M&A
Broker Hub International Acquires Firm With Focus on Korean American Community
Hub International Ltd. said it has snatched up the assets of City Insurance Services and its related affiliates. The Chicago-based global insurance brokerage did not disclose financial terms, though ...
Canada P/C Giant Desjardins Seeks Acquisitions
Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada's big financial services firms, Chief ...
The Hartford CEO Swift Open to Larger Acquisitions That ‘Accelerate’ Existing Growth Plans
The Hartford Chairman and CEO Christopher Swift said he remains interested in potential acquisitions – even large ones – less than a year after completing a noteworthy M&A deal in mid-2016. ...
Vertafore Acquires RiskMatch
Insurance technology firm Vertafore said it has acquired RiskMatch, a Connecticut-based business intelligence and analytics company that provides portfolio management and placement services to ...
States Approve Motorists Mutual, BrickStreet Mutual ‘Super Regional’ Joint Venture
Ohio-based property/casualty insurer Motorists Mutual Insurance Co. and West Virginia-based workers' compensation insurer BrickStreet Mutual Insurance Co. Inc., have been granted regulatory approvals ...
Hamilton Re Will Snatch Up Canopius’ Excess Casualty Renewal Rights
Hamilton Re said it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.'s excess casualty insurance book of business. Neither side disclosed financial details. The ...
Clunky M&A Deals Are Spurring Uptick in Insurance Claims: AIG Study
Faulty mergers and acquisitions have spurred an uptick in insurance claims as dealmakers overstated profits or breached accounting rules, insurer American International Group Inc. said in a study of ...
AmWINS Will Buy Partners Specialty Group, Adding to Already Giant Broker Operation
Specialty insurance brokerages AmWINS Group Inc. and Partners Specialty Group LLC have agreed to merge, creating a combined firm that will place a whopping $14 billion in annual premiums. Neither ...