M&A

CRP offers product expertise in P&C insurance, surety, subcontractor default insurance and wrap-up services.

The transaction follows USI’s acquisition of four other regional agencies earlier this year.

Following the acquisition, Heacock’s staff members will continue to operate from their Lakeland and Sebring offices, under the leadership of Stacey Heacock Weeks.

The deal will expand Zurich’s supplemental health insurance offerings and is expected to close in early 2022.

The deal derisks its early auto build-out, likely delays its next capital raise and still stands a good chance of delivering InsurTech alchemy.

Headquartered in Georgia, Alpharetta is led by president and CEO Peter Bishop, who will join Venbrook operations.

The move follows the acquisition of Gowrie Holdings in 2019.

With 135 employees across four offices, Foster Park provides commercial and individual P&C insurance, life and group benefits, private client services, and bonding and surety products.

Lemonade expects that Metromile will be a key to run faster through a competitive auto insurance market while assuming fewer risks on the road.

Lemonade’s acquisition of Metromile helps both firms redirect focus from ongoing challenges.

All of Pelnik’s 19 employees based in North Carolina will join Marsh.

Chinese conglomerate Fosun is looking to divest US commercial lines insurer AmeriTrust as it scales back its overseas assets, Inside P&C can reveal.