M&A
Aon Offers Concessions to Win EU Antitrust Approval for $30B WTW Bid
Insurance broker Aon has offered concessions to gain EU antitrust approval for its $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Monday. The sector's biggest ...
Zurich, Farmers Complete Acquisition of MetLife’s U.S. P/C Business
Zurich Insurance Group and Farmers Insurance have completed their nearly $4 billion acquisition of MetLife's U.S. property/casualty business. Zurich, which made the purchase through subsidiary ...
Carrier M&A Activity Could Reach Record Levels in 2021: S&P
Carrier mergers and acquisitions could reach historic levels in 2021 based on early indications from a robust first quarter, according to a new Standard & Poor's report. U.S. and Bermuda-based ...
Allstate Completes Exit From Life and Annuity Business With Sale to New York Life
The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million. The selling of Allstate Life Insurance Company of New York (ALNY), along ...
A Spurned Chubb Says Hartford Isn’t The Only Fish in the Sea
Global insurer Chubb Ltd. today issued a statement that it is "disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination." However, the disappointed ...
After Chubb’s Failed Hartford Try, Allianz Now Mulling Possible Counteroffer
Chubb Ltd.'s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany's Allianz SE to study the feasibility of a counteroffer, according to people familiar with the ...
2021: Another Year of Insurance M&A Challenges and Opportunities
2020 was a year of learning and innovation for those of us working in the field of insurance industry mergers and acquisitions. So far, it appears that 2021 will be another year of abundant ...
Generali Increases Bid for Aviva’s Polish Arm
Italian insurer Generali has nudged up its bid for Aviva's Polish arm, valuing the business at almost 2.5 billion euros ($3 billion), in a last-ditch effort to prevail over Dutch insurer NN, two ...