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Business Moves: Howden Japan Acquires Holos; Ageas Buys Saga’s Underwriting Biz; BMS Purchases Australian Property Broker; UK’s Direct Line Now Owned by Aviva

Insurance Journal

Howden Japan Acquires Majority Stake in Retail Broker Holos Howden, the London-based insurance intermediary group, announced it has acquired a majority stake (68.3%) in Holos Holdings Co. a leading retail insurance broker headquartered in Kyoto. Founded in 2001 by …

Broker 274
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Clear Group Acquires UK Commercial Broker, C.R. Toogood & Co.

Insurance Journal

The Clear Group, he London-based insurance intermediary, announced the acquisition of C.R. a commercial insurance broker based in East Horsley, Surrey, UK. Toogood & Co. Financial details of the deal were not disclosed. Clear said this strategic move underscores …

Broker 251
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Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Brokers

Insurance Journal

Strong returns in the reinsurance sector are attracting capital and leading to favorable pricing outcomes for buyers — but underwriting discipline continues, according to renewal reports from three reinsurance brokers. Despite heavy natural catastrophe losses in the first quarter, reinsurance …

Broker 248
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Howden Acquires Peruvian Reinsurance Broker Innova Re

Insurance Journal

Howden, the London-based insurance intermediary group, announced it has acquired Innova Re, a market leading, independent reinsurance broker headquartered in Lima. Financial details of this deal were not disclosed. Established in 2017 and led by Juan Diego Cadarso, its founder …

Broker 221
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Business Moves: Howden Acquires Chilean Retail Broker; United Risk Purchases Australian Facultative Reinsurance MGA, Pinnacle Underwriting

Insurance Journal

Howden Acquires Chilean Retail Insurance Broker Howden, the London-based insurance intermediary group, announced it has acquired Ureta & Fernandez Corredores de Seguros Limitada (U&F), an independent retail insurance broker headquartered in Santiago, Chile.

Broker 240
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Markets/Coverages: SiriusPoint, Broker Holmes Murphy Offer Umbrella Excess for Captives

Insurance Journal

the Bermuda-based specialty insurer and reinsurer, announced a new strategic partnership with the independent insurance broker Holmes Murphy. SiriusPoint has partnered with Holmes Murphy, headquartered in Waukee, Iowa, and its wholly owned subsidiary and managing general agent Innovative … SiriusPoint Ltd.,

Broker 214
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UK Broker Ardonagh Completes $2.5B Equity Investment Led by PE Firm Stone Point

Insurance Journal

The Ardonagh Group, the London-based independent insurance distribution platform, announced the completion of a $2.5 billion equity investment led by funds managed by Stone Point Capital LLC, the US-based private equity firm. The investment, which valued the group at $14 …

Broker 264