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HNW family offices are now among investors considering the US MGA segment. -
Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The global insurer is buying access to distribution and underwriting at a carrier with a 27% GWP CAGR.
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The acquisition will expand PHLY’s presence in the niche market.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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Sources said that the transaction valued the Californian auto F&I business at over $1bn.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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This publication revealed that Starr was zeroing in on the deal earlier today.
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The parties could announce the transaction soon, according to sources.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The global insurer will need to convince investors on the quality of the book.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Old Republic said the acquisition is expected to close in 2026.
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The company and its main debt provider Ares agreed to relax its debt terms in April.
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Dealmaking took centerstage, but other discussed topics were growth, talent and capacity.
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Sources said that Piper Sandler is advising the Dallas-based program manager on the process.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Sources said the PE-backed platform retained IAP to advise on the process.
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The company is looking to grow through its new MGA incubator program.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs.
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MGAs that are good operators will stick out compared to the rest.
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Private capital–backed buyers accounted for 73% of the 513 transactions this year.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The MGA platform wants to expand into Europe and the UK and grow its wholesale business.
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The broker will now have access to an M&A war chest for inorganic growth.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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Proceeds will be used to pay off debt maturing at the end of the year and to support new market growth.
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The business has been ~70% owned by White Mountains since January 2024.
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The firm posted trailing 12-month organic growth of 23% YoY supported by a three-pillar strategy.
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Sources said that Howden Capital Markets is advising the fronting company.
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Spectrum joins investors ForgePoint, Hudson and MTech.
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Verisk's recent deals and its interest in cyber-analytics firm CyberCube show M&A in the segment has ticked up.
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The company will continue its capacity partnership with the MGA until 2030.
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Return horizons are shifting, and entrepreneurial underwriters should start looking at longer tail business.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The transaction marks the largest US market entry by a Korean non-life insurer.
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With the deal, sources expect backers Tiptree and Warburg Pincus to exit the Floridian insurer.
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Sources said the start-up has two $10mn+ Ebitda platform deals lined up.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The deal values the Onex-backed P&C broker at over $7bn.
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The low degree of overlap between the combining portfolios benefits both parties.
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Other parties that looked at the business include CPPIB, Permira and Carlyle, sources said.
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A federal judge restricted former Marsh employees from soliciting for Howden.
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The deal’s benefits headlined AJG’s investor day presentation.
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Onex is making the investment alongside PSP, Ardian and others.
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This publication revealed earlier this year that the firm was working with Ardea to explore strategic options.
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The mortgage insurer said Inigo will continue to operate as a standalone business.
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The acquisition furthers Howden’s expansion into the US retail space.
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The Inigo CEO said the lack of portfolio crossover was highly attractive to Inigo.
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The US mortgage insurer announced its $1.7bn acquisition of Inigo earlier today.
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The deal becomes part of a wave of carrier dealmaking.
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Sources said the agency first considered a debt raise but recently pivoted to a sale process.
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The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
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A process has not been launched and a firm timeline for a liquidity event has not been agreed.
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Tangram will become the inaugural portfolio company of Balavant Insurance.
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The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.
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This publication reported earlier today of the asset manager’s foray into the MGA space.
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The deal represents a first entry into the US MGA market for the $1.1tn asset manager.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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As part of the transaction, PE firm Atlas Merchant has agreed to sell its interest in MarshBerry.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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The boutique retail broker provides P&C and benefits services in the Mexican Caribbean hospitality sector.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
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The insurer has been under review with positive implications since March.
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Andrew Robinson returns to Lloyd’s after his previous involvement via The Hanover’s Chaucer deal.
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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.
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The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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Arkansas-based RVU provides commercial P&C and some specialty programs.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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A view into PE-fueled activity in the MGA sector, as LatAm carrier M&A accelerates.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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James River said the court was right to dismiss the fraud case.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
