Hub International Limited, a global insurance brokerage, has announced that its affiliate, Hub International Northeast Limited, acquired the assets of The B&G Group Inc. Terms of the transaction were not disclosed. Located in Plainview, N.Y., The B&G Group provides commercial …
DUAL, the underwriting arm of Hyperion Insurance Group, announced the acquisition of a controlling interest in New Zealand specialty underwriting agency International Underwriting Agencies (IUA). “This is an excellent strategic acquisition for DUAL, bringing together NZ’s largest Lloyd’s coverholders with …
IMA Financial Group, a national insurance brokerage firm specializing in property and casualty insurance, employee benefits and surety bonds, has completed its acquisition of ESS NexTier Insurance Group, a similarly structured practice with four offices throughout Pennsylvania. The acquisition expands …
OneAdvent, a London-based managing general agent (MGA) platform, announced the acquisition of Modus Underwriting Ltd., a digital-first MGA focused on providing niche property insurance products to brokers across the UK. Modus was purchased from CFC Underwriting for an undisclosed amount. …
HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner’s 50% stake to own fully the company under the new rules on foreign ownership that came into effect in January. The …
World Insurance Associates LLC (WIA) has acquired Martin & Rowland Insurance Inc. of Prospect, Conn., on April 1, 2020. Terms of the transaction were not disclosed. Established in 1845, Martin & Rowland Insurance Inc. is a full-service, independent insurance agency. …
Pioneer Underwriters, the managing general agency, and K2 Insurance Services LLC, the specialty insurance services holding company, announced they have signed terms for a portfolio transfer, to facilitate K2’s purchase of Pioneer. Under the transaction, Pioneer’s ongoing underwriting portfolio, together …
NFP Corp., the New York City-based insurance broker and consultant, announced the acquisition of Johnson Fleming Group Ltd. and Johnson Fleming Future Life Planning Ltd. (together, Johnson Fleming). The transaction closed on Jan. 17, 2020 for an undisclosed sum. Johnson …
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired Georgetown Insurance Service Inc., effective March 1, 2020. The Georgetown Insurance team will continue serving clients in their current roles following the acquisition. …
Howden Broking Group, the London-based independent specialty broker, announced it has acquired Matrix Insurance and Reinsurance Brokers in Greece. Financial details of the deal were not disclosed. Founded in 2003 and headquartered in Athens, independent broker Matrix became a broker …
