Truist Insurance Holdings and its wholesale insurance subsidiary CRC Group have closed on the acquisition of Constellation Affiliated Partners, an insurance distribution platform operating seven managing general agents (MGAs) and program managers. The transaction, first announced in May, will add …
Bermuda-based Arch Capital Group Ltd., along with investment partners Kelso & Company and Warburg Pincus, announced the completion of the previously disclosed acquisition of Watford Holdings Ltd. Watford and Arch originally announced the signing of a definitive merger agreement on …
Gallagher announced the acquisition of Edelweiss Gallagher Insurance Brokers Ltd. (EGIBL) from Edelweiss Group, one of India’s leading diversified financial services firms. Gallagher previously held 30% in the business and is now acquiring all the remaining shares. Details of the …
Insurance technology provider Zywave has acquired Spokane, Wash.-based IBQ Systems, which offers personal and commercial lines comparative rating. No terms of the deal were disclosed. The acquisition expands Zywave’s inventory of carriers and its existing cloud-based personal lines comparative rater, …
DARAG Group, the Malta-based legacy acquisition company, announced the formal completion of the sale of its active Italian insurance business from DARAG Italia S.p.A to Nobis Compagnia di Assicurazioni. Financial details of the deal were not disclosed. The sale of …
Covéa, the French non-life mutual, is interested in acquiring AXA XL’s reinsurance business, AXA Re, in a deal that could be valued at €5 billion, according to press reports. The news story, which originally appeared in Bloomberg, “is credible,” according …
NN Group NV offered to acquire part of MetLife Inc.’s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets. The Dutch insurer said in a statement Sunday that it …
Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced it plans to acquire Somerset Bridge Group Ltd., Southern Rock Holdings Ltd. and Somerset affiliates, subject to regulatory approval. The proposed acquisition will include Somerset’s motor managing general agent, …
Swiss Re announced the sell of a 6.6% stake in Phoenix Group Holdings plc for £437 million ($608 million). After the sale, which is expected to close on June 25, Swiss Re will still retain another 6.6% stake in Phoenix, …
Accenture has invested in Imburse, a cloud-based, payments-as-a-service enterprise platform that simplifies the way businesses access the global payments ecosystem. Financial details of the investment, which was made via Accenture Ventures, were not disclosed. Founded in Zurich, Switzerland in 2018, …
