Hub buys California-based agency Ivensure
Hub International Limited has acquired the assets of Invensure Insurance Brokers, a privately held agency offering commercial and personal insurance, as well as employee benefits and HR consulting.
Truist CEO stays quiet on potential insurance stake sale
Truist Financial Corporation (TFC) CEO Bill Rogers declined to comment on reports by this publication that the bank is contemplating a sale of up to 30 percent of its insurance platform as he addressed investors at a Goldman Sachs conference on Tuesday.
Alliant acquires California-based agency Polley
Alliant Insurance Services has expanded its presence in the Sacramento region with the acquisition of Polley Insurance and Risk Management, which focuses on commercial insurance, risk management, employee benefits and personal insurance.
WIA’s Novatae acquires wholesale construction specialist Olympic Advisors
Novatae Risk Group, the recently rebranded wholesale operations of World Insurance Associates (WIA), has acquired Washington-based Olympic Advisors, which operates as Nationwide Contractors’ Alliance (NWCA).
Truist Insurance Holdings 30% stake would be valued at $4.5bn: Wells Fargo
Truist’s insurance businesses carry a valuation of $15bn based on the broker’s public peers, according to Wells Fargo analysts, meaning a 30 percent stake would be valued at $4.5bn.
BMS acquires Eisenar as part of Iberian regional expansion
BMS has continued to expand in Iberia with the acquisition of Spanish specialty broker Eisenar.
Ardonagh inks A$482mn deal for Australian broker Envest
The Ardonagh Group has agreed a deal to acquire Brisbane-headquartered Envest for a consideration of A$482mn ($321mn), with the transaction set to be funded with a combination of equity and debt.
SiriusPoint, Mosaic call off deal for Lloyd’s managing agency
SiriusPoint and Mosaic have called off their planned deal for the Bermudian to sell its Lloyd’s managing agency to the Mitch Blaser and Mark Wheeler-led start-up, The Insurer can reveal.
BP Marsh to back Housley/Cousins 2023 London MGA start-up
Specialist UK insurance investor BP Marsh & Partners is backing the nascent US property MGA headed by former Sompo International underwriters Richard Housley and Rupert Cousins, The Insurer can reveal.
NFP bolsters Colorado capabilities with Olson & Olson acquisition
NFP has strengthened its commercial property and casualty capabilities in Colorado after acquiring Denver-based Olson & Olson Insurance Services.
Charles Taylor bolsters US footprint with Matrix deal
Charles Taylor has added to its US footprint with the acquisition of third-party administrator (TPA) and risk management platform The Matrix Companies.
White Mountains made SiriusPoint and Hamilton approaches before $300mn Outrigger Re
Ark’s parent White Mountains made unsolicited approaches to SiriusPoint and Hamilton this summer as it looked at options to deploy proceeds from its $1.8bn sale of NSM, before returning $500mn to shareholders and committing funds to sidecar Outrigger Re in the aftermath of Ian, The Insurer can reveal.