M&A
Intact Financial Consolidates U.S., Canadian Specialty Biz Under Single Brand
Intact Financial Corp. has officially consolidated its Canadian and U.S. specialty insurance operations under a single brand, an expected action following two acquisitions. The Toronto-based carrier ...
Arch Capital to Deepen Investment in Watford With $622M Acquisition
Arch Capital Group Ltd. said it would pay $622 million in cash for Watford Holdings, a Bermuda-based property/casualty insurer and reinsurer it already has a stake in and helped launch in 2014. ...
UK Insurer LV= Discloses Exclusive Talks With Bain Capital About Possible Sale
UK insurance company Liverpool Victoria said it's in exclusive talks with Bain Capital LP over a potential deal. The company, known as LV=, began a strategic review in June that included the ...
Bold Penguin Acquires RiskGenius in Commercial Insurance Tech Deal
Bold Penguin has acquired RiskGenius in an M&A deal that the commercial insurance InsurTechs said will help grow their reach more than they have been able to thus far on their own. Bold Penguin, ...
InsurTechs Increasingly Viewed as Carrier Acquisition Targets: Deloitte
Carriers will increasingly target InsurTechs for acquisition and partnerships in the coming months due to pandemic-related economic uncertainty, Deloitte concluded in a new report. "As insurers move ...
Overshadowed by COVID-19; Insurance Industry M&A Takes a Pause
Insurance industry M&A activity is on a temporary break due to uncertainties created by the COVID-19 pandemic, according to a new Deloitte report. "COVID-19 has forced many insurance carriers to ...
MetLife Looking to Sell P/C Auto and Home Biz: KBW
MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe, Bruyette & Woods (KBW) analysts, Ryan Krueger ...
State Farm Makes an Acquisition for the First Time
State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It will be the first time in State Farm's 98-year history ...