The Hartford Financial Services Group has rejected the $23.24 billion takeover offer from Swiss property and casualty insurer Chubb citing that it will not be in the best interests of the company and its shareholders. As a result, the US-based property and casualty insurance company will not enter into talks with Chubb regarding the latter’s […]
Chubb Hartford merger : Swiss property and casualty insurance company Chubb has offered to acquire The Hartford Financial Services Group for $65 per share or $23.24 billion in a cash-cum-stock deal. The Hartford Financial Services Group is a US-based property and casualty insurance company. According to Chubb, the merger of the companies will be strategically […]
TowerBrook Capital Partners and Further Global Capital Management through their affiliates have signed an all-cash deal worth around $586m to acquire ProSight Global, US-based specialty insurance company. Established in 2009, ProSight Global is based in Morristown, New Jersey. The company is engaged in offering property and casualty insurance solutions. ProSight Global is said to write […]
Westland Insurance Group, a Canadian property and casualty insurance broker, has wrapped up its previously announced acquisition of Storm Insurance Group based in Nova Scotia. The deal was announced in December 2020. It gives Westland Insurance new branches in the Western, Central, Quebec, and Atlantic regions, along with more than 120 employees in half a […]
Westland Insurance Group, a Canadian property and casualty insurance broker, has acquired Gillons Insurance Brokers for an undisclosed price. The transaction marks the first acquisition for Westland Insurance Group in Ontario. It is also said to support the expansion strategy of the company to become a national insurance brokerage. Gillons Insurance Brokers, which was established […]
The Hilb Group (THG), a US middle market insurance agency, has acquired Massachusetts-based Eldredge & Lumpkin Insurance Agency (E&L) for an undisclosed price, as per the latest insurance acquisition news. The deal became effective on 1 July 2020, said The Hilb Group. Headquartered in Chatham, Eldredge & Lumpkin Insurance Agency is a full service insurance […]
CBIZ, a provider of financial, insurance, and advisory services, has acquired almost all the assets of Prince-Wood Insurance based in Woodbridge, Virginia, for an undisclosed price. Founded in 1967, Prince-Wood Insurance caters to small and mid-sized businesses in Northern and Central Virginia, Maryland and Washington, DC. with property and casualty insurance solutions. Prince-Wood Insurance has […]
Inszone Insurance Services, a California-based insurance agency, has acquired Global Pro Insurance Services, which has has been engaged in property and casualty insurance services since the 1990s in the Bay Area. Financial terms of the deal were not disclosed. Global Pro Insurance Services has been serving both individuals and businesses. The deal marks the 12th […]
Nationwide Generali joint venture : US insurance group Nationwide Mutual Insurance Company is set to create a joint venture (JV) called N2G Worldwide Insurance Services with Italian insurance giant Assicurazioni Generali with an objective to offer multinational commercial insurance solutions. Generali will take part in the insurance joint venture through its property and casualty insurance […]
CBIZ has acquired considerably all the assets of Alliance Insurance Services (AIS) based in Washington, DC, for an undisclosed price, as per the latest insurance acquisition news. Alliance Insurance Services, which has roots dating back to 1986, is an independent insurance agency that serves the DC metro area. The insurance agency offers property and casualty […]