M&A
PHLY Makes Largest Acquisition in Its History With Collector Car Business Expansion
Philadelphia Insurance Companies announced the acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle-backed portfolio company. The transaction, valued at $615 million, is the ...
AIG Joins Private Equity Firm Onex to Acquire Convex Group
Convex Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced a new, long-term ownership structure led by private equity firm Onex Corp., with American International Group becoming ...
Starr Acquiring IQUW; Starr Managing Agency Among 10 Largest at Lloyd’s
Starr, a global investment and insurance organization, announced that it has entered into a definitive agreement to acquire IQUW Group, a specialty insurance and reinsurance business that combines ...
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Biz Worth $2B
American International Group said yesterday that it has a definite agreement to acquire the renewal rights of Everest Group's retail commercial insurance business. Everest will focus on its ...
Bold Penguin Acquires SquareRisk to Expand Specialty, E&S Access
InsurTech Bold Penguin said it has acquired SquareRisk, a digital, artificial intelligence-enabled wholesale insurance marketplace. Bold Penguin said users of its quoting software will now have ...
The MEMIC Group to Acquire The Dakota Group, Including Risk Administration Services
Workers compensation specialty insurer The MEMIC Group, led by parent company Maine Employers' Mutual Insurance Company, has entered into an agreement to acquire The ...
SageSure and Affiliate to Acquire Olympus MGA and Olympus Insurance in Florida
In a three-way deal involving carriers, underwriters, holding companies and more, catastrophe-focused managing general underwriter SageSure announced it will acquire the managing general agent for ...
Exclusive: Applied System Acquires AI-Enabled Risk Digitalization Firm Cytora
Applied Systems announced the acquisition of Cytora, a digital risk processing platform for the insurance industry, in an effort to accelerate connecting the dots within the insurance ecosystem, ...