Housing Development Finance Corporation (HDFC) is set to reduce its shareholding in general insurance subsidiary HDFC Ergo to below 50% in order to meet regulatory norms. The company entered into…
US-based insurance brokerage firm Arthur J. Gallagher is reportedly in talks to purchase certain assets…
Monument Assurance Belgium (MAB) has agreed to acquire the entire portfolio of local peer Intégrale. The move follows a firm…
Westland Insurance Group, a property and casualty insurance broker in Canada, has closed three new acquisitions. The acquisitions include two…
FINEOS, which offers core systems for life, accident and health insurance, has signed an agreement to acquire US-based insurtech solutions…
Shift Technology, which provides AI-powered decision automation and optimisation solutions for insurers, has secured $220m investment. According to a Reuters…
German insurer Allianz has completed the acquisition of a 66% stake in Jubilee General Insurance in Kenya from Jubilee Holdings. The majority stake represents 1,522,622 ordinary shares, noted Allianz. Jubilee…
Ageas UK has completed divestiture of its 50.1% stake in Tesco Underwriting to Tesco Bank for a total of £123m. The transaction includes a £21m internal loan reimbursement to Ageas.…
North Carolina-based specialty insurance products distributor Amwins Group has agreed to purchase Colorado-based Equisure for an undisclosed sum. Equisure focuses on equine as well as canine risks. The deal, scheduled to be finalised…
Gemspring Capital-backed insurance platform Insurvia has snapped up independent insurance agency La Familia Agency (LFA). Financial terms of the transaction were not revealed. LFA, which is headquartered in Dallas, Texas, will…
South African insurance giant Sanlam is picking another 22.8% interest in Morocco’s Saham Assurance Maroc in a deal worth $137.1m (MAD1.2bn). The deal sees Sanlam subsidiary SAN JV (RF) Proprietary…
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