Business Moves: Vienna Insurance Purchases Nuernberger; Liberty Mutual Raises Stake in India Unit; Aon’s NFP Buys Irish Private Wealth Specialist; Gallagher Buys UK Law Firm

During this month, two insurers and two brokers have announced acquisitions in India and Europe.

Details of these deals follow.

Vienna Insurance Group Completes Purchase of Germany’s Nuernberger

Vienna Insurance Group (VIG) has completed its acquisition of Nuernberger Beteiligungs AG for 1.38 billion euros ($1.6 billion), in VIG’s largest-ever transaction.

The deal was first announced in October 2025 and was finalized on May 18.

“We are delighted that we managed to obtain the approvals faster than expected. We will contribute VIG’s expertise to the strategic direction of Nuernberger and position it as a leading provider of biometric solutions also within our group,” commented Hartwig Loeger, CEO and chairman of the managing board of VIG.

“With its strong brand, Nuernberger enriches our broad portfolio of companies and supports our sustainable growth strategy in the core CEE [Central and Eastern Europe] market via increased diversification through the German market,” Loeger said.

In summer 2025, VIG announced that it was evaluating the acquisition of a majority stake in Nuernberger. Following a due diligence process, a voluntary public purchase offer for up to 100% of the share capital was made in October 2025. VIG now holds 99.2% of the share capital and voting rights in Nuernberger.

“As part of Vienna Insurance Group, we will significantly accelerate our transformation into a prevention insurer — a strong positioning from which our customers, our sales partners and our employees will benefit,” according to Harald Rosenberger, CEO of Nuernberger. “We very much look forward to starting our collaboration and taking the first joint steps.”

As the leading insurance group in CEE, VIG provides insurance services to more than 33 million customers via more than 50 insurance companies and pension funds in 30 countries. Its business model is based on a multi-brand policy and local entrepreneurship — a strategic approach that goes hand in hand with securing locations and preserving the identity of the Nuernberger brand.

Liberty Mutual Raises Stake in India Unit to 74%

Liberty Mutual Insurance announced today it has increased its shareholding in Liberty General Insurance Ltd. (LGI) in to 74%. This development follows the earlier increase in Liberty Mutual’s stake from 49% to 55.40% in September 2025.

“With stronger backing from Liberty Mutual, we are now better positioned to expand our distribution footprint and deepen our presence across retail and commercial line segments,” commented Parag Ved, chief executive officer and whole-time director, Liberty General Insurance, in a statement.

“India presents a unique opportunity with its diversity, and growing demand for protection, and we can play a meaningful role in advancing insurance penetration in the country,” Ved added.

“India remains an important market for Liberty Mutual as we build our business across Asia Pacific, supported by strong fundamentals and significant opportunity for growth,” according to Matthew Jackson, president, Liberty International Insurance APAC. “Increasing our shareholding in Liberty General Insurance allows us to further develop the business and bring our global capabilities more directly to the market.”

Liberty General Insurance Ltd. is a joint venture with Summit Asia Investments Holdings Pte. Ltd., a group company of Liberty Mutual Insurance Group, which holds a 74% stake, and Enam Securities, which holds a 26% stake.

Aon’s NFP Acquires Private Wealth Specialist Metis Ireland

NFP, a leading property/casualty broker and Aon subsidiary, announced the acquisition of Metis Ireland, a financial planning and investment advisory business based in Limerick, Ireland.

Carl Widger, managing director of Metis Ireland, will join NFP as head of Wealth and Financial Planning for NFP in Ireland, and will report to Colm Power, managing director, NFP in Ireland.

Financial details of the deal, which was announced on May 12, were not disclosed.

Metis Ireland, which was established in 2014 and is regulated by the Central Bank of Ireland, provides tailored financial planning, investment solutions and wealth structuring to private clients, executives and business owners. With offices in Limerick and Dublin, the business has grown largely through referrals and built a reputation for clear, goal‑focused planning and lasting client relationships.

“This is a significant step for NFP, and we’re delighted to welcome Carl and his team as we continue to build our Private Wealth division and financial planning expertise in Ireland,” said Power. “Metis Ireland’s custom designed capabilities, focus on long‑term planning and commitment to client outcomes aligns perfectly with our client-first vision. Together, we can offer the Irish market access to broader resources and dedicated specialist insights while preserving the high‑value, trustworthy experience that distinguishes our two firms.”

The acquisition of Metis Ireland follows NFP’s strategic expansion in the Irish market through a series of acquisitions, including The HR Suite, Orca Financial Group and HC Financial, as part of its long‑term growth in wealth management and employee benefits services. In recent years, NFP in Ireland has broadened its capabilities to include pensions, corporate benefits, commercial insurance and individual financial planning.

Arthur J. Gallagher Buys UK Law Firm

Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired London, UK-based Mays Brown Ltd., which does business as Mays Brown Solicitors.

Terms of the transaction, which was announced on May 11, were not disclosed.

Mays Brown Solicitors is a boutique law firm specializing in shipping and maritime legal services for a global client base that includes shipowners, operators, charterers, protection and indemnity (P&I) clubs, insurers and shipyards. The Mays Brown Solicitors team, led by Joe Mays, David Wartski and Stephen Grainger, will remain in their current location under the direction of Manan Sagar, head of Gallagher Bassett’s Europe, Middle East and Asia operations.

“Mays Brown Solicitors is a highly regarded firm whose niche expertise enhances Gallagher Bassett’s marine and legal capabilities,” said J. Patrick Gallagher Jr., chairman and CEO. “I am very pleased to welcome Joe, David, Stephen and their associates to our growing, global team.”

Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois. Gallagher operates in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.