The Ardonagh Group, one of the world's largest independent insurance broking platforms, has entered into a Scheme Implementation Deed (SID) to acquire all of the issued ordinary shares in PSC Insurance Group.
The Nasco Insurance Group, an international group that specialises in direct and reinsurance broking, has acquired the retail insurance broking company, Crescent Global Insurance Services (Crescent).
Fusion Specialty has appointed to its M&A team in London Mr Alexander Mackay as partner and Mr Tom Hopkins as associate.
Arthur J Gallagher & Co has announced the acquisition of Melbourne-based Health Insurance Consultants Australia (HICA). The terms of the transaction were not disclosed.
Triple P Capital, leading a group of investors, has completed the acquisition of an 85% stake in MAA General Assurance Philippines (MAAGAP) from MAA Group.
A majority stake in Lotte Insurance, South Korea's seventh biggest non-life insurer, has been placed for sale for over KRW2tn ($1.45bn).
Chedid Capital has announced the acquisition from the Husson Family of the remaining 20% stake in Groupe Ascoma, sub-Saharan Africa's leading independent brokerage network.
The Reserve Bank of New Zealand (RBNZ) has approved a proposal to transfer the operations and insurance portfolio of Accuro Health Insurance Society (Accuro) to Union Medical Benefits Society (UniMed), according to a statement posted on the website of UniMed.
Allianz Group has completed the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange.
The synergy and integration of two global foreign insurance players and their Chinese P&C operations are expected to increase, says Fitch Ratings.