M&A

Aviva, a leading insurance company in the UK and Ireland, has completed the acquisition of Probitas, an established player in the Lloyd’s insurance market.

Aviva strengthens broker and customer proposition with Probitas acquisition

Aviva, a leading insurance company in the UK and Ireland, has completed the acquisition of Probitas, an established player in the Lloyd’s insurance market.
Lumera, a leading InsurTech company dedicated to the digital transformation of the European life and pensions industry, has entered into an agreement to acquire ITM, as part of its international growth strategy.

Lumera acquires ITM to enhance UK presence

Lumera, a leading InsurTech company dedicated to the digital transformation of the European life and pensions industry, has entered into an agreement to acquire ITM, as part of its international growth strategy.
Novidea, the creator of the cloud-based, data-driven enterprise insurance management platform, has announced the strategic acquisition of Docomotion, an automated document generation technology provider.

Novidea acquires automated document generation leader Docomotion

Novidea, the creator of the cloud-based, data-driven enterprise insurance management platform, has announced the strategic acquisition of Docomotion, an automated document generation technology provider.
Zurich Insurance Group (Zurich), a global leader in insurance services, has announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for $600m.

Zurich acquires AIG’s travel insurance business for $600m to expand global reach

Zurich Insurance Group (Zurich), a global leader in insurance services, has announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for $600m.
Huize makes strategic move into Vietnam with Global Care acquisition

Huize makes strategic move into Vietnam with Global Care acquisition

Huize Holding Limited, a leading insurance technology platform in Asia, has acquired Global Care Consulting Joint Stock Company, a pioneering InsurTech company in Vietnam, specializing in digital transformation solutions for the insurance industry.
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Perkins Insurance Agencies, an independent agency based in Abilene, Texas.

Marsh McLennan Agency acquires Perkins Insurance Agencies to expand West Texas services

Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Perkins Insurance Agencies, an independent agency based in Abilene, Texas.
Neptune Flood, the nation’s largest private flood insurance company, has acquired Charles River Data in a bid to enhance AI-driven flood insurance solutions.

Neptune Flood announces acquisition to drive AI-driven flood insurance solutions

Neptune Flood, the nation’s largest private flood insurance company, has acquired Charles River Data in a bid to enhance AI-driven flood insurance solutions.
Trustmark National Bank has agreed to sell its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE), to Marsh & McLennan for $345m in cash.

Trustmark National Bank sells Fisher Brown Bottrell Insurance to Marsh & McLennan Agency for...

Trustmark National Bank has agreed to sell its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE), to Marsh & McLennan for $345m in cash.
Arthur J. Gallagher & Co., a global insurance brokerage, has announced the acquisition of Australia-based Prasidium Credit Insurance.

Arthur J. Gallagher & Co. bolsters Australian trade credit offerings with Prasidium acquisition

Arthur J. Gallagher & Co., a global insurance brokerage, has announced the acquisition of Australia-based Prasidium Credit Insurance.
Chubb, a global insurance leader, announced a definitive agreement to acquire Healthy Paws, a US-based managing general agent (MGA) specialising in pet insurance, from Aon.

Chubb strengthens pet insurance market with Healthy Paws acquisition

Chubb, a global insurance leader, announced a definitive agreement to acquire Healthy Paws, a US-based managing general agent (MGA) specialising in pet insurance, from Aon.

News Stories

Sun Life US, a leading provider of insurance and employee benefits, has launched an enhanced claims integration system.

Sun Life US launches seamless claims integration for multiple health benefits

Sun Life US, a leading provider of insurance and employee benefits, has launched an enhanced claims integration system.
Ryan Specialty, a leading international specialty insurance firm, has announced that London-based underwriter Tom Daniels has joined LifeScienceRisk as managing director of LifeScienceRisk International.

Ryan Specialty appoints Tom Daniels as managing director of LifeScienceRisk International

Ryan Specialty, a leading international specialty insurance firm, has announced that London-based underwriter Tom Daniels has joined LifeScienceRisk as managing director of LifeScienceRisk International.
Akur8, the machine learning-powered insurance pricing and reserving platform, has announced the closure of a $120m Series C funding round.

Akur8 lands $120m in Series C to enhance its next-gen actuarial platform

Akur8, the machine learning-powered insurance pricing and reserving platform, has announced the closure of a $120m Series C funding round.
Health insurance plays a critical role in safeguarding individuals and families from the financial burdens of medical expenses, offering essential coverage and peace of mind during times of illness or injury. Traditionally, the industry relied on complex and rigid models, often burdened by lengthy paperwork, slow claims processing, and fragmented communication. However, the health insurance market is projected to reach a remarkable $2.38tn in gross written premiums by 2024, according to Statista. This comes amidst a significant shift towards digital platforms and telemedicine services.

The changing face of health insurance

Health insurance plays a critical role in safeguarding individuals and families from the financial burdens of medical expenses, offering essential coverage and peace of mind during times of illness or injury. Traditionally, the industry relied on complex and rigid models, often burdened by lengthy paperwork, slow claims processing, and fragmented communication. However, the health insurance market is projected to reach a remarkable $2.38tn in gross written premiums by 2024, according to Statista. This comes amidst a significant shift towards digital platforms and telemedicine services.
Ledgebrook's innovative push in InsurTech garners $17m Series B funding

Ledgebrook’s innovative push in InsurTech garners $17m Series B funding

Ledgebrook, the rapidly growing InsurTech firm, has successfully closed a $17m Series B funding round.

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