M&A
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 Dakota Group, including Risk ...
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, ...
Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access
Sompo Holdings said a wholly owned subsidiary of Sompo International Holdings has an agreement in place to acquire Aspen Insurance Holdings for about $3.5 billion to further its geographical reach ...
Verisk’s $2.35B Buy of AccuLynx ‘Natural Fit’ for Claims Management Solutions
Insurance data analytics and technology firm Verisk said it has an agreement in place to acquire AccuLynx, a software-as-a-service platform designed for residential roofing contractors, for $2.35 ...
White Mountains Acquiring Majority Stake in MGA Distinguished Programs
Bermuda-based financial services holding company White Mountains Insurance Group, Ltd. announced that it has entered into an agreement to acquire a majority stake in Distinguished Programs. ...