
 

Hub International Acquires Quebec-Based Seymour Alper

Dec 2, 2020 -- Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired Seymour Alper Inc. Terms of the transaction...
 

Update: UK-Based Reinsurer Conduit Holdings' Stock Rises After $1.1B London IPO

Dec 2, 2020 -- Conduit Holdings Ltd. rose as the Bermuda-based reinsurer started trading in London after an 826 million-pound ($1.1 billion) initial...
 

Allianz to Buy General Insurance Business of Australia's Westpac for $534M

Dec 2, 2020 -- Allianz announced it has agreed to purchase the general insurance business of Westpac Banking Corp., the Australian banking group for a...
 

TWFG Insurance Acquires Penguin Insurance Services in California

Dec 1, 2020 -- TWFG Insurance has acquired Penguin Insurance Services in Milpitas, Calif. Terms of the deal were not disclosed. Penguin is a network of...
 

AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.

Dec 1, 2020 -- AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to...
 

Private Equity Firm Cinven and Canada's BCI to Buy Legacy Specialist Compre

Dec 1, 2020 -- Cinven, an international private equity firm, and British Columbia Investment Management Corp. (BCI), one of Canada's largest...
 

Bank Wins Suit Against Anbang Insurance After Ending Hotel Deal Due to Pandemic

Dec 1, 2020 -- South Korean investment bank Mirae Asset Daewoo Co. Ltd. and affiliates won a U.S. court case against Anbang Insurance Group, a court...
 

World Insurance Associates Acquires Connecticut's Flanagan Associates

Dec 1, 2020 -- World Insurance Associates LLC (WIA) has acquired Flanagan Associates LLC of North Haven, Conn., on November 1, 2020. Terms of the...
 

Arthur J. Gallagher & Co. Acquires Pennsylvania's JP Warner Associates

Nov 30, 2020 -- Arthur J. Gallagher & Co. has acquired Wayne, Penn.-based JP Warner Associates Inc., doing business as Warner Benefits. Terms of the...
 

Aviva in Talks to Sell Units in France, Poland and Italy, CEO Confirms

Nov 30, 2020 -- Aviva Plc Chief Executive Officer Amanda Blanc confirmed the company was in talks to sell units in France, Poland and Italy as part of...
 

AXA Sells Persian Gulf Business for $269 Million to Kuwaiti-Based Group

Nov 30, 2020 -- AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits...
 

Vienna Insurance Bolsters Position in E. Europe with Purchase of Aegon Unit

Nov 30, 2020 -- Vienna Insurance Group AG bolstered its position as the biggest insurer in central and eastern Europe by agreeing to buy Aegon NV's...
 

Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal

Nov 25, 2020 -- Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group. Ariel...
 

UK Insurer and Roadside Recovery Firm, AA Plc, Accepts Private Equity Offer

Nov 25, 2020 -- British roadside recovery company AA Plc agreed a sale to private equity groups Warburg Pincus International and TowerBrook Capital...
 

Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger

Nov 25, 2020 -- Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to...
 

Usage-Based Insurer Metromile to Become Public Company

Nov 24, 2020 -- Metromile Inc., the pay-per-mile auto insurer, has reached a deal to go public by merging with Insu Acquisition Corp. II (Insu II), a...
 

Zywave Acquires Insurance Technologies Corporation (ITC)

Nov 24, 2020 -- Insurance technology provider Zywave announced the acquisition of Insurance Technologies Corporation (ITC), a leading provider of...
 

UK Insurer Aviva Sells Stake in Italian Life Unit for $475 Million

Nov 24, 2020 -- Aviva Plc is selling its stake in its Italian life insurance joint venture for about 400 million euros ($475 million) as Chief Executive...
 

Kemper to Acquire American Access Casualty in Illinois for $370M

Nov 23, 2020 -- Specialty insurer, Kemper Corp., has agreed to acquire American Access Casualty Co, and its related captive insurance agency, Newins...
 

RSG's Trident Marine Managers, Global Special Risks Join Forces in Houston

Nov 23, 2020 -- RSG Underwriting Managers LLC has consolidated two of its current managing underwriting manager businesses, Houston-based Trident Marine...
 

Howden Buys Cyber and Tech Specialist Broker Safeonline

Nov 23, 2020 -- Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech...
 

Hamilton Launches New Bermuda Special Purpose Insurer Called 'Ada Re'

Nov 23, 2020 -- Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to...
 

Kemper to Pay $370M for Specialty Insurer Focused on Hispanic Market

Nov 23, 2020 -- Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its related captive...
 

New Insurance Group Inigo Raises $800M of Capital; Founded by Former Hiscox Execs

Nov 23, 2020 -- Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a...
 

Zurich Insurance in Talks to Acquire MetLife Unit for $4 Billion

Nov 22, 2020 -- Switzerland's Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc.'s U.S. property and casualty (P&C) car and home...
 

Hudson to Acquire Pennsylvania's Allegheny Group and Its Surety Operations

Nov 20, 2020 -- Specialty insurer Hudson Insurance Group has agreed to acquire the Allegheny Group Inc. (AGI) and its subsidiaries from its private...
 
 
 
 
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