M&A
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 ...
Aon, Willis Towers Watson to Sell Some Assets to Gallagher for $3.6B
Aon plc and Willis Towers Watson will sell off some assets to Arthur J. Gallagher & Co. for nearly $3.6 billion, settling antitrust questions raised by European regulators in their meg-merger ...
American National Group Reportedly Up for Possible Sale
U.S. insurer American National Group Inc is exploring options that could include a sale of the company, people familiar with the matter told Reuters on Tuesday. The news sent shares of American ...
Broker Gallagher Reportedly Negotiating to Buy Aon, Willis Assets for $3B
Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon Plc and Willis Towers Watson Plc for about $3 billion, according to people familiar with the ...
Global P/C Insurance M&A Activity Soared Even With Pandemic Obstacles: Conning
Global P/C insurance M&A activity was "surprisingly rigorous" in 2020 despite significant challenges created by the coronavirus pandemic, Conning said. Conning tracked $28.6 billion in ...
MarshMcLennan Fills Talent Pool in Wake of Marked Disruption Caused by Aon-Willis Merger
It has not happened yet but the proposed merger of large global insurance brokers Aon and Willis Towers Watson is already being felt at competitor MarshMcLennan. MarshMcLennan is capitalizing on the ...
Chubb CEO Greenberg: Company Looks at Lots of M&A Opportunities ‘Every Year’
Chubb's recent failed attempt to acquire The Hartford may have gotten a lot of play in the industry and business press, but Chairman and CEO Evan Greenberg said the company explores potential M&A ...