Gramercy Risk Holdings LLC, a Uniondale, N.Y.-based insurance holding company, has acquired Executive Insurance Company, a New York-domiciled admitted insurance company. Following the acquisition, Executive will be renamed Gramercy Indemnity Company. Executive joins Gramercy Risk Management and Certus Claims Administration …
UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker. On April 1, Nexus acquired Capital Risks MGA …
Arch Insurance (UK) Ltd., part of Bermuda-based Arch Insurance International, has completed the acquisition of UK managing general agency Axiom Underwriting, having initially purchased a 60 percent share of the business in 2015. Financial details of the deal were not …
Hub International Ltd., the Chicago-based insurance broker, announced that it has acquired Del Fisher Insurance Inc. Terms of the transaction were not disclosed. Based in Calgary, Alberta, Canada, Del Fisher Insurance is an independent insurance broker providing personal and commercial …
Program specialist NSM Insurance Group has acquired Embrace Pet Insurance, a Cleveland-based national provider of pet health insurance for dogs and cats. No terms of the transaction were disclosed. Embrace offers an accident and illness insurance plan that is underwritten …
AssuredPartners Inc. has acquired Goodworks Financial Group of Glastonbury, Conn. Following the acquisition, Goodworks Financial Group’s team of 14 employees across multiple cities and offices in the Eastern region will remain under the operational leadership of Dennis Dressel and Paul …
Marsh & McLennan Cos. (MMC) completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT). “Today marks the beginning of a new era with Marsh & McLennan and JLT coming together. This is a combination of strength and …
Alera Group, a national insurance firm, has acquired Phalanx Healthcare Solutions LLC, effective March 1, 2019. Located in New York City, Phalanx is an insurance and reinsurance broker of medical malpractice insurance for healthcare facilities, large physician groups and individual …
Insurance Acquisition Corp., company sponsored by Cohen & Co. and formed for the purpose of acquiring or merging with insurance firms, completed an initial public offering that raised gross proceeds to the company of $150,650,000. Insurance Acquisition Corp. is a …
Arthur J. Gallagher & Co. has acquired Potomac Falls, Va.-based McLean Insurance Agency Inc. Established in 1971, McLean Insurance Agency offers retail property and casualty, life and employee benefit brokerage and consulting services to businesses and individuals throughout the Eastern …
