Aquiline-backed FRISS buys commercial lines data insurtech TerreneFRISS – an Aquiline-backed company that provides fraud, risk and compliance solutions for P&C insurance carriers – has acquired fellow insurtech Terrene Labs.
Charles Taylor bolsters US adjusting and claims services with Syndicate acquisitionCharles Taylor has made its second major US acquisition of 2021 after agreeing a deal for independent adjusting and claims specialist Syndicate Claim Services, Inc.
Q1 agent/broker M&A down 50% on Q4 2020: OptisInsurance agent and broker M&A in the US and Canada took “a breather” in the first quarter of this year, according to Optis Partners, with the 150 deals the lowest Q1 volume since 2016.
WTW: North American upsurge drives Q1 corporate M&A growthGlobal M&A momentum gathered pace during the first quarter with dealmaking hitting the highest level since Willis Towers Watson (WTW) began its M&A index more than a decade ago, the broker has revealed.
Willis Re and European units lead planned divestitures as Aon-WTW targets EC approvalArthur J Gallagher is the most likely buyer of at least some of the Willis Towers Watson (WTW) businesses likely to be sold in an attempt to gain antitrust approval for the broker’s combination with Aon, according to KBW.
HGGC-backed PCF completes 10th M&A deal of 2021Fast growing US broker PCF Insurance Services has completed its 10th acquisition of the year after agreeing a new partnership with Nokomis, Florida-based East Coast Insurance Group.
Huron-backed High Street boost Northeast presence with three acquisitionsPrivate equity-backed broker High Street Insurance Partners has strengthened its foothold in the Northeast US market with three acquisitions that CEO Scott Wick said enhances the company’s specialty market strategy.
EC restarts clock on Aon-WTW probe as concessions offeredThe European Commission has revised its deadline to 12 July to conclude its investigation into the Aon-Willis Towers Watson merger after the brokers submitted undisclosed concessions related to the deal.
Watford closes acquisition of French insurer Axeria IARDWatford Holdings has completed the purchase of French property casualty insurer Axeria IARD, a deal that was first announced back in December 2019.
Aon-WTW deal faces public consultation amid Singapore competition concernsThe planned combination of Aon and Willis Towers Watson (WTW) will now be subject to a public consultation in Singapore as the local regulator determines whether the deal will result in a “substantial lessening” of competition.
Willis Re: The $3bn+ runners and riders…When Aon announced on 9 March 2020 that it had agreed to buy Willis Towers Watson (WTW) in a ~$30bn all-stock deal, the day wasn’t finished before speculation began about the prospect of spin-offs to appease regulators’ antitrust concerns.
Hilb buys Indiana-based agency Star InsuranceUS insurance broker The Hilb Group has announced the acquisition of Star Insurance Agency, which is focused on personal and commercial insurance.
Influential Wall St analyst sceptical about much higher Chubb bid for The HartfordKBW analyst Meyer Shields has said Chubb has a “fairly large number” of other potential acquisition targets to consider after The Hartford knocked back its unsolicited $65 per share offer last month.
IMA’s wholesaler Towerstone acquires Jacobs & AssociatesIMA Financial Group’s wholesaler platform Towerstone has acquired managing general agent and E&S broker Jacobs & Associates.
Report: Aon and WTW provide remedy proposal in talks with EC over mergerAon has offered up a remedy proposal to the European Commission (EC) as the broking giant seeks to get its mammoth acquisition of Willis Towers Watson (WTW) over various antitrust hurdles and across the finish line, according to reports.
MPs condemn LV=’s sale to private equity firm Bain CapitalA cross-party group of MPs and peers have accused Liverpool Victoria Group (LV=) of not being “open and transparent” with its 1.25 million members about a £530mn ($730mn) plan to sell the mutual insurer to private equity firm Bain Capital.
Zurich and Farmers Exchanges complete $4bn MetLife US P&C dealZurich Insurance Group offshoot Farmers Group and Farmers Exchanges have completed the $3.94bn acquisition of MetLife’s US property casualty operations.
Investor calls on Old Republic to consider title business saleOld Republic investor Owl Creek Asset Management has called on the insurer to initiate a strategic review of its title business, review its board structure and authorise a share buyback programme.
Hub buys Wyoming’s largest independent agencyHub International Limited has acquired the assets of Wyoming Financial Insurance (WYFI), the largest independently owned insurance agency in Wyoming and the third acquisition the US broker has announced so far this month.
Gallagher acquires Nordic marine and energy broker PariscoArthur J Gallagher has expanded its Nordic marine capabilities with the acquisition of Oslo-based marine and energy broker Parisco AS.