New Jersey-based insurance agency World Insurance Associates (WIA) has acquired Virginia Insurance Partners, based in Virginia, for an undisclosed price, as per the latest insurance acquisition news. Virginia Insurance Partners (VIP) is an independent insurance agency that caters to its clients with personal, commercial, farm, life, and benefits policies across Virginia. The insurance agency is […]
Aon acquisition of Willis Towers Watson : Aon has signed an all-stock deal worth around $30 billion to acquire Willis Towers Watson in what will be one of the biggest insurance acquisitions ever. The Aon, Willis Towers Watson merger is set to create the largest insurance broker in the world with an implied combined equity […]
Tinubu Square acquisition of eSURETY : France-based Tinubu Square, which provides enterprise software solutions to credit and surety insurers, has acquired US-based premier surety underwriting automation platform eSURETY for an undisclosed price. eSURETY marks the first corporate acquisition in the US for Tinubu Square and is said to fully integrate the two firms’ expertise in the […]
Global insurance brokerage Hub International has acquired the assets of Harris, Madden, Powell, Stallings & Brown (HMP), a commercial, surety, employee benefits and personal lines agency in Memphis, Tennessee, for an undisclosed price. HMP said to bring a unique industry focus on construction, manufacturing, distribution, and healthcare, and also alternative risk solutions, which will strengthen […]
Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services company, has acquired CMS, a full-service wholesale insurance broker based in Melville, New York, for an undisclosed price. Established in 1996, CMS works with agents across the US with its team specializing in placing coverages for construction, wholesaling/distributing, importing, real estate, […]
US health insurance company Essence Healthcare has agreed to acquire its long-term investor Mutual of Omaha’s Medicare Advantage business as per the latest insurance acquisition news. As part of the deal, Essence Healthcare is acquiring Mutual of Omaha Medicare Advantage Company (MOMAC) and Medicare Advantage Company of Omaha (MAICO). The two subsidiaries of Mutual of […]
ProAssurance acquisition of NORCAL Group : Alabama-based property and casualty company ProAssurance has signed a $450 million to acquire NORCAL Group, a provider of medical professional liability insurance. As per the latest insurance acquisition news, ProAssurance is aiming to create the third largest medical professional liability insurance carrier in the US through the merger. The […]
Securian Financial Group said that its subsidiary Canadian Premier Life Insurance Company has signed a deal to acquire the Canadian block of business from Gerber Life Insurance Company for an undisclosed price. Gerber Life Insurance Company is a subsidiary of Western & Southern Financial Group. Its Canadian block of business comprises mainly Grow-Up whole life […]
Relation Insurance Services has acquired California-based employee surety firm Pope & Young Bonding for an undisclosed price, in a move to continue the expansion of its property and casualty (P&C) platform. Headquartered in Clovis, Pope & Young Bonding is said to specialize in contract, license and permit, court, and fidelity bonds. The transaction expands the […]
Global insurance brokerage Arthur J. Gallagher & Co. has acquired Affiliated Benefit Consultants, an Illinois-based benefits consultant, for an undisclosed price, as per the latest insurance acquisition news. Headquartered in Oakbrook, Affiliated Benefit Consultants is said to provide a comprehensive suite of benefits consulting services to clients across the country. Affiliated Benefit Consultants was established in […]