M&A
Insurance Tech Firm Applied Systems to Grab Indio Technologies for Undisclosed Price
Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio's digitized ...
Price Disputes Stall Generali’s Talks to Buy MetLife Europe Assets
Assicurazioni Generali SpA's talks over the purchase of MetLife Inc.'s European assets have stalled over price, people with knowledge of the matter said. The Italian insurer was preparing to make a ...
Arch Capital Group Closes Purchase of Barbican, Boosting Lloyd’s Presence
Arch Capital Group Ltd. said it has closed its planned purchase of Barbican Group Holdings Ltd., a move expected to deepen its involvement in both Lloyd's and the London market. Arch acquired the ...
Zurich CEO Greco Reportedly Knocks Cross-Border Mergers
The European insurance sector is too fragmented but large cross-border deals are not the solution to the problem, the head of Europe's fifth-biggest insurer Zurich said in a newspaper interview on ...
Aon Acquires CoverWallet, Coveting the Growing Small Biz Digital Insurance Marketplace
Aon said it has agreed to acquire InsurTech startup CoverWallet in a bid to boost its presence in the growing digital insurance market for small and medium-sized business customers. Neither side ...
Hamilton Insurance Places Acappella Syndicate Into Runoff
Hamilton Insurance Group Ltd. said it is placing Acappella Syndicate 2014 into runoff. Acappella is a third-party capital supported Lloyd's syndicate included in Hamilton's acquisition in August of ...
Demand Soars for M&A Insurance as M&A Activity Increases: Aon
More mergers and acquisitions in today's challenging economic environment are driving a soaring demand for M&A insurance products, according to a new Aon report. Aon's report finds that following ...
AXA Agrees to Sell Belgian Banking Biz to Crelan for Nearly $690M
AXA said it has agreed to sell its Belgian banking operations, AXA Bank Belgium, to Crelan Bank for cash and Crelan's loan insurance business. The deal, in all, is worth nearly $690 million. In ...