June 4, 2018
Bermuda-based specialty insurer Sompo International Holdings has completed the acquisition of the operating subsidiaries of Lexon Surety Group. The deal was first announced in January. Lexon, the second largest independent surety insurer in the U.S., is comprised of Lexon Insurance …
June 4, 2018
Ryan Specialty Group has completed its acquisition of Lodestar Marine Limited of London. Within RSG, Lodestar’s operations are a part of RSG Underwriting Managers, the managing general underwriting division of Ryan Specialty Group. Charles Dymoke and John Hearn have joined …
June 1, 2018
Kemper Corp. and Infinity Property and Casualty Corp.reported that the companies’ respective shareholders approved proposals related to the agreement announced in February under which Kemper will acquire Infinity. According to the companies, the proposals received overwhelming shareholder support, with more …
May 30, 2018
Allianz Group has agreed to acquire eight percent in African reinsurer Africa Re. The total cash consideration payable at closing would amount to USD$ 81 million (or Euro 69 million). Africa Re has been operating for 42 years on the …
May 23, 2018
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has announced the acquisition of Corporate Benefit Audits (CBA), a firm providing claim outsourcing and audit services to the medical stop loss, managed care and self-funded industries. Terms …
May 22, 2018
The Hilb Group LLC (THG) has acquired New York–based Bentson Insurance Group. The transaction became effective May 1, 2018. Founded in 1948, Bentson Insurance Group is a full-service property and casualty insurance agency specializing in home and business insurance as …
May 22, 2018
Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff since 2006. Greyhawk Specialty is a dormant Rhode Island domiciled excess …
May 21, 2018
U.S.-based NSM Insurance Group’s UK subsidiary, Vantage Holdings, has acquired Fresh Insurance Services Group Ltd,. an insurance broker based in Redditch, West Midlands that specializes in non-standard personal lines products, motor trade, van and travel insurance. Vantage Holdings was acquired …
May 18, 2018
Lloyd’s and independent specialist marine broker SSL Insurance Group has agreed to merge with fellow Lloyd’s broker and delegated authority specialist Endeavour Insurance Services. The deal will conclude with both companies being acquired by a fund advised by private investment …
May 17, 2018
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Costello Benefits Group (CBG Benefits Inc.), a full-service employee benefits brokerage firm headquartered in Woburn, Mass. Terms of the deal were not disclosed. This acquisition is …