PCF Insurance rakes in $400m debt to finance M&A
US insurance intermediary PCF Insurance has closed a $400m incremental debt financing round, led by global alternative asset manager Blue Owl. …
24 Apr 2024
Marsh McLennan Agency to buy FBBINSURANCE for $315.9m
Marsh McLennan Agency has agreed to acquire Fisher Brown Bottrell Insurance (FBBINSURANCE) from Trustmark National Bank in an all-cash deal valued at $315.9m. The acquisition is aimed at strengthening Marsh…
23 Apr 2024
Oakbridge expands Georgia presence with Strawn & Co. Insurance partnership
US-based Oakbridge Insurance Agency (Oakbridge) has partnered with Strawn & Co. Insurance to bolster its presence in the south Atlanta region and enhance its insurance and risk management services. The collaboration…
23 Apr 2024
Chubb to acquire pet insurer Healthy Paws from Aon
Global property and casualty insurance provider Chubb has signed a definitive agreement with Aon to buy Healthy Paws, a US-based managing general agent focused on pet insurance. Chubb did not…
22 Apr 2024
Indian Government mulls selling GIC and LIC stakes in FY 2024/25
The Indian Government is considering a minority stake sale in General Insurance Corporation of India (GIC) and Life Insurance Corporation of India (LIC) in the 2024/25 financial year (FY24/25), reported…
22 Apr 2024
Pen Underwriting forms capacity partnership with SiriusPoint
UK managing general agent (MGA) Pen Underwriting has entered into a partnership with reinsurer SiriusPoint to bolster its specialist capabilities with a long-term capacity deal. With the multi-year agreement, SiriusPoint…
19 Apr 2024
Macquarie forms partnership with specialty insurer Mosaic
Macquarie Insurance Facility has formed a partnership with specialty insurer Mosaic after being approved as a Lloyd’s coverholder. The partnership with Mosaic will enable Macquarie to write transactional liability insurance…