BGC Partners Completes Acquisition of UK’s Ed Broking Group

Article 0 Comments BGC Partners, Inc., a global brokerage and financial technology company, announced it has completed the acquisition of Ed Broking Group Ltd., the London-based independent Lloyd’s broker. BGC acquired 100 percent of Ed, which includes broking operations under the Ed brand in the UK, Singapore, Hong Kong, Dubai, […]

Arch Insurance Europe Finalizes Purchase of Ardonagh’s UK Commercial Lines Business

Article 0 Comments Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business, which generated more than £150 million ($190 million) of gross written premium in 2017, will become the newly […]

China Re Completes Purchase of Chaucer Holdings from Hanover Insurance

Article 0 Comments China Reinsurance (Group) Corp. announced it has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. — the major portion of Hanover Insurance Group’s Lloyd’s international specialty business. The acquisition of Chaucer Insurance Co. DAC (Chaucer Dublin) and Hanover Australia Hold Co. Pty Ltd (SLE) remain […]

Generali Hikes Stake in Indian Insurance Joint Venture to 49% from 25.5%

Article 0 Comments Generali Group has finalized its agreement to increase its stake in its Indian insurance joint venture with Future Group to 49 percent from 25.5 percent. Through this transaction, Generali has committed up to approximately €120 million ($137.3 million) to its Indian joint ventures: Future Generali India Life […]

Arthur J. Gallagher & Co. Acquires Pennsylvania’s Preston-Patterson Co.

Article 0 Comments Arthur J. Gallagher & Co. has acquired Conshohocken, Penn.-based Preston-Patterson Co. Inc. Terms of the transaction were not disclosed. Founded in 1947, Preston-Patterson is a retail property and casualty insurance broker offering a range of coverages and services to broadcasters and media clients throughout the U.S. It […]

The Hilb Group Acquires Massachusetts’ H.J. Knight International Insurance Agency

Article 0 Comments The Hilb Group LLC (THG) has acquired Massachusetts-based H.J. Knight International Insurance Agency Inc. (HJK). The transaction became effective December 1, 2018. HJK is a full-service brokerage in the commercial insurance and risk management industry. Founded in 1987, the company specializes in alternative risk management for commercial […]

Plymouth Rock to Acquire MAPFRE Insurance Company of New York

Article 0 Comments The New York State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation to acquire MAPFRE Insurance Company of New York, a New York domestic property and casualty insurer, which will now be known as MICNY. “This approval of this acquisition demonstrates […]

Miller Completes Acquisition of London Re/Insurance Broker Alston Gayle

Article 0 Comments Insurance broker Miller Insurance Services LLP announced that following receipt of all necessary regulatory approvals, it has completed its acquisition of Alston Gayler and Co. (AG). The transaction strengthens Miller’s position as a leading London wholesale and specialist broking platform, said London-based Miller. “The successful completion of […]

Japan Insurance Group MS&AD to Raise Stake in Swiss Re’s UK Unit ReAssure

Article 0 Comments Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) has agreed to increase its minority stake in ReAssure, Swiss Re’s UK closed life book consolidator, by making an additional cash investment of £315 million ($398.7 million). The transaction, which is subject to regulatory approvals, follows the MS&AD’s 15 […]

UK MGA Nexus Acquires Hiscox Global Flying

Article 0 Comments Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Hiscox Global Flying (HGF) via an asset purchase into Millstream Underwriting Ltd., a Nexus Group company that specializes in accident & health and travel insurance. HGF provides insurance for aviation professionals to protect […]