M&A
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 ...
Allianz, Mitsui Sumitomo Reportedly Finalists in Bid for Malaysia Auto Insurer
Allianz Malaysia Bhd. and Mitsui Sumitomo Insurance Co. have been shortlisted to proceed to the next round of bidding for AmGeneral Insurance Bhd., in a deal that could value Malaysia's ...
Generali Commits More than $4B for Acquisitions, Growth Options
Generali has earmarked up to four billion euros ($4.5B) or acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia to fuel earnings. Italy's top ...
National General Will Buy QBE North America’s Farmers Union Business
QBE North America plans to sell its Farmers Union Insurance business to National General Holdings Corp. for an undisclosed price. The sale reflects QBE North America's ongoing effort to pare down and ...
A New Specialty Biz Emerges From Marsh’s Pending $5.6B Acquisition of JLT
Marsh & McLennan Cos. Inc. is forming Marsh-JLT Specialty, a new business within the company that combines the specialty teams of Marsh and the broker Jardine Lloyd Thompson Group plc. Marsh ...
JLT Shareholders Sign Off on Planned Marsh & McLennan Acquisition
Marsh & McLennan Cos. Inc. said its $5.6 billion acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT's shareholders. Of those shares voted, 99.9 percent voted in favor ...