Everett Cash Mutual Insurance Company Acquires American Reliable’s Farm, Ranch, and Equine Business August 9, 2022 Global Indemnity Group, LLC , announced today that American Reliable Insurance Company (“ARIC”), a GBLI subsidiary, completed the disposition of ARIC’s Farm, Ranch, and Equine book of renewal business to Everett Cash Mutual. GBLI also announced that it agreed [...]
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 [...]