M&A
A Red Sox/Yankees Game Helped Bring Tokio Marine and PURE Group Together
PURE Group, the high-net-worth insurer set to be acquired by Tokio Marine Holdings Inc., had been on the Japanese company's radar for more than a decade. After PURE was created in 2006, Tokio Marine ...
Markel Sells Brazilian Insurance Operations to Division’s Executive Team
Markel International, the London-based specialist insurer and subsidiary of Markel Corp., announced that it has sold its insurance operations in Brazil to its existing executive team. Markel ...
Generali CEO Donnet Mulls $3.3B Investment in Acquisitions
Assicurazioni Generali SpA, Italy's biggest insurer, may invest at least 3 billion euros ($3.3 billion) to grow through mid-size acquisitions in insurance and asset management, according to Chief ...
Allianz Reportedly Emerges as Frontrunner for BBVA Insurance Arm Investment
German insurer Allianz has emerged as the frontrunner to invest in the bancassurance business of Spanish lender BBVA, two sources close to the deal told Reuters, after Italian rival Generali pulled ...
Dairy Consolidations Drive Merger in U.S. Midwest Broker Biz
Two traditional U.S. Midwest brokerages serving the dairy market are combining their businesses as the industry consolidates. Chicago-based Rice Dairy LLC and Commodity Risk Management Group of ...
Prudential Will Pay $2.35B for Online Insurance Startup Assurance IQ
U.S. insurer Prudential Financial Inc has agreed to acquire online insurance startup Assurance IQ Inc for $2.35 billion, as it looks to tap into a wider base of consumers who purchase policies ...
Allianz Pays $738M For General Insurance Assets of SulAmerica in Brazil
Allianz SE agreed to pay 667 million euros ($738 million) for the general-insurance assets of SulAmerica, a deal that will make the German firm Brazil's second-largest provider of motor insurance. ...
HSBC May Bid for Aviva’s Asian Assets
HSBC Holdings Plc, the bank that shook up its senior leadership this month, is considering a bid for Asian operations being sold by Aviva Plc as it seeks ways to diversify its business in the region, ...