Shares in French reinsurer Scor rose on Wednesday after its shareholder Covea dropped a planned $9 billion acquisition, rekindling speculation that Covea may turn its attentions to Scor again. Covea’s plan to buy re-insurer PartnerRe from the Exor holding firm of Italy’s Agnelli family collapsed late on Tuesday after the French company attempted to renegotiate… Continue reading Covea Needs Plan B after Exor Refuses to Budge on PartnerRe Price
Tag: insurance acquisition
USI Insurance Services Acquires Chapman & Chapman
USI Insurance Services (“USI”), a world leader in risk management, employee benefit and retirement consulting, today announced the acquisition of Cleveland, Ohio-based Chapman & Chapman. Founded in 1886, Chapman & Chapman is a regional employee benefit and retirement consulting firm. Terms of the transaction were not disclosed. Commenting on the announcement, Walter Chapman, CEO, Chapman… Continue reading USI Insurance Services Acquires Chapman & Chapman
Arthur J. Gallagher Acquires Illinois-Based Affiliated Benefit Consultants
Arthur J. Gallagher & Co. has announced the acquisition of Affiliated Benefit Consultants, Inc., a US provider of benefit consulting services. Affiliated Benefit Consultants was founded in 1986 and is based in Oakbrook, Illinois. Following the acquisition, President John Araujo and his associates will continue to operate in their current location. Going forward, they will… Continue reading Arthur J. Gallagher Acquires Illinois-Based Affiliated Benefit Consultants
Covea Reportedly in Talks to Buy Agnellis’ PartnerRe for $9B Cash
French insurer Covea is in advanced talks with the Agnelli’s Exor NV to buy the Italian company’s reinsurance business PartnerRe for about $9 billion cash, Bloomberg reported, citing people familiar with the talks. The report specified that the discussions are advanced but may still not produce a deal. Covea approached Exor with an offer for… Continue reading Covea Reportedly in Talks to Buy Agnellis’ PartnerRe for $9B Cash
AJ Gallagher Takes 100% Ownership of Capsicum Re
Arthur J. Gallagher & Co. has announced that it has increased its interest in Capsicum Reinsurance Brokers LLP to 100% from the previous 33%, effective January 1st, 2020. Grahame Chilton and Rupert Swallow founded Capsicum Re in December 2013 through a strategic partnership with Gallagher. Since then, the firm has grown to become the 5th… Continue reading AJ Gallagher Takes 100% Ownership of Capsicum Re
The Hilb Group, LLC Acquires Wickford Insurance Agency, Inc.
The Hilb Group, LLC (“THG”) announced the acquisition of Rhode Island-based Wickford Insurance Agency, Inc. (“WIA”). The transaction became effective December 1, 2019. WIA is a full-service property and casualty insurance agency for businesses and individuals throughout Rhode Island. WIA’s associates will join THG’s Rhode Island operations under the management of Chris Schneider and Derek… Continue reading The Hilb Group, LLC Acquires Wickford Insurance Agency, Inc.
Altamont Capital Partners Signs Agreement to Acquire Topa Insurance Group
Altamont Capital Partners (Altamont) and Topa Insurance Group (Topa) are pleased to announce that Altamont has signed a definitive agreement to acquire Topa from its long-time owner, Topa Equities Ltd., subject to customary closing conditions, including receipt of required regulatory approvals. While Altamont will assume majority control, Topa Equities will maintain a minority equity stake… Continue reading Altamont Capital Partners Signs Agreement to Acquire Topa Insurance Group
Alliant Acquires Degginger McIntosh & Associates
Alliant has acquired Degginger McIntosh & Associates. The Washington State insurance brokerage firm brings a 56-year legacy of excellence in insurance, risk management, and employee benefits to Alliant’s growing Pacific Northwest operations. In addition to enhancing Alliant’s comprehensive property and casualty footprint, the acquisition stands in direct strategic alignment with the firm’s regional employee benefits… Continue reading Alliant Acquires Degginger McIntosh & Associates
AmWINS Group, Inc. Completes Acquisition of Atlantic Risk Specialists Companies
AmWINS Group, Inc. (“AmWINS”), a global distributor of specialty insurance products and services, is pleased to announce that it has completed the acquisition of ARS, a full-service wholesaler and managing general agent comprised of two entities: Atlantic Risk Specialists, Inc. and ARS-Latiff, LLC. ARS, which has offices in New Jersey, New York, and Florida, will… Continue reading AmWINS Group, Inc. Completes Acquisition of Atlantic Risk Specialists Companies
RSG Finalizes Acquisition of Atlantic Specialty Lines, Inc.
Ryan Specialty Group, LLC, is pleased to announce that it acquired the assets and operations of Atlantic Specialty Lines, Inc. (ASL) on June 1, 2019. ASL is headquartered in Richmond, VA and has additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas. The ASL team is now a part of R-T Specialty, LLC… Continue reading RSG Finalizes Acquisition of Atlantic Specialty Lines, Inc.