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

Progressive Corporation acquires Blue Hill Specialty Insurance Company Inc.

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 [...]

By |2018-09-30T23:21:32+00:00May 7th, 2017|PRESS RELEASES|0 Comments

M&A Services, Inc. earned the #1 rank by deal volume for insurance underwriting transactions in 2016

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 [...]

By |2018-10-03T18:11:31+00:00March 31st, 2017|PRESS RELEASES|0 Comments

Sirius sells Ashmere Insurance Company to National Fidelity

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 [...]

By |2018-09-30T23:40:36+00:00October 12th, 2016|PRESS RELEASES|0 Comments