M&A
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 ...
Trump Factor Playing Huge Role in Stalling Insurance M&A
With a climate of uncertainty surrounding the political scene in the United States, particularly with respect to tax reforms promised by the new administration, insurance industry merger and ...
Watsa’s Fairfax Financial Closes ‘Most Significant’ Deal Yet: $4.9B Allied World Acquisition
Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for $4.9 billion – marking ...
AXIS Will Grab Lloyd’s Specialty Insurer/Reinsurer Novae for $604M
AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty insurer and reinsurer that operates through Lloyd's of London. "The US$604 million transaction adds scale and breadth ...
Zurich Closes Purchase on Halo, a UK Online Rental Car Platform
Zurich is the proud new owner of Halo, a specialist, UK-based online rental car insurance platform that will help it further a strategy of growth in global travel and assistance markets. Neither side ...
Wells Fargo Selling Commercial Insurance Business to USI Insurance
Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA, which includes commercial ...
Over Just 3 Years, Anbang Insurance Grabbed Sizable Amount of Global Assets
Anbang Insurance Group Co. notched up more than $10 billion of foreign acquisitions during a three-year global takeover binge, a campaign that brought Chairman Wu Xiaohui into the orbit of Wall ...