M&A
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Optio Group acquires warranty and indemnity MGA Brockwell Capital
Specialty MGA Optio Group has acquired Brockwell Capital, a leading warranty and indemnity (W&I) MGA and an approved Lloyd’s coverholder,…
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US insurtech Corvus acquires cyber underwriting platform from Beat Capital
Beat Capital Partners has sold cyber underwriting platform Tarian Underwriting to Corvus Insurance. Beat Capital said that with this deal,…
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Marsh takes large majority stake in Marsh India Insurance Brokers
Marsh has increased its shareholding in Marsh India Insurance Brokers from 49% to 92%. Marsh said it has acquired the…
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Austrian market less tricky for buyers but no time to relax, says HDI
Despite a fairly benign insurance market, Austrian corporates cannot afford to relax and must prepare for the next crisis, warns…
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Covéa to buy PartnerRe for $9bn
French mutual Covéa has agreed to buy PartnerRe from Exor for $9bn (€7.8bn) in cash, with the deal set to…
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Argo to focus on US specialty business as it sells ArgoGlobal SE
Bermuda-based specialty insurer Argo Group is to sell ArgoGlobal SE in order to focus on its US specialty business. Under…
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US fronter Concert Group forms excess and surplus lines carrier
Concert Group Holdings has formed an excess and surplus lines carrier domiciled in Montana, aimed at captives and programme business.…
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Insurance sector M&A activity accelerating and expected to remain strong next year
Insurance deal activity has accelerated in the second half of the year, with a big focus on broker consolidation, and…
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Marsh France buys affinity broker SAM
Marsh France has bought French broker SAM, a firm based in Île-de-France that specialises in affinity insurance. Terms of the…
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Willis Towers Watson acquires specialist aviation broker in Australasia
Willis Towers Watson (WTW) has acquired Aerosure, a leading aviation industry specialist based in Sydney, focused on the Australia, New…
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MRH Trowe continues German expansion with Helmig & Partner acquisition
German commercial broker MRH Trowe is buying Olfen-based specialty firm Helmig & Partner in its 11th bolt-on acquisition announced this…
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Sedgwick buys Belgian firm ABESIM to grow EFI Global business in Europe
Sedgwick is buying Belgian firm ABESIM as part of its EFI Global business that specialises in forensic engineering, environmental and…
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Gallagher completes $3.25bn Willis Re acquisition
A J Gallagher has completed its acquisition of Willis Re’s treaty business with a $3.25bn payment that could rise to…
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Pana Harrison (Asia) rebrands as Mitsui & Co takes majority shareholding
(Re)insurance broker Pana Harrison (Asia) (PHA) is to be rebranded as Mitsui Bussan Pana Harrison, following the decision by Mitsui…
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Norway’s DNV acquires Dutch cybersecurity firm
Norwegian risk management service provider DNV has bolstered its cybersecurity credentials with the acquisition of Netherlands-based Applied Risk. The Dutch…
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Mosaic launches international transactional liability platform in London
Specialty insurer Mosaic Insurance has established an international transactional liability platform based in London to initially focus on the UK…
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Westfield Specialty to acquire Argo Group’s US property business renewal rights
Westfield Specialty is to acquire the renewal rights of Argo Group’s US property, shared and layered property business. Westfield Specialty,…
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GC&C leads Generali growth with strong price increases
Generali Global Corporate & Commercial (Generali GC&C), the Italian group’s industrial and corporate insurance arm, achieved overall price increases of…
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RSA’s London market and European business merged into Intact’s global specialty unit
RSA’s London market and European business will be integrated into Intact Global Specialty Lines following Intact’s acquisition of RSA in…
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HDI Global takes 100% share of specialty arm to focus on growth
HDI Global has taken 100% control of fast-growing HDI Global Specialty through the purchase of sister company Hannover Re’s 49.8%…