BGC Partners, Inc., a global brokerage and financial technology company, announced it has completed the acquisition of Ed Broking Group Ltd., the London-based independent Lloyd’s broker. BGC acquired 100 percent of Ed, which includes broking operations under the Ed brand …
Kaplansky Insurance, an independent, locally owned agency in the Northeast, has acquired Burak Insurance, located in Canton, Mass. The addition of Burak marks Kaplansky Insurance’s 31st overall acquisition and its fourth for 2018. Kaplansky Insurance, based in Needham, Mass., provides …
Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business, which generated more than £150 million ($190 million) of gross written …
Generali Group has finalized its agreement to increase its stake in its Indian insurance joint venture with Future Group to 49 percent from 25.5 percent. Through this transaction, Generali has committed up to approximately €120 million ($137.3 million) to its …
Arthur J. Gallagher & Co. has acquired Conshohocken, Penn.-based Preston-Patterson Co. Inc. Terms of the transaction were not disclosed. Founded in 1947, Preston-Patterson is a retail property and casualty insurance broker offering a range of coverages and services to broadcasters …
China Reinsurance (Group) Corp. announced it has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. — the major portion of Hanover Insurance Group’s Lloyd’s international specialty business. The acquisition of Chaucer Insurance Co. DAC (Chaucer Dublin) and Hanover …
The Hilb Group LLC (THG) has acquired Massachusetts-based H.J. Knight International Insurance Agency Inc. (HJK). The transaction became effective December 1, 2018. HJK is a full-service brokerage in the commercial insurance and risk management industry. Founded in 1987, the company …
The New York State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation to acquire MAPFRE Insurance Company of New York, a New York domestic property and casualty insurer, which will now be known as …
Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) has agreed to increase its minority stake in ReAssure, Swiss Re’s UK closed life book consolidator, by making an additional cash investment of £315 million ($398.7 million). The transaction, which is subject …
Insurance broker Miller Insurance Services LLP announced that following receipt of all necessary regulatory approvals, it has completed its acquisition of Alston Gayler and Co. (AG). The transaction strengthens Miller’s position as a leading London wholesale and specialist broking platform, …
