M&A
Willis Towers Watson Closes Sale of Telematics Tech to Octo
Willis Towers Watson has completed the sale of its usage-based insurance assets to Octo Telematics, a U.K.-based telematics company focused on the auto insurance industry. Both sides first announced ...
Aon Acquires Swiss Insurance Broker Unidelta AG
Aon plc has acquired 100 percent interest in Unidelta AG, an insurance broker located in Rapperswil, St. Gallen, Switzerland. Unidelta AG was founded in 2004, and is an independent all-line insurance ...
Heritage Insurance Gains Larger Regional Presence With $250M Narragansett Bay Acquisition
Heritage Insurance Company has completed its $250 million acquisition of Narragansett Bay Insurance Company, a deal that it said will create a personal lines carrier with a presence in 11 states. ...
Suit Against AT&T/Time Warner Merger Could Curtail Other M&A Activity
President Donald Trump's first year in office was already shaping up to be a less-than-banner one for M&A. Now, the U.S. Justice Department's lawsuit to block AT&T Inc.'s $85.4 billion ...
A Move Toward Fewer and Much Larger Insurance M&A Deals: Willis Towers Watson
Fewer insurance mergers and acquisitions (M&As) are being completed these days, but those that are completed are of a higher value, according to a survey by global broker Willis Towers Watson in ...
Hub International Will Acquire Wells Fargo’s Crop Insurance Broker Business
Hub International will snatch up the assets of Wells Fargo Insurance's crop insurance broker business. Neither side disclosed financial details. Hub International is already a large, global ...
Ebix Will Pay $74.9M for Via, an Online Travel/E-Commerce Exchange
Ebix Inc. said that one of its Singapore subsidiaries will acquire Via.com, an Omni-channel online travel and assisted e-commerce exchange. The price tag: $74.9 million. Ebix, a provider of on-demand ...
New Uniform, Same Team Culture: Allied World Post-Fairfax Deal
Lou Iglesias took on a bigger role at Allied World late in the second quarter, moving from president of North American operations to CEO of Global Insurance. In an interview with Carrier Management a ...