Westpac to sell NZ life insurance business to Fidelity Life Assurance

Pallavi Madhiraju- July 6, 2021 0

Westpac has agreed to sell its New Zealand life insurance business - Westpac New Zealand Limited to Fidelity Life Assurance Company for NZD 400 million ... Read More

AXA to divest Malaysian insurance business to Generali for €140m

Pallavi Madhiraju- June 23, 2021 0

French insurance company AXA has agreed to divest its insurance operations in Malaysia to Italian insurer Generali for €140 million. The sale includes AXA’s 49.99% ... Read More

Bamboo Insurance acquires certain assets of First American Property and Casualty Insurance Agency

Pallavi Madhiraju- June 20, 2021 0

Bamboo Insurance, an Utah-based insurtech company, has acquired some of the assets of First American Property and Casualty Insurance Agency (FAPCIA) from First American Financial ... Read More

Strategic Benefit Resources acquires OneSource StopLoss

Pallavi Madhiraju- June 20, 2021 0

Strategic Benefit Resources (SBR), an Atlanta-based company that partners with employee benefit advisors, third party administrators, and other intermediaries, has acquired OneSource StopLoss (OSSL). The ... Read More

HDFC to sell 5% stake in HDFC ERGO to HDFC Bank for $260m

Pallavi Madhiraju- June 19, 2021 0

Housing Development Finance Corporation (HDFC) said that its board has approved the sale of a 4.99% stake for INR 10 per share or INR 1,906 ... Read More

Arthur J. Gallagher takes full ownership of Hesse and Partner

Pallavi Madhiraju- June 15, 2021 0

Arthur J. Gallagher & Co. has taken full ownership of Switzerland-based Hesse & Partner and Hesse Consulting (together called Hesse and Partner) by acquiring the ... Read More

Integrity Marketing Group acquires life insurance firm Theodore Group

Pallavi Madhiraju- June 15, 2021 0

Integrity Marketing Group, an American life and health insurance products distributor, has acquired Theodore Group for an undisclosed price. Based in Kissimmee, Florida, Theodore Group ... Read More

Amwins acquires Maryland-based general agent M.T. Donahoe & Associates

Pallavi Madhiraju- June 13, 2021 0

Amwins, a US-based specialty insurance products and services distributor, has acquired CBIZ M.T. Donahoe & Associates (MTDA), a Maryland-based general agent, which specializes in employee ... Read More

OLI Insurance Services acquires Valley General Insurance Services

Pallavi Madhiraju- June 13, 2021 0

Heffernan Insurance Brokers’ subsidiary OLI Insurance Services has acquired California-based Valley General Insurance Services for an undisclosed price. Valley General Insurance Services will continue to ... Read More

Aon to sell US retirement business and Aon Retiree Health Exchange for $1.4bn

Pallavi Madhiraju- June 6, 2021 0

Aon has signed two separate deals to divest its US retirement business to Aquiline Capital Partners and its Aon Retiree Health Exchange business to Alight ... Read More