Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day will become part of R-T Specialty …
Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired New York City-based Prosurance Redeker Group LTD., a specialty brokerage serving architects and engineers. Terms of the deal were not disclosed. Formed in 1991 …
AXA announced it had entered into an agreement with Mr. Elkhan Garibli to sell all AXA’s insurance operations in Azerbaijan. Under the terms of the agreement, Garibli would acquire 100% of the non-life entity (AXA MBask Insurance Company OJSC). The …
Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Purchase, N.Y.-based yourPFO Consulting LLC (yourPFO). yourPFO represents many large company clients in the design and implementation of …
The Hartford has agreed to acquire Foremost Insurance branded small commercial lines business from Farmers. The Hartford is acquiring the renewal rights on $200 million in small commercial lines premium sold through about 5,000 independent agents and brokers. The business …
A wholly owned subsidiary of Prudential Financial Inc. (PFI) has signed definitive agreements to purchase a 13.1 percent stake in Peak Reinsurance Holdings Ltd., the sole shareholder of Hong Kong-based Peak Reinsurance Co. Ltd. Prior to the transaction, Fosun International …
Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Apsley Specialty Ltd., a registered Lloyd’s coverholder. Financial details of the transaction were not disclosed. Established in 2012, Apsley Specialty is a London-based specialist directors & …
Ryan Specialty Group LLC (RSG) announced it has reached a definitive agreement to acquire London-based Lodestar Marine Ltd., an MGA in the protection & indemnity (P&I) fixed premium marine market, from Tawa Associates Ltd.* Lodestar’s operations will become part of …
Hub International Limited (Hub), a Chicago-based insurance broker, announced it has acquired the shares of Canadian broker Kindersley Insurance Ltd. Terms of the acquisition were not disclosed. Headquartered in Kindersley, Saskatchewan, with an office in Dodsland, Kindersley Insurance Ltd. is …
Sompo International said it has agreed to buy an Italian agriculture insurer in a bid to broaden the reach of a new, recently launched global technology platform focused on the sector. The Bermuda-based specialty property/casualty insurer and reinsurer expects to …
