Browsing: acquisition

Insurance brokerage firm OneDigital expands its presence in the Kansas City metro area through strategic acquisition

Sapiens International Corporation acquires Candela, an intelligent automation company serving APAC-based insurance clients, to expand its presence and enhance its life insurance platform.

Insurance industry news about Alan Boswell Group’s acquisition

Insurance brokerage firm The Hilb Group has acquired a Maine-based property and casualty agency, effective April 1, 2025, expanding its New England footprint.

Insurance industry news about The Hilb Group’s recent acquisition

Integrity Marketing Group is set to acquire The Quantum Group, expanding its offerings in the insurance distribution sector.

Arthur J. Gallagher & Co.’s wholesale division, Risk Placement Services, Inc. (RPS), has acquired Litchfield Special Risks, Inc. (LSR), a wholesale insurance broker and managing general agency in El Paso, Texas. This deal strengthens RPS’s transportation and property and casualty solutions and expands its broker network across the Southwest.

Palomar Holdings, Inc. has announced the acquisition of Advanced AgProtection (AAP), a Texas-based managing general agent (MGA) specializing in crop insurance. This strategic move follows a two-year partnership and marks a significant expansion of Palomar’s presence in the growing crop insurance market.

Munich Re has announced a definitive agreement to fully acquire NEXT Insurance, a US-based small business insurer, in a deal valued at $2.6 billion. The transaction is expected to close in the third quarter of 2025.

AM Best has confirmed the ratings for ProAssurance Group members and ProAssurance Corporation following the announcement of the acquisition by The Doctors Company Insurance Group.