Zurich Insurance Group (Zurich) has announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, plus a potential additional earn-out payment. The business will be combined with Zurich’s travel insurance provider Cover-More Group (Cover-More) and will expand its footprint in the U.S. The acquisition gives Zurich access to a new global retail customer base and makes it a leading travel insurer globally.

Aquiline Capital Partners LP ("Aquiline"), a private investment firm specializing in financial services and related technologies, has announced that it has entered into an agreement to sell Quintes Holding B.V. ("Quintes") to Brown & Brown, Inc. ("Brown & Brown"), a leading insurance brokerage firm. The Quintes management ownership team will also be selling to Brown & Brown. The acquisition is expected to be finalized in the fourth quarter of 2024, pending customary closing conditions and regulatory approvals.

Voyager Insurance Services has been acquired by Caledon Group (CGL) for an undisclosed fee, resulting in the appointment of a new Executive Team to drive the business forwards.

Ardonagh Italia, a subsidiary of The Ardonagh Group, today confirms completion of the previously announced acquisitions of Mediass S.p.A. and Mansutti S.r.l.

Mansutti S.r.l is the commercial lines broker of Mansutti S.p.A., which was established by the Mansutti family in Milan in 1925. The firm has an annual Gross Written Premium of €45.5 million across Liability, Property, Employee Benefits, Automotive, and Marine.

Allianz Group has announced the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange. The signing of a binding agreement was initially reported on September 28, 2023.

Trawick International Ltd., a London-based subsidiary of Trawick Holdings, LLC, an industry-leading international insurance company, announced it has entered into a sale and purchase agreement with Greenlight Insurance Services Limited, pursuant to which it agreed to acquire a controlling stake in the firm’s issued share capital.

Award-winning broker Voyager Insurance Services Ltd. successfully completed the purchase of well-known travel insurance broker Navigator Travel Insurance on the 1^st of February 2024.

Global insurance brokerage Pacific Prime is pleased to announce the full acquisition of MIT Insurance Brokers Sdn Bhd, Malaysia’s leading insurance brokerage firm specializing in risk management, insurance, and reinsurance.

Arthur J. Gallagher & Co. has announced the acquisition of Washington, D.C.-based Clements Worldwide. Terms of the transaction were not disclosed.