Group1001 Acquires Lackawanna Insurance Group WILKES-BARRE, Pa., Nov. 15, 2018 - Group1001 announced today it will acquire 100% of Lackawanna Casualty Company and its wholly-owned subsidiaries, Lackawanna American Insurance Company and Lackawanna National Insurance Company, together known as "Lackawanna Insurance Group." Lackawanna is currently the 7th largest writer of workers' compensation in Pennsylvania. Group1001 [...]
INSURANCE INSIGHT Life insurer's $203M deal accentuates new emphasis on US biz Friday, October 5, 2018 10:56 AM ET By Tim Zawacki A company that has historically emphasized writing life insurance business in select markets outside of the U.S. will boost a recent decision to refocus domestically with a sizable acquisition. National Western Life [...]
NOTE TO THE FOLLOWING ARTICLE In 2016 Merger & Acquisition Services, Inc. (M&A) advised AXA Insurance Group on the sale of Mosaic Insurance Company to Metromile. The acquisition of Mosiac provided Metromile with a nationwide admitted platform for their pay-per mile personal auto product. “It is fantastic to see Metromile continues its growth [...]
DATA DISPATCH M&A Services Inc. Ranked #1 by Deal Value for Q2 2018 Tuesday, July 10, 2018 In the insurance brokerage space, Merger & Acquisition Services Inc. topped the deal value league table by S&P Global – Market Intelligence thanks to its buy-side role on White Mountains Insurance Group Ltd.'s $368.3 million purchase of [...]
For Immediate Release SPECIALTY PROGRAM GROUP, LLC. ACQUIRES MARINE & CRANE BUSINESSES FROM OHIO-BASED NORMAN-SPENCER AGENCY, INC. Summit, New Jersey, April 12, 2018 – Specialty Program Group, LLC. (SPG) a leading insurance holding company for specialty brokerages and underwriting facilities announced today that it has acquired the assets of Norman-Spencer Agency’s (NSA) crane program, [...]
For Immediate Release Hannover Re acquires Omaha Indemnity from Mutual of Omaha Insurance Co. January 9, 2018 – The Germany-based company acquired 100% of Omaha Indemnity's issued and outstanding capital stock for an aggregate purchase price of about $4.2 million over the Mutual of Omaha unit's surplus at closing, which could be between $21 [...]
For Immediate Release Clear Underwriters LLC acquired ProSelect National Insurance Co. January 9, 2018 – Fort Lauderdale, Fla.-based Clear Underwriters LLC acquired Boston-based ProSelect National Insurance Co. Inc. from Medical Professional Mutual Insurance Co., a subsidiary of Coverys. ProSelect National Insurance Co. Inc. operates as an insurance company. Jason Murgio and Dan Baransky of [...]
For Immediate Release Progressive Corporation acquires Blue Hill Specialty Insurance Company Inc. May 7th, 2017 – Progressive Corp. unit Progressive Commercial Holdings Inc. has acquired Chicago-based Blue Hill Specialty Insurance Co. Inc. from Hamilton, Bermuda-based Hiscox Ltd. Progressive Corp. paid $3.29 million plus closing date adjusted Surplus to acquire Blue [...]
For Immediate Release M&A Services, Inc. earned the #1 rank by deal volume for insurance underwriting transactions in 2016 March 31st , 2017 – S&P Global Market Intelligence & SNL Financial, the premier provider of breaking news, financial data and expert analysis on Insurance & Financial Services has published their [...]
For Immediate Release Sirius sells Ashmere Insurance Company to National Fidelity October 12, 2016– National Fidelity Holdings Inc. has acquired Glastonbury, Conn. -based Ashmere Insurance Co. from Sirius, a subsidiary of Hanover, N.H.-based White Mountains Insurance Group Ltd. White Mountains Solutions, a White Mountains Insurance Group Ltd. company, agreed to [...]