II-Brazil-Allianz-SulAmerica

Allianz takes top three Brazil P&C position after completing SulAmérica deal

2020-07-10T23:02:00+01:00

Allianz has strengthened its position in Brazil’s property and casualty (P&C) insurance market after completing its previously announced acquisition of certain SulAmérica operations in the country.

II-CBIZ

CBIZ picks up Virginia agency Prince-Wood Insurance

2020-07-10T00:55:00+01:00

CBIZ has acquired substantially all of the assets of Prince-Wood Insurance (PWI), an agency based in Woodbridge, Virginia.

Assured Partners logo

AssuredPartners buys New York-based ENV

2020-07-10T00:54:00+01:00

AssuredPartners has acquired ENV Property & Casualty, which is based in Liverpool, New York.

New Jersey number plate

PE-backed WIA adds Bentsen Combies in latest M&A deal

2020-07-09T04:01:00+01:00

World Insurance Associates (WIA) has made another acquisition with the Charlesbank Capital Partners-backed broker having added Bentsen Combies Insurance to its roster.

Allstate and National General Insurance

Allstate agrees $4bn acquisition of NatGen

2020-07-08T06:43:00+01:00

Allstate has agreed a $4bn cash deal to acquire National General Insurance in a move which will increase its share of the personal lines market by a percentage point and expand its distribution.

Aon and WTW

DOJ requests additional information on Aon-Willis merger

2020-07-08T23:08:00+01:00

The antitrust division of the US Department of Justice (DOJ) has issued a so-called “second request” to Aon and Willis Towers Watson (WTW) over their merger, with the parties conceding in a proxy filing “it could take a significant period of time to achieve substantial compliance”.

Ardonagh spotlight

Ardonagh debt increases to £2bn; Moody’s maintains sub-prime debt rating

2020-07-06T22:09:00+01:00

The major refinancing at PE-owned Ardonagh has increased the group’s overall debt burden to £2bn, the equivalent of circa 8x its annual Ebitda earnings.

Bennetts and Ardonagh

UK competition watchdog launches investigation into Ardonagh’s Bennetts deal

2020-07-02T12:11:00+01:00

Ardonagh Group’s £26mn ($33.9mn) deal to buy Bennetts Motorcycling Services from Saga Services Ltd is being investigated by the UK’s Competition and Markets Authority (CMA).

city of london

SRG to acquire MS Amlin’s Insolvency Risk Services

2020-07-01T12:42:00+01:00

Specialist insurance broker Specialist Risk Group (SRG) is to acquire Insolvency Risk Services (IRS), a division of MS Amlin.

New Jersey number plate

PE-backed WIA adds Bentsen Combies in latest M&A deal

2020-07-09T04:01:00+01:00

World Insurance Associates (WIA) has made another acquisition with the Charlesbank Capital Partners-backed broker having added Bentsen Combies Insurance to its roster.

II-Prestige-Lamb

Non-profit focussed retail broker Lamb acquires Prestige

2020-07-08T21:55:00+01:00

Non-profit and social services focussed intermediary Lamb Insurance Services has added to its capabilities in the southeast US with the acquisition of Prestige Insurance Services.

II-WorldInsurance-Pinnacle

Newly PE-backed WIA adds Pinnacle to growing agency portfolio

2020-07-01T21:39:00+01:00

Freshly private equity-backed World Insurance Associates (WIA) has continued on its acquisition spree after confirming it has completed a deal for Pinnacle Insurance Group of Indiana.

Allstate and National General Insurance

Allstate to reverse independent agent business into NatGen to create top 5 player

2020-07-08T19:46:00+01:00

Allstate’s proposed $4.0bn acquisition of National General will see it reverse merge its independent agent business including Encompass into the personal lines specialist to create a top five player in the $125bn premium segment.

Willis Towers Watson

Covid-19 drives down global M&A deals

2020-07-06T12:41:00+01:00

The impact of the economic uncertainty caused by the Covid-19 pandemic has significantly driven down global dealmaking in the first six months of 2020, with North America showing the sharpest decline.

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