Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
August 19, 2022
 
 
 

PCF Acquires John E. Peakes Insurance Agency in California

Aug 19, 2022 -- PCF Insurance Services acquired John E. Peakes Insurance Agency Inc. in Ventura, California. John E. Peakes is a family-owned, personal...
 

Global M&A Hits 10-Year High, Says Clyde & Co.

Aug 18, 2022 -- The volume of global insurance industry mergers and acquisitions reached a 10-year high in the first half of 2022, up 9.5% from the same...
 

Georgia's MagMutual to Acquire New Jersey-Based MDAdvantage Insurance

Aug 17, 2022 -- MagMutual Insurance Co. and MDAdvantage Holdings Inc. have reached an agreement for MagMutual, headquartered in Atlanta, to acquire...
 

Ocean Re Buys UK-Based Oceva Risk Solutions

Aug 17, 2022 -- Ocean International Reinsurance Co. Ltd. (Ocean Re), a Barbados-based reinsurer, announced it has acquired Oceva Risk Solutions Ltd., a...
 

Beazley's Smart Tracker Syndicate 5623 Gets Lloyd's 'In Principle' Approval

Aug 17, 2022 -- Beazley has been granted "in principle" approval from Lloyd's to transition its Smart Tracker Special Purpose Arrangement (SPA) 5623 to a...
 

Applied Systems Acquires Tarmika

Aug 16, 2022 -- Applied Systems said it has acquired Tarmika, a leading commercial lines rating solution that streamlines small business insurance. This...
 

Jensten Group Buys UK-Based Broker J. Bennett & Son

Aug 16, 2022 -- The Jensten Group, the London-based independent insurance broking group, has acquired J. Bennett & Son Insurance Brokers, based in...
 

IRB Brasil Re Weighs New Share Offering After Warnings About Capital Adequacy

Aug 16, 2022 -- IRB Brasil Resseguros SA on Monday said it is considering a new capital increase to reinforce its financial structure, after market...
 

Coalition to Now Offer Cyber Policies With Acquisition of Admitted Carrier

Aug 15, 2022 -- Coalition said it received regulatory approval and completed the acquisition of Digital Affect Insurance Company from Munich Re Digital...
 

Hong Kong's Hang Seng Bank Seeks New Bancassurance Partner After QBE Deal Expires

Aug 15, 2022 -- Hang Seng Bank Ltd., a Hong Kong-based lender majority owned by HSBC Holdings Plc, is seeking an insurance partner after its existing...
 

Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims

Aug 15, 2022 -- Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and...
 

Hub International Acquires Canada Broker Jaimac Risk Management

Aug 15, 2022 -- Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced it has acquired Jaimac Risk...
 

Hub Buys Delaware's KT&D

Aug 12, 2022 -- Insurance broker Hub International Limited has acquired KT&D, Inc. in Wilmington, Delaware. Terms of the transaction were not...
 

Cross Insurance Acquires Maine Insurance Agency

Aug 12, 2022 -- Cross Insurance reported it has acquired Maine Insurance Agency of Portland. The acquisition of Maine Insurance Agency, a...
 
 
 
 
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