June 1, 2020
K2 Insurance Services, the underwriting and distribution specialist in the U.S. program insurance market, announced the launch of K2 International, a specialty insurance and reinsurance underwriting platform, based in London. K2 International has been created through the acquisition of Pioneer …
May 29, 2020
K2 Insurance Services LLC, the specialty insurance services holding company, has completed the purchase of Pioneer Underwriters, the London-based managing general agency. The deal was facilitated with a portfolio transfer, whereby Pioneer’s ongoing underwriting portfolio, together with underwriting and support …
May 28, 2020
Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as much as 9 billion …
May 22, 2020
Brazilian reinsurer IRB Brasil Resseguros SA is in advanced negotiations to buy rivals’ portfolios in Brazil and elsewhere in Latin America as foreign competitors scale back in the region, two sources close to the company told Reuters. Any such acquisition …
May 20, 2020
The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa Insurance Group from its long-time owner, Topa Equities Ltd. While Altamont was …
May 20, 2020
Insurance broker NFP as acquired LFG Inc., which does business as Team Scotti). The transaction closed effective December 1, 2019. Team Scotti, based in Pittsburgh, Penn., and founded in 1987, is a national insurance broker offering insurance and employee benefit …
May 18, 2020
Hub International Limited, a global insurance brokerage, has acquired the assets of Lashua-LaChance & Poliks Insurance Agency Inc. Terms of the transaction were not disclosed. Located in Gardner, Mass., Lashua-LaChance is a locally owned, independent insurance agency that provides personal …
May 14, 2020
Renege on a deal with the Agnellis and you can expect to pay for it. Scion John Elkann has refused to renegotiate the Italian family’s $9 billion sale of its reinsurance business after the buyer, French mutual Covéa, sought to …
May 13, 2020
Global insurance broker Hub International Limited has acquired Vestas Financial Services Firm Inc. Located in Montreal, Quebec, Canada, Vestas is an independent firm providing commercial and personal insurance with a focus on various industries, in particular, construction and design professionals, …
May 12, 2020
French insurer Covéa has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor, the holding firm of Italy’s Agnelli family, saying it could no longer buy under the terms of their agreement. The …