Altamont hires Orchid’s Zuk to drive insurance investments
Joe Zuk has left Orchid Underwriters after less than a year to join Altamont Capital Partners as an operating partner focused on its insurance investments.
MMA adds PE expertise with Ironwood acquisition
Marsh & McLennan Agency (MMA) has acquired Ironwood Insurance Services, an Atlanta, Georgia-based independent broker with 85 employees with particular expertise in private equity.
Avatar to buy Centauri in latest Florida M&A deal
Avatar Partners is set to buy Centauri National Insurance Company and Centauri Specialty Insurance Company in the latest of a flurry of Florida homeowners M&A transactions.
Florida insurer Weston to buy Anchor Specialty
Florida insurer Weston Insurance has agreed a deal to buy Texas carrier Anchor Specialty Insurance and its associated MGA, The Insurer can reveal.
Tysers takes minority stake in Bermudian MGA Helix
Integro-owned broker Tysers has invested in Bermudian MGA start-up Helix Underwriting Partners.
One80 buys medical stop loss MGU Vista UW Partners
US wholesaler and program manager One80 Intermediaries has completed its second significant acquisition in two months with a deal to buy medical stop loss specialist Vista Underwriting Partners, The Insurer can reveal.
Allianz closes $1.08bn LV= GI acquisition
Allianz has completed its acquisition of the remaining 51 percent stake in the general insurance business of UK insurer LV= for £1.08bn ($1.43bn), almost double the £578mn ($729mn) valuation when the deal was first announced in May 2019.
Kaufman to acquire Lloyd’s carrier Barbican’s UK MGA
HW Kaufman Group, the US intermediary that owns wholesaler Burns & Wilcox, is poised to acquire a UK MGA owned by Barbican once the Lloyd’s insurer’s sale to Bermudian Arch Capital completes.
Clock ticking for Gallagher to trigger Capsicum Re buyout option
Time is running out for AJ Gallagher (AJG) to call in its option to acquire the 80 percent it doesn’t currently own in the London market reinsurance intermediary Capsicum Re.
MMA adds PE expertise with Ironwood acquisition
Marsh & McLennan Agency (MMA) has acquired Ironwood Insurance Services, an Atlanta, Georgia-based independent broker with 85 employees with particular expertise in private equity.
Florida insurer Weston to buy Anchor Specialty
Florida insurer Weston Insurance has agreed a deal to buy Texas carrier Anchor Specialty Insurance and its associated MGA, The Insurer can reveal.
Tysers takes minority stake in Bermudian MGA Helix
Integro-owned broker Tysers has invested in Bermudian MGA start-up Helix Underwriting Partners.
Florida – this time the squeeze is real
For the third time in four years, Florida’s homeowners insurance market is entering the first quarter in a state of great uncertainty as the deteriorating operating environment again brings the prospect of ratings downgrades in the crucial months leading up to the hurricane season.
Tysers-RFIB deal continues trend - but can UK broker valuations hold up in 2020?
For UK insurance brokers, 2019 will be remembered as a vintage year. Whereas carriers in the UK market such as Barbican were able to achieve only modest price to book multiples, the valuations realised by intermediaries have been truly impressive.