M&A
Insurity Grabs Virtual MGA for an Undisclosed Price
Insurity said it has snatched up Virtual MGA, a Texas-based company with a cloud-based binding authority, underwriting and distribution product for wholesale brokers, syndicates and MGAs. The ...
Allstate to Grab National General in $4B Cash Offer
U.S. Insurer Allstate Corp said on Tuesday it will buy National General Holdings Corp for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed ...
CoreLogic Examines Unsolicited Acquisition Bid
Data and analytics firm CoreLogic disclosed it has received an unsolicited acquisition bid from an investment firm and hedge fund. Cannae Holdings and Senator Investment Group offered to acquire all ...
After 60 Years Going Solo, Triple-I Will Affiliate With The Institutes
The Insurance Information Institute plans to affiliate with The Institutes after 60 years as an independent organization. I.I.I.'s board of directors approved the plan earlier in June and The ...
A UK Insurance Broker Secures $2 Billion Loan for Acquisitions
UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender. The group is refinancing ...
Buckle Expands Commercial Auto Cover With Purchase of Atlas Subsidiary
Buckle, an InsurTech startup focused on rideshare insurance, has acquired a subsidiary of Atlas Financial Holdings for an undisclosed price. The move allows Buckle to expand its commercial auto ...
Willis Towers Watson Slapped With Shareholder Suits Over Its Planned Sale to Aon
There have been at least three shareholder lawsuits filed over the mega-deal that would have insurance broker Aon acquire rival Willis Towers Watson. The suits allege that Willis and its directors ...
Hippo Continues Expansion With Plans to Acquire Spinnaker Insurance
The InsurTech Hippo plans to snatch up Spinnaker Insurance Company following a multi-year partnership. The deal is designed to help Hippo – a managing general agent focused on home insurance - ...