A series of acquisitions have been confirmed across the insurance sector in the last 24hrs.
Radian Group Inc. has completed the acquisition of Inigo Limited, a Lloyd’s of London specialty insurance group, in a transaction first announced in September 2025. The primarily all-cash deal closed at a purchase price of $1.67 billion, net of adjustments, implying a multiple of about 1.4 times Inigo’s estimated tangible equity of $1.16 billion at year-end 2025.
Radian said Inigo will operate as a standalone unit in London, retaining its management team and brand. The acquisition is expected to deliver mid-teens percentage accretion to earnings per share and about 200 basis points of return on equity accretion in 2026. Radian said the transaction will double annual revenue and provide flexibility to deploy capital across multiple insurance lines, with CEO Rick Thornberry (pictured above) describing it as a ‘milestone’ for the firm.
Marsh McLennan Agency has acquired Robinson & Son LLC, a Hudson Falls, New York-based agency specializing in marine insurance. Terms were not disclosed.
Founded in 2005, Robinson & Son provides property and casualty coverage with a focus on maritime risks. All employees, including co-founder James Robinson, will join MMA and continue operating from the existing office.
Arthur J. Gallagher & Co. has announced the acquisition of Hunt Benefits & Associates Inc. and Tenaglia & Associates Inc., operating as Hunt Financial Group. Financial terms were not disclosed.
Based in North Carolina and South Carolina, Hunt Financial Group advises banking industry clients on employee benefits. The team will remain in place under Gallagher’s US Financial and Retirement Services unit.
Simplicity Group said it has acquired Indianapolis-based Source Brokerage LLC, a disability insurance-focused brokerage general agency. The deal adds Source Brokerage founder Steve Crowe as a partner and expands Simplicity’s national disability insurance platform.
Meiji Yasuda Group has completed the acquisition of Banner Life Insurance Co. and William Penn Life Insurance Co. of New York from Legal & General Group plc. The transaction, valued at about $2.3 billion, includes US term life and pension risk transfer operations and follows an agreement announced in February 2025.
The Banner Life family of companies ranks as the third-largest US term life insurer, with more than 1.6 million customers insured in 2025. Its pension risk transfer business has written more than $14 billion in premium across 130 transactions since 2015. Under the deal, Banner Life becomes Meiji Yasuda’s primary US life and sole pension risk transfer platform.
