M&A
Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition
Zurich Insurance Group announced it has agreed with UK specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for $10.9 billion. The aggregate cash deal is expected to be funded ...
Sompo Holdings Completes Acquisition of Aspen, Taking It Private
A wholly owned subsidiary of Sompo International Holdings Ltd. (SIH) has finalized its $3.5 billion acquisition of Aspen Insurance Holdings Ltd., taking the insurer private. Under the terms of the ...
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals
Zurich Insurance's bid to buy British insurer Beazley will set the stage for further deals in the sector as buyers jostle for exposure to the lucrative specialty lines market, analysts, industry ...
Nationwide Acquiring Renewal Rights for Surety, Fidelity Biz From Main Street America Insurance
Columbus, Ohio-based Nationwide announced yesterday that it entered into an agreement to acquire the renewal rights for surety and fidelity bonds issued by Main Street America Insurance, a unit of ...
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid
Zurich Insurance Group AG has made a sweetened £8 billion ($11 billion) bid to buy Beazley Plc, an offer that's won the tentative approval of the UK insurer's board. The Swiss insurance giant's ...
Zurich Makes £7.7 Billion Bid for UK Cyber Insurer Beazley
Zurich Insurance Group AG has made an offer to buy Beazley Plc, valuing the UK-listed cyber insurer at about £7.67 billion ($10.3 billion). The Swiss insurer offered to buy London-based Beazley at ...
How Insurers Can Avoid Post-Merger Technology Failure
M&A transactions remain one of the most powerful levers for insurers seeking growth, diversification and operational scale. While the number of transactions has declined in the last year, deal ...
Vantage Group to Be Acquired by Ackman-Backed Howard Hughes Holdings for $2.1B
Vantage Group Holdings Ltd., the privately held specialty re/insurer, has entered into a definitive agreement to be acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The ...