Latest Posts Under: Insurance industry news

World Insurance Associates acquires Virginia Insurance Partners

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 to acquire Willis Towers Watson in $30bn all-stock deal

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 acquires surety underwriting automation platform eSURETY

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 […]

Hub International acquires Harris, Madden, Powell, Stallings & Brown

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 […]

Medicare Advantage provider Alignment Healthcare raises $135m in Series C round

Alignment Healthcare, a Medicare Advantage insurance company, has secured $135 million funding in a Series C round to bring its model for enhanced care to more seniors. The funding came from Fidelity Management & Research Company, Durable Capital Partners, and funds and accounts advised by T. Rowe Price Associates. The new capital partners join Alignment […]

Arthur J. Gallagher acquires New York based wholesale insurance broker CMS

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, […]

Nationwide, Generali to create N2G Worldwide Insurance Services JV

Nationwide Generali joint venture : US insurance group Nationwide Mutual Insurance Company is set to create a joint venture (JV) called N2G Worldwide Insurance Services with Italian insurance giant Assicurazioni Generali with an objective to offer multinational commercial insurance solutions. Generali will take part in the insurance joint venture through its property and casualty insurance […]

Essence Healthcare to acquire Mutual of Omaha’s Medicare Advantage business

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 […]

UK insurtech company Concirrus raises $20m in Series B round

Concirrus, a London based marine and automotive insurtech company, has raised $20 million in a Series B funding round led by AlbionVC, the technology investment arm of Albion Capital Group. Current investors IQ Capital, EOS Venture Partners and several angel investors also took part in the funding round. The British insurtech company has developed Quest, […]

US cyber insurance company At-Bay raises $34m in Series B round

At-Bay, a California based cyber insurance company, has raised $34 million in a Series B funding round for fast tracking development of its cyber security monitoring service and for launching its insurance products. The Series B round in the cyber insurance provider was led by Acrew Capital and Munich Re Ventures, via its HSB fund. […]

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