2020 M&A News

World Insurance Associates Acquires New York’s Paul Global Benefits

World Insurance Associates LLC (WIA) has acquired Paul Global Benefits Inc. (PGB) of Syosset, N.Y., on September 1, 2020. Terms of the transaction were not disclosed. PGB is an employee benefits consulting firm specializing in health/welfare and retirement services in …

Hub International Buys Canadian Benefits Consultancy Firm, Clearpoint

Hub International Ltd., a Chicago-based global insurance broker, announced it has acquired Canadian benefits firm, Clearpoint, which comprises Clearpoint Advisory Group Inc., Clearpoint Retirement Solutions Inc. and Canwest Group Benefits Inc. Terms of the transaction were not disclosed. Located in …

Legacy Reinsurer Premia Agrees to Buy Navigators Holdings (Europe) from The Hartford

Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. has agreed to acquire Navigators Holdings (Europe) NV and its associated companies from The Hartford. Navigators’ associated companies are collectively referred to as ASCO and include Assurances Continentales – Continentale Verzekeringen NV of …

Enstar Offers to Purchase Watford Holdings for $620 Million

Enstar Group Ltd. has made a 100% cash offer to purchase Watford Holdings Ltd.for $31.00 per ordinary share, which amounts to $620 million. The Enstar offer is higher than another offer received recently from Arch Capital Group and a group …

Worldwide Facilities Acquires New Jersey’s Hunt Jorgensen

Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Hunt Jorgensen LLC, a managing general underwriter specializing in professional liability insurance and related risk management services. Hunt Jorgensen LLC is headquartered in Maywood, …

Westland Insurance Acquires 2 Brokerage Firms in Alberta, Canada

Westland Insurance Group Ltd. announced it has acquired two brokers, based in Alberta, Canada, effective October 1, 2020. Ironside Insurance Brokers is a family-owned brokerage located in Carstairs, Alberta. Its professional insurance advisors are experts in residential, auto, life, travel, …

UK Insurer LV= in Exclusive Talks with Bain Capital About Possible Deal

UK insurance company Liverpool Victoria said it’s in exclusive talks with Bain Capital LP over a potential deal. The company, known as LV=, began a strategic review in June that included the possibility of a full or partial sale. “Discussions …

Business Continuity Firm Agility Recovery Acquires Chicago’s Recovery Solutions

Agility Recovery, a Denver-based provider of business continuity services for banking and insurance companies, has acquired Chicago, Illinois-based Recovery Solutions. Recovery Solutions delivers audit-ready and Federal Financial Institutions Examination Council compliant business continuity services that help companies protect their people, …

UK MGA Manchester Underwriting Mgmt Buys Renewal Rights of Pinpoint Underwriting

Manchester Underwriting Management Ltd. (MUM) has acquired the portfolio renewal rights of Pinpoint Underwriting. The underwriting team at Pinpoint will be joining MUM with immediate effect. Pinpoint is a well-established MGA, specializing in writing UK professional indemnity. Pinpoint is headed …

White Mountains to Buy 72% Stake in Lloyd’s Insurer Ark for Growth in Hardening Market

White Mountains Insurance Group, Ltd. announced it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd., the parent company of Ark Syndicate Management Ltd. With its leading …