M&A
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 ...
M&A, Despite Market Risks, Will Continue at Slower Pace: S&P Prediction
Property/casualty insurers and reinsurers continue in 2017 to seek scale in a tough market through mergers and acquisitions. The pace has slowed considerably, however, and Standard & Poor's sees ...
Markel’s Fitch, A.M. Best Ratings Hold Steady After State National Acquisition News
Markel Corp.'s plan to acquire State National Companies for $919 million drew steady, neutral reaction from both Fitch Ratings and A.M. Best. Fitch Ratings responded to the July 26 acquisition ...
Markel Corp. to Snatch up State National for $919 Million
Markel Corp. will acquire State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams. Both ...
An Expensive Cup of Coffee: The Backstory of Sompo-Endurance Deal
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2017 "We were just two guys moaning away actually about the markets," said Nigel Frudd, head of Global M&A and group counsel for ...