Group1001 Acquires Lackawanna Insurance Group

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 [...]

By |2018-11-19T13:08:35+00:00November 15th, 2018|INDUSTRY ARTICLES, PRESS RELEASES|0 Comments

Life insurer’s $203M deal accentuates new emphasis on US biz

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 [...]

By |2018-10-05T13:40:59+00:00October 5th, 2018|INDUSTRY ARTICLES, PRESS RELEASES|0 Comments

Tokio Marine co-leads $90mn funding for Metromile start-up

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 [...]

By |2018-07-26T11:55:00+00:00July 26th, 2018|INDUSTRY ARTICLES, PRESS RELEASES|0 Comments

SPECIALTY PROGRAM GROUP, LLC. ACQUIRES MARINE & CRANE BUSINESSES FROM OHIO-BASED NORMAN-SPENCER AGENCY, INC.

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, [...]

By |2018-04-16T14:02:50+00:00April 13th, 2018|PRESS RELEASES|0 Comments

Press Release – Hannover Re – Omaha Indemnity – Mutual of Omaha Ins Co (January 9 2018)

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 [...]

By |2018-04-10T23:28:25+00:00January 9th, 2018|PRESS RELEASES|0 Comments

Press Release – Coverys – ProSelect – Clear Underwriters (January 9 2018)

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 [...]

By |2018-04-10T17:02:43+00:00January 9th, 2018|PRESS RELEASES|0 Comments