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 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 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.
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’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.
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 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.
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 has strengthened its commercial property and casualty capabilities in Colorado after acquiring Denver-based Olson & Olson Insurance Services.
Charles Taylor has added to its US footprint with the acquisition of third-party administrator (TPA) and risk management platform The Matrix Companies.
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.