Israel-based insurance software company Sapiens International Corp. said it will acquire Bradenton, Fla.-based insurance software company Maximum Processing Inc. The transaction is expected to close by the end of June 2016.
Insurance industry veteran and attorney Aaron DiCaprio said he has started TriBlue Insurance Solutions, based in Richboro, Pa.
Chicago-based insurance brokerage Hub International Ltd. said it has acquired certain assets of San Juan, Puerto Rico-based FirstBank Insurance Agency Inc. Terms of the acquisition were not disclosed, but the company said the assets will become a part of Hub Puerto Rico.
The Washington, D.C.-based Certified Automotive Parts Association said it has signed an agreement with the China Automotive Technology and Research Center to cooperate in developing standards for aftermarket automotive parts made in China.
Loss adjusting and claims management services provider Sedgwick CMS Canada/Vericlaim Canada, a subsidiary of Memphis, Tenn.-based Sedgwick Claims Management Services Inc. said it has entered into an agreement with Elk Grove Village, Ill.-based DKI Ventures LLC to purchase national restoration and mitigation network Diamond Property Loss Solutions. The company said the transaction includes ownership of the annual Insights property damage restoration industry exposition and trade show.
Risk management, claims, marketing and technology company eServices said it has introduced a new certified claims and safety management professional designation program for people involved in prevention, reduction and control of loss through incident investigation, risk management, human resources, claims and workplace safety regulation.
Fort Worth, Texas-based Interstate Restoration said it has completed its previously announced acquisition of FirstOnSite Restoration G.P. Inc. in Canada.
Encino, Calif.-based independent underwriting manager NAS Insurance Services said it has enhanced its NetGuard Plus cyber liability product.
London-based private equity and venture capital firm Apax Partners said it will acquire Boston-based digital distribution technology provider Agencyport. The company said the acquisition is being made in connection with the formation of Duck Creek Technologies, a joint venture between Accenture and Apax Partners that will operate as an independent company focused on driving innovation in insurance software.
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