M&A
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 ...
American Family, Main Street America Group to Merge
On Friday, Madison, Wisconsin-based American Family Insurance group and Florida-based The Main Street America Group announced that their companies will pursue a merger. The combined equity of the ...
Innovators Putting Italy on the InsurTech Carrier Map
A former carrier executive, a strategy consultant in the InsurTech space and a banking expert are teaming up to launch the first InsurTech carrier of the Italian market. Andrea Battista, the former ...
U.S. Customers Not Widely Aware of InsurTechs Just Yet: J.D. Power
InsurTechs may be trying to transform how carriers, brokers and agents do business, but customers aren't widely aware of their existence just yet, J.D. Power has determined. J.D. Power's 2018 U.S. ...
Chubb CEO Greenberg Disses ‘Overpriced’ M&A Market, Lloyd’s Underwriting Practices
Don't expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an "overpriced" market. "The prices ...
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 ...