TDI Daily Newswire - 27th December 2021

Published: Mon, 12/27/21

Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.

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Arthur J. Gallagher & Co. Acquires Five Points Benefits Solutions

Arthur J. Gallagher & Co. today announced the acquisition of Franklin, Tennessee–based Five Points Benefits Solutions, LLC. Terms of the transaction were not disclosed. Five Points is an employee benefits consultant and premier regional provider of ancillary benefits, such as life, disability, dental and vision coverages.

PR NEWSWIRE

Lloyd’s Asia sets up renewable energy consortium

Insurance and reinsurance marketplace Lloyd’s has launched a new renewable energy consortium for the APAC region and supporting countries. The new consortium has been developed by Chaucer, Markel, and Munich Re Syndicate Ltd (MRSL) and has a maximum working capacity of $100 million per project.

REINSURANCE NEWS

UK Broker Ardonagh to Acquire Portugal’s MDS Group

UK broker Ardonagh Group announced it has agreed to acquire Portuguese broker MDS Group. Financial details of the transaction were not disclosed.MDS will be acquired by Ardonagh Overseas Investments Ltd.

INSURANCE JOURNAL

Reliance Global to buy Medigap Health Insurance Company for about $20 million

Medigap is an insurance brokerage company headquartered in Florida, specializing in Medicare supplement insurance. Total consideration for Medigap is expected to be ~$19.6 million. The addition would expand the company's presence in the Medicare supplement insurance market.

SEEKING ALPHA

King Insurance Purchases Piedmont Insurance

King Insurance, a growing full-service insurance brokerage firm providing property & casualty and employee benefits services, has acquired Piedmont Insurance Associates. Piedmont is a full-service agency offering insurance products to commercial and personal lines through its lineup of insurance carrier partners.

MERGERS&ACQUISITIONS

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