Bajaj Finserv, together with Bajaj Holdings & Investment Ltd and Jamnalal Sons Pvt Ltd, has completed the acquisition of 23 per cent stake in its insurance subsidiaries — Bajaj General Insurance and Bajaj Life Insurance — from Allianz SE, for ₹12,190 crore and ₹9,200 crore respectively. The acquisition takes the ownership of the Bajaj Group in both insurance companies to 97 per cent from 74 per cent, giving Bajaj Finserv, complete control of the insurance companies with 75.01 per cent stake, per a Bajaj Fin ...

US-based auto and personal lines distributor Confie has acquired Houston, Texas-based TGS Insurance Agency, a provider specialising in standard personal lines insurance. The deal was closed earlier this month and its financial terms have not been disclosed. The acquisition is intended to expand InsureOne’s capabilities as a national platform for standard personal lines and small commercial customers. InsureOne was formed in 2019 through the consolidation of Confie’s standard personal lines and commerci ...

Core Viewpoint - TWFG, Inc. has acquired Alabama Insurance Agency, enhancing its presence in the Southeastern United States and expanding its network of independent agents [1][2]. Group 1: Acquisition Details - TWFG, Inc. has acquired Alabama Insurance Agency, Inc. and its 20 affiliated locations across Alabama [1]. - This acquisition is part of TWFG's growth strategy and aims to deliver personalized insurance solutions [2][3]. Group 2: Strategic Benefits - The acquisition strengthens TWFG's commitment to providing innovative insurance solutions through a growing network of independent agents [2]. - Alabama Insurance Agency's strong community ties and customer-first approach will benefit from TWFG's national scale, brand recognition, technology infrastructure, and carrier relationships [2][3]. Group 3: Leadership Statements - Gene Ruggario, President of Alabama Insurance Agencies, expressed that partnering with TWFG is beneficial for customers, staff, and carrier partners [3]. - Gordy Bunch, Founder and CEO of TWFG, highlighted that the acquisition aligns with the company's mission of caring for customers and empowering independent agents [3].

Core Insights - Wright National Flood Insurance Company has completed the acquisition of Poulton Associates, LLC, enhancing its insurance operations [1] Company Overview - Wright Flood is the largest flood insurance provider in the United States, offering federal, excess, and private flood insurance, rated A (Excellent) by AM Best [2] - The company serves approximately 4.7 million flood policyholders and is recognized for its user-friendly technology and exceptional claims reputation [2] Parent Company Information - Brown & Brown, Inc. is a leading insurance brokerage firm with over 700 locations and more than 23,000 professionals, providing customized insurance solutions since 1939 [4]

Core Insights - Brown & Brown, Inc. has acquired the assets of Tim Parkman, Inc. (TPI), enhancing its position in the insurance brokerage market [1][2] Company Overview - TPI, established in 2002, is a full-service wholesale insurance brokerage based in Clinton, Mississippi, initially focused on personal lines and later expanding into commercial lines [2] - TPI serves over 5,000 retail agents using a proprietary technology platform to deliver superior service [2] - TPI will continue to operate under the leadership of President Mike Leach, with Tim Parkman remaining involved in the business [2] Strategic Fit - The acquisition is expected to complement Bridge Specialty Group's offerings, particularly in Mississippi and the Gulf States, enhancing its specialized product suite and distribution capabilities [3] - Steve Boyd, president of Bridge Specialty Group, expressed excitement about the integration of TPI into their operations [3] Bridge Specialty Group Profile - Bridge Specialty Group is a global insurance wholesaler with access to over 230 admitted, excess, and surplus lines, managing a premium book exceeding $7 billion [4] - The company operates more than 50 locations with a workforce of 2,000 across the U.S., U.K., Europe, and Asia, providing tailored insurance solutions through various practice groups [4] Brown & Brown, Inc. Profile - Brown & Brown, Inc. is a leading insurance brokerage firm with a global presence across 500+ locations and a team of over 17,000 professionals [5] - The company has been delivering customer-centric risk management solutions since 1939, focusing on scalable and innovative strategies for clients [5]