Hilb Group acquires P&C consulting firm Parallel Risk Advisors
The Hilb Group (THG), a Virginia-based property and casualty and employee benefits insurance brokerage and advisory company, has acquired Parallel Risk Advisors (PRA) based in ... Read More
Security Service Insurance acquires Pace Insurance Managers
Security Service Insurance said that it has acquired Pace Insurance Managers, an insurance agency based in Springhill, Louisiana, for an undisclosed price. Pace Insurance Managers ... Read More
Genworth Financial scraps $2.7bn merger deal with China Oceanwide
US insurance company Genworth Financial said that it has exercised its right to scrap its $2.7 billion merger deal with Chinese investment company China Oceanwide ... Read More
The Hilb Group acquires employee benefits agency Andrews Benefits
The Hilb Group (THG), a US property and casualty (P&C) and employee benefits insurance brokerage, has acquired Andrews Benefits based in Connecticut for an undisclosed ... Read More
Gallagher acquires claims investigation firm Terrier Claims Services
Arthur J. Gallagher & Co. said that Gallagher Bassett Services (GB), its risk management services subsidiary, has acquired Terrier Claims Services (TCS) and its affiliate - MT ... Read More
Northwest Bank to sell insurance business to USI Insurance Services
Pennsylvania-based Northwest Bank has agreed to divest its insurance business - Northwest Insurance Services to insurance brokerage USI Insurance Services for an undisclosed price. Northwest ... Read More
US insurtech company Next Insurance raises $250m in new funding round
Next Insurance, a US digital insurtech company which provides small business insurance, has raised $250 million in a Series E round to take its valuation ... Read More
Allstate Life Insurance Company of New York to be sold to Wilton Re
The Allstate Corporation, an Illinois-based insurance company, has agreed to sell Allstate Life Insurance Company of New York (ALNY) to Wilton Re for $220 million. ... Read More
Aviva to sell Aviva Poland to German insurer Allianz for €2.5bn
Aviva, a UK-based multinational insurance company, has agreed to divest its Polish business - Aviva Poland to German insurance company Allianz for €2.5 billion in ... Read More
AIA Group signs $650m bancassurance deal with Bank of East Asia
AIA Group has signed a new exclusive 15-year bancassurance deal worth HK$5.07 billion ($650 million) with The Bank of East Asia (BEA), which covers Hong ... Read More