Sapiens International Corporation hasentered into a definitive agreement to acquire Adaptik. Thetransaction is expected to be completed in early March 2018.
|Marsh & McLennan Agency LLC hasacquired Highsmith Insurance, a Raleigh, North Carolina-basedindependent insurance brokerage firm. Terms of the transaction werenot disclosed.
|The Insurance Industry CharitableFoundation (IICF) has announced that 650insurance professionals and industry supporters attended its sixthannual Southeast Benefit Dinner on Feb. 1 at the Ritz CarltonDallas. More than $900,000 was raised to support grants thatbenefit nonprofits located throughout the SoutheasternU.S.
|Aon Securities, the investmentbanking division of global reinsurance intermediary and capitaladvisor Aon Benfield, has assisted the World Bank in structuringthe largest ever catastrophe bond covering earthquake, providingthe organization with $1.36 billion of capital markets protection.The bond, which mitigates balance sheet risk for the World Bank inChile, Colombia, Mexico and Peru by offering protection againstearthquake risk on a parametric basis, is the second largestcatastrophe bond on record and represents the largest sovereignrisk transfer in the history of the insurance-linked securitiessector.
|HUB International Limited hasacquires the shares of Kindersley Insurance Ltd. Terms of theacquisition were not disclosed.
|HUB also announced the launch of its firsteight industry Specialty practices. HUB's first Specialty practicesinclude Transportation, Financial Institutions,Entertainment/Sports, Construction, Agriculture, Hospitality, RealEstate and Healthcare.
|Confie, a national provider ofpersonal and commercial lines insurance has acquired Day & ReadInc. in Little Falls, N.Y., and Blue Ridge Insurance of Ellensburg,Wash. Confie is a portfolio company of ABRY Partners.
|TheMEMIC Group has launched its redesigned website toaddress a diversifying workforce. The redesigned website hasaddressed this diversity by making multilingual resources availableto injured workers.
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