M&A
Exclusive: Applied System Acquires AI-Enabled Risk Digitalization Firm Cytora
Applied Systems announced the acquisition of Cytora, a digital risk processing platform for the insurance industry, in an effort to accelerate connecting the dots within the insurance ecosystem, ...
Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access
Sompo Holdings said a wholly owned subsidiary of Sompo International Holdings has an agreement in place to acquire Aspen Insurance Holdings for about $3.5 billion to further its geographical reach ...
Verisk’s $2.35B Buy of AccuLynx ‘Natural Fit’ for Claims Management Solutions
Insurance data analytics and technology firm Verisk said it has an agreement in place to acquire AccuLynx, a software-as-a-service platform designed for residential roofing contractors, for $2.35 ...
White Mountains Acquiring Majority Stake in MGA Distinguished Programs
Bermuda-based financial services holding company White Mountains Insurance Group, Ltd. announced that it has entered into an agreement to acquire a majority stake in Distinguished Programs. ...
CRC Group to Acquire Lloyd’s Managing Agency Atrium Underwriting Group
CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd's managing agency Atrium Underwriting Group Ltd. from ...
Tokio Marine Hunts for Deals Abroad, Sees Room for Growth in U.S.
Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan's largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive ...
Travelers Selling Canadian Insurance Businesses Other Than Surety for $2.4B
The Travelers Companies, Inc. announced that it has signed a definitive agreement to sell Travelers Canada's personal insurance business and the majority of its commercial insurance business to ...
MS&AD Insurance Group Announces Merger of 2 Non-Life Subsidiaries
MS&AD Insurance Group Holdings Inc. announced it will merge two of its non-life insurance company subsidiaries – Mitsui Sumitomo Insurance Co. Ltd. and Aioi Nissay Dowa Insurance Co. Ltd. This ...