Browsing: acquisition

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.

AM Best has maintained the financial strength and credit ratings of The Doctors Company Insurance Group (TDC Group) after the announcement of its planned acquisition of ProAssurance Corporation (PRA).

German insurance giant ERGO Group has acquired Israeli-founded NEXT Insurance in a $2.6 billion all-cash deal, marking ERGO’s entry into the US insurance market.

Munich Re is set to acquire Next Insurance, aiming to tap into significant growth opportunities in the insurance sector.

The acquisition will see the digital insurer become part of Munich Re’s ERGO Group, expanding its presence in the U.S. small business insurance market.

CRC Group acquires Risk Transfer Partners to strengthen its presence in the construction, energy, environmental, and manufacturing sectors.

Shardul Amarchand Mangaldas & Co. acted as legal counsel to Bajaj Finserv in its proposed acquisition of Allianz SE’s stake in their insurance joint ventures, a deal valued at approximately $2.8 billion.