October 23, 2018
Generali has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100 percent stake in the Polish asset management company Union Investment TFI S.A. Financial details of the acquisition were not revealed. The …
October 22, 2018
USI Insurance Services (USI), a provider of insurance brokerage and risk management services, has acquired Philadelphia, Penn.-based Beneficial Insurance Services, a wholly owned subsidiary of Beneficial Bancorp Inc. Founded in 2005, the insurance brokerage provides commercial property and casualty, personal …
October 22, 2018
Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd. AG is an independent London market re/insurance broker specializing in multiple lines of business, said Miller, noting that …
October 18, 2018
Global insurance broker, risk management services and consulting firm Gallagher announces the acquisition of Portmore Insurance Brokers Ltd. and Portmore Insurance Brokers (Wiltshire) Ltd. in the UK. Terms of the transaction were not disclosed. Based in Southampton, England, Portmore was …
October 16, 2018
The Hilb Group LLC has acquired Massachusetts-based DBR Group Inc. The transaction became effective October 1, 2018. Founded in 2004, DBR is an employee benefit and actuarial consulting firm providing a range of benefits consulting and brokerage services to organizations …
October 16, 2018
SASCO Insurance Services of Hackettstown, N.J., has recently merged with Otterstedt Insurance Agency Inc., headquartered in Englewood Cliffs, N.J. SASCO Insurance has been providing customized insurance coverage plans for commercial and personal lines clients since 1984. Otterstedt has served a …
October 12, 2018
EPIC Insurance Brokers & Consultants, a national retail insurance brokerage and employee benefits consulting firm, has acquired the assets, employees and operations of Total Management Corporation (TMC). Based in Melville, N.Y., with a second office in Manhattan, TMC has created …
October 11, 2018
Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity capital raise and concluded its shareholder restructuring after receiving regulatory approvals. As a result of this transaction, Apollo Global Management …
October 11, 2018
Sanlam Ltd., Africa’s largest insurer by market value, said it fulfilled all the conditions for the $1.1 billion purchase of the shares it doesn’t already own in Morocco’s Saham Finances SA after regulators approved the deal. The Cape Town-firm’s biggest …
October 8, 2018
MLMIC Insurance Company, formerly known as Medical Liability Mutual Insurance Company, has completed its conversion from a property and casualty mutual insurance company to a property and casualty stock insurance company and its acquisition by National Indemnity Company, a subsidiary …