Apollo Global Management Completes Acquisition of Aspen Insurance

Article 0 Comments Apollo Global Management LLC, the investment firm led by Leon Black, has completed its acquisition of Aspen Insurance Holdings for $42.75 per share in cash, with an equity value of approximately $2.6 billion. The transaction, which was first announced on Aug. 28, 2018, closed on Feb. 15, […]

Hub International Acquires Assets of Toronto-Based Firstbrook Pointon Benefits

Article 0 Comments Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Firstbrook Pointon Benefits Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario in Canada, Firstbrook Pointon Benefits is a full-service employee benefits consulting firm providing a broad spectrum of benefits […]

China’s Ant Financial Buys UK Payments Company WorldFirst

Article 0 Comments Ant Financial, the Chinese financial services giant controlled by billionaire Jack Ma, bought London-based payments company WorldFirst in its biggest overseas deal since a U.S. expansion was thwarted. The acquisition marks the Chinese company’s first big move into the U.K., although its Alipay service is accepted by […]

National Insurance Firm Alera Group Acquires New Jersey’s Broad Reach Benefits

Article 0 Comments Alera Group, a national insurance firm, has acquired Broad Reach Benefits LLC, effective February 1, 2019. Terms of the transaction were not announced. Broad Reach Benefits, headquartered in Madison, N.J., offers a range of employee benefits services and assists its clients by overseeing the employee benefits process. […]

Brown & Brown Metro Acquires Pennsylvania’s Smith Insurance Associates

Article 0 Comments Brown & Brown Metro LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Smith Insurance Associates Inc. Smith Insurance is a family owned agency with more than 35 years of experience, providing a variety of business insurance products to its […]

Brown & Brown Insurance Agency of Virginia Acquires LRS&C

Article 0 Comments Brown & Brown Insurance Agency of Virginia Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of LRS&C. Brown & Brown Inc. is an insurance brokerage firm providing risk management to individuals and businesses. LRS&C traces its roots back to July […]

Relation Enters Agreement to Acquire New York’s J. Deutsch Associates

Article 0 Comments Relation Insurance Services, an insurance brokerage that offers risk management benefits and third party administrator (TPA) consulting services through its family of brands across the U.S., has entered into a definitive agreement acquiring J. Deutsch Associates Inc., a New York City-based, privately owned and operated insurance agency. […]

USI Insurance Services Acquires New York’s GFI Insurance Brokerage

Article 0 Comments USI Insurance Services (USI), a provider of insurance brokerage and risk management, has acquired New York-based GFI Insurance Brokerage Inc. Terms of the transaction were not disclosed. Founded in 2003, GFI provides commercial property and casualty, employee benefit and personal risk products to clients in the Northeast […]

Ryan Specialty Group Acquires Assets, Operations of Boston Insurance Specialists

Article 0 Comments Ryan Specialty Group LLC (RSG) has acquired the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Mass. Terms of the transaction were not disclosed. BIS’ team is now a part of R-T Specialty LLC, […]

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, […]