Private Equity Again Drove Agency M&As in U.S., Canada in 2018: OPTIS

Article 0 Comments Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, with private equity/hybrid buyers accounting for 68 percent of the total. According to consultants at OPTIS Partners’ annual report, there were a record 626 deals in the U.S. and Canada in 2018, […]

Verisk to Acquire London Market Pricing Software Firm Rulebook

Article 0 Comments U.S.-based data analytics firm Verisk has agreed to acquire Rulebook, a provider of business intelligence and software for the London Insurance Market. The purchase price is $87 million in cash, which Verisk said will be funded through cash on hand and existing bank facilities, subject to typical […]

The Hartford Acquires Sharing Economy Insurance Specialist Y-Risk

Article 0 Comments The Hartford has purchased Y-Risk, a managing general underwriter that specializes in serving sharing and on-demand economy risks, from Allstar Financial Group, an Atlanta-based holding company with multiple specialty managing general agencies across the country. Unionville, Connecticut-based Y-Risk’s customer mix includes transportation-network companies, car-sharing platforms, on-demand-services platforms […]

Global Insurance M&A Deals Total Value Soars, Volume Dips in First Half

Article 0 Comments Global insurance mergers and acquisitions rose to 37 billion euros ($41.9 billion) in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a report by Willis Towers Watson and Mergermarket showed. The first half […]