Subject: M&A Page 11 / 69
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- November 15 2023
Envest-backed Fitzpatrick & Co acquires Bricher Insurance
The Victoria-based family-owned insurance broker deals with commercial insurance, professional indemnity, property and industrial special risk products and is part of the Steadfast Broker Network.
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- November 14 2023
Gallagher Australia acquires Edgar Insurance Brokers
The Cobram, Victoria-based family business is the fifth acquisition by the global broker in Australia this year.
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- November 14 2023
Cosco Shipping Development sells Hong Kong insurance broking arm to group company for US$34m
Cosco Shipping International will take over the SAR-based Helen Insurance, which is principally engaged in vessel-related insurance brokerage services.
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- November 13 2023
Envest-backed Aviso buys Sydney SME specialist
The Trent Mockford-owned corporate authorised representative business has US$3.82m in gross written premium.
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- November 6 2023
Coastsure Insurance Brokers acquires Ausure Gold Coast Insurance Brokers
Ausure Gold Coast’s principal, Richard Bell, will assist with the integration of the portfolio into Coastsure.
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- November 3 2023
Howden snaps up Perth broker Unicorn Risk Solutions
The London-based broker had picked up minority interest in this business late last year and decided to fully acquire after it "delivered significant benefits".
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- November 2 2023
Zurich enters India with US$488m deal for majority stake of Kotak General Insurance
The 51% stake will increase by 19% "over time" in a market that Zurich APAC CEO Tulsi Naidu describes as "one of the world's most important".
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- November 1 2023
QBE exits Papua New Guinea market
The Australian insurer divested its subsidiary to Alpha Insurance.
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- October 18 2023
Bolttech mulling US$300m US listing: report
The Singaporean insurtech is in talks with investment banks for the potential share sale, which may take place as soon as next year, according to Bloomberg.
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- October 16 2023
IRDAI restrains bidder to pledge Reliance General shares for parent sale: report
RBI-appointed administrator of debt-ridden R-Cap has written to Hinduja Group firm to submit a fresh application along with the source of funds and the business plan.
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- October 13 2023
Envest snaps up majority stake in London Australia Underwriting
LAUW, a Sydney-based MGA, writes over US$20m of GWP in professional and financial lines through Lloyd’s syndicates.
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- October 11 2023
Axa completes India exit with sale of stake in life carrier to local partner
Indian JV partner Bharti Group is 'engaging with other strategic and financial investors to partner and or merge the business'.
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- October 11 2023
Zurich expands APAC M&A and business development team with senior hire
Hong Kong-based Cathy Lo becomes senior manager in regional M&A and business development team, reporting to Kevin Angelini, Asia Pacific head of strategy and M&A.
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- October 6 2023
Steadfast expands into the US with US$55m broker agency buy
The Australian broker has bought the ISU Group, which has 239 independent members across 43 US states controlling more than US$6.5bn in premiums.
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- October 5 2023
Thailand’s Rabbit Care Broker acquires local peer EasyCompare
BTS Group-owned business has added around 30,000 new customers through this acquisition to leverage its extensive product portfolio.
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- October 4 2023
Aon to acquire former Indian JV partner Global Insurance Brokers
Upon completion, the broker will transition to Aon’s brand and operating model, under the leadership of Jon Pipe.
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- October 3 2023
AB Comsure acquires Brisbane broker CE McDonald
Following this acquisition, the combined entity’s annual gross written premium will be around US$96m.
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- September 29 2023
Roojai’s South-East Asia M&A play to see GWP double
Group CEO Nicolas Faquet refocuses after snapping up DirectAsia from Hiscox this week, FWD General Insurance in Thailand in the summer and launching in Indonesia in 2022.
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- September 27 2023
Hiscox sells DirectAsia to Roojai parent Ignite Thailand
DirectAsia is primarily a motor insurer in Singapore and Thailand and had gross written premiums of US$52.5m in 2022.
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- September 27 2023
MG Insurance majority owner files fresh lawsuit to stop sale: report
Korea Deposit Insurance Corporation had hired Samjeong KPMG to run the sale of the troubled carrier and had set an October 5 deadline for bids.
