ARAG

Insurance Business America | May 07, 2019

It’s now officially a done deal between DARAG Group Limited and DONAU Versicherung AG, whose Italian non-life portfolio has been transferred to the legacy acquirer. The transfer was completed after being given the consent of the Italian insurance regulator, Istituto per la Vigilanza sulle Assicurazioni, following the green light for the acquisition from the Austrian financial authority, Finanzmarktaufsicht. As part of the swoop, DONAU’s Italian employees and intermediaries have now c...

PSC Insurance Group | July 29, 2019

ASX-listed PSC Insurance Group has agreed to acquire 100% of the share capital of Lloyd’s and London market broker Paragon International Holdings, for a base consideration of £42.0 million. The acquisition, which is conditional on approval from the UK Financial Conduct Authority, is expected to generate PSC with incremental annual EBITDA of £4.2 million. “The acquisition of Paragon will greatly add to the scale and expertise within our UK businesses and we will enhance ou...

Insurance Business Magazine | January 16, 2020

Insurance start-up battleface, which provides travel insurance for unconventional travelers worldwide, has announced that it has successfully closed a seed funding round with backing from strategic and venture capital investors. Fintech Ventures Fund has invested in battleface, joining Greenlight Re and Tangiers Group. The investment will be used to expand software development, hire sales and business-development personnel, and expand battleface’s global reach, the company said. “We ...

Aon | January 15, 2020

Global insurance brokerage and professional services firm Aon has officially completed its acquisition of CoverWallet, a US-domiciled digital insurance platform for small and medium-sized enterprises (SMEs). Now finalized, the deal enables Aon to expand its position in the fast-growing commercial insurance market for SMEs. The brokerage giant will also be able to leverage CoverWallet’s technology and data & analytics capabilities to develop and scale innovative digital client experienc...