Corvus Insurance Acquires Tarian Underwriting Limited

Travelers Acquires Corvus Insurance

November 3, 2023

Insurance

The Travelers Companies, Inc. agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million to expand Travelers' cyber underwriting and risk-management capabilities. Corvus, an insurtech-focused managing general underwriter specializing in cyber insurance and powered by AI-driven risk analytics, will be integrated into Travelers to enhance its cyber product suite and distribution.

Ardonagh Group Acquires Thames Underwriting

August 17, 2020

Insurance

The Ardonagh Group has acquired Thames Underwriting, a Leigh-on-Sea–based managing general agent (MGA) that serves brokers across the Construction, Leisure and Commercial sectors. Thames (a 30-strong team) will join Ardonagh's MGA brands within Geo Specialty Group Holdings Limited, expanding Ardonagh's specialist underwriting capability and broker distribution with existing delegated authorities to Lloyd's and A-rated insurers.

Applied Underwriters Acquires Centauri Insurance Companies

February 8, 2021

Insurance

Applied Underwriters has completed its acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company, both based in Sarasota, Florida. The deal expands Applied's property & casualty capabilities and geographic footprint across 10 states while strengthening Centauri's balance sheet and distribution through independent agents and brokers.

Apiary Capital Invests in Carbon Underwriting

July 17, 2023

Financial Services

UK private equity firm Apiary Capital has completed a strategic growth investment in Carbon Underwriting Limited, a London‑based Lloyd’s managing general underwriter (MGU). The capital will support Carbon’s management team in accelerating growth, further developing its proprietary Graphene underwriting platform, and expanding its delegated underwriting (coverholder) capabilities.

Arthur J. Gallagher's Pen Underwriting Acquires Tay River Holdings Ltd

April 3, 2023

Insurance

Arthur J. Gallagher & Co., through its specialist underwriting subsidiary Pen Underwriting, acquired UK-based Tay River Holdings Ltd and its specialist managing general agent (MGA) companies. The acquisition brings marine specialty underwriting capabilities (marine liability, ports & terminals, marine war risks and kidnap & ransom) into Pen; Paul Hartley will continue to lead the Tay team. Terms were not disclosed.

BOXX Insurance Acquires Templarbit

November 8, 2022

Cybersecurity

Toronto-based cyber insurtech BOXX Insurance has acquired Palo Alto–based cyber threat intelligence platform Templarbit. The deal brings Templarbit's cloud-native threat intelligence and vulnerability monitoring technology and its founder Bjoern Zinssmeister (joining BOXX as Head of Engineering) into BOXX's R&D division to bolster BOXX's proactive cyber risk protection capabilities for SMB customers.