M&A
Details TBD: Berkshire’s Jain, Abel Describe Tokio Marine Strategic Pact
Some details of a long-sought-after partnership with Tokio Marine aren't precisely defined, instead relying on the good faith dealings and reputation of the Japanese insurance giant, Berkshire ...
Analysis: Japanese and Korean Insurers to Accelerate M&As in the U.S. and Globally
Insurers in Japan and Korea have shown unprecedented demand for M&As and strategic investments overseas in the past few years, targeting opportunities in both developed and emerging markets. ...
Reinsurers Least Successful Acquirers in Industry M&A: Analysis
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for ...
More Insurance M&A Deals on the Horizon?
Two firms tracking mergers and acquisitions in the insurance industry reported changes in property/casualty insurance deals last year, with one describing "increased momentum" and another ...
Everest Sells Another Retail Commercial Insurance Op: Canada Biz Going to Wawanesa
Everest Group, Ltd. ("Everest") announced that it has signed a definitive agreement to sell its Canadian Retail Insurance operations, Everest Insurance Company of Canada ("Everest Canada"), to The ...
Zurich to Buy Generali’s Irish Unit for €337 Million in Cash
Zurich Insurance Group AG agreed to buy Assicurazioni Generali SpA's RedClick unit for €337 million ($389 million) in cash to expand its non-life business in Ireland. The two companies announced ...
Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition
Zurich Insurance Group announced it has agreed with UK specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for $10.9 billion. The aggregate cash deal is expected to be funded ...
Sompo Holdings Completes Acquisition of Aspen, Taking It Private
A wholly owned subsidiary of Sompo International Holdings Ltd. (SIH) has finalized its $3.5 billion acquisition of Aspen Insurance Holdings Ltd., taking the insurer private. Under the terms of the ...
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals
Zurich Insurance's bid to buy British insurer Beazley will set the stage for further deals in the sector as buyers jostle for exposure to the lucrative specialty lines market, ...