UAE Medical Insurance

USI Insurance Services | March 02, 2020

Only a few months have passed since USI Insurance Services announced its acquisition of a South Carolina-based insurance agency and now, the brokerage giant is at it again. This time, the purchased business is Tennessee-based Full Service Insurance Agency. Full Service Insurance was founded in 1975 and specializes in commercial insurance, employee benefits, and personal risk solutions for businesses and individuals. Terms of the transaction were not disclosed. This deal will help USI to expand i...

Clyde & Co | February 17, 2020

The volume of mergers and acquisitions in the insurance space rose 10% in 2019, according to insurance law firm Clyde & Co. A study by the firm found that 419 deals were completed worldwide last year, up from 382 in 2018. Merger activity was driven by an unusually strong first half, led by a spike in deals in Europe that had previously been on hold due to Brexit preparations. M&A activity dropped during the last six months of 2019, but activity remained strong compared to recent years, a...

Life Insurance

Integrity Marketing | March 07, 2022

Integrity Marketing Group, LLC ("Integrity"), an omnichannel insurtech leader in life, health and wealth solutions, today announced it has acquired Carothers Insurance Agency, a leading independent marketing organization ("IMO") based in Las Vegas, Nevada. As part of the acquisition, Chris Carothers, President of Carothers Insurance Agency, will become a Managing Partner in Integrity. Financial terms of the transaction were not disclosed. It's so meaningful...

Insurance Technology

Farmers Insurance | September 21, 2021

Farmers Insurance® today announced plans to use a digitally controlled mobile robot to assist with in-field catastrophe claims handling and non-catastrophe property inspections, helping to improve the safety and efficiency of both while becoming one of the first national P&C insurers to deploy a robotic quadruped. Created by Boston Dynamics and customized for Farmers®, "Spot" will join claims personnel beginning as early as fall 2021 to help assess dama...