Zurich Insurance Group said it has completed the acquisition of the life insurance businesses of Australia & New Zealand Banking Group Ltd. (ANZ), becoming a major life insurer for retail customers in the Australian market. The A$2.85 billion (US$2 billion) …
Arthur J. Gallagher & Co. today announced the acquisition of Liverpool, New South Wales-based The Protectors Insurance Brokers Pty Ltd and Regent Insurance Brokers Pty Ltd., collectively referred to as The Protectors Group (TPG). Terms of the transaction were not …
The Hilb Group LLC (THG) has acquired New England-based 360 Corporate Benefit Advisors (360CBA). The transaction became effective May 1, 2019. With offices in Fairfield, Conn., and Wayland, Mass., 360CBA is an employee benefits consulting firm providing insurance brokerage, administration …
French reinsurer SCOR said it had agreed to buy 100% of Coriolis Capital, an asset manager specialized ininsurance-linked securities, for an undisclosed amount. Coriolis Capital invests mainly in natural disaster bonds, options, collateralized reinsurance and climate derivatives. SCOR said the …
Arthur J. Gallagher & Co. has acquired Parsippany, N.J.-based RPA Insurance Services LLC and Innovative Coverage Concepts LLC. RPA Insurance Services is a provider of insurance and risk management services to the restaurant and hospitality industries. It operates from offices …
Arthur J. Gallagher & Co. announced it has purchased a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a wholly owned subsidiary of Edelweiss Group, the Indian diversified financial services conglomerate. The deal is subject to approval by the Insurance …
MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk modeling. The investment sees MS Amlin take a minority strategic stake …
Tangram Insurance Services Inc., a managing general underwriter and program manager, has purchased the assets of Langhorne, Penn.-based managing general agent, GMG Underwriters (GMGU). The transaction became effective May 1, 2019. Matt Smerkanich, former owner and president of GMGU, has …
Rolling Meadows, Ill.-based Arthur J. Gallagher & Co. announced the acquisition of Swiss insurance broker Verbag Versicherungsberatungs AG. Terms of the transaction were not disclosed. Based in Zug, Switzerland, Verbag offers commercial lines, employee benefits, accident & health and high-net-worth …
Alera Group, a national independent insurance agency, has acquired ARMS Insurance Group, effective May 1, 2019. ARMS, a general agency headquartered in Bethel Park, Penn., has served insurance brokers throughout western Pennsylvania and the surrounding states for more than 25 …
