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Arthur J. Gallagher acquires Serna Insurance Agency in Texas

Arthur J. Gallagher acquires Serna Insurance Agency in Texas

Gallagher acquisition of Serna Insurance : Global insurance brokerage Arthur J. Gallagher & Co has acquired Serna Insurance Agency based in Humble, Texas, for an undisclosed price, as per the latest insurance acquisition news. Established in 2001 by Pete and Martha Serna, Serna Insurance Agency provides private client, personal lines and commercial insurance products and […]

Prudential to acquire online insurance startup Assurance IQ for $2.3bn

Prudential to acquire online insurance startup Assurance IQ for $2.3bn

Prudential acquisition of Assurance IQ : US financial services giant Prudential Financial has signed a deal worth $2.35 billion to acquire Assurance IQ, an online insurance startup based in Bellevue, Washington. Assurance IQ will be paid the amount upfront and will also be eligible to an additional earnout of up to $1.15 billion in the […]

SulAmérica to divest auto and other property-casualty operations to Allianz

SulAmérica to divest auto and other property-casualty operations to Allianz

Allianz, a German multinational financial services company, has entered into an agreement with Brazilian insurance company SulAmérica to acquire the latter’s automobile and other property-casualty operations for €667 million. Through the acquisition, Allianz will grow its geographical presence in Brazil, becoming one of the top three insurers with a market share of around 15% in […]

Intact Financial to acquire Guarantee and Frank Cowan for C$1bn

Intact Financial to acquire Guarantee and Frank Cowan for C$1bn

Intact Financial has agreed to acquire The Guarantee Company of North America and Frank Cowan Company from Princeton Holdings for C$1 billion, as per the latest insurance acquisition news. The acquisition is expected to strengthen Intact’s position in Canada, bringing the firm’s annual North American specialty lines direct premiums close to C$3 billion. The Guarantee […]

Alliant Insurance Services acquires Oklhaoma-based Fred Daniel & Sons

Alliant Insurance Services acquires Oklhaoma-based Fred Daniel & Sons

Insurance acquisition news : US specialty insurance brokerage company Alliant Insurance Services has acquired Oklahoma-based insurance agency Fred Daniel & Sons for an undisclosed price to strengthen its southwest presence. According to Alliant Insurance Services, the Tulsa-based Fred Daniel & Sons brings close to 100 years of experience and a legacy of excellence in commercial […]

Kuvare to acquire Nebraska-based Lincoln Benefit Life

Kuvare to acquire Nebraska-based Lincoln Benefit Life

Insurance acquisition news : Kuvare US said that its affiliate – Guaranty Income Life Insurance has signed a deal to acquire Lincoln Benefit Life and its affiliates (LBL) from RL LP, a Bermuda limited partnership, for an undisclosed price, as per the latest insurance industry news. RL LP is managed by its general partner, RL […]

Anbang Insurance to sell stake in Chinese health insurer Hexie Health

Anbang Insurance to sell stake in Chinese health insurer Hexie Health

Insurance acquisition news : Chinese government-controlled Anbang Insurance Group will sell its entire interest in Hexie Health Insurance, a Chinese health insurance company for an undisclosed amount to multiple buyers, including industrial conglomerate Fujia Group. Reuters reported that the Chinese government has been looking to fast track sale of assets of Anbang Insurance Group, which […]

Alliant Insurance Services acquires insurance brokerage Degginger McIntosh

Alliant Insurance Services acquires insurance brokerage Degginger McIntosh

Alliant acquisition of Degginger McIntosh : California-based Alliant Insurance Services has acquired Degginger McIntosh & Associates, an insurance brokerage firm based in Washington State, for an undisclosed price, as per the latest insurance acquisition news. The rationale behind Alliant acquisition of Degginger McIntosh Alliant Insurance Services says that Degginger McIntosh & Associates brings to it […]