M&A
Travelers Will Buy Plymouth Rock’s Digital Agency InsuraMatch for Undisclosed Price
The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. Neither side disclosed financial terms. The ...
Allianz to Grab Westpac’s General Insurance Unit for $535M
Australia's Westpac Banking Corp will sell its general insurance arm to German insurer Allianz for A$725 million ($535 million), it said on Wednesday, further trimming its portfolio to beef up ...
Broker AmWINS Eyes Bermuda Expansion With New Acquisition
AmWINS Group, Inc. has agreed to buy International Specialty Brokers Ltd. a Bermuda-based wholesale insurance and reinsurance broker. AmWINS, a North Carolina-based global broker focused on specialty ...
AXA Sells Persian Gulf Biz to Kuwait-Based Group
AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the ...
Aviva CEO Confirms Talks to Sell Units in France, Poland and Italy
Aviva Plc Chief Executive Officer Amanda Blanc confirmed the company was in talks to sell units in France, Poland and Italy as part of her overhaul of the insurance giant. The company is still in the ...
Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal
Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in ...
Zywave Will Snatch Up ITC
Insurance technology company Zywave said it will acquire Insurance Technologies Corporation (ITC), a provider of marketing, rating and management software and services for the insurance industry. ...
Howden Buys Safeonline, a Cyber and Tech Specialist Broker
Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd's coverholder. Financial details of ...