Aon increases stake in Indian broker to 100%Aon has increased its stake in Aon India Insurance Brokers Pvt Ltd from 49 percent to 100 percent, acquiring the remaining share from Catamaran Ventures.
Enstar completes $217.1mn acquisition of controlling interest in Enhanzed ReEnstar Group has completed the acquisition of a 27.7 percent interest in Enhanzed Reinsurance, taking over the stake from an affiliate of Hillhouse Group for $217.1mn.
Hartford shares jump on Chubb jet visit rumourShares in The Hartford were trading up around 5 percent at lunchtime in New York on rumours that Chubb’s private jet had landed in the carrier’s hometown airport mid-morning today, signalling renewed interest in a potential acquisition, before the stock price eased back this afternoon.
Ardonagh acquires price comparison site Usay GroupArdonagh Advisory, the SME broking operations of UK broker consolidator Ardonagh Group, has acquired Usay Group Limited, one of the largest medical and protection insurance brokers in the UK.
PE investment in 2021 insurance M&A already at its highest in last decadeUncertainty surrounding possible claims and the potential for losses arising from the pandemic have not stopped private equity and venture capital firms from investing over $19bn in insurance companies so far this year, according to a new report from S&P Global Market Intelligence.
Health insurer GuideWell to acquire Puerto Rico insurer Triple-SGuideWell Mutual Holding has announced a $900mn deal to acquire Triple-S Management Corporation, a healthcare services company in Puerto Rico that also offers property casualty insurance.
Omers completes $375mn buy-in to Fairfax-owned BritFairfax Financial has announced the completion of the previously announced transaction in which Canadian pension plan Ontario Municipal Employees Retirement System (Omers) has bought 14 percent of Brit for $375mn cash.
AM Best: Sale agreed for Credit Suisse’s Humboldt ReA purchase agreement has been signed for Humboldt Re, the Guernsey-domiciled reinsurance vehicle put into run-off by Credit Suisse in December 2020, AM Best has revealed while maintaining its ratings under review.
Argo sells contract binding P&C renewal rights to Selective’s E&S unitArgo Group International Holdings has continued the refocus of its business with a deal to sell the renewal rights of its contract binding P&C business to Mesa Underwriters Specialty Insurance Company (Music), the E&S subsidiary of Selective Insurance Group.
WTW enters agreement to buy Israeli broker LeaderimWillis Towers Watson (WTW) has entered into an initial, non-binding agreement to acquire Leaderim, an insurance broking and consultancy business in Israel with a team of 45 professionals.
Pie set to go full-stack with Western Select acquisitionWorkers’ compensation insurtech Pie Insurance is set to realise its ambition of becoming a full-stack insurance carrier with the acquisition of Western Select Insurance Company from a subsidiary of legacy firm Premia Holdings.
Brown & Brown to acquire Berkshire Insurance GroupBrown & Brown has reached an agreement with Berkshire Hills to acquire the assets and operations of its subsidiary Berkshire Insurance Group.
Hub acquires home warranty provider from Aviva CanadaHub International has announced it will acquire the assets of National Home Warranty Group, a wholly owned subsidiary of Aviva Canada.
Coverys European Holdings continues to expand with Brady Insurance acquisitionCoverys European Holdings has completed the 51 percent acquisition of Joseph G Brady (Brady Insurance), an insurance underwriting agency, broker and Lloyd’s coverholder based in Ireland.
Applied UW to secure Alaska Timber acquisitionExpansive US insurance group Applied Underwriters expects to complete the acquisition of Alaska Timber Insurance Exchange (ATIE) as soon as the fourth quarter of this year as it aims to use the entity to gain market share in the state.
CVC completes RiverStone Europe acquisition, appointing Prebensen as chairCVC Capital Partners has completed the acquisition of legacy specialist RiverStone Europe from Fairfax Financial Holdings, which was first announced in December last year.
Alliant buys Northern California-based agency AsuraAlliant has strengthened its middle market presence with the acquisition of Northern California-based Asura Risks.
Guidewire acquires P&C insurtech HazardHubInsurance software provider Guidewire has acquired insurtech HazardHub, a provider of API-driven property risk insights to the P&C insurance industry.
Up-for-sale Tysers and the JLT vacancy…Just as now, industry chatter in the late nineties often focused on the frenzy of broker M&A.
US brokers join bidders for London wholesaler TysersUS intermediaries Alliant and Risk Strategies are understood to have joined the formal auction for Tysers as interest for the London wholesaler expands beyond the three shortlisted UK bidders, The Insurer can reveal.