M&A
Zurich Commits $414M to Acquire Majority Stake in Indonesia Insurer
Zurich Insurance is acquiring an 80 percent stake in Indonesia's Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on ...
Two Major Actuarial Societies – CAS and SOA – Will Explore a Merger
The Casualty Actuarial Society and the Society of Actuaries plan to explore a merger. Presidents of both societies announced that the CAS and SOA boards had agreed to pursue combining, with the idea ...
The Hartford’s $2.1B Bid for Navigators Stands Alone, as No Rivals Emerge
Specialty insurer Navigators Group announced the expiration of a 30-day "go-shop" period provided for under the terms of its merger agreement with The Hartford Financial Services Group. Navigators ...
AIG Will Snatch Up Pennsylvania-Based Insurance Broker
American International Group Inc said on Friday the insurer will acquire Glatfelter Insurance Group, a York, Pennsylvania-based insurance broker. Privately owned Glatfelter provides services for ...
Marsh & McLennan CEO Sensed an Opening and Acted Fast to Buy JLT
Marsh & McLennan Inc. (MMC) has been preparing for a major acquisition and admiring its competitor Jardine Lloyd Thompson (JLT) for years. So right after the CEOs of the two firms met on Sept. 7 ...
Marsh & McLennan Will Grab JLT for $5.7B; Deal Boosts Consulting Capacity
Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) to expand its global offering of reinsurance and consulting services, adding to the frenetic ...
The Hanover CEO Roche: Chaucer Sale Could Help Fuel Investment in Talent, Divisions, Select Acquisitions
The Hanover Insurance Group could use some of the $950 million it will make from selling its Chaucer international specialty business to fuel organic growth, pursue select acquisitions and hire top ...
The Hanover Will Sell Its International Specialty Business to China Re for $950M
The Hanover Insurance Group Inc. has agreed to sell its Chaucer international specialty business to China Re Group for $950 million, representing a big change of course for the Massachusetts-based ...