Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement to acquire Howden UK Group’s trade credit broking business, based in Birmingham, Glasgow, Manchester and Cardiff. Once the transaction is …
Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. Under the terms of the agreement unanimously approved by the boards of …
Hub International Ltd., a Chicago-based insurance brokerage, announced that it has acquired LSM Insurance Services Ltd. (LSM). Terms of the transaction were not disclosed. Headquartered in Markham, Ontario, Canada, LSM is a leading online provider of life and health insurance …
British insurer Aviva said on Friday it would pull out completely from Indonesia by selling its entire stake in joint venture PT Astra Aviva Life to its partner in the operation. “The transaction is expected to complete in Q4 2020 …
Tokio Marine HCC has agreed to snatch up GCube, a managing general agent with a focus on renewable energy risks. The deal is expected to close in the 2020 second quarter, pending the usual regulatory approval process and other customary …
H.W. Kaufman Group announced the closing of its acquisition of Barbican Protect Ltd., effective March 3. Barbican Protect, an MGA that specializes in commercial property, casualty, financial lines and marine across the United Kingdom, joins the Kaufman family of companies …
EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a very profitable thing for the Italian investment firm. EXOR bought the Bermuda-based reinsurer in March 2016 for $6.72 billion in …
Arthur J. Gallagher & Co. has acquired Melville, N.Y.-based CMS LLC. Terms of the transaction were not disclosed. Founded in 1996, CMS LLC is a full-service wholesale insurance broker working with agents across the U.S. The team specializes in placing …
Walsh Duffield, a fifth-generation, family owned insurance company, has partnered with OSEA Inc., a 30-year-old environmental, health, safety and security consulting firm, to provide risk management services to its commercial insurance clients. As part of the relationship, OSEA will provide …
World Insurance Associates LLC (WIA), a Tinton Falls, N.J.-based, full-service insurance brokerage, has signed an agreement to receive a majority investment from funds affiliated with Charlesbank Capital Partners, a middle-market private equity firm based in Boston and New York. The …
