US presidential election could spur broker/agency M&AA rush of US broker/agency acquisitions could come to the fore ahead of this year’s presidential election while P&C sector consolidation is tipped to modestly rebound in 2020, according to a S&P Global Market Intelligence report.
Aston Lark acquires Isca BarumGoldman Sachs-backed broker Aston Lark has acquired Isca Barum Insurance Brokers in its first deal of 2020.
R&Q takes over Montana captive Vigneron InsuranceLondon-listed legacy and program specialist R&Q has acquired the Montana captive insurer, Vigneron Insurance Company, Inc. (VICI), for an undisclosed sum.
AssuredPartners buys two Illinois brokeragesUS broker consolidator AssuredPartners has acquired two Illinois-based brokerages with combined revenues of $30mn.
Caser acquisition marks latest in Helvetia’s European expansionExpansive Swiss insurer Helvetia has begun the year with another acquisition in the form of Spanish Caser, signaling its intent to expand further into Europe.
Axa mulls sale of Middle East business: reportsFrench insurance powerhouse Axa is considering selling its Middle Eastern operations, as CEO Thomas Buberl continues to seek fresh ways of streamlining the insurer, according to reports.
Helvetia snaps up 70% of Spain’s Caser for Eur780mnSwiss specialty carrier Helvetia has acquired a 70 percent stake in Spanish insurer Caser for Eur780mn ($861mn).
Acrisure revenues expected to top $2bn this yearFast-growing broker consolidator Acrisure is expected to exceed total revenue of $2bn for full-year 2020, according to S&P Global Ratings.
Lovell Minnick completes Charles Taylor acquisitionInsurance services specialist Charles Taylor’s £261mn ($326mn) takeover by private equity house Lovell Minnick has completed.
Zurich’s N&G nets NMU’s commercial marine bookZurich-owned Navigators and General (N&G) has acquired NMU’s commercial marine trade combined book for an undisclosed sum, as the specialty insurer looks to withdraw from the class.
Brown & Brown buys Dallas-based MGA Texas All RiskBrown & Brown has acquired substantially all of the assets of Texas All Risk, a managing general agent that places a wide range of insurance in Texas, Louisiana, and Oklahoma.
NFP acquires Arizona P&C broker Koty-LeavittExpansive NFP has acquired Koty-Leavitt Insurance Agency, a Tucson, Arizona-based commercial property casualty broker that specialises in the medical device distribution space.
CFC acquires big data insurtech ThreatInformerLondon cyber-specialist MGA CFC has acquired London-based insurtech ThreatInformer for an undisclosed sum.
London broker Paragon sale price leaps from £42mn to £70mnAustralian broking house PSC Insurance Group will now reach deeper into its pockets to reward the owner-manager shareholders of FI specialist Lloyd’s broker Paragon following a jump in 2019 profits during the earn-out phase.
Altamont hires Orchid’s Zuk to drive insurance investmentsJoe Zuk has left Orchid Underwriters after less than a year to join Altamont Capital Partners as an operating partner focused on its insurance investments.
MMA adds PE expertise with Ironwood acquisitionMarsh & McLennan Agency (MMA) has acquired Ironwood Insurance Services, an Atlanta, Georgia-based independent broker with 85 employees with particular expertise in private equity.
Avatar to buy Centauri in latest Florida M&A dealAvatar Partners is set to buy Centauri National Insurance Company and Centauri Specialty Insurance Company in the latest of a flurry of Florida homeowners M&A transactions.
Florida insurer Weston to buy Anchor SpecialtyFlorida insurer Weston Insurance has agreed a deal to buy Texas carrier Anchor Specialty Insurance and its associated MGA, The Insurer can reveal.
Tysers takes minority stake in Bermudian MGA HelixIntegro-owned broker Tysers has invested in Bermudian MGA start-up Helix Underwriting Partners.
One80 buys medical stop loss MGU Vista UW PartnersUS wholesaler and program manager One80 Intermediaries has completed its second significant acquisition in two months with a deal to buy medical stop loss specialist Vista Underwriting Partners, The Insurer can reveal.