M&A
RenaissanceRe Will Buy Minority Stake in Legacy Acquirer Catalina Holdings
RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance and reinsurance businesses. Neither side is disclosing financial ...
E&S Deal: CapSpecialty Buys Renewal Rights to Rockhill Environmental Biz from State Auto
Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group's excess and surplus environmental insurance book of ...
Allianz Group Will Acquire DAS Switzerland, a Legal Protection Insurer, From Munich Re’s ERGO
Allianz Group has agreed to acquire the legal protection insurer DAS Switzerland and the assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group AG, the Munich Re subsidiary. The ...
AmTrust CEO Zyskind, Stone Point Capital Propose Taking Insurer Private
A bid is afoot to take AmTrust Financial Services private. Stone Point Capital Partners, along with AmTrust Chairman and CEO Barry Zyskind and Director George Karfunkel (and his wife, Leah ...
For the First Time in Years, A.M. Best Boosts Its Commercial Lines Insurance Outlook
Analysts at A.M. Best have been sufficiently impressed by commercial lines insurers' pricing, underwriting and resilience in recent years to boost their outlook on this segment of the U.S. ...
Sompo International to Boost Surety Market Presence With Lexon Acquisition
Sompo International, a Bermuda-based specialty insurer and reinsurer, is making an acquisition designed to boost its presence in the surety market. The transaction will take place through its U.S. ...
Qatar Re Will Acquire Markerstudy Companies Based in Gibraltar
Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. Financial details of the deal were not disclosed, but Qatar Re said that Markerstudy ...
Belgium’s Ageas Sells Stake in Italian Insurer to BNP for $213.6M
Brussels-based insurer Ageas on Dec. 29 completed the sale of its stake in Italian bancassurer Cargeas Assicurazioni (CARGEAS) to BNP Paribas Cardif for $213.6 million in cash. Ageas and BNP Paribas ...