M&A
Guidewire’s Q3 Net Losses Spiked, But Revenue Soars as Acquisitions Absorbed
Guidewire Software Inc. grew revenue and concluded a major acquisition in its 2017 fiscal third quarter, but losses spiked. The California-based insurance software operation booked more than $1.8 ...
Sompo International (Formerly Endurance) Will Grab Novae’s Financial Institutions’ Renewal Rights
Sompo International said its London market insurance platform will acquire Novae Syndicate Ltd.'s financial institutions renewal rights. Neither side is disclosing a specific purchase price. Through ...
Fairfax Cutting Stake in India JV Insurer ICICI Lombard
Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees ($3.15 billion), ...
The Latest Launches From Beazley and Ironshore
Beazley will underwrite new coverage that helps cover administrative burden and fees involved with processing ticket refunds for attendees who can't attend an event that is otherwise being held as ...
Many Pressures Will Spur More Insurance M&A Deals in 2017: Conning
Insurance industry M&A activity should swell through the rest of 2017 in all areas, with multiple factors driving the trend Conning said in a new report. "The property/casualty sector should ...
Hamilton USA Worth About $110M to AIG; Macia Will Remain as CEO After Sale
American International Group's plan to acquire Hamilton USA is worth about $110 million, and its existing leader will remain in place once the deal goes through. The purchase price amounts to ...
Aon Buys Online Talent Assessment Company
Aon plc announced it has acquired Hamburg, Germany-based "cut-e", a specialist in online talent assessments. Financial terms of the transaction were not disclosed. Michael Burke, CEO Talent, Rewards ...
Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become ‘Premier’ Specialty P/C Insurer
Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a "premier" specialty property/casualty insurance company, both domestically and abroad, now that Liberty ...