M&A
MAPFRE To Exit NY, NJ Markets; Strikes Deals With Plymouth Rock
MAPFRE Insurance has entered into definitive agreements with affiliates of The Plymouth Rock Company to exit the states of New York and New Jersey as part of MAPFRE's previously announced strategy to ...
Who Will Allianz Acquire Next? There Are Plenty of Potential M&A Targets
A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe's largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential ...
AXA’s Planned XL Group Acquisition Gains XL Shareholder Approval
Insurer XL Group's shareholders have approved an agreement for AXA to acquire 100 percent of XL Group. Total consideration for the planned acquisition would amount to approximately $15.3 billion, to ...
PartnerRe Acquires Canadian Predictive Analytics Company
PartnerRe Ltd. disclosed it has acquired Claim Analytics, a Canadian-based company focused on predictive analytics products and services for insurers. Financial terms were not disclosed. The ...
Assurant Closes $2.5B Acquisition of The Warranty Group
Assurant has closed its $2.5 billion acquisition of rival The Warranty Group, seven months after the deal was first announced. Assurant, based in New York, offers insurance and related services for ...
Shareholders Sign Off on Kemper’s Planned $1.3B Acquisition of Infinity Property and Casualty
Kemper Corp.'s plan to acquire Infinity Property and Casualty Corp. in a $1.3 billion cash and stock deal cleared a major hurdle, with shareholders of both companies signing off on the plan by a wide ...
Much More M&A Is Coming as Companies Seek Scale/Tech Advances: A.M. Best
Expect more property/casualty insurance and reinsurance M&A deals in the months ahead — particularly among smaller carriers — as companies continue seeking scale and technology to improve ...
Zurich Insurance CFO Quinn: ‘We Don’t Exist to Do M&A’
Zurich Insurance has no plans for a big merger, it said on Wednesday, despite speculation of a pick-up in dealmaking in the industry and that the Swiss company could get involved. The insurer's ...