WINNIPEG, Manitoba, March 23, 2026 (GLOBE NEWSWIRE) -- The Wawanesa Mutual Insurance Company (“Wawanesa”) announced today it has entered into an agreement to acquire Everest Insurance Company of Canada (“Everest Canada”), the Canadian Retail Insurance operations of Everest Group, Ltd. (“Everest”) – a global specialty reinsurance and insurance leader. The acquisition will significantly strengthen Wawanesa’s influence in the Canadian market. Everest Canada brings an extensive portfolio of specialty commercial ...

Sixth Street-backed reinsurer Enstar Group has agreed to acquire 100% of Accident Fund Holdings (AF Group) from Blue Cross Blue Shield of Michigan. Financial terms of the deal remain undisclosed. Based in Lansing, Michigan, AF Group has a long history in the insurance sector, operating through various affiliate brands for more than 100 years. Under the ownership of Blue Cross Blue Shield of Michigan since 1994, the company has expanded across all 50 US states and now provides commercial and specialty i ...

Core Insights - Afore Insurance Services has acquired Myron K. Hobbs & Company, expanding its operations into Kentucky and establishing a new office in the Louisville area [1] - The financial terms of the acquisition remain undisclosed, but it is expected to enhance Afore's growth and local relationships [2][4] - Afore aims to combine employee benefits and property & casualty capabilities to provide more comprehensive services to clients [3] Company Expansion - The acquisition allows Afore to enter the Kentucky market and strengthens its presence in the Louisville region [1][4] - Afore has over 20 offices across the United States and has acquired more than 50 agencies since its inception in the 1970s [3] Leadership and Vision - Myron K. Hobbs, the founder of the acquired agency, expressed confidence in Afore's leadership and business model, indicating a positive outlook for future growth [2] - Afore's CEO, Michael A. Garguilo, highlighted the alignment of Myron Hobbs and his team's capabilities with Afore's mission, emphasizing the importance of client relationships [4]

Radian Group has finalised its purchase of Inigo, moving the US-listed insurer into international specialty markets with a presence at Lloyd’s of London. The deal, unveiled in September 2025, was largely cash-funded and closed at $1.67bn after adjustments. Inigo’s tangible equity at the end of 2025 was estimated at $1.16bn, indicating a valuation of around 1.4-times that figure. Radian said the acquisition was financed through existing liquidity and surplus capital at its mortgage unit, Radian Guaranty ...

Group 1: Acquisition Details - Zurich has made a bid of £7.7 billion ($10.3 billion) for Beazley, which could be one of the largest insurance acquisitions ever [1] - Beazley is currently urging its shareholders to reject the deal, despite a surge in its share price following the announcement [1] - Beazley has previously rejected several offers from Zurich, indicating a complex negotiation history [1] Group 2: Market Position and Strategy - Zurich is the second-largest player in the UK SME market for standalone cyber insurance, holding a 7% market share in 2025, just behind Aviva [2] - The acquisition aims to reduce Zurich's reliance on the US market and strengthen its presence in the UK, where Beazley operates as a specialty insurer [3] - Zurich ranks as the fourth-largest insurer in the UK with £3.5 billion ($4.7 billion) in gross written premium (GWP) and a market share of 4.4% [4] Group 3: Growth Potential - The global cyber insurance market is projected to grow from $22.2 billion in 2025 to $35.4 billion by 2030, highlighting a significant growth opportunity [5] - Acquiring Beazley, a specialist in cyber insurance, positions Zurich to capitalize on this expanding market [5]

Core Insights - Gryphon Holdings has agreed to acquire PrimeOne Insurance Company, a specialist provider of commercial insurance in the US, with financial specifics of the deal undisclosed [1] - PrimeOne focuses on property and casualty insurance, primarily working with programme administrators and managing general agents [1] - The acquisition is expected to enhance Gryphon's underwriting platform and provide PrimeOne's clients with improved services and broader connections to global risk and capital sources [2] Company Overview - PrimeOne specializes in underwriting practices, risk management, reinsurance, and capital oversight [1] - The president of PrimeOne, David Thorson, emphasized that the partnership with Gryphon will provide long-term strategic capital and a broader platform for growth [3] - Gryphon Holdings is backed by Phoenix Merchant Partners and aims to provide capacity for insurance and reinsurance as well as investment in specialty markets [3] Strategic Implications - Under Gryphon's ownership, PrimeOne will contribute to a unified platform for investors and insurance market participants, enhancing specialty insurance and asset management capabilities [5] - The addition of PrimeOne will extend Gryphon's services to include MGA incubation, third-party claims, policy administration, and increased insurance and reinsurance capacity [4] - The deal is expected to be completed in the first quarter of 2026, pending regulatory approval [4]

Core Viewpoint - Bajaj Finserv, along with its affiliates, has acquired a 23% stake in its insurance subsidiaries from Allianz SE, marking a significant shift in ownership and control of the companies [1][2]. Group 1: Acquisition Details - The acquisition involved a payment of ₹12,190 crore for Bajaj General Insurance and ₹9,200 crore for Bajaj Life Insurance [1]. - Following the acquisition, Bajaj Group's ownership in both insurance companies increased from 74% to 97%, with Bajaj Finserv holding a 75.01% stake [2]. - The remaining 3% stake from Allianz is expected to be transferred through a buyback, potentially increasing Bajaj Finserv's stake to approximately 77.3% [3]. Group 2: Strategic Implications - The acquisition provides Bajaj Finserv with strategic flexibility to explore new markets, introduce new products, and enhance growth, particularly as insurance penetration in India is anticipated to grow significantly over the next two decades [4]. - The deal was fully funded by the Bajaj Group without leverage, highlighting the strength of domestic capital [4]. - Regulatory approvals for the acquisition were obtained in just four months, signaling a positive message for potential investors in India [4]. Group 3: Allianz's Future Plans - Allianz SE plans to redeploy the proceeds from the sale in alignment with its strategic priorities, including investments in new joint ventures in India [4]. - Allianz remains committed to the Indian market, aiming to continue serving its expanding insurance sector [5]. - Allianz has also entered into agreements to form a 50:50 domestic reinsurance joint venture and plans for equally owned joint ventures in both general and life insurance businesses in India [6].

Group 1 - Confie has acquired TGS Insurance Agency to enhance InsureOne's capabilities as a national platform for standard personal lines and small commercial customers [1][5] - TGS Insurance, founded in 2017, focuses on homeowners and private auto insurance, and has experienced a 20% growth in new business production over the past year [2] - The acquisition will allow TGS to maintain its culture and operating model while expanding its national impact under the InsureOne name [3] Group 2 - Following the acquisition, over 130 insurance professionals from TGS have joined Confie, aiming to improve targeted marketing, data analytics, and carrier partnerships [4] - Confie CEO Cesar Soriano emphasized that the acquisition is about building scale with intention, aligning with the vision for InsureOne as a national standard personal lines platform [5]

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]