June 22, 2021
MILAN/PARIS/KUALA LUMPUR – Italy’s top insurer Generali has agreed to buy AXA’s insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence. The deals will turn Generali into the …
June 18, 2021
The enhanced ability to innovate is a principal motivator for Aon’s proposed acquisition of Aon and Willis Towers Watson. It’s a message that Aon CEO Greg Case has been emphasizing since the $30 billion deal was announced in March 2020. …
June 18, 2021
Bamboo Insurance has acquired certain of the assets of First American Property and Casualty Insurance Agency of Santa Ana, Calif. from parent company title insurer, First American Financial Corp., which is exiting the property/casualty business. The assets acquired by the …
June 17, 2021
Premier Insurance Consultants Ltd. is the latest brokerage to be snapped up by Aston Lark, the insurance broking consolidator backed by Goldman Sachs. This takes Aston Lark’s total number of acquisitions up to 15 so far in 2021. Established in …
June 16, 2021
Aon’s proposed $30 billion acquisition of Willis Towers Watson has hit a major roadblock, with the U.S. Department of Justice suing to block the deal. The DOJ’s civil antitrust lawsuit argues that the merger, which would bring together two of …
June 16, 2021
Insurer USAA is buying Noblr, an insurtech digital insurer offering behavior-based auto insurance. USAA, a Texas-based insurer focused on members of the U.S. military and their families, said the acquisition will help make it more competitive by modernizing its offerings. …
June 16, 2021
Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency (MGA) and Lloyd’s broker serving insurance brokers and their clients across Canada. Terms of the transaction were not disclosed. Excess …
June 15, 2021
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has acquired the remaining shares of specialist Swiss broker Hesse & Partner AG and Hesse Consulting GmbH from the company’s founder Guido Hesse. Financial details of the transaction …
June 14, 2021
Intact Financial Corp. and Tryg A/S have entered into an agreement to sell Codan Forsikring A/S’s Danish business to Alm. Brand A/S Group for about 12.6 billion Danish kroner (approximately $2.52 billion) in cash. The agreement has been made with …
June 14, 2021
Aston Lark Ireland, the Dublin-based insurance broker, continues its growth acceleration by announcing the acquisition of McMahon Galvin Ltd. Financial terms of the deal were not disclosed. Based in Dublin, McMahon Galvin was founded in 1970 and has built a …