Deal News

Ardonagh to acquire majority shareholding in SRS Group

British insurance broker The Ardonagh Group has reached a deal to purchase a majority shareholding in SRS Group of Companies…

JAVLN acquires underwriting policy management platform from Steadfast

Cloud-based insurance policy management platform JAVLN has purchased Steadfast Group’s Underwriter Central and Insurance Connect businesses for an undisclosed sum.…

abrdn offloads 1.66% stake in HDFC Life Insurance Company

abrdn (Mauritius Holdings), a wholly owned subsidiary of UK-based investment firm abrdn, has sold its 1.66% equity stake in India’s…

Verisk acquires Morning Data to digitally support brokers and MGAs

Insurance data analytics provider Verisk has purchased Morning Data, a software supplier to brokers and managing general agents (MGAs) in…

Guy Carpenter to acquire reinsurance broker Re Solutions

Marsh McLennan unit Guy Carpenter has announced its plan to purchase Israel-based reinsurance broker Re Solutions for an undisclosed sum.…

Banco BPM exercises option to acquire 65% of Vera Vita and Vera Assicurazioni

Italy’s Banco BPM has exercised a call option to purchase 65% of share capital in Vera Vita and Vera Assicurazioni…

Talanx unit to acquire Liberty Mutual’s Latin America business for €1.4bn

Germany-based insurance group Talanx Group’s Retail International division has entered into a purchase deal to buy Liberty Mutual Insurance’s Latin…

ICICI Bank to increase stake in ICICI Lombard by 4%

The board of ICICI Bank has approved a plan to raise its stake in ICICI Lombard General Insurance Company by…

Inszone acquires Citizens General Insurance Brokers

Inszone Insurance Services has purchased US-based Citizens General Insurance Brokers for an undisclosed sum. Established in 2011 by Philip McClendon,…

Global Atlantic and MetLife sign $19.2bn reinsurance deal

Insurance firm Global Atlantic Financial Group has entered a $19.2bn reinsurance deal with MetLife. The deal was signed between subsidiaries…