Cary, North Carolina-based insurance software company Sapiens has acquired Denver-based StoneRiver, Inc. for approximately $102 million in cash, subject to certain adjustments.
Independent insurance brokerage XS Brokers has opened a new office in Worcester, Massachusetts, bring its count to four East Coast offices. The other offices are located in Quincy, Massachusetts; West Hartford, Connecticut and Philadelphia.
Chicago-based insurance brokerage Hub International Ltd. has acquired the assets of Denali Alaskan Insurance, LLC (DAI), a subsidiary of Denali Federal Credit Union. Terms of the acquisition were not disclosed.
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