Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired Trilogy Group Benefits LLC, effective February 28, 2020. Trilogy joins Alera Group through local firm AIA, Alera Group. The Trilogy team will continue …
Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand from FWD Group Ltd. in a 24.5 billion baht ($753 million) deal. Prudential’s Thai unit will buy the exclusive rights …
European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of agreed deals. Among the biggest is the London Stock Exchange’s proposed acquisition …
Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both prospective and retrospective casualty reinsurance sourced through select reinsurance intermediaries. …
Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance executives surveyed by Deloitte still expect to complete an M&A transaction in the next two years. Insurance carriers still view …
Mercier and Kosinski Insurance Inc. (MKI) has joined the Thompson Insurance Group to provide its customers with greater access to insurance companies, improved technology and additional insurance services. As a fourth-generation, family owned insurance agency, MKI has served the insurance …
The Hilb Group LLC (THG) has acquired Massachusetts-based LifePlus Insurance Agency Inc. (LPINS). The transaction became effective March 1, 2020. Established in 2004, LPINS is a full-service ancillary benefits agency, primarily providing insurance for group life, worksite, dental and workers’ …
World Insurance Associates LLC (WIA) acquired Lewis-Chester Associates Inc. of Summit, N.J., on February 1, 2020. Terms of the transaction were not disclosed. Founded in 1947, Lewis-Chester Associates Inc. is a full service, independent insurance agency providing insurance, benefits and …
There are several talking points that are evident about the planned merger of broking giants Aon and Willis Towers Watson. First, it’s not about getting bigger; it’s about getting better. And, second, it’s about addressing unmet client needs. But it …
State Farm is getting out of the banking business. The property/casualty insurer said it has formed a strategic alliance with U.S. Bank, allowing it to assume State Farm Bank’s existing deposit and credit card accounts. As part of the deal, …
