UK broker Ardonagh Group announced it has agreed to acquire Portuguese broker MDS Group. Headquartered in Porto, MDS has offices in Brazil, where it is the country’s largest independent broker, as well as Angola, Mozambique, Spain, and Malta. It is …
Insurance broker Marsh announced that it has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%. Marsh said the enhanced investment will enable it to more effectively meet the increasingly complex needs of companies across …
Butler & Messier Insurance recently acquired two Cranston, Rhode Island, insurance agencies to add to its expanding statewide footprint. Effective October 1, 2021, Butler & Messier successfully closed on the final purchase of the Alpine Insurance Agency. Additionally, on December …
The Hilb Group acquired Charles Newman Co. Insurance and Employee Benefits to its portfolio, adding to The Hilb Group’s growing presence in the New York metropolitan area. The transaction became effective December 1, 2021. Based in Peekskill, New York, Charles …
OSLO/COPENHAGEN – Insurer Storebrand has agreed to buy the Norwegian unit of Danish pension provider Danica from Danske Bank, the companies said on Monday. Norway’s Storebrand will pay 2.01 billion Norwegian crowns ($221.4 million) for Danica Pensjonsforsikring AS, the sixth-largest …
Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance, announced an agreement to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd. and its subsidiaries, to Riverstone Holdings Ltd. (part of the RiverStone International group), an acquirer and …
The Hilb Group brought PSA Insurance & Financial Services into its portfolio, further strengthening its presence in the Mid-Atlantic region as well as building on its range of employee benefits, commercial and personal insurance products and services. The transaction became …
Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital capabilities. Financial details of the transaction were not disclosed. AlphaChat is one of the …
Fairfax Financial Holdings Ltd. announced the completion of the previously announced sale of a minority stake in Fairfax’s subsidiary, Odyssey Group Holdings for an aggregate cash price of US$900 million. An affiliate of CPPIB Credit Investments Inc., a wholly-owned subsidiary …
Credible, a digital lending marketplace, acquired Young Alfred, a digital insurance marketplace. Credible provides consumers with personalized and prequalified rate options when shopping for student loans, personal loans and mortgages. This acquisition will now give Credible users the same experience …
