Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
October 8, 2021
 
 
 

Riskonnect Acquires ESG Technology Firm ICIX

Oct 8, 2021 -- Integrated risk management software firm Riskonnect has acquired ICIX, a California-based value chain governance company that helps...
 

Chubb to Buy Some of Cigna's Asia-Pacific Businesses for $5.8 Billion

Oct 8, 2021 -- U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp's life, accident, and supplemental benefits businesses in Asia Pacific...
 

India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.'s IPO

Oct 8, 2021 -- India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corp., according to a person with knowledge...
 

Germany's Getsafe Raises $30M, Led by Swiss Re; Eyes Becoming Full Carrier

Oct 8, 2021 -- Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said the...
 

Insurers Could Owe $80M to Investors Suing Over 2016 Willis Merger With Towers Watson

Oct 8, 2021 -- Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for...
 

Hub International Acquires Quebec's H.W. Hollinger (Canada)

Oct 8, 2021 -- Hub International Ltd., a Chicago-based insurance broker and financial services firm, announced it has acquired H.W. Hollinger (Canada)...
 

Porch Group's Homeowners Insurance Moves into Tennessee

Oct 7, 2021 -- Homeowners of America, a property and casualty insurance provider and subsidiary of the Porch Group, announced it is open for business in...
 

Specialty Program Group Acquires Assets of CM&F Group

Oct 7, 2021 -- Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, acquired the assets of...
 

Arrow Risk Management Launches MGA Platform, Led by Former Barbican Executives

Oct 7, 2021 -- Arrow Risk Management announced the launch of its new MGA underwriting platform, led by Jon Godfray as chief executive officer and Mark...
 

Hub International Completes Purchase of Canada's National Home Warranty Group

Oct 7, 2021 -- Hub International Ltd., a Chicago-based broker and financial services firm, announced it has completed the acquisition of the assets of...
 

Insurate, Workers' Compensation Insurtech, Secures $4.5M Investment

Oct 6, 2021 -- Omaha-based Insurate, a data science-based provider of workers' compensation, announced a $4.5 million seed round led by HSCM Ventures,...
 

Inszone Acquires Yuma Foothills Insurance in Arizona

Oct 6, 2021 -- Inszone Insurance Services acquired Yuma Foothills Insurance in Yuma, Ariz. Yuma Foothills Insurance has provided insurance services to...
 

Coalition Acquires Digital Commercial Agency Attune

Oct 6, 2021 -- Coalition, a San Francisco-based cyber insurance and security company, has acquired Attune, a digital agency with a platform focused on...
 

Custard Adjusts Recipe, Acquires Specialty Group

Oct 6, 2021 -- Custard Companies, parent organization to Custard Insurance Adjusters, has acquired Florida-based Specialty Group Inc., an investigations...
 

DOXA Insurance Holdings Acquires AGIA in California

Oct 5, 2021 -- AGIA Inc. in Carpinteria, Calif., and its sister company Worldwide Rescue and Security, Inc. have been acquired by DOXA Insurance...
 

UK Competition Authority Investigating Gallagher Bid to Buy Willis Re

Oct 5, 2021 -- The UK's Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the treaty...
 

Morse Insurance Agency Merges with Habig & Magoon

Oct 5, 2021 -- The Morse Insurance Agency Inc. merged with the Habig & Magoon Insurance Agency on October 1, 2021. In the mid-1980s, the Morse...
 

Gallagher Acquires Grand Cayman's Briat, UK's Manchester Underwriting

Oct 5, 2021 -- Global insurance broker Arthur J. Gallagher & Co. announced it has acquired two agencies: Grand Cayman-based Briat Insurance Ltd. and...
 

Neptune Flood Acquires Parametric Earthquake Insurance Broker Jumpstart

Oct 4, 2021 -- Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric insurtech broker that offers...
 

Insurers Expanding Franchises, Options in Florida

Oct 4, 2021 -- Two insurance companies announced expansions in Florida last week. Jacksonville-based We Insure Inc., an independent insurance franchise...
 

New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round

Oct 4, 2021 -- New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and...
 

Aston Lark Acquires UK Insurance Broker S. Johnson & Co.

Oct 4, 2021 -- Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of S. Johnson & Co. Ltd....
 

Argo Group Agrees to Sell Brazilian Business

Oct 4, 2021 -- Argo Group International Holdings Ltd., an underwriter of specialty insurance, announced an agreement to sell its Brazilian operations,...
 

Allstate Completes Sale of Life Insurance Company of New York

Oct 4, 2021 -- The Allstate Corp. moved closer to its complete exit from the life insurance and annuity business with the closing of the sale of its...
 

JZZ Tech Acquires Florida-Based Beacon Insurance Solutions

Oct 1, 2021 -- JZZ Technologies Inc. has acquired Florida-based Beacon Insurance Solutions, part of its continuing effort to reach the senior adult...
 
 
 
 
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