Insurance and benefits claims firm Sedgwick said it has completed its purchase of York Risk Services Group, which offers claims administration, managed care and loss adjusting services. The acquisition plan was first announced in July. The purchase marks Sedgwick’s third …
Canadian insurer The Co-operators has purchased the Saint Jérôme, Quebec-headquartered broker, Cadieux Beausejour Dupras Inc. Financial details of the deal were not disclosed. The brokerage’s portfolio includes personal and commercial insurance policies. Any existing insurance coverage will remain in effect …
Canadian broker Westland Insurance Group Ltd. announced the acquisition of First West Insurance Services, a subsidiary of First West Credit Union, effective Sept. 30, 2019. Financial details of the transaction were not released. First West Insurance Services provides personal, auto …
Allianz has agreed to acquire automobile and other property/casualty insurance operations from Brazil’s SulAmérica for BRL 3 billion (667 million euros). Allianz said the acquisition will strengthen its competitive position in Brazil, making it one of the top three insurers …
Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire the assets and operations of The Suitelife, a program manager specializing in boutique hotels, premier and full service hotels, hotel management companies, condo hotels and resorts from Venture …
Hamilton Insurance Group said it has completed its acquisition of Liberty Mutual’s Pembroke Managing Agency at Lloyd’s and its Ironshore Europe DAC business. The acquisition, first announced in mid-March, will double the premium volume and size of Hamilton, a Bermuda-based …
JenCap Holdings, a consolidator of specialty insurance businesses backed by The Carlyle Group, has agreed to acquire privately-held Aran Insurance Services Group, a specialty program administrator with offices in Arizona, Colorado, Massachusetts and New York. The acquisition of Aran is …
The Hilb Group LLC (THG) has acquired Tennessee-based Mackie Financial Group LLC (MFG). The transaction became effective August 1, 2019. MFG is a full-service agency primarily providing insurance for employee benefits, Medicare Supplemental/Advantage, individual life and annuities. As part of …
Arch Insurance North America has agreed to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventis, founded in 2016, has 30 employees and …
Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Yozell. Founded in 1960 by Peter Yozell, Yozell Associates strives to provide its customers with value in group employee and executive benefits products and services. Following …
