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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 …

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Brown & Brown (Europe) Agrees to Acquire UK-Based Bloodstock Broker

Insurance Journal

has agreed to acquire Weatherbys Hamilton LLP, a leading UK-based insurance broker specializing in private client, bloodstock, and farm & estate insurance. Brown & Brown (Europe) Ltd., part of Brown & Brown, Inc., Financial details of the transaction, which has …

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Lloyd’s Broker Charged Over Alleged Ecuador Bribes

Insurance Journal

UK fraud cops have charged an insurance broker with bribery, after a four-year probe into alleged corruption involving state-run insurance contracts in Ecuador. The Serious Fraud Office accused United Insurance Brokers Ltd. of failing to prevent associates from bribing state …

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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 …

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Arthur J. Gallagher & Co. Acquires Philippines-Based Re/Insurance Broker Philinsure

Insurance Journal

announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc., Gallagher & Co. dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed. Philinsure is a commercial …

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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.,

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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.