Cape Cod, Massachusetts-based Rogers & Gray Insurance has acquired the independent insurance agency, Albert G. Brock Co., located on Nantucket Island. The newly formed entity will now be known as Brock Insurance, a division of Rogers & Gray. The Brock …
Israel-based financial software provider Sapiens International Corp. said it has agreed to buy Maximum Processing Inc., a property/casualty insurance software provider known for its Stingray System. Maximum Processing is a privately-held company headquartered in Bradenton, Florida, with offices in Garner, …
Illinois-headquartered global insurance broker Hub International Limited reports that it has acquired certain assets of FirstBank Insurance Agency Inc. Terms of the acquisition were not disclosed. Based in San Juan, Puerto Rico, FirstBank is a general agency providing property/casualty insurance. …
Private equity firm Carlyle Group LP is in advanced talks to acquire the healthcare information technology division of U.S. data analytics company Verisk Analytics Inc., according to people familiar with the matter. Carlyle has so far prevailed in an auction …
The flurry of insurance mergers and acquisitions that yielded about $150 billion of transactions globally in 2015 may endure even after years of “patchy” results for some companies making deals, according to ratings firm Standard & Poor’s. “We believe the …
Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two crop businesses, which are collectively known as …
The Hartford’s plan to pay $170 million in cash for excess and surplus lines insurer Maxum Specialty is a “smart move” that should help it grow its small commercial lines unit by getting more into new industry classes, says an …
The Hartford has agreed to purchase Northern Homelands Co., the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in cash. According to the announcement, Maxum will maintain its brand and wholesale distribution model …
About two years after withdrawing a similar offer, American Financial Group Inc. is proposing to acquire all of the outstanding common shares of specialty transportation insurer National Interstate Corp. that its subsidiary, Great American Insurance Co., does not already own. …
Standard & Poor’s Ratings Services has removed its ratings on Cooper Gay Swett & Crawford Ltd. (CGSC) from CreditWatch with developing implications, where S&P initially placed them Nov. 13, 2015. At the same time, S&P has raised its long-term corporate …
