Sompo International has agreed to purchase Assicurazioni Rischi Agricoli VMG 1857 (ARA), a deal that strengthens the Bermudian’s European agricultural book through increased geographical and exposure distribution.
Brown & Brown has expanded its employee benefits business with a deal to acquire substantially all of the assets of Agis Network.
US retail broker Alera Group has followed up the announcement of its merger with Propel with the acquisition of The Brokerage Commercial Insurance Services, a Newport Beach, California-based broker specialising in general liability, property, commercial automobile and workers’ compensation.
MGA consolidator Doxa Insurance Holdings has acquired Caitlin Morgan Insurance Services, an Indianapolis-based managing general underwriter and wholesale broker.
Expansive World Insurance Associates LLC (WIA) has announced two further acquisitions, with deals for The Premium Group, which does business as Argus Risk Advisors, and Florida-based Offshore Risk Management (ORM), with both deals closing on 1 September.
Davies Group has inked a deal to acquire Lloyd’s third-party managing agent Asta for an undisclosed sum.
Argo has appointed Morgan Stanley to sell its loss-making Lloyd’s platform Syndicate 1200, The Insurer can reveal.
US intermediaries Alliant and Risk Strategies are understood to have joined the formal auction for Tysers as interest for the London wholesaler expands beyond the three shortlisted UK bidders, The Insurer can reveal.
Fortitude Re has agreed a $2.2bn deal to acquire a portion of Prudential Financial’s in-force legacy variable annuity block as the run-off specialist continues to build out its market footprint.
Fast-growing HGGC-backed broker PCF Insurance Services has completed its 30th acquisition of 2021 with a deal for Michigan-based Preferred Insurance.
As this publication revealed yesterday afternoon, Bermudian Argo has put its Lloyd’s operation Syndicate 1200 on the block.