September 28, 2023
United Insurance Brokers (UIB), the London-based international re/insurance broker, has announced an agreement to create two new companies in Peru, expanding the UIB Group footprint in South America. UIB has taken an equity stake in the two Peruvian brokers. Financial …
September 27, 2023
Hiscox Ltd., the Bermuda-headquartered specialist insurer, announced it has entered into an agreement to sell DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings Ltd., the parent of the Roojai group of companies. The transaction is …
September 26, 2023
Ares Management Corp. is providing a direct-lending package of about £1 billion ($1.2 billion) to support the merger of two personal insurance businesses in the UK, according to people familiar with the matter. Ardonagh Group — a large borrower in …
September 25, 2023
iprism, the London-based construction, property, commercial and high-net-worth MGA, announced the acquisition of property-focused MGA, SK Underwriting Ltd. for an undisclosed amount. Kent, England-based SK Underwriting was formed in 1999 and offers a range of commercial SME products, principally focused …
September 19, 2023
Insurance brokerage WorldInsurance Associates reported that Inman Kircher McBride Agency, Inc. (IKM) of Harvey Cedars, New Jersey joined World on September 1. IKM provides personal insurance programs for auto, home, coastal homes, seasonal and vacation homes and rental homes. IKM …
September 15, 2023
The Ardonagh Group is selling its personal insurance business in a deal that will give Chief Executive Officer David Ross an £800 million ($1 billion) war chest for further acquisitions in specialist insurance broking. Ardonagh is selling its Atlanta Group …
September 13, 2023
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based brokerage, risk management and consulting services firm, announced that its captive and alternative risk transfer solutions subsidiary, Artex, has acquired Bermuda-based Frontier Financial Services Ltd. Terms of the transaction were not …
September 7, 2023
CelsiusPro AG, the Zurich-based parametric insurance managing general agent, announced the acquisition of Global Parametrics Holding Co. Ltd. CelsiusPro said the deal will strengthen its global capabilities to offer parametric risk transfer solutions to both private and public sector clients …
September 6, 2023
Howden, the London-based insurance group, announced it has completed the acquisition of Apex Insurance New Zealand and its associated subsidiaries (Apex), effective Thursday, Aug. 31, 2023. Financial details of the deal were not disclosed. This acquisition greatly accelerates Howden’s strategy …
September 5, 2023
McConkey Insurance & Benefits, a locally owned independent insurance agency based in York, Pennsylvania, announced its recent acquisition of Gallen Insurance Agency, located in Berks County. According to Michael Harter, president and CEO of McConkey, the acquisition of expands McConkey’s …