The former co-leader of a collapsed Georgia savings and loan, a lending firm that is now the subject of state and federal Ponzi scheme investigations, has been granted an insurance producer’s license in the state. Edwin Brant Frost V, who previously worked at First Liberty Building & Loan with his father, now is a licensed … Read more
Specialty MGA Nirvana Acquires Arena From Ryan Specialty Specialty managing general agent (MGA) Nirvana announced the acquisition of Arena NV from Ryan Specialty. Financial terms of the deal, which was announced today, were not disclosed. Arena is a leader in the Belgian sports insurance market, providing cover to federations and clubs across both the Flemish … Read more
Philadelphia Insurance Companies announced the acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle backed portfolio company. The transaction, valued at $615 million, is the largest acquisition in the 63-year history of Philadelphia Insurance Companies. The deal includes all collector vehicle insurance business and employees from: American Collectors Insurance, J.C. Taylor Insurance, Condon … Read more
MNK International Acquires New Broker in Turkey MNK International, a London-based independent Lloyd’s broker, has acquired a new broker in Türkiye for an undisclosed amount. The business will focus on insurance and reinsurance solutions across a range of complex and specialty risks. With operations headquartered in Istanbul, MNK International Türkiye will support Turkish clients, offering … Read more