M&A
Berkshire Hathaway, Other Shareholders Sell Applied Underwriters Back to Founder
Applied Underwriters Inc. and its subsidiary North American Casualty Co. has reportedly been acquired by Applied Underwriters founder Steve Menzies, who was joined in the acquisition by the Quasha ...
The Aftershocks of the Guy Carpenter-JLT Re Alignment
Now that the dust has settled following the historic merger of giant broker Marsh and Jardine Lloyd Thompson, the transaction's impact on the two firms' reinsurance broking units, Guy Carpenter and ...
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 ...