Onex Corp., USI Canadian private equity firm Onex Corp. agreed to acquire insurance brokerage USI from Goldman Sachs Group’s GS Capital Partners private equity fund in a transaction valued at $2.3 billion. The deal is expected to be completed by …
Horton Group, Cassady Neeser & Brasseur The Horton Group, based in Orland Park, Ill., and Cassady Neeser & Brasseur of South Bend, Ind., have merged effective Oct. 31. Cassady Neeser & Brasseur, with offices in South Bend and Elkhart, will …
Now that it has sold its equity stake in Hispanic-focused auto insurance broker Confie Seguros, Genstar Capital LLC is hunting for another insurance concern. The San Francisco, Calif.-based private equity firm recently sold off its investment in Confie Seguros to …
Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial consulting services firm. Avalon Actuarial was founded …
Euler Hermes and MAPFRE jointly announced the launch of “Solunion”- the brand name of their new credit insurance joint venture in Spain and four Latin American countries. Each partner owns 50 percent of the company, which is set to launch …
Marsh has embarked on a major reordering of its regional activities, which it said is “in order to align the delivery of its global capabilities more closely to the needs of clients around the world.” Marsh has combined its Asia …
Bermuda-based Validus Holdings, Ltd. announced that the shareholders of Flagstone Reinsurance Holdings, S.A. approved all matters required to be approved by Flagstone’s shareholders in order for Validus to acquire Flagstone, with the support of more than 99 percent of the …
Taiwan’s government will pay Transglobe Life Insurance T$88.4 billion ($3 billion) to take over ailing rival Kuo Hua Life after Transglobe beat out other competitors in the biggest taxpayer-funded bailout ever by the island state. Taiwan’s overcrowded life insurance industry …
Chinese state-owned insurer PICC Group has secured pledges from American International Group (AIG) and other investors to buy about half of its up to $3.6 billion IPO, set to be the biggest in Hong Kong in two years. The long-awaited …
Bermuda-based Endurance Specialty Holdings Ltd. announced that it has acquired the assets of Galileo Weather Risk Management, a provider of weather risk management products and services, and has hired all of its employees. The team “will be the foundation of …
