All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Sri Lanka’s Sampath Bank, Union Assurance reach bancassurance deal
Sampath Bank customers will gain access to Union Assurance’s life insurance solutions, integrated into the bank’s portfolio.
Suncorp finalises sale of Asteron Life to Resolution Life
Asteron Life will retain its brand, continuing to operate as an independent, New Zealand-licensed life insurance entity.
PIB Group boosts Irish presence with John O’Donohue Insurances
The deal bolsters Campion’s North Dublin Hub, with the acquired entity relocating to the Campion office in Swords.
Loss adjuster GlobalPro launches new office in Atlanta, Georgia
The new Atlanta office is set to provide direct access to the resources to efficiently manage claims and accelerate recovery.
Marsh McLennan Q4 2024 attributable net income rises 4% to $788m
For the full year 2024, the company reported a net income of $4.06bn, an 8.27% increase from $3.75bn in 2023.
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Inszone Insurance expands with Texas Classic Insurance Agency purchase
The deal will enhance Inszone’s capabilities in the personal lines insurance sector and its presence in Texas.
Risk Strategies expands footprint in Michigan with two acquisitions
The acquired businesses are Comprehensive Benefits and Gabrielson Insurance & Financial Services.
AnaCap acquires majority stake in Italian brokerage Edge Group
The acquisition represents the second platform acquisition for AnaCap in Italy, following the investment in Yard Reaas in April 2024.
Nationwide agrees to buy Allstate’s stop loss unit for $1.25bn
The move is expected to bolster Nationwide Financial’s product offerings, particularly targeting small businesses with stop loss insurance.
World Insurance Associates acquires Stern Insurance Group
The company specialises in advising corporations and offering medical, life and disability insurance products to individuals.