M&A
Fairfax Financial Will Sell Singapore Insurer to Mitsui Sumitomo for $1.6B
Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore's First Capital Insurance for $1.6 billion from Canada's Fairfax Financial Holdings, in the biggest takeover by a Japanese insurer in ...
Verisk Analytics Commits $322.7M to Buy UK Software Firm Sequel
Verisk Analytics plans to acquire Sequel for $322.7 million, a deal that will give it a UK-based software firm focused on complex commercial and specialty insurance. Sequel is currently owned by ...
Common Misconceptions and 4 Other Reasons Cybersecurity Is Failing
Businesses are spending a small fortune on cybersecurity but what they are doing is not working very well, according to a cybersecurity expert who sees the insurance industry as a key to improving ...
The Schinnerer Group to Add Property Catastrophe Business With ICAT Acquisition
The Schinnerer Group has agreed to acquire International Catastrophe Insurance Managers (ICAT) from the Paraline Group for an undisclosed price. Plans call for closing the deal sometime in the 2017 ...
Insurance M&A Deals Now at Lowest Level Since 2015: Clyde & Co.
The volume of completed mergers and acquisitions in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second ...
Generali Will Sell Panama Business to ASSA for $172M
Generali has entered into an agreement to sell its Panama business to ASSA Compañía de Seguros S.A., for $172 million, continuing its strategy to focus on core businesses. Under the transaction, ...
Liberty Mutual’s Ironshore Acquisition Helps Buttress Q2 Results
Liberty Mutual reported an improved 2017 second quarter, with a big jump in net premiums written and net income driven by its $3 billion acquisition of property/casualty specialty insurer Ironshore ...
AIG CEO Duperreault Wants to Rebuild Insurer’s ‘Strong’ Talent Bench
Brian Duperreault, American International Group's CEO since May, is trying to get the word out that the struggling insurer is a great place to work again. His predecessor, Peter Hancock, slashed jobs ...