Allstate agrees to sell bulk of life business to Blackstone for $2.8bn
Allstate has agreed to sell Allstate Life Insurance Company (ALIC) to various Blackstone-managed entities for $2.8bn in a move which allows the US insurance giant to further focus on growing its personal property-liability market share.
One80 buys NY program administrator Corieri & Associates
Wholesale consolidator platform One80 Intermediaries has bought New York-based public entities-focused program administrator Corieri and Associates (C&A).
GRP’s Premier Choice acquires SJA International
Global Risk Partners-owned Premier Choice Healthcare has acquired Sussex-based insurance broker SJA International, which trades as SJA Health Insurance.
Gjensidige has “substantial firepower” for potential €1.25bn RSA Codan deal
Nordic insurer Gjensidige has a NOK7.2bn ($850mn) war chest available to deploy on M&A, supporting the likelihood of it emerging as a potential buyer of RSA Codan, according to Berenberg analysts.
PIB Group acquired by Apax Partners
UK broker consolidator PIB Group has been acquired by funds associated with private equity house Apax Partners, in a move that will see existing backer The Carlyle Group re-invest a minority stake.
Euclid Transactional adds Luckett to London team
M&A-focused MGA Euclid Transactional has added to its EMEA-focused team with the hire of Dave Luckett, formerly of Ironshore.
Euclid Transactional adds Luckett to London team
M&A-focused MGA Euclid Transactional has added to its EMEA-focused team with the hire of Dave Luckett, formerly of Ironshore.
AssuredPartners continues UK expansion with Scottish broker deal
AssuredPartners is set to make another acquisition in the UK as the Florida-based broker continues its build out on both sides of the Atlantic.
Numis says R&Q is ‘top pick’ following £25mn Vibe deal
Numis says R&Q is ‘top pick’ following £25mn Vibe deal
Allstate agrees to sell bulk of life business to Blackstone for $2.8bn
Allstate has agreed to sell Allstate Life Insurance Company (ALIC) to various Blackstone-managed entities for $2.8bn in a move which allows the US insurance giant to further focus on growing its personal property-liability market share.
One80 buys NY program administrator Corieri & Associates
Wholesale consolidator platform One80 Intermediaries has bought New York-based public entities-focused program administrator Corieri and Associates (C&A).
HCI completes deal for UPC Northeast personal lines renewal rights
HCI Group’s US expansion bid has taken a major step forward after the company completed the previously announced acquisition of the renewal rights to UPC Insurance’s personal lines business in four northeast US states.
US agent/broker M&A goes into overdrive in Q4
A frenzy of US broker M&A transactions took place in the fourth quarter as acquirers fully recovered from a Covid-19-induced slump and fears over capital gains tax changes brought deals forward.
US insurance broker M&A deal volume up 4.3% in 2020: MarshBerry
Despite Covid-19 bringing deal activity to a standstill for two months, the US brokerage mergers and acquisitions (M&A) deal count in 2020 was higher than in the previous year, according to MarshBerry.