United Risk Acquires Pinnacle Underwriting (Sydney)

Sun Life Acquires PinnacleCare

April 23, 2021

Healthcare Services

Sun Life Financial agreed to acquire PinnacleCare, a Maryland-based medical intelligence and health-care navigation provider, for US$85 million to expand its U.S. Stop-Loss & Health business. The acquisition (expected to close mid-2021) will integrate PinnacleCare's care-navigation and second-opinion capabilities into Sun Life's stop-loss offering to improve member outcomes and reduce costs.

Vantage Group Acquires Admitted Carrier Vantage Risk Assurance Company

February 8, 2022

Insurance

Vantage Group Holdings Ltd. has closed the purchase of an admitted-lines carrier, Vantage Risk Assurance Company (formerly Heritage Casualty Insurance Company), from Union Fidelity Life Insurance Company. Concurrently, funds managed by Carlyle and Hellman & Friedman committed up to an additional $200 million to support Vantage’s continued growth and to expand capabilities in its U.S. insurance platform.

ALKEME Acquires Pinnacle Insurance Consultants

October 22, 2024

Insurance

ALKEME, a national insurance brokerage, has acquired Pinnacle Insurance Consultants, a Scottsdale-based provider of Errors & Omissions (E&O)/Professional Liability coverage for real estate firms. The acquisition expands ALKEME's presence in Arizona and enhances its specialized E&O/PL capabilities for real estate clients.

Shape Underwriting Acquires Protect Underwriting LLP

May 9, 2025

Insurance

London-headquartered managing general agent Shape Underwriting has acquired Protect Underwriting LLP, a specialist MGA focused on private-client high-net-worth business. Financial terms were not disclosed; Shape said the deal broadens its underwriting capabilities and is its first acquisition since rebranding, supporting its ambition to grow in the specialty market.

Arthur J. Gallagher & Co. Acquires Manchester Underwriting Agencies Limited

October 4, 2021

Insurance

Arthur J. Gallagher & Co., through its specialist underwriting subsidiary Pen Underwriting, acquired 100% of UK-based Manchester Underwriting Agencies Limited (and its subsidiary Manchester Underwriting Management Limited). Terms were not disclosed; founder Charles Manchester will continue to lead the business. The acquisition expands Pens specialist underwriting capabilities and adds a complementary book of professional indemnity and management liability business serving SMEs in the UK.

NSM Insurance Group Acquires Strategic Underwriters International

June 4, 2024

Insurance

NSM Insurance Group has completed the acquisition of Strategic Underwriters International (SUI), a Doylestown, Pennsylvania-based managing general agent (MGA) and leader in the facultative casualty reinsurance market. The deal expands NSM's specialty insurance capabilities in facultative casualty reinsurance and aims to leverage NSM's resources — including product development, technology systems and AI initiatives — to grow SUI's underwriting platform.