THG acquisition of BR Vital Brokerage : US middle market insurance agency The Hilb Group (THG) has acquired acquisition of New York-based BR Vital Brokerage (BRV) for an undisclosed price, as per the latest insurance acquisition news. BR Vital Brokerage is an independent insurance brokerage firm, which mainly offers property and casualty insurance. The insurance […]
Medical Mutual acquisition of Bravo : Ohio-based insurance company Medical Mutual has agreed to acquire Bravo, a data-driven provider of wellness solutions, for an undisclosed price, as per the latest insurance acquisition news. Bravo, which is claimed to serve over a million users across the US, will operate as a fully-owned subsidiary of Medical Mutual. […]
Zurich Insurance Group has completed its previously announced 80% stake acquisition in Asuransi Adira Dinamika Insurance (Adira Insurance), an Indonesian property and casualty insurer. The Swiss insurer acquired the stake from Bank Danamon Indonesia and an undisclosed minority stakeholder in a deal worth up to IDR6.15 trillion (about $414 million at the time of signing […]
Phoenix acquisition of ReAssure : Life consolidator Phoenix Group has signed a cash-cum-stock deal worth £3.25 billion to acquire UK-based life and pensions company ReAssure Group from Swiss Re, as per the latest insurance acquisition news. ReAssure Group is a life insurance closed book consolidator, which is engaged in buying and administering closed books of […]
Swiss insurance company Chubb has agreed to purchase an additional stake of 15.3% of China-based Huatai Insurance Group, as per the latest insurance acquisition news. Huatai Insurance Group is the holding company of Huatai P&C Insurance Company, Huatai Life Insurance Company, and Huatai Asset Management Company, and other subsidiaries. Following the completion of the share […]
Inszone Insurance Services, a California-based personal and commercial lines insurance provider, has acquired Arizona-based Jones Wilson Insurance for an undisclosed price, as per the latest insurance acquisition news. Jones Wilson Insurance, which is headquartered in Benson, has been offering insurance services to businesses and residents of Cochise County for close to six decades. Troy Jones […]
US financial services giant Prudential Financial has wrapped up its previously announced acquisition of US online insurance startup Assurance IQ, as per the latest insurance acquisition news. As per the terms of Prudential acquisition of Assurance IQ, announced last month, the online insurance company became a fully-owned subsidiary of the former. The online insurance provider, […]
Integrity Marketing Group, a distributor of life and health insurance products to the US Senior Market, has wrapped up the acquisition of Medicare Advantage Specialists, as per the latest insurance acquisition news. Financial terms of the deal were not revealed. Headquartered in Hoover, Alabama, Medicare Advantage Specialists is an insurance marketing organization. Under the terms […]
Tokio Marine acquisition of PURE Group : Japanese insurance holding company Tokio Marine will acquire Privilege Underwriters (PUI), which does business through the US insurance group – Pure Group of Insurance Companies (PURE Group) for $3.1 billion. The US insurance group is being acquired from investors led by KKR and Stone Point Capital, as per […]
AmWINS acquisition of Stealth Partner Group : US insurance broker AmWINS Group, which distributes specialty insurance products and services, has agreed to acquire Arizona-based Stealth Partner Group for an undisclosed price, as per the latest insurance acquisition news. Stealth Partner Group is an independent full-service general agent (GA) that specializes in medical stop-loss insurance. Headquartered […]