May 2, 2023
BMS Group, the London-based independent specialist re/insurance broker, has acquired the Australian managing general agent GARD Insurance Pty Ltd., which includes ALE underwriting. The terms of the transaction have not been disclosed. GARD was founded in 2015 and provides public …
April 27, 2023
Verisk, a leading global data analytics and technology provider, has acquired Krug Sachverstรคndigen GmbH, a Germany-based motor claims solutions provider. The acquisition expands Verisk’s claims and casualty offerings across Europe. Financial details of the deal were not disclosed. Founded in …
April 24, 2023
Toronto-based Fairfax Financial Holdings Ltd.’s ratings are unaffected following last week’s announcement it has entered into a definitive agreement to acquire an additional 46.32% of Gulf Insurance Group (GIG) from Kuwait Projects Co. (KIPCO), according to DBRS Morningstar, which has …
April 21, 2023
INSHUR, a global on-demand insurance provider, has acquired American Business Insurance Services in order to expand its operations across the U.S. The company also reported that it completed a capital raise of $26 million, which was supported by existing investors …
April 21, 2023
Argo Group International Holdings Ltd. announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. to acquire Argo in an all-cash transaction valued at approximately $1.1 billion. The merger remains subject to other customary closing conditions, including …
April 20, 2023
BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have not been disclosed. WUFS was founded in 2002 and offers …
April 14, 2023
Global insurance broker Hub International Limited reports it has acquired the assets of Weiss-Schantz Agency in Pennsylvania. Located in Lehigh Valley and serving eastern Pennsylvania, Weiss Schantz is an independent insurance agency that serves commercial and municipal insurance clients Tim …
April 13, 2023
The Clear Group, the London-based independent broker, announced the acquisition of Irish commercial broker McAuliffe Barry & Collins Ltd., which trades as MBC Insurance and Techinsure.ie. Clear has acquired 100% of MBC Insurance. Financial details of the deal were not …
April 13, 2023
Insurance broker World Insurance Associates reports that it has acquired the business of Thomas J. Woods Insurance Agency, Inc. of Worcester, Massachusetts. TJ Woods was founded in 1949, and is a property/casualty agency, providing personal and business insurance. Terms of …
April 12, 2023
NFP, a New York City-based property/casualty broker, announced it has acquired Gravity Risk Services Ltd., an insurance broker based in the West Midlands, England. Financial terms of the deal were not disclosed. NFP will integrate Gravity’s risk services into its …