Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both parties expect the transaction, which is subject to regulatory approval, …
Global claims firm Sedgwick Claims Management Services has agreed to acquire Cunningham Lindsey, another global loss adjusting and claims management firm. No terms were disclosed. CVC Capital Partners, a private investor group, has owned a majority ownership in Cunningham Lindsey …
Swiss Re has agreed to purchase 1.1 million life insurance policies from UK insurer Legal & General Group (L&G) for £650 million ($873.6 million). These policies will be managed by ReAssure, Swiss Re’s closed book life consolidator within the Swiss …
Hyperion Insurance Group announced that Caisse de dépôt et placement du Québec (CDPQ), the long-term institutional investor and pension fund, will acquire a significant minority stake in the group. Investing more than US$400 million in new growth equity, CDPQ will …
Arthur J. Gallagher & Co. announced the acquisition of London-based Gatehouse Consulting Ltd. Terms of the transaction were not disclosed. Gatehouse Consulting is a full-service agency offering strategic communications support to UK multinational companies and multinational companies with a UK …
On December 1, 2017, Coverys finalized the acquisition of Global Insurance Management Company, Inc. (GIMC), headquartered in Plantation, Fla. GIMC and its insurance subsidiary, Healthcare Underwriters Group, Inc., provide medical professional liability insurance for physicians and healthcare providers in Florida, …
Octo Telematics, the the London-based provider of telematics for the auto insurance industry, announced it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson, which was announced on Oct. 11, 2017. The financial details of …
USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA (WFIS), formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and consulting, employee benefits and property/casualty insurance national practices of …
Randall & Quilter Investment Holdings Ltd. announced it has completed the sale of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of medical professional liability insurance based in Boston, Mass. The agreement between R&Q and …
Aon plc has acquired 100 percent interest in Unidelta AG, an insurance broker located in Rapperswil, St. Gallen, Switzerland. Unidelta AG was founded in 2004, and is an independent all-line insurance broker with a strong focus on personal injury management. …
