August 2, 2019
Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett Services Inc., has acquired Fullerton Health Corporate Services from Fullerton Health Australia, which is part of Singapore-based Fullerton Healthcare Group. Terms of the transaction were not …
August 1, 2019
The Hilb Group LLC (THG) has acquired Massachusetts-based Handy-Apple Valley LLC (HAV). The transaction became effective July 1, 2019. Located in Worcester, Mass., HAV provides personal and commercial insurance. As a part of the transaction, HAV will join THG’s New …
July 31, 2019
Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Ltd. from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The acquisition includes Barbican Managing Agency Ltd., Lloyd’s Syndicate …
July 31, 2019
The Hilb Group LLC (THG) has acquired Rhode Island-based Damiano Agency (DA). The transaction became effective July 1, 2019. For more than 30 years, DA has been delivering property and casualty insurance for businesses and individuals in the Rhode Island …
July 29, 2019
Arthur J. Gallagher & Co. has acquired Rockville, Md.-based The Novick Group Inc. Founded in 1987, The Novick Group is a retail property and casualty broker focused on providing insurance products and services to nonprofits and association clients throughout the …
July 29, 2019
Independent specialty managing general agent Nexus Group has acquired Plus Risk Ltd. (PRL), a London-based financial and professional lines MGA, providing management liability and niche professional indemnity insurance. Founded in 2017, PRL’s underwriting team is comprised of James Rasmussen and …
July 26, 2019
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has added to its employee benefits practice with the acquisition of Gerard B. Tracy Associates Inc. Based in Fairfield, Conn., Gerard B. Tracy Associates Inc. was founded in …
July 26, 2019
The Charles Schwab Corp. has agreed to acquire assets of USAA’s investment management company, including brokerage and managed portfolio accounts, for $1.8 billion in cash. The companies have also agreed to enter into a long-term referral agreement that will make …
July 25, 2019
HDI Global Specialty SE has strengthened its position in Sweden with the acquisition of alternative specialty lines managing general agent, Svedea AB. Svedea is one of the three largest insurers of yachts, motorcycles and snowmobiles in the Swedish market, with …
July 24, 2019
Alera Group, a national independent insurance agency based in Deerfield, Ill., has acquired Landmark Benefits Inc., effective July 1, 2019. Landmark, located in Windham, N.H., is an employee benefits broker providing insurance benefits, human resource consulting, compliance and wellness to …