AMSTERDAM – Goldman Sachs said on Thursday it will buy Dutch insurer NN Group’s asset management arm for around 1.7 billion euros ($1.98 billion) in the biggest acquisition by the U.S. company since David Solomon became chief executive in 2018. …
Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech startup Smallcase Technologies Pvt. The Bangalore-headquartered startup said the round was led by Faering Capital Pvt and also joined by …
Continuing its rapid pace of expansion, Aston Lark Ireland announced the acquisition of A.R. Brassington & Co. Ltd., a subsidiary of the ARB Group. Established in 1929 and based in Dublin, Brassington Insurance is one of Ireland’s oldest insurance brokerages, …
Occam Underwriting, the London-based specialist lines managing general agency, announced that Hudson Structured Capital Management (HSCM) has recently acquired a majority stake in the company. HSCM, an asset manager specializing in the re/insurance and transportation sectors, has also made a …
HSBC Holdings Plc agreed to buy AXA Singapore for $575 million in a push to build a global wealth hub in Singapore and fuel its expansion across Southeast Asia amid increasing tension in China. The acquisition will give HSBC the …
The European Commission has granted competition law clearance for Vienna Insurance Group’s proposed acquisition of Aegon’s businesses in Central and Eastern Europe, according to the insurer. The acquisition by Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) was first announced …
Community Bank System Inc. acquired the assets of the New England-based Thomas Gregory Associates Insurance Brokers Inc. (TGA), a property/casualty broker specializing in the food and agribusiness industries. TGA’s assets were acquired by OneGroup, NY Inc., a wholly-owned subsidiary of …
The Liberty Company Insurance Brokers entered into a new partnership with The Budde Agency of Amityville, New York. Founded in 1936, The Budde Agency is led by Richard Budde and Daniel Waldeck and provides personal and business insurance products and …
London-based DUAL, the underwriting arm of Howden Group Holdings, has agreed to acquire Align Financial Holdings, a specialist general agency and underwriting management group in California. San Diego-based Align underwrites more than $630 million gross written premium on an annualized …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a majority stake in Turkish specialty broker Brokers’ House (BH Sigorta ve Reasürans Brokerligi A.S.). Terms of the transaction were not disclosed. Based in Istanbul, Brokers’ …
