The Hilb Group, LLC (THG) announced today the acquisition of South Carolina-based Huckaby & Associates, Inc. (“Huckaby”). The transaction became effective December 1, 2018. Founded in 1976, Huckaby provides a full range of property and casualty insurance solutions to businesses and individuals throughout South Carolina, North Carolina, and Georgia. Huckaby specializes in commercial business insurance,… Continue reading The Hilb Group Expands Southeast Presence through Acquisition of Huckaby & Associates Inc.
Tag: P&C insurance
$7 Billion Acrisure Refuels for Further M&A Growth
Acrisure has secured significant new investment from key backers led by Blackstone in a transaction that implies a valuation of over $7bn for the rapidly growing US-based intermediary. Grand Rapids, Michigan-headquartered Acrisure said in a statement that Blackstone, Partners Group and Harvest Partners SCF had supported the transaction, which means they had now invested or… Continue reading $7 Billion Acrisure Refuels for Further M&A Growth
Zurich on Track to Hit 2019 Financial Targets
Zurich Insurance Group has announced that it is on track to fully meet its 2017-2019 financial targets and is well positioned to deliver future earnings growth and attractive shareholder returns. Speaking at the Group’s investor day today, Chief Executive Officer (CEO) Mario Greco is to detail how the company has made strong progress since rebalancing… Continue reading Zurich on Track to Hit 2019 Financial Targets
Arch Insurance Announces Closing of Acquisition of McNeil & Co.
Arch Capital Group Ltd. today announced the completion of its previously disclosed acquisition of McNeil & Co., a nationwide leader in specialized risk management and insurance programs. McNeil & Co., headquartered in Cortland, New York, will operate as an independent, wholly owned subsidiary of Arch Insurance. “We are excited to complete this transaction, which will… Continue reading Arch Insurance Announces Closing of Acquisition of McNeil & Co.
Zurich Partners with Claims Insurtech Snapsheet
Zurich Insurance Group is partnering with Snapsheet, a provider of virtual claims technology, as it looks to streamline its customer experience and drive new and innovative tech implementations. Snapsheet’s software as a service (SaaS) platform allows intake of information from various customer channels including e-mail, text, or a web and mobile app. This, the company… Continue reading Zurich Partners with Claims Insurtech Snapsheet
AmTrust $2.95B Take-Private Deal Gets Regulatory Approval
AmTrust’s $2.95bn take-private deal with Stone Point Capital is set to close today after the insurer announced yesterday evening that the transaction has been given the green light by regulators. Closing the deal has been a lengthy process, with AmTrust chairman and CEO Barry Zyskind, his wife’s family the Karfunkels and backers led by private… Continue reading AmTrust $2.95B Take-Private Deal Gets Regulatory Approval
Global Economic Growth Solid But Slowing; Emerging Asia Will Continue to Power Insurance Market: Sigma
Global economic growth will remain strong over the next two years, although momentum has peaked. Swiss Re Institute’s latest sigma “Global economic and insurance outlook 2020” says the still-positive economic momentum will support the insurance sector, with global premiums up more than 3% annually over the next two years in real terms, a one-percentage point… Continue reading Global Economic Growth Solid But Slowing; Emerging Asia Will Continue to Power Insurance Market: Sigma
Willis Towers Watson Appoints Victor Ganzi Chairman of the Board Effective January 1, 2019
Willis Towers Watson, a leading global advisory, broking and solutions company, announced today that, three years after the merger of Willis and Towers Watson, James McCann will complete his current term as Chairman of the Board. He will continue to serve as a Director and as Chairman of the Nominating and Governance Committee. McCann will… Continue reading Willis Towers Watson Appoints Victor Ganzi Chairman of the Board Effective January 1, 2019
Zurich Partners with Insurtech Greater Than
Zurich Insurance UK has partnered with insurtech firm Greater Than to implement Greater Than’s artificial intelligence (AI)-based, digital risk assessment platform on the entire Sixt car fleet in Ireland. The user-based, digital risk assessment and fleet management solution is expected to increase safety and reward a safe driving behavior, enabled through technology from Greater Than… Continue reading Zurich Partners with Insurtech Greater Than
Allianz Profits Jump Thanks to Improvements in Productivity
Allianz on Friday confirmed its full-year profit target after reporting a third quarter performance that was in line with analyst expectations and benefited from lower natural catastrophe claims. The Munich-based insurance group generated €30.5bn in revenues between July and September, 7.9 percent more than a year ago. At €3bn, operating profit in the quarter was… Continue reading Allianz Profits Jump Thanks to Improvements in Productivity