VANTAGE RISK acquired by HOWARD HUGHES HOLDINGS

In June 2026, Belfius Insurance, a subsidiary of the Belgian Belfius Group, completed the acquisition of 100% of Insurlytech's share capital, the parent company of French insurtech firm Leocare. The all-cash transaction marks the exit of key financial investors, including Eight Roads, Felix Capital, Daphni, and Ventech, which had invested in the company through various funding rounds between 2021 and 2022. The deal follows several years of rapid growth for Leocare, with its user base expanding from approximately 60,000 to over 1

Alan has completed a new €480 million funding round with Dutch group Prosus, which is joining the company's capital structure, and existing investors Teachers' Venture Growth and Index Ventures. UK-based family office Dara Holdings is also participating in the round as a new shareholder. A portion of the funds raised came from secondary transactions, allowing certain existing shareholders to sell a fraction of their shares. This transaction represents the largest funding round in Alan's history, coming just weeks after a previous €100 million financing

Alan has successfully closed a €100 million Series G funding round, propelling its post-money valuation to €5 billion. The round was led by existing investor Index Ventures, with participation from Belfius Bank and several new high-profile entrants, including GreenOaks, Kaaf Investments, and prominent individual investors such as Shopify founder Tobi Lükte and footballer Antoine Griezmann. The strategic rationale for the round is to fuel Alan’s continued expansion and solidify its market leadership as it reaches a critical financial milestone: achieving profitability in its core French market in 2025

Axa acquired a 51% stake in Prima Assicurazioni for EUR500 million. The deal includes put/call options for the remaining 49% based on future earnings. This strategic move allows Axa to double its motor insurance footprint in Italy and leverage Prima's best-in-class digital distribution technology.

Palomar Holdings acquired 100% of The Gray Casualty & Surety Company from Bernhard Capital Partners. The acquisition is a transformative step for Palomar's surety franchise, significantly increasing its market share and geographic reach. For BCP, the sale represents a successful exit from its 2021 investment, following an operational scaling of the business. Gray Surety's leadership, including President Cullen Piske, joined Palomar to lead the expanded surety operations.

The acquisition of Viridium Group by a consortium including Allianz, BlackRock, and T&D Holdings is a strategic move to strengthen the position of these companies in the European life insurance market. The transaction is expected to provide Viridium with a financially secure future, while enabling the consortium members to capitalize on growth opportunities in the fragmented European life insurance market. The deal is subject to regulatory and merger-control approvals, and is expected to close in the second half of 2025

The acquisition of Doma Holdings by Title Resources Group (TRG) represents a landmark consolidation in the U.S. title insurance market. A unique strategic component of the deal involves the separation of Doma’s assets: Doma’s underwriting division (DTI) becomes a wholly owned subsidiary of TRG, while its technology division (Doma TechCo) will operate as a separately capitalized sister company. Centerbridge Partners remains the largest shareholder of TRG and becomes the majority owner of Doma TechCo

The acquisition of Julia Assurance by Santiane marks a strategic move by the latter to diversify its services and expand its market footprint. By partnering with Julia Assurance, Santiane aims to strengthen its position in the French insurance market and capitalize on the growing demand for loan insurance. The deal is part of Santiane's external growth operation, which involves acquiring and integrating complementary businesses to enhance its offerings and increase its market share. The acquisition is expected to generate synergies and accelerate growth, with the two companies pooling their resources and expertise to create a market leader

As part of its strategic refocusing on insurance brokerage, April Group sold Axeria IARD to WATFORD. This divestment allows April to exit the capital-intensive risk-carrying business and operate as a pure wholesale broker, while securing a long-term partnership with the carrier.

The fifth LBO of Texa represents a major turning point in the organization's trajectory, signaling a shift toward industrialized claims management and real estate services. The strategic rationale for this transaction centers on an "external-growth" play, merging the group’s industry-leading technical operational depth in loss adjustment with the sponsor’s extensive expertise in executing high-velocity build-up strategies. This structural alignment provides the organization with the institutional capital and strategic hardware required to address the increasing complexity of the property and casualty insurance market