2019 M&A News

The Hilb Group Acquires Vermont’s Jamieson Insurance Agency

The Hilb Group LLC (THG) has acquired Vermont-based Jamieson Insurance Agency Inc. (JIA). The transaction became effective July 1, 2019. JIA is a property and casualty agency primarily providing business, auto and home insurance to clients throughout Vermont. Agency Leader …

Sedgwick Signs Agreement to Acquire New Jersey’s York Risk Services Group

Sedgwick, a global provider of technology-enabled risk, benefits and integrated business products, has signed an agreement to acquire York Risk Services Group. York is a Jersey City, N.J.-headquartered provider of claims administration, managed care, specialized loss adjusting, pool administration and …

RiverStone Acquires New York’s Rockville Risk Management and ER Quinn Company

RiverStone has acquired Rockville Risk Management and ER Quinn Company (collectively, Rockville). Rockville is a New York-based, privately-owned third-party administrator and loss adjusting company that provides comprehensive claim services to insurers, syndicates, managing general agents, re-insurers and self-insureds. Following the …

SOBC DARAG Acquires Vermont’s Innovative Physicians Solutions RRG

SOBC DARAG has acquired Innovative Physicians Solutions RRG (IPS) in full, effective July 1, 2019, after receiving approval from the Vermont Department of Financial Services for the transaction. Mark Tabler, the current chief operating officer of IPS, will transfer to …

Sale of Applied Underwriters Still Under Review; Cayman Islands Insurer Likely Involved

It appears that the Berkshire Hathaway workers’ compensation unit Applied Underwriters is being sold in a large acquisition, which likely involves Cayman Islands-based United Insurance Co. A spokesman for the Applied confirmed that a deal is in the works, but …

Legacy Acquisition Firm Randall & Quilter to Buy Bermuda’s Sandell Holdings

Legacy acquisition specialist Randall & Quilter Investment Holdings Ltd. announced that its wholly owned subsidiary, Randall & Quilter II Holdings Ltd., has signed an agreement to acquire, subject to regulatory approval from the Bermuda Monetary Authority, the entire issued share …

Generali Is Front-Runner to Buy Portugal Insurer Tranquilidade: Sources

Assicurazioni Generali SpA has emerged as the front-runner to acquire Apollo Global Management’s Tranquilidade, the second-largest non-life insurer in Portugal, people familiar with the matter said. The Italian insurer offered the highest bid for the Portuguese company and is poised …

Arthur J. Gallagher to Acquire Minority Stake in Prague-Based Broker Renomia

Arthur J. Gallagher & Co. announced it has signed an agreement to purchase a minority stake in Prague-based Renomia. The deal is subject to regulatory approval and is expected to close in the third quarter of 2019. Financial details of …

World Insurance Associates Acquires New Jersey’s Links Insurance Services

World Insurance Associates LLC (WIA), an independent insurance agency headquartered in Tinton Falls, N.J., has acquired Links Insurance Services LLC of Wall, N.J., on June 13, 2019. Links Insurance Services LLC was established in October 2001. The agency seeks to …

Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture

Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the country. Aegon NV …