M&A
States Approve Motorists Mutual, BrickStreet Mutual ‘Super Regional’ Joint Venture
Ohio-based property/casualty insurer Motorists Mutual Insurance Co. and West Virginia-based workers' compensation insurer BrickStreet Mutual Insurance Co. Inc., have been granted regulatory approvals ...
Hamilton Re Will Snatch Up Canopius’ Excess Casualty Renewal Rights
Hamilton Re said it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.'s excess casualty insurance book of business. Neither side disclosed financial details. The ...
Clunky M&A Deals Are Spurring Uptick in Insurance Claims: AIG Study
Faulty mergers and acquisitions have spurred an uptick in insurance claims as dealmakers overstated profits or breached accounting rules, insurer American International Group Inc. said in a study of ...
AmWINS Will Buy Partners Specialty Group, Adding to Already Giant Broker Operation
Specialty insurance brokerages AmWINS Group Inc. and Partners Specialty Group LLC have agreed to merge, creating a combined firm that will place a whopping $14 billion in annual premiums. Neither ...
Zurich Completes $551M Deal to Buy Cover-More, Australia’s Largest Travel Insurer
Zurich Insurance Group has completed its $551 million acquisition of Cover-More, an Australian travel insurer and service provider that operates in Australia, India and the U.S. This transaction is ...
Markel Subsidiary Acquires Remaining Stake in Canadian MGA
Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general ...
Stephen Catlin to Retire as XL Group’s Executive Deputy Chairman
XL Group, the corporate parent of XL Catlin, said that Stephen Catlin will be retiring as executive deputy chairman at the end of 2017. Catlin sold his eponymously named Bermuda specialty insurer and ...
2017 Insurance Industry Mergers Could Reach Record Levels: Conning
Signs point to 2017 being another year of "robust" mergers and acquisitions, thanks in part to a number of ongoing industry trends and a current government climate that show no sign of letting up, ...