Cary, North Carolina-based insurance software company Sapiens has acquired Denver-basedStoneRiver, Inc. forapproximately $102 million in cash, subject to certainadjustments.
|Independent insurance brokerage XS Brokers has openeda new office in Worcester, Massachusetts, bring its count to fourEast Coast offices. The other offices are located in Quincy,Massachusetts; West Hartford, Connecticut and Philadelphia.
|Chicago-based insurance brokerage HubInternational Ltd. has acquired the assets of DenaliAlaskan Insurance, LLC (DAI), a subsidiary of Denali FederalCredit Union. Terms of the acquisition were not disclosed.
|Guidewire Software, Inc. hascompleted the acquisition of cloud-based insurance technologyproduct ISCS. Terms of the deal were notdisclosed.
|Itasca, Illinois-based insurance brokerage and risk managementservices company Arthur J. Gallagher & Co. has acquired Madison, Wisconsin-based Kelly Financial, Inc. Terms of thetransaction were not disclosed.
|Allianz has rebranded Zurich Assurances Marocas Allianz Maroc, effective Jan. 30. Allianz hadacquired 98.9 percent of the Moroccan-based business on Nov. 3,2016.
|Specialty insurer H.W. Kaufman Financial Group has rebrandedloss control and risk mitigation firms US-Reports and CanadianReports into one company called Afirm. The merged company isbased out of Fort Collins, Colorado.
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