PCF Insurance Services, an American insurance brokerage firm, has acquired Virginia-based specialty insurance and home warranty company Professional Warranty Service Corporation (PWSC). The financial terms of the deal were not disclosed. Headquartered in Chantilly, Professional Warranty Service Corporation is engaged in providing risk management solutions across the US. The company is specialized in property management […]
PCF Insurance Services, an American insurance brokerage firm, has acquired United Underwriters, a property and casualty managing general agent (MGA), based in Utah. The financial terms of the deal were not disclosed. Established in 1998, United Underwriters is said to cater to over 150 agencies across the property and casualty MGA services and programs in […]
Intact Insurance Group USA, which operates as Intact Insurance Specialty Solutions, has agreed to acquire Highland Insurance Solutions, for an undisclosed price. Highland Insurance Solutions is the US construction unit of Tokio Marine Highland (TMH), which is being sold by Tokio Marine Kiln (TMK). Brad Irick — CEO of Tokio Marine Kiln said: “TMK is […]
White Mountains Insurance Group, a Bermuda-domiciled financial services holding company, has agreed to sell NSM Insurance Group to investment funds affiliated with Carlyle for $1.775 billion. NSM Insurance Group is a US-based full-service managing general agent (MGA) and program administrator for specialty property and casualty insurance. It places insurance in niche sectors like social services, […]
Cornell Capital and Hudson Structured Capital Management (HSCM) have agreed to acquire majority stake in Vault Holdings, a provider of personal insurance to high-net-worth clients in the US, from Allied World Assurance. While Cornell Capital is a private equity firm, Hudson Structured Capital Management does its re/insurance business as HSCM Bermuda, which is an asset […]
The Ardonagh Group, a UK-based insurance broker, has acquired Thames Underwriting, an Essex-based specialist managing general agent (MGA) which offers insurance solutions to brokers in the construction, leisure, and commercial sectors. Financial terms of the deal were not disclosed. Headquartered in Leigh-on-Sea, Thames Underwriting is said to operate various delegated underwriting authorities on the behalf […]