Risk Strategies, a specialty insurance brokerage, has acquired Setnor, Byer, Boganoff Inc., which does business as Setnor Byer Insurance & Risk, a Fort Lauderdale-area brokerage and risk management firm. Terms of the deal were not disclosed. Founded in 1981, Setnor …
Renaissance Alliance, a network of independent insurance agencies, has acquired another network – Agency Partners Inc. (API). With headquarters in Alma, Georgia, API has grown rapidly in the last four years to now include 54 member agencies in Georgia and …
After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York City, provides insurance brokers and carriers with a …
Correll Insurance Group, a rapidly growing agency in the Southeast, announced two more acquisitions of Tennessee-based agencies: SouthPoint Risk, in Nashville, and Insight Risk Management, in Memphis. Correll said in a news release that it has made 10 acquisitions in …
Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 billion. Pending Duck Creek stockholder and regulatory approvals, the transaction is expected to …
Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped this year, according to an S&P Global Market Intelligence analysis. As of the end of November, there were 685 deals …
In the span of just a month, federal judges rejected the US Justice Department’s attempts to block three mergers in the health technology, agriculture and defense contracting industries. The agency is considering appeals – and points out it’s racked up …
The volume of global insurance industry mergers and acquisitions reached a 10-year high in the first half of 2022, up 9.5% from the same six months a year ago. According to Clyde & Co’s Insurance Growth Report mid-year update, the …
Hamilton Insurance Group has found a buyer for the legacy book the insurer inherited from its purchase of Sportscover Underwriting Ltd. in April 2015. Syndicate 3330 will buy the business from Hamilton Underwriting Limited, the managing agency of Syndicate 3334 …
The Hartford Insurance Group (HIG) has completed its acquisition of Maxum Specialty Insurance Group for $168 million in cash. The transaction, announced in March, closed on July 29. Maxum will maintain its brand and limited wholesale distribution model and will …
