M&A
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Gallagher expects AssuredPartners deal to close in the Autumn despite regulatory queries
Executives at Arthur J. Gallagher said they are surprised by antitrust regulators’ request for more information on the broker’s planned…
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BMS completes deal for Spanish broker Rasher
BMS Group has completed the acquisition of Spanish insurance broker Rasher and its Latin American subsidiaries. Rasher specialises in surety,…
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European insurance M&As hit record high
The number of European insurance mergers and acquisitions rose by 20% in 2024 to reach a record 694 deals, according…
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Howden closing in on Risk Strategies acquisition, reports
Howden is reportedly close to finalising a deal to acquire Risk Strategies, a privately held US brokerage firm with more…
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Allianz to sell Indian joint venture stake
Allianz is to sell its 26% stake in its Indian non-life and life insurance joint ventures to Bajaj Group for…
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Greek bank acquires Ethniki Insurance
A majority stake in Greek insurer Ethniki Insurance has been acquired by Piraeus Bank. Private equity firm CVC Capital Partners…
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Insurance M&As slump in 2024, says Clyde & Co
Insurance carrier M&A activity in UK and Europe saw a 48% drop in 2024, while global carrier M&A slumped to…
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Arthur J. Gallagher acquires Philippines insurance broker
Arthur J. Gallagher & Co has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers (Philinsure), following a…
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PIB Group acquires litigation insurer Litica
Specialist insurance intermediary PIB Group has expanded its MGA business after acquiring Litica, a UK-based insurer focused on litigation coverage.…
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Aon acquires in-house insurance agency business of Mitsubishi Chemical Group
Aon has successfully completed the transaction to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG). The broker…
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Gallagher pushes back likely close of AssuredPartners deal
Arthur J. Gallagher said its proposed $13.45bn purchase of rival brokerage AssuredPartners will likely close in the second half of…
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Gallagher acquires Finnish broker
Gallagher has acquired Finnish broker Finib OY, as it increases its footprint in the Nordics. Finib serves more than 10,000…
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Gallagher to snap up Woodruff Sawyer for $1.2bn
Arthur J Gallagher is buying California-based broker Woodruff Sawyer for $1.2bn, as it continues its spending spree. Woodruff Sawyer provides…
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Marsh acquires Italian broker
Italy-based insurance broker Fontana Rava-Toscano & Partners (FRT) has been acquired by Marsh as part of the global broker’s Italian…
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Chubb acquires Liberty Mutual’s insurance businesses in Thailand and Vietnam
Chubb has expanded its Asian operations with agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam.…
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MGA Optio Group expands into Scandinavia with Norwegian acquisition
Specialty UK-based MGA Optio Group has expanded into Scandinavia with the acquisition of Norwegian-based MGA S Insurance AS for an…
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Howden acquires Western Australian general insurance broker
Howden has acquired Major Insurance Services, a general insurance broker based in Bunbury in Western Australia (WA). Jerom Major, director,…
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Talanx sells Ecuadorian entity HDI Seguros
The retail international division of the Talanx Group is selling its Ecuadorian entity HDI Seguros to Grupo Financiero Atlántida, a…
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Insurance M&A activity down in Asia Pacific in 2024, says S&P
There were 77 deals targeting insurance underwriters, insurance brokers or insurance technology companies in Asia Pacific in 2024, compared with…
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Miller’s revenues up 13% last year
Miller has posted record results for 2024, with revenues up 13% to £271m almost entirely driven by 12% organic growth.…