Harford Mutual Insurance Group announces its plan to merge into the Group, ClearPath Mutual Insurance Company, a monoline workers’ compensation carrier in Louisville, Kentucky.
Tag: insurance merger
Hub International Acquires The Spofford Group Insurance Brokerage, Ltd.
Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of The Spofford Group Insurance Brokerage, Ltd. (The Spofford Group). Terms of the transaction were not disclosed. Located in Hingham, Massachusetts, The Spofford Group is an independent brokerage firm that provides banks, private equity… Continue reading Hub International Acquires The Spofford Group Insurance Brokerage, Ltd.
UK Insurance Firm Howden Buys Broker Aston Lark
UK insurance firm Howden Group has bought UK insurance broker Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, the firms said on Wednesday. Howden paid 1.1 billion pounds ($1.5 billion) for the acquisition, according to a source familiar with the matter, its largest acquisition to date. The deal will create a UK business… Continue reading UK Insurance Firm Howden Buys Broker Aston Lark
EU Regulators Set July 27 Deadline for Aon-Willis Deal
European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Wednesday. Aon, which announced the deal a year ago to create the world’s largest insurance broker ahead of world No. 1 Marsh & McLennan Companies… Continue reading EU Regulators Set July 27 Deadline for Aon-Willis Deal
USI Insurance Services Acquires Venneberg Insurance
USI Insurance Services (“USI”), a world leader in risk management, employee benefit and retirement consulting, today announced the acquisition of Sitka, Alaska-based Venneberg Insurance. Founded in 1984, Venneberg Insurance is an independent risk management and insurance agency serving businesses and individuals throughout Southeast Alaska. All of the agency’s employees, including Mike Venneberg, owner and principal,… Continue reading USI Insurance Services Acquires Venneberg Insurance
Brown & Brown Backs Out of Deal to Acquire Cincinnati-Based Hauser Inc. After Founder’s Plea Deal
Brown & Brown, Inc. today announced today that it has terminated with immediate effect the previously announced agreement to acquire the assets of Hauser, following news that founder Mark Hauser was pleading guilty in connection with the Varsity Blues scandal. The transaction was expected to close in September 2020, subject to certain closing conditions. The… Continue reading Brown & Brown Backs Out of Deal to Acquire Cincinnati-Based Hauser Inc. After Founder’s Plea Deal
Sources Say Generali Looking to Acquire U.S. Asset Manager Brightsphere
Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal would expand the U.S. footprint of Italy’s top insurer while enabling Brightsphere’s largest shareholder, hedge fund Paulson & Co, to cash out. There is no certainty… Continue reading Sources Say Generali Looking to Acquire U.S. Asset Manager Brightsphere
Ryan Specialty Group and All Risks Sign Definitive Agreement to Merge
Ryan Specialty Group, LLC (RSG) and All Risks, Ltd. (All Risks) are pleased to announce they have signed a definitive agreement to merge. The two firms are insurance specialists with strengths that complement one another. Both have proven track records of excellence in transactional wholesale distribution and managed underwriting businesses in the form of managing… Continue reading Ryan Specialty Group and All Risks Sign Definitive Agreement to Merge
Hyperion Merges Howden and RKH Bringing Together Retail and Specialist Broking Expertise
Hyperion Insurance Group is merging its retail and specialist broking businesses, Howden and RKH, to be led by José Manuel González as chief executive officer. Hyperion said that combining the two broking operations under a single management will deliver “seamless access” for clients by bringing together Howden’s international retail network and RKH’s specialty and reinsurance… Continue reading Hyperion Merges Howden and RKH Bringing Together Retail and Specialist Broking Expertise