M&A
Applied Underwriters to Acquire Catlin Specialty From AXA XL
Applied Underwriters has announced that it will acquire Catlin Specialty Insurance Company from the AXA XL group of companies. The move will consolidate Catlin into the North American Casualty group ...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. ...
Metromile Receives Stockholder Approval of Merger With Lemonade
Metromile, a digital insurance platform and pay-per-mile auto insurer, announced that its stockholders approved a proposal to adopt the merger agreement entered into with Lemonade Inc. to acquire ...
Kin Insurance, Omnichannel Terminate Plan for SPAC Merger
Digital home insurance company Kin Insurance Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The ...
M&A Deals: Acrisure, Everspan, Swiss Re Corporate Solutions, Canopius
Acrisure has acquired Appalachian Underwriters. Ambac Financial Group subsidiary Everspan Group has completed the acquisition of three admitted insurance carriers. Swiss Re Corporate Solutions has ...
Zurich Will Acquire AlphaChat, an Estonia-Based Conversational AI Company
Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the ...
Insurance Rates Soar to Cover M&A Boom, Deal or Not
The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. ...
Climbing Prices and Demand Foster Stable Reinsurance Outlook: AM Best
AM Best is maintaining a stable market segment outlook for the global reinsurance segment, citing in part the ongoing positive pricing momentum driven by rising loss cost inflation, enhanced ...