M&A

Specialist Risk Group (SRG), a UK-based group of insurance intermediaries, has acquired mid-market commercial broker Consort Insurance.

Cover Genius, a global InsurTech for embedded insurance, has completed an asset acquisition agreement with US-based embedded warranty provider, Clyde Technologies.

Powerfleet, a provider of Internet of Things (IoT) software-as-a-service (SaaS) solutions, is to acquire insurance telematic company Movingdots and a subsidiary of Swiss Re.

Insurify, a virtual insurance agent offering services to compare, buy and manage insurance, is to acquire Compare.com Insurance Agency.

Cambridge Mobile Telematics (CMT), a telematics service provider, has acquired fellow telematic company Amodo.

Otonomo Technologies, a platform powering the mobility economy, is to merge with US-based roadside and mobility assistance technology and services company Urgently to create a platform for mobility, insurance, and other services.

KYND, a provider of next-generation cyber risk management technology and services, has been selected by Lombard Odier Investment Managers for its portfolio risk management solution.