New York-based auto insurtech provider Roadzen has executed a memorandum of understanding (MOU) for a partnership to Cimarron Underwriters' nationwide MGA licenses and infrastructure.

Arthur J Gallagher has closed its $8.5bn public offering that will be used to part-fund the AssuredPartners acquisition, while rating agencies have responded to the deal by noting it will improve Gallagher’s position.

WTW is ramping up its search for M&A deals, according to CEO Carl Hess, who said the firm’s strong organic growth figures in recent quarters have been driven by its reloaded talent base, with its specialisation strategy also paying dividends.

The City of London Corporation, the governing authority of London’s Square Mile financial district, has announced the launch of its inaugural Global Risk Summit for the city’s insurance market.

Markel said it would maintain a “constructive and ongoing dialogue with all stakeholders” following reports that activist investor Jana Partners has called on the company to separate or sell its Markel Ventures investment business.

Nashville, Tennessee-based Elysian, a new third-party administrator (TPA) leveraging artificial intelligence, has officially launched with $3mn in pre-seed funding led by American Family Ventures.

Hub International Limited has acquired the assets of Otter Insurance Agency, an independent insurance agency based in Washington state.

Amwins Global Risks, the international arm of specialty broker Amwins, has appointed Gabriel Ewing as head of its transactional risk practice in London.

MGA Helix's recently launched commercial property excess facility on its US platform will write business on the A+ XV E&S paper of PartnerRe, Program Manager can reveal.

Aon-owned NFP has acquired Midland, Texas-based benefits and P&C broker Capstone Strategies.