UPFRONT
INTELLIGENCE CORPORATE ACQUIRER
TARGET
PRODUCTS COMMENTS
Brookfield Reinsurance
American National Group
Brookfield’s acquisition of the century-old life and general insurer is valued at $5.1 billion
Gallagher
R.J. Riordan & Co.
R.J. Riordan is a retail P&C brokerage serving the Chicago area and specializing in the construction and transportation sectors
HUB International
Hiles-McLeod Insurance; Risk Point Consulting
Florida-based Hiles-McLeod provides commercial and personal insurance in the Pensacola area; Risk Point Consulting is a Georgia-based firm specializing in coverage for professional and college sports
IMA Financial
Diversified Insurance Group
The deal gives IMA more than 400 technology and life sciences clients, mostly based in Utah
IVANS
Ask Kodiak
The acquisition of the commercial lines insurtech will bolster IVANS’ commercial lines connectivity capabilities
Moody’s
RMS
Ratings agency Moody’s has forged a deal to buy the international risk modeling firm from Daily Mail and General Trust for around $2 billion
MS Amlin
InQlusiv
MS Amlin has taken a minority stake in MGA InQlusiv, which focuses on serving LGBTQ-, female- and ethnicowned businesses
The Hilb Group
Health Quote
The purchase of Medicare specialist Health Quote will further expand The Hilb Group’s Medicare business
Travelers
Fidelis
Travelers has purchased an undisclosed minority stake in the Bermuda-based property, bespoke and specialty (re) insurance provider
Moody’s acquires international catastrophe modeling firm
Moody’s has signed a deal to acquire risk modeling business RMS for approximately $2 billion from Daily Mail and General Trust. With more than 400 risk models covering 120 countries, RMS will add nearly $500 million in revenue to Moody’s insurance data and analytics business. The acquisition will accelerate the development of Moody’s global integrated risk capabilities, enabling it to meet the next generation of risk assessment. “Within Moody’s, I’m confident RMS will be able to accelerate technology and model innovations while combining with Moody’s core data and analytics offerings for powerful, holistic solutions,” said RMS CEO Karen White. “The team and I are excited to bring new value to customers as we transform how we are able to understand and mitigate the future of risk.”
8
Hippo enters commercial insurance with HOA product
Insurtech Hippo has expanded into commercial insurance with the launch of a tailored product for homeowners’ associations (HOAs). Hippo’s HOA package includes coverage for commercial property, fidelity, inland marine, data breaches, general liability, combined D&O and employment practices liability, hired and non-owned auto liability with physical damage coverage, and available excess liability. The product is currently only available in Arizona, but Hippo plans to expand it to Nevada, Oregon, Utah, Colorado, Michigan, Illinois and Tennessee later this year.
HUB International debuts cannabis benefits captive
HUB International has launched a new captive for cannabis benefits, built in collaboration with Berkley Life and Health Insurance Company. The HUB Cannabis Benefits Captive is a medical stop-loss offering for cannabis organizations that’s designed to provide an alternative to traditional employee benefits programs, better reflect the profile of a cannabis company’s employees and offer greater control over healthcare costs. The program is designed for cannabis employers with more than 50 insured employees, stable claims experience and predictable cash flow.
www.ibamag.com
08-09_Intelligence-SUBBED.indd 8
27/08/2021 3:25:13 am
