The $500 billion reinsurance industry is experiencing a flurry of deal talks. One reason: Companies are finally for sale as a rash of natural disasters has depressed valuations and a influx of competitors has made it harder to raise rates. …
Alera Group, a Deerfield, Ill.-based national employee benefits, property/casualty, risk management and wealth management firm, has acquired three East region firms, effective February 1, 2018. Aisling Partners Insurance Brokerage LLC, located in Worcester, Mass., is an independent employee benefits brokerage …
AmWINS Group, Inc., a global distributor of specialty insurance products and services, has completed the previously announced acquisition of Seacoast Brokers, LLC, and Trident Claims Management, LLC. Seacoast is a personal lines specialty MGA that offers surplus lines homeowners’ business …
Worley Claims Services, LLC, a provider of claims services in North America, has acquired Audit Services Incorporated (ASI), a claim estimate writing and review supplier for the property and auto insurance markets based in Atlanta. Financial terms of the transaction …
Allianz announced it has entered into an agreement with Janashakthi Insurance PLC (JINS) to acquire 100 of its subsidiary Janashakthi General Insurance Ltd. (JGIL) for LKR 16.4 billion (€85.9 million, or approximately US$106.3 million). The transaction is subject to regulatory …
Run-off specialist Armour Group Ltd. has led a group of investors to acquire Gibraltar-based Elite Insurance Co. Ltd. (EIC) and its affiliate Elite Business Development Ltd. (EBD). The financial details of the transaction were not disclosed. Collectively, EIC & EBD …
Private equity firm Preservation Capital Partners has completed its acquisition of Ascent Underwriting, the London-based cyber and specialty lines MGA, after obtaining UK regulatory approval. Ascent’s management team will retain a significant shareholding in the company and will continue to …
InsuranceHub, a technology-driven insurance agency with more than 15,000 clients nationwide, has acquired Insley Insurance of Dacula, Ga. The acquisition became official in January 2018. Insley Insurance was founded by Kristina Insley and Yvonne Sliger in 2014 and works with …
Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus on its remaining P/C businesses. The Boston-based global insurer said it will sell its life insurance arm – Liberty Life …
Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer Validus Holdings Ltd., its largest standalone acquisition in 17 years. …
