LONDON— Willis Towers Watson has around $5 billion of capital which could used for acquisitions, its president and incoming chief executive said on Thursday, as the insurance broker prepares for a future as a standalone company. Aon Plc, the world’s …
Global insurance broker Aon said it has increased its stake in Aon India Insurance Brokers Pvt Ltd. from 49 percent to 100 percent, acquiring the remaining share from Catamaran Ventures. Aon acquired a 49% stake from Catamaran Ventures in the …
Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, announced it has acquired Usay Group Ltd., one of the largest consumer personal medical insurance and protection insurance brokers in the UK. Financial terms of the deal were not disclosed. …
Bermuda-based Arch Capital Group Ltd. has completed its acquisition of Australia’s Westpac Lenders Mortgage Insurance Limited (WLMI), With the transaction complete, Arch said it will combine the operations of WLMI with its existing Australian LMI company, Arch LMI Pty Ltd. …
Private equity and venture capital firms have been pouring capital into insurance companies despite the uncertainties about claims and losses from the pandemic, according to a new analysis from S&P Global Market Intelligence. PE-backed M&A in the sector globally reached …
Insurance technology firm Guidewire Software said it has acquired HazardHub, an insurtech provider of property risk data to the property/casualty insurance industry for underwriting, marketing and claims. HazardHub’s data is delivered in a national catalog of risks that may damage …
Berkshire Hills Bancorp Inc. and Brown & Brown Inc. announced the execution of a definitive agreement for the sale of the assets and operations of Berkshire Insurance Group, Inc. (BIG), a subsidiary of Berkshire Hills, to Brown & Brown of …
Hub International Ltd., the Chicago-based insurance broker, announced that it has signed a purchase agreement to acquire the assets of National Home Warranty Group Inc., a wholly owned subsidiary of Aviva Canada Inc. Terms of the agreement were not disclosed. …
CVC Capital Partners (CVC), the Luxembourg-headquartered private equity firm, announced the completion of its acquisition of RiverStone Europe from Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees. The purchase price of the acquisition is approximately …
Alera Group, an independent, national insurance and wealth management firm, acquired Related Risk, a third-party administrator (TPA) that helps insurance companies and employers generate new premiums and profits by accelerating product speed-to-market while ensuring compliance with emerging and evolving statutory …
