M&A
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 ...
The Doctors Co. Buys Med Mal Insurer ProAssurance in $1.3B Go-Private Deal
The Doctors Company said it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Birmingham, Ala.-headquartered ProAssurance is a specialty insurer ...
Munich Re’s Ergo Buys Next Insurance; InsurTech Valued at $2.6B
Munich Re said it has acquired Next Insurance, which will become part of the reinsurer's major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo ...
Regulators Ask Gallagher for More Information on $13.4B AssuredPartners Acquisition
Arthur J. Gallagher & Co. reported that it has received a second request for information from federal officials relating to its proposed $13.45 billion acquisition of AssuredPartners, Inc. ...