M&A
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 ...
The Hartford Will Acquire Aetna’s U.S. Life, Disability Biz in $1.45B Cash Deal
Hartford Financial Services Group Inc said on Monday it would buy health insurer Aetna Inc's U.S. group life and disability business for $1.45 billion cash in a move that will expand its insurance ...
AIG’s UK Arm Underwrites Its First Sharia-Compliant M&A Policy
AIG UK said on Thursday it had underwritten its first sharia-compliant warranty and indemnity policy out of London's M&A insurance market, as the city looks to Islamic finance to help bring new ...
AXIS Capital Closes Novae Acquisition, Discloses Revamped Executive Team
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd's, with 2016 global gross written ...
Assurant to Acquire The Warranty Group for $2.5B, With Eye on Quicker Global Growth
Assurant will pay $2.5 billion to acquire The Warranty Group, a rival that provides insurance protection plans in areas including consumer electronics and appliances. Plans call for closing the deal ...
AmWINS Acquiring 15 Willis Towers Watson Programs
Specialty broker AmWINS Group reports it has agreed to acquire 15 insurance programs from broker Willis Towers Watson. Among the programs being acquired by AmWINS are MountainGuard, which provides ...
Guidewire Paying $275M for P/C Data Science Software Firm Cyence
Guidewire Software Inc. will fork over $275 million to acquire Cyence, a software startup that uses data science and risk analytics to help P/C insurers address emerging risks including cyber, ...
Hub International Grabs Calif. Broker Focused on VC and Tech Clients
Hub International Ltd. said it acquired the assets of California-based Costello & Sons Insurance Brokers (CSI), a move that gives it commercial lines expertise in areas including venture capital ...