Acquisitions ‹ Press Releases

Jul

2019

SOBC DARAG acquires Innovative Physicians Solutions RRG

Posted on 3rd July 2019 by Mazin Shammas and has No comment

SOBC DARAG today announced that it has acquired Innovative Physicians Solutions RRG in full, effective 1st July 2019. SOBC DARAG has received Vermont DFS’s approval for the transaction. Mark Tabler, the current COO of IPS, will transfer to SOBC DARAG after the sale to help with […]

Mar

2019

Arthur J. Gallagher & Co. signs agreement to acquire Jardine Lloyd Thompson Group’s global aerospace operations

Posted on 4th March 2019 by Mazin Shammas and has No comment

Arthur J. Gallagher & Co. (NYSE: AJG) today announced the signing of an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with the closing of the JLT […]

Jan

2019

elseco acquires MGA Malakite and Zurich-based airlines & products portfolio from StarStone

Posted on 31st January 2019 by Mazin Shammas and has No comment

elseco, the high-tech specialty underwriting platform, has entered into an agreement with global specialty insurer StarStone to acquire its Dubai-based MGA, Malakite Underwriting Partners Ltd., and the renewal rights to StarStone’s Zurich-based airlines & products portfolio. Under a new strategic partnership arrangement, StarStone will continue to […]

Dec

2018

China Re completes acquisition of Chaucer Holdings Ltd

Posted on 31st December 2018 by Gavin Warren and has No comment

China Reinsurance (Group) Corporation (“China Re”) today announces it has completed its 100% equity acquisition of Hanover Insurance International Holdings Ltd (the holding company of “Chaucer Holdings Ltd.”) from The Hanover Insurance Group, Inc. The acquisition of Chaucer Insurance Company DAC (Chaucer Dublin) and Hanover Australia […]

Dec

2018

Gallagher Bassett acquires Property Claims Management Services Limited

Posted on 12th December 2018 by Mazin Shammas and has No comment

Gallagher Bassett (GB) has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Limited (PCMS). With origins dating back to 1991, the Tamworth, Staffordshire based PCMS business provides property claims management services to insurers and commercial third-party claims administrators through […]

Dec

2018

Gallagher extends footprint in South-West with acquisition of UK regional commercial broker Pavey Group

Posted on 7th December 2018 by Mazin Shammas and has No comment

Global insurance broker, risk management and consulting firm Gallagher today announces the acquisition of leading South West commercial insurance broker Pavey Group Holdings (UK) Limited (trading as Pavey Group) in the UK. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey […]

Nov

2018

DARAG Guernsey acquires SOBC Services and agrees to acquire four US carriers and a Bermuda-based cell, subject to change of control approval

Posted on 20th November 2018 by Mazin Shammas and has No comment

Further to the announcement in July regarding the joint venture between DARAG and SOBC, we are delighted to announce that DARAG Guernsey via its wholly owned subsidiary, SOBC DARAG Holdings Ltd has now acquired the entire share capital of SOBC Services. SOBC Services is focused on […]

Nov

2018

Gallagher acquires majority stake in specialist UK property owners broker Vasek Insurance

Posted on 7th November 2018 by Mazin Shammas and has No comment

Global insurance broker, risk management and consulting firm Gallagher today announced that is has acquired a controlling interest in Purple Bridge Group Limited — the holding company of UK specialist property insurance provider Vasek Insurance Services Limited (“Vasek”). The deal includes Vasek’s appointed representative Insure My […]

Nov

2018

SOBC DARAG completes its first US acquisition

Posted on 5th November 2018 by Mazin Shammas and has No comment

SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist and DARAG, the leading legacy acquirer, is pleased to announce the completion of its first acquisition; Peachtree Casualty Insurance Company (“Peachtree”). The acquisition of Florida-based Peachtree was completed after receipt of Florida Office of […]

Oct

2018

Gallagher acquires South Coast-based UK commercial insurance broker Portmore

Posted on 18th October 2018 by Mazin Shammas and has No comment

Global insurance broker, risk management services and consulting firm Gallagher today announces the acquisition of Portmore Insurance Brokers Limited and Portmore Insurance Brokers (Wiltshire) Limited (“Portmore”) in the UK. Terms of the transaction were not disclosed. Based in Southampton, Portmore was established in 2006 as a […]

Aug

2018

DARAG announces joint venture, SOBC DARAG, to assist US market expansion and makes first US acquisition

Posted on 13th August 2018 by Gavin Warren and has No comment

DARAG, the leading legacy acquirer, and SOBC, the US-based run-off specialist, today announce the formation of a joint venture, SOBC DARAG, in Delaware, to support DARAG’s expansion into the US and Bermuda/Caribbean run-off markets. The joint venture combines the experience and strong capital access of DARAG […]

Jul

2018

TMK completes acquisition of WNC Holdings

Posted on 9th July 2018 by Mazin Shammas and has No comment

Tokio Marine Kiln (TMK) today announced that it has bought the remaining 51 per cent share in WNC Holdings – a market leading provider of specialty insurance products and services for US-based clients. WNC, a Managing General Underwriter, provides a range of specialty risk management solutions […]

Jun

2018

Zurich-based Hesse & Partner AG joins forces with global insurance broker and risk management services firm Gallagher

Posted on 11th June 2018 by Mazin Shammas and has No comment

Global insurance broker, risk management services and consulting firm Gallagher has expanded its speciality broking capabilities and broadened its footprint in continental Europe by acquiring a 65% stake in specialist Swiss broker Hesse & Partner AG and Hesse Consulting GmbH (“Hesse”). Terms of the transaction were […]

May

2018

Gallagher acquires UK regional commercial insurance broker Risk Services (NW) Ltd

Posted on 9th May 2018 by Mazin Shammas and has No comment

Gallagher today announces the acquisition of regional commercial insurance broker Risk Services (NW) Ltd (‘Risk Services’) based in Chester. Terms of the transaction were not disclosed. Risk Services was established in 1999 by Managing Director Steve Lowe to deliver tailor-made cost-effective solutions for corporate and commercial […]

Mar

2018

Gallagher deepens transportation & logistics expertise in Canada with acquisition of Palmer Atlantic

Posted on 12th March 2018 by Mazin Shammas and has No comment

Gallagher has extended its investment in Canada and strengthened its focus on building national industry practices with the acquisition of specialist commercial insurance broker Palmer Atlantic. Terms of the transaction were not disclosed. Based in Hartland, New Brunswick, Palmer Atlantic has been serving clients across the […]

Mar

2018

Centerbridge-led consortium completes Canopius acquisition

Posted on 9th March 2018 by Mazin Shammas and has No comment

Canopius today announces the completion of its acquisition by a private equity consortium led by Centerbridge Partners, L.P. (“Centerbridge”), which includes private investment firm Gallatin Point Capital LLC. Having received all necessary regulatory consents, Canopius is once again a standalone business, led by chairman Michael Watson […]

Mar

2018

Asta Capital sells Pelican Underwriting to Manchester Underwriting Management

Posted on 2nd March 2018 by Mazin Shammas and has No comment

Asta, the leading third party managing agent at Lloyd’s, today announced it has completed the sale of its managing general agent (MGA) Pelican Underwriting One Limited (Pelican), which trades as Pelican Underwriting, to Manchester Underwriting Management Limited (MUM), a specialist MGA operating internationally and in the […]

Jan

2018

Preservation Capital Partners completes Ascent acquisition

Posted on 25th January 2018 by Gavin Warren and has No comment

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, today announced the completion of its acquisition by Preservation Capital Partners, having obtained FCA approval. The existing Ascent management team will retain a significant shareholding in the company, and continue to manage the business during its next […]

Jan

2018

Beach announces acquisition by Acrisure, LLC

Posted on 10th January 2018 by Gavin Warren and has No comment

Beach & Associates (‘Beach’) announces that an agreement has been reached under which Acrisure, LLC (“Acrisure”) will acquire 100% of the Company’s equity from existing shareholders, which include Aquiline Capital Partners (“Aquiline”), a New York based private equity firm investing in financial services and financial technology, […]

Aug

2017

Compre completes fifth acquisition of the year

Posted on 21st August 2017 by Gavin Warren and has No comment

Compre, the independent insurance and reinsurance legacy specialist, today announces it has acquired a further legacy portfolio from major Norwegian insurer Gjensidige Forsikring ASA* (Gjensidige) for an undisclosed sum. The portfolio comprises US asbestos, pollution and health hazard (APH) risks underwritten between 1983 and 1985. The […]

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