UPFRONT
INTELLIGENCE CORPORATE ACQUIRER
TARGET
PRODUCTS COMMENTS
Arch Capital Group
Barbican Group Holdings
The acquisition expands Arch’s connection to Lloyd’s and the London market
Gallagher
Gillis, Ellis & Baker and the Novick Group
New Orleans-based Gillis, Ellis & Baker is a commercial retail P&C broker, while the Novick Group targets nonprofit and association clients throughout the country
The Hilb Group
Handy Apple Valley
Located in Worcester, Massachusetts, Handy Apple Valley provides personal and commercial insurance products
Integrity Marketing Group
Senior Health Insurance Brokers
Senior Health is a Texas-based insurance marketing firm with operations throughout the Southwest
Plymouth Rock
Rider Insurance Company
Rider Insurance specializes in coverage for motorcycle enthusiasts
Risk Strategies
Reiff & Associates
Reiff & Associates offers customized risk management and insurance solutions for theater, television, film and media production
Markel adds new option for PEOs
Markel has introduced a new stand-alone employment practices liability policy designed specifically for professional employer organizations [PEOs]. The modular solution offers liability coverage for PEOs and their customers, with separate limits available for each. Coverage enhancements include third-party coverage, workplace violence, wage and hour defense, and immigration coverage. “The management liability space is growing more complex, and creating a policy specifically for PEOs is a need we heard directly from our customers and production partners,” said Markel’s Salvatore Pollaro.
Arch strengthens ties to Lloyd’s
Arch Capital Group has struck a deal to acquire Barbican Group Holdings and its related entities, including Barbican Managing Agency, Lloyd’s Syndicate 1955, Lloyd’s Syndicate 1856, Lloyd’s Special Purpose Arrangement 6132 and Castel Underwriting Agencies. The acquisition is expected to close in the third or fourth quarter; once finalized, it will allow Arch to expand its specialty lines and provide a material reinsurance offering through Lloyd’s for the first time. “The acquisition of Barbican deepens Arch’s commitment to both Lloyd’s and the London market and provides our broker partners with a more comprehensive array of products and expertise,” said Hugh Sturgess, president and CEO of Arch Insurance International. “The Barbican team has built an innovative platform and valuable specialty businesses with excellent long-term prospects. We look forward to building an even more compelling combined value proposition in the near future.”
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CNA launches new cyber risk program
CNA has enhanced its suite of cyber liability insurance products and risk-control services with a new program designed to help companies take a holistic approach to cyber threats. Based on the National Institute of Standards and Technology and rooted in partnerships with cybersecurity professionals, the CNA CyberPrep program provides businesses assistance in identifying the strengths and weaknesses of their cybersecurity posture and mitigating the impact of cybersecurity breaches. In addition, if an incident does occur, CNA’s incidentresponse vendors will help manage the fallout.
www.ibamag.com
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