Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the shares of ES3 Insurance Services Ltd. operating as ES3 Advisory. Terms of the acquisition were not disclosed. Headquartered in Vancouver, British Columbia, ES3 Advisory is an employee benefits …
BB&T Insurance Holdings, which is owned by financial services firm BB&T Corp., has agreed to acquire another bank-owned insurance broker, Regions Insurance Group, from Regions Financial Corp. No terms were disclosed. Memphis-based Regions Insurance is a mostly retail insurance broker …
SoftBank Group Corp. borrowed about $8 billion through a margin loan backed by its Alibaba Group Holding Ltd. stake as the Japanese technology giant aims to bolster its financial flexibility, according to people familiar with the matter. The loan, guaranteed …
Who wouldn’t want the attention of a billionaire like Masayoshi Son? The SoftBank founder is Japan’s third-richest man, with interests from ride-hailing app Uber to shared-office firm WeWork. So when he was reported to be eyeing a 25 percent stake …
Cook Maran & Associates (Cook Maran) has acquired Rosenthal Insurance Group Inc. (Rosenthal). Cook Maran is a New York and New Jersey insurance broker and the New York metropolitan area platform for Prime Risk Partners (PRP). Rosenthal is a Wayne, …
IAT Insurance Group (IAT) has reached a definitive agreement to acquire IFIC Surety Group Inc. for an undisclosed amount. The acquisition signals IAT’s entry into the surety market. The closing of the transaction is subject to customary regulatory approvals. IFIC …
Billionaire Masayoshi Son’s SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss company’s shares fell as much …
Hub International Ltd., a Chicago-based insurance brokerage, announced it has acquired the shares of The Benefits Co. Inc. (TBC). Terms of the acquisition were not disclosed. Headquartered in Windsor, Ontario, TBC assists, guides and protects its clients through the various …
Worldwide Facilities has acquired Tennant Risk Services Insurance Agency LLC. Worldwide Facilities is a Los Angeles, Calif.-headquartered, national wholesale insurance brokerage and managing general agency. Tennant Risk Services Insurance Agency is a West Hartford, Conn.-based wholesale insurance broker and underwriting …
Ryan Specialty Group LLC (RSG) has completed its acquisition of the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day was founded in 2005 and is a specialist …
