Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired the shares of Desilets Insurance Brokers Ltd. Terms of the acquisition were not disclosed. Based in Elie, Manitoba, Desilets offers personal and commercial insurance lines and specializes in providing …
Illinois-based Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm, has acquired IMG Benefits Group LLC in Houston, Texas. Terms of the transactions were not announced. IMG Benefits Group creates strategic employee benefit programs tailored to …
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets from Rubino Enterprises Inc. (formerly known as TYG Insurance Agency Inc.). Terms of the acquisition were not disclosed. Based in Arlington, Mass., TYG Insurance provides commercial and personal …
AXA SA’s pursuit of its biggest ever takeover really got serious at a romantic hotel on the shores of Lake Zurich. That’s where top executives of the French behemoth and XL Group Ltd., fresh from the annual gathering of the …
SouthPoint Risk Advisors, an independent insurance agency based in Nashville, has announced it acquired two Tennessee agencies at the end of 2017. On Oct. 1, SouthPoint officially acquired Consolidated Insurance Services, located in Knoxville. CIS provides auto, home, business, liability, …
Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital Ltd. Pelican Underwriting One trades as Pelican Underwriting and specializes in writing solicitors’ professional indemnity (PI) in England and Wales. …
XL Group’s CEO Mike McGavick has issued the following statement to clients and brokers in response to today’s announcement that XL has entered into an agreement to be acquired by French insurer AXA. Dear Valued Partners, We wanted to let …
Hub International Ltd., a Chicago-based global insurance brokerage, announced that it has acquired the shares of GMS Insurance (SWO) Inc. Terms of the acquisition were not disclosed. Based in Kitchener, Ontario, GMS Insurance is an independent benefit consulting firm that …
Nippon Life Insurance Co said on Friday it had agreed to buy an 85 percent stake in the domestic unit of U.S.-based MassMutual Financial Group for about 104.2 billion yen ($980 million) as it aims to boost its bancassurance sales. …
Zurich Insurance Group has entered into an agreement to acquire the Latin American operations of Australian insurer QBE Insurance Group Ltd. for a total aggregate price of US$409 million, subject to closing adjustments. The transaction, which is subject to regulatory …
