M&A
Covea Abandons Hostile Takeover of French Reinsurer SCOR
Scor SE slumped the most in more than a decade in Paris trading after rival Covea abandoned efforts to buy the French reinsurer, ending one of the country's most acrimonious takeover attempts in ...
Allianz Reportedly Negotiating to Acquire Malaysian Auto Insurer
Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia's second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the ...
Nationwide Acquires Program Manager E-Risk Services, With an Eye on E&S Expansion
Nationwide said it has acquired E-Risk Services LLC, a privately held program manager specializing in management lines products. Neither side is disclosing financial specifics of the deal, which ...
Arch Insurance Seals Purchase of Ardonagh’s UK Commercial Lines Business
Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business, which ...
Tokio Marine Workers Comp Carrier Safety National Acquires an MGA
Workers compensation carrier Safety National Casualty Corp. has acquired Midlands Management Corporation, a managing general agent and wholesale broker. The deal gives both companies access to new ...
The Hanover Completes Sale of Chaucer Biz to China Re
The Hanover Insurance Group heads into 2019 free of its Chaucer international specialty business. That's thanks to China Reinsurance Group, which closed its purchase of the division on Dec. 28, ...
AIA, PCI Members Approve Merger; Combined Group Debuts on Jan. 1
Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect in 2019, and the combined organization is set to have ...
The Hartford Acquires Y-Risk, an MGA Focused on the Sharing Economy
The Hartford has acquired Y-Risk, a managing general underwriter focused on the sharing and on-demand economy, from Allstar Financial Group Inc. Neither side is disclosing financial terms. Y-Risk ...