British Columbia Investment Management Corp. and Preservation Capital Partners are considering a sale of BMS Group that could value the insurance broker at more than £600 million ($720 million), people familiar with the matter said. The investment firms are working …
Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance products, announced the completion of the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of this transaction is another definitive step as Argo evolves …
AXA announced it has completed the sale of its Singapore operations to HSBC for US$529 million. HSBC Insurance (Asia Pacific) Holdings Ltd., an indirect wholly-owned subsidiary of HSBC Holdings plc, completed the acquisition of 100% of the issued share capital …
Broker World Insurance Associates reports it acquired J.K. Olivieri Insurance Agency, Inc. of Middleboro, Massachusetts, on December 1, 2021. Terms of the transaction were not disclosed. J.K. Olivieri Insurance Agency was founded in 1979 in Brockton by John K. Olivieri. …
Relation Insurance Services, a national insurance agency based in California, has acquired the assets of New York-based Ginsberg Agency, the company announced Thursday. Terms of the deal were not disclosed. Ginsberg specializes in commercial lines, particularly the construction industry, as …
American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120 million in cash at closing. California-based Verikai will continue …
Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. announced it has completed the acquisition from Hartford Financial Services of Navigators Holdings (Europe) NV and its subsidiaries, which include property/casualty insurer Assurances Continentales NV (known as ASCO), located in Belgium, and its …
Choice Financial Group announced acquired New Hampshire-based Bernier Insurance Agency, adding a presence in New England. Based in Rochester, New Hampshire, and led by President Troy Dillow, Bernier is a full-service insurance agency dedicated to offering a full suite of …
SiriusPoint Ltd., the Bermuda-based global specialty insurer and reinsurer, has announced a strategic investment in PolicyMe Corp., a digital life insurance provider specializing in Canadian individual term life insurance. PolicyMe aims to modernize and improve the process of buying life …
Vienna Insurance Group AG agreed to share ownership of its Hungarian operations with a state investment fund after months of negotiations, in order to salvage an 830 million-euro ($941 million) deal to buy regional assets from Aegon NV. The insurer …
