Helios grows 2021 YoA capacity to £133mn following 21 LLV acquisitions
Lloyd’s investment vehicle Helios has grown its total 2021 year of account capacity to £132.9mn ($177.1mn) following the acquisition of 21 limited liability vehicles over the past three months.
Howden: Sky-high broker valuations creating “unsustainable” expectations
Howden Group founder and CEO David Howden has said the private equity buying spree for UK (re)insurance intermediaries is driving valuations to record levels but warned that generous price premiums are raising expectations that may be “unsustainable” in the long term.
SRS bolsters rent-a-captive offering with Barbados acquisition
Strategic Risk Solutions (SRS) has strengthened its rent-a-captive capabilities with the acquisition of Barbados-registered Global Re SCC.
Generali in talks to buy Credit Agricole’s La Medicale
Italy’s Generali is in exclusive talks to buy Credit Agricole SA’s La Medicale business, in a deal designed to strengthen its position in the French market.
Eckert-chaired IncubEx enters insurance sector with Insurwave acquisition
Chicago-based financial product incubator IncubEx has moved into the insurance sector with the acquisition of marine-focused insurtech platform Insurwave, in a deal that will give it access to the corporate risk and insurance markets.
USAA paid $99.6mn for auto insurtech Noblr
USAA’s acquisition of auto insurtech Noblr cost the US military and veterans insurer $99.6mn, according to a new regulatory filing.
Helios grows 2021 YoA capacity to £133mn following 21 LLV acquisitions
Lloyd’s investment vehicle Helios has grown its total 2021 year of account capacity to £132.9mn ($177.1mn) following the acquisition of 21 limited liability vehicles over the past three months.
Nexus-owned Xenia enters financial lines with PNP acquisition
Nexus Group’s credit insurance and surety specialist Xenia Broking Group has continued its growth into financial lines with the acquisition of the turnover trade credit and financial and specialty risk teams from Lloyd’s broker Parker Norfolk & Partners (PNP).
IQUW closes Agora acquisition
IQUW has closed its acquisition of Agora Syndicate Holdings in a move the expansive Lloyd’s insurer said would “significantly accelerate” its growth strategy and allow it to take advantage of a hardening property market.
SRS bolsters rent-a-captive offering with Barbados acquisition
Strategic Risk Solutions (SRS) has strengthened its rent-a-captive capabilities with the acquisition of Barbados-registered Global Re SCC.
One80 bolsters EB and workers’ comp wholesale offerings with CPro deal
Wholesale consolidator One80 Intermediaries has strengthened its employee benefits and workers’ compensation capabilities with the acquisition of Dallas, Texas-based CPro Associates.
USI acquires Griffin MacLean
USI Insurance Services has acquired Bellevue, Washington-based Griffin MacLean Insurance Brokers.
TUPE poses final hurdle as Willis Re looks to more certain future…
Arthur J Gallagher’s $3.25bn+ acquisition of Willis Re has moved a step closer to completion with the news yesterday that the UK’s Competition and Markets Authority had cleared the deal.
Looking under the hood of the Lemonade-Metromile deal
Lemonade’s deal to acquire Metromile was possible because of a slump in the auto insurtech’s valuation since going public earlier this year, and may suggest other insurtech takeovers to come.