NFP, an insurance broker and consultant that provides property/casualty, corporate benefits, retirement and individual solutions, has acquired Schuster Driscoll LLC, d/b/a The Schuster Group, and its nonprofit membership platform, TANGO Administrative and Management Services LLC (together, TSG). The transaction closed …
Huron Capital Partners LLC, a lower middle-market private equity platform, has announced that its full-service insurance brokerage platform, High Street Insurance Partners (HSIP), has acquired Hartzell Insurance Associates, NYAB Insurance and Perry & Carroll Insurance. HSIP, formed in August 2018 …
Bermuda-headquartered Watford Holdings Ltd. has completed the purchase of Axeria IARD, a French property and casualty insurance company. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group. Financial details of the deal were not …
Hub International Ltd., a Chicago-based insurance broker, announced that it has acquired Wessex Financial Inc. in Canada. Terms of the transaction were not disclosed. Located in Calgary, Alberta, Canada, Wessex Financial is an independent employee benefits, life and living benefits …
Zurich Insurance and Farmers Exchanges have closed on buying MetLife’s U.S. property/casualty business for $3.94 billion. The business acquired includes 2.4 million MetLife Auto & Home policies, $3.6 billion of net written premiums (2019) and 3,500 employees, according to Zurich. …
World Insurance Associates LLC (WIA) has acquired Lawrence & Brownlee Agency (LB Insurance) of and John Roberts Insurance Agency (JRIA), both of Anderson, South Carolina, on April 1, 2021. Terms of the transaction were not disclosed. LB Insurance was established …
Arthur J. Gallagher & Co. announced the acquisition of Norway-based Parisco AS. Terms of the transaction were not disclosed. Founded in 2001, Parisco is a marine and energy broker, serving contractors, offshore service vessels, exploration and production, shipping, passenger vessels …
London-based broker the Ardonagh Group announced the launch of Ardonagh Global Partners (AGP), a unit focused on international mergers and acquisitions. The company also announced its first acquisition in the United States, AccuRisk Solutions, following on the heels of recent …
The Hilb Group LLC (THG) has acquired Connecticut-based Andrews Benefits LLC (AB). The transaction became effective on February 15, 2021. AB is an employee benefits agency providing strategies and long-term solutions for clients in a variety of industries. As part …
Insurance carrier mergers and acquisitions could reach historic levels in 2021 based on early indications from a robust first quarter, according to a new Standard & Poor’s report. U.S. and/or Bermuda based acquirers or acquisition targets achieved an aggregate deal …
