M&A
Cambridge Mobile Telematics Acquires Rival TrueMotion in Major Expansion Push
Cambridge Mobile Telematics has acquired rival TrueMotion for an undisclosed price in a deal that give it an expanded presence and capabilities in the global auto insurance market. The cash and stock ...
U.S. DOJ Files Antitrust Suit to Block Aon/Willis Towers Watson Merger
Aon's proposed $30 billion acquisition of Willis Towers Watson has hit a major roadblock, with the U.S. Department of Justice suing to block the deal. The DOJ's civil antitrust lawsuit argues that ...
USAA Will Snatch Up Noblr, a Digital Usage-Based Auto Insurer
USAA plans to snatch up Noblr, an InsurTech digital insurer offering usage-based auto insurance. The company declined to disclose its purchase price, though the deal is expected to close later in ...
How We’re Doing It: What It’s Like to Be Acquired
A smaller company being acquired by a larger one is often compared to a minnow being swallowed by a bigger fish, and that's quite understandable. But that's not always true and, to borrow another ...
Partnerships Can Help InsurTechs Raise Money and Build Prestige
With all the options that InsurTechs have these days to raise money and build prestige, partnerships can offer an efficient way to do both. But they're not without their own risks. "Partnerships are ...
Broker Truist Acquires Constellation Affiliated Partners Wholesaler Platform With 7 MGAs
Broker Truist Insurance Holdings will acquire Constellation Affiliated Partners from RedBird Capital Partners. The transaction will add approximately $160 million of annual revenue to Truist ...
Genworth Financial Defers Mortgage Unit IPO, Citing Trading Volatility
Insurer Genworth Financial Inc said on Thursday it had deferred the initial public offering of its mortgage insurance unit, Enact Holdings, citing significant trading volatility in the sector. ...
Zywave Buys Up Modgic, Strengthening Its Workers Comp Software Offerings
Insurance technology provider Zywave has acquired Modgic, an Oregon-based provider of workers compensation and modification analysis software for the commercial insurance industry. Neither side ...