Browsing: acquisitions

Sierra Financial Holdings secures regulatory approval to acquire Preferred Security Life Insurance Company, signaling expansion in the life insurance sector amidst broader market growth.

Sierra Financial Holdings has received regulatory approval to acquire Preferred Security Life Insurance Company. The deal, which is expected to close on April 1, will expand Sierra Financial’s financial services offerings.

Life Insurance Corporation of India (LIC) is considering acquiring a stake in a health insurance company by the end of March to compete in the growing market.

Bajaj Finserv will acquire Allianz’s 26% stake in their insurance businesses, ending a long-standing joint venture.

Bajaj Group will buy out Allianz’s stakes in their insurance ventures, making both insurers entirely Indian-owned.

Mutual Capital Group (MCG) has finalized its acquisition of ICC Holdings (ICCH), the parent company of Illinois Casualty Company, in a deal valued at approximately $73.8 million.

Patanjali Ayurved and DS Group are set to acquire Magma General Insurance from Adar Poonawalla’s Sanoti Properties, marking the entry of Patanjali Ayurved into the general insurance sector.

NSM Insurance Group is selling its US commercial insurance division to New Mountain Capital, marking a significant move in the specialty insurance market.

Atlas Insurance Agency acquires Atlas Employee Benefits, strengthening its offerings for business clients.

World Insurance Associates expands its presence in Connecticut with the acquisition of Archambault Insurance Associates.