Sompo Intl to acquire Italian agri insurer ARA
Sompo International has agreed to purchase Assicurazioni Rischi Agricoli VMG 1857 (ARA), a deal that strengthens the Bermudian’s European agricultural book through increased geographical and exposure distribution.
Brown & Brown expands employee benefits unit with Agis Network acquisition
Brown & Brown has expanded its employee benefits business with a deal to acquire substantially all of the assets of Agis Network.
Alera acquires California-based The Brokerage
US retail broker Alera Group has followed up the announcement of its merger with Propel with the acquisition of The Brokerage Commercial Insurance Services, a Newport Beach, California-based broker specialising in general liability, property, commercial automobile and workers’ compensation.
Doxa buys Indianapolis-based MGU/wholesale broker Caitlin Morgan
MGA consolidator Doxa Insurance Holdings has acquired Caitlin Morgan Insurance Services, an Indianapolis-based managing general underwriter and wholesale broker.
Coralisle to buy Barbados-based insurer Massy United for $90.5mn
Bermuda-based regional insurer Coralisle Group has announced the acquisition of Barbados-sited Massy United Insurance for $90.5mn.
WIA reveals deals for med mal specialist Argus and specialty risks broker ORM
Expansive World Insurance Associates LLC (WIA) has announced two further acquisitions, with deals for The Premium Group, which does business as Argus Risk Advisors, and Florida-based Offshore Risk Management (ORM), with both deals closing on 1 September.
Davies Group to acquire Asta
Davies Group has inked a deal to acquire Lloyd’s third-party managing agent Asta for an undisclosed sum.
Argo appoints Morgan Stanley to sell its Lloyd’s business
Argo has appointed Morgan Stanley to sell its loss-making Lloyd’s platform Syndicate 1200, The Insurer can reveal.
US brokers join bidders for London wholesaler Tysers
US 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.
Coralisle to buy Barbados-based insurer Massy United for $90.5mn
Bermuda-based regional insurer Coralisle Group has announced the acquisition of Barbados-sited Massy United Insurance for $90.5mn.
Fortitude Re to acquire Prudential legacy variable annuities book in $2.2bn deal
Fortitude Re has agreed a $2.2bn deal to acquire a portion of Prudential Financial’s in-force legacy variable annuity block as the run-off specialist continues to build out its market footprint.
PCF completes 30th M&A deal of 2021 with Michigan’s Preferred
Fast-growing HGGC-backed broker PCF Insurance Services has completed its 30th acquisition of 2021 with a deal for Michigan-based Preferred Insurance.
Argo Syndicate 1200: A litmus test for Lloyd’s M&A
As this publication revealed yesterday afternoon, Bermudian Argo has put its Lloyd’s operation Syndicate 1200 on the block.
Growth, growth and more growth
Far from a summer lull, the last few weeks have seen a surge in activity spanning fundraising, M&A, program launches and platform building in the US program sector.