Fortitude Re acquires U.S Property & Casualty Insurer May 12, 2022 FGH Parent, L.P., the ultimate parent company of Bermuda’s largest multi-line reinsurer (together with its subsidiaries, “Fortitude Re”), today announced the acquisition of Plans’ Liability Insurance Company, an Ohio-domiciled and widely licensed property & casualty insurer. This acquisition enables Fortitude Re to provide enhanced [...]
Mutual of America to acquire Landmark Life Insurance Company April 27, 2022 Mutual of America Financial Group, a subsidiary of Mutual of America Life Insurance Co., has entered into a stock purchase agreement to acquire Texas-based Landmark Life Insurance Co. The transaction is expected to close during the third quarter, subject to customary closing conditions, [...]
ISC Acquires NNB to Further Complement Its Transportation Offering February 25, 2022 California-based Integrated Specialty Coverages (“ISC”), a leading, multi-line program administrator that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and data analytics, announced that it has acquired West Hartford, Connecticut and Medford, Oregon-based Northeast National Brokerage (“NNB”), an MGA specializing in [...]
Fortitude RE Enhances Insurance Capabilities January 6, 2022 Fortitude Re announced today the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In Company Ltd. (“FRL”), Bermuda’s largest multi-line reinsurer, obtained approval to operate as a Reciprocal Jurisdiction Reinsurer, the first such approval to be granted by the Texas Department [...]
Merger & Acquisition Services, Inc. Winner at 20th Annual M&A Advisor Awards New York, NY, November 18th, 2021 The M&A Advisor has announced the Winners of The M&A Advisor Awards on November 17th, 2021 during the 20th Annual M&A Advisor Awards Gala at the New York Athletic Club. Merger & Acquisition Services was awarded: [...]
For Immediate Release K2 Insurance acquires American Reliable specialty residential property business from Global Indemnity Group November 3, 2021 Bala Cynwyd, PA Global Indemnity Group, LLC (NASDAQ:GBLI) ("GBLI"), announced today that K2 Insurance Services, LLC ("K2") has acquired its American Reliable specialty residential property business, including its manufactured home and dwelling lines. K2 is [...]
For Immediate Release Bamboo Insurance Acquires Assets of First American Property and Casualty Insurance Agency June 17, 2021 New York, NY, June 17, 2021 – Bamboo Insurance, a reimagined insurance company focused on transparency, customer advocacy and a frictionless experience, has acquired certain of the assets of First American Property and Casualty Insurance Agency ("FAPCIA") from [...]
For Immediate Release Accelerant Holding Acquires Agribusiness Risk Underwriters June 8, 2021 New York, NY, June 8th, 2021 – Accelerant Holdings announced today that it has aquired Agribusiness Risk Underwriters (ARU) Agribusiness Risk Underwriters is a leader in U.S. poultry farm insurance product development, underwriting and loss control. Located in Winston Salem North Carolina [...]
For Immediate Release MS Amlin acquires International Transportation Marine Office, LLC -Launch of new strategy to target high growth US specialty MGA market- April 7, 2021 MS Amlin, today announces an agreement to acquire US Managing General Agency (MGA) International Transportation and Marine Office, LLC (ITMO) and its associated subsidiaries as part of [...]
For Immediate Release First American Announces Entry into Property and Casualty Insurance Book Transfer Agreements Result of Decision to Exit Property and Casualty Business and to Focus on its Core Business January 19, 2021, Santa Ana, Calif. First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk [...]