World Insurance Associates LLC (WIA) has acquired McCue Captains Agency of Little Silver, New Jersey, on July 1, 2021. Terms of the transaction were not disclosed. McCue Captains Agency was founded in 1927 as a local independent insurance agent. They …
Burns & Wilcox Brokerage, a business unit of H.W. Kaufman Group solely dedicated to complex wholesale property/casualty brokerage, has opened its newest office in Boston, Massachusetts, and added five brokers to its growing Northeast team. Cooper O’Connor, Brian Sullivan and …
Hub International Limited (Hub), a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of Pete Webb Agency. Terms of the transaction were not disclosed. Owner Pete Webb was previously part of Nationwide Mutual Insurance Company’s …
Insurer Liberty Mutual reported that it will acquire State Auto Group, a super-regional insurance holding company headquartered in Columbus, Ohio. Under the terms of the agreement, State Auto mutual members will become mutual members of Liberty Mutual. Also, Liberty Mutual …
Applied Underwriters has acquired the U.S. Specialty Lines division of Generali Group including Generali Warranty Services, which offers extended warranty programs and contractual liability insurance services. Applied Underwriters said it will aggregate the specialty lines business into its newly-formed Applied …
Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of the Linkscover brand to further strengthen its sports and leisure expertise. Financial details of the transaction were not disclosed. Established in 2015 and based …
Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS, following a number of third party inquiries. DMGT said discussions are ongoing and there is no certainty that a transaction …
There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in 2020. According to OPTIS Partners’ M&A report, It was the highest recorded total for the first half of the year. …
Dutch insurer NN Group announced on Monday it has agreed to acquire MetLife’s business activities in Poland and Greece, for a total consideration of €584 million (US$692.8 million). The acquisition, which will almost double NN’s customer base in Poland and …
London-based broker Aston Lark continues with its buying spree with the purchase of ES Risks Ltd. Financial details of the acquisition were not disclosed. Established in 2007 and based in London, ES Risks is a 45-strong team of dedicated experts …
