Abu Dhabi Investment Authority has acquired a stake in Ardonagh Group in a transaction valuing the U.K. insurance broker at $7.5 billion. The sovereign fund joined as a new investor in Ardonagh alongside several other large global institutions, Ardonagh said …
KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.’s general insurance unit for about 18 billion rupees ($237 million), according to people familiar with the matter, as the Indian financial group embarks on …
Confie, a U.S. independent personal lines distributor, will acquire Velox Insurance as an affiliate to its nonstandard national brand, Freeway Insurance. The acquisition includes all 40 locations in Georgia, tripling Confie’s presence in the state, as well as two Florida …
World Insurance Associates LLC (WIA) acquired E&K Insurance Group of Eatontown, New Jersey, on December 1, 2021. Terms of the transaction were not disclosed. E&K was founded in 1930 by two entrepreneurs who established E & K Insurance Group in …
SIB Corp., operating as StoneRidge Insurance Brokers (SIB), the Canadian provider of insurance and consulting services, has acquired John Stark & Co. (Stark), to expand its personal, commercial and life insurance offerings. Founded in 1870, with offices in Barrie and …
Ryan Specialty Group, an international specialty insurance firm, has signed an agreement to acquire certain assets of Keystone Risk Partners LLC based in Media, Pennsylvania. Terms of the transaction were not disclosed. Keystone Risk Partners was founded in 2002, and …
Insurance agency Brown & Brown of Florida, Inc. has acquired substantially all of the assets of Corporate Insurance Advisors. J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark R. Schwartz, the principal of Corporate Insurance Advisors, …
British mutual life insurer LV= on Friday abandoned a proposed 530 million pound ($701 million) takeover by private equity giant Bain Capital after it lost a member vote, and rival Royal London put forward an alternative proposal for the insurer. …
Swiss Re announced it has agreed to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife’s in-force and new business. Financial details of the transaction were …
Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired full-service insurance and employee benefits agency Meeker Sharkey & Hurley. Terms of the deal were not announced. Meeker Sharkey & Hurley provides consultative risk management and insurance services …
