A group led by Yunfeng Financial Group Ltd., the company backed by billionaire Jack Ma, agreed to buy an Asian unit from Massachusetts Mutual Life Insurance Co. to add insurance products to the array of financial services it offers to …
Privately held insurance broker Palmer & Cay, LLC has acquired Atlanta-based Millennium Benefits Consulting, according to Jack Cay, Palmer & Cay’s president and CEO. To formalize its benefit consulting operations, the firm has formed Palmer & Cay Benefits to serve …
The volume of completed mergers and acquisitions (M&A) in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second half of 2016, according to Clyde & …
NSI Insurance Group has acquired Southeast Insurance, an independent agency based in Boca Raton, Fla. Southeast President Brian Samberg and his entire team will join NSI Insurance Group, giving the company a new position in the Boca Raton, Delray Beach …
Generali has entered into an agreement to sell its Panama business to ASSA Compañía de Seguros S.A., for US$172 million, continuing its strategy to focus on core businesses. Under the transaction, which is subject to regulatory approval, Trieste-based Generali has …
Aon Groep Nederland announced it has entered into an agreement to acquire Utrecht-based broker Unirobe Meeùs Groep (UMG) from Aegon for €295 million ($347.9 million). The transaction is subject to works council advice and approval by the Dutch regulators, and …
The Travelers Cos. has completed its previously announced acquisition of Simply Business, a provider of small business insurance cover in the United Kingdom, which offers products online on behalf of a broad panel of carriers. London-based Simply Business has more …
Arthur J. Gallagher & Co. announced the acquisition of GPL Assurance Inc. (GPL), located in Montreal, Quebec. Terms of the transaction were not disclosed. Founded in 1968, GPL is a retail insurance broker offering commercial property and casualty services to …
Ryan Specialty Group, LLC, has completed the acquisition of the assets and operations of N-Surance Outlets (NSO), a wholesale insurance brokerage and binding authority operation headquartered in Roswell, Ga. The acquired business is a part of R-T Specialty, LLC (RT …
U.S. Risk Insurance Group, LLC, a property and casualty wholesaler, has acquired Strategic Insurance Underwriters, a specialist trucking MGA and broker headquartered in Sarasota, Fla. Strategic Insurance Underwriters has a 34-year history of offering tailored insurance products to the trucking …
