M&A
Munich Re CEO Predicts 2018 Turnaround, Would Welcome Anchor Investor If Approached
Munich Re would welcome a long-term investor taking a significant stake in the company as the world's largest reinsurer eyes a return to profit growth this year, its CEO told Reuters. Joachim ...
Multiples Parties Were Interested in XL Besides AXA, Filing Reveals
According to details revealed in a public filing Monday, two parties approached XL Group for potential tie-ups before AXA started to pursue a deal—and seven, in total, were interested before AXA ...
Fidelity National Strengthens Title Insurance Biz With $1.2B Stewart Information Buy
Financial services provider Fidelity National Financial Inc said on Monday it would buy insurer Stewart Information Services Corp in a $1.2 billion deal to strengthen its residential and commercial ...
Trump Tax Cuts Could Solidify U.S. as Most Active Insurance M&A Region: Clyde & Co.
The U.S. has regained its position as the most active region for M&A activity in the global insurance industry, and the Trump tax cuts could boost that activity even further, according to a ...
Argo Group Acquires Italian Specialty Insurer Ariscom
Argo Group International Holdings is the proud new owner of Italian specialty insurer Ariscom, giving it an efficient way to expand through Europe. Neither side disclosed financial details. Argo ...
A Phone Call From AIG’s Duperreault; A Deal 72 Days Later
It started with a phone call—from American International Group's Brian Duperreault to Validus Holdings' leader Ed Noonan. Roughly two-and-a-half months later, including time for just over one month ...
More Industry Consolidation Will Follow the AXA/XL Group Tie-Up: KBW
AXA's planned $15.3 billion acquisition of XL Group Ltd. will spur more consolidation among commercial insurers, Keefe, Bruyette & Woods analysts said in a new report. "The combined AXA/XL would ...
Generali Reportedly Evaluating Bids for German Life Biz
Athene Holding Ltd. and Viridium Group GmbH submitted binding bids for Assicurazioni Generali SpA's 40 billion-euro ($49 billion) German life insurance portfolio, according to people with knowledge ...