MS&AD (via Mitsui Sumitomo Insurance) Acquires 18% Stake in Barings from MassMutual

Barings Acquires Artemis Real Estate Partners

February 18, 2025

Real Estate

Barings has entered into a definitive agreement to acquire Artemis Real Estate Partners, a U.S. real estate investment manager. The deal will integrate Artemis' team and capabilities into Barings' U.S. real estate equity platform to expand Barings' investment capabilities and accelerate growth; terms were not disclosed and the transaction is expected to close in Q1 2025.

Meridian Capital Group and Barings Form JV to Acquire Barings Multifamily Capital

January 27, 2021

Financial Services

Meridian Capital Group and Barings have formed a joint venture to acquire the assets and liabilities of Barings Multifamily Capital (BMC) and create a standalone agency lending platform led by David Brickman. Meridian will hold majority control of the new platform, and Stone Point Capital has entered a strategic partnership with Meridian to support the firm's growth; the deal is subject to regulatory approvals.

Mitsui Sumitomo Insurance Company Acquires Transverse Insurance Group from Virgo Investment Group

August 10, 2022

Insurance

Mitsui Sumitomo Insurance Company, Limited (MSI) has agreed to acquire Transverse Insurance Group, a U.S.-based hybrid fronting carrier backed by Virgo Investment Group, pending regulatory approval. Virgo sold the business after building Transverse since 2018; the founders remain in leadership and MSI said the acquisition will accelerate its U.S. presence and expand distribution and product capabilities.

World Insurance Associates Acquires M. Adams & Associates, Inc.

June 29, 2023

Insurance

World Insurance Associates LLC acquired the business of M. Adams & Associates, Inc. of Hazlet, New Jersey on June 1, 2023. M. Adams, founded in 1991, is a small insurance agency providing personal and commercial insurance and employee benefits; legal counsel for the deal included Giordano, Halleran & Ciesla for World and Connell Foley LLP and The Manhattan Group advising M. Adams.

MAI Capital Management Acquires Madison Wealth Management

January 8, 2024

Wealth Management

MAI Capital Management acquired Madison Wealth Management, adding approximately $1.4 billion of client assets under management and expanding MAI’s presence in Cincinnati and Northern Virginia. The Madison team will join MAI effective January 5, with Madison leaders Ed Kuresman and Jim McDermott assuming Regional President roles; terms were not disclosed.

Marsh Acquires Majority Stake in Marsh India (Raises to 92%)

December 23, 2021

Insurance

Marsh has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%, acquiring shares from local partners including Rampart Trust with approval from the IRDAI. The move gives Marsh majority control of the Mumbai-based broker (18 branches, ~1,300 employees, 5,500 corporate clients) to strengthen its presence and expand risk and insurance advisory services across India.