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This year deals will continue to increase but ESG, inflation and supply chain issues bring complexity. -
Insurance brokerage World Insurance Associates (WIA) is expanding its personal lines business with the acquisition of two independent agencies in the US.
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Oversea provides domestic and international boat insurance coverage to yachts ranging from 30 feet to 300 feet.
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The Omaha, Nebraska-headquartered insurer is seeing attractive opportunities in some segments of the E&S market, which it expects to harden further before leveling off.
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The retail broker said the deal for Appalachian would accelerate its implementation of AI and machine learning in its bid to "revolutionize the value chain".
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With this deal, Corvus said it becomes the first cyber InsurTech to acquire a London underwriting platform.
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The three carriers are 21st Century Indemnity Insurance Company, 21st Century Pacific Insurance Company and 21st Century Auto Insurance Company of New Jersey.
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With the acquisition, struck through its subsidiary Brown & Brown Lone Star Insurance, the broker will expand its operations in Texas.
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The new entity will expand its operations into the specialty commercial auto space, with a workforce of around 600 employees and over $1.1bn in equity capital.
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Crest provides its property & casualty and employee benefits products through 13 offices expanded across Arizona, Colorado, California and Wyoming.
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Wright will issue flood coverage under the NFIP for Westfield policyholders and agents.
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The legacy acquirer announced last week the purchase of a Texas entity to use as its US-based carrier for legacy deals.
