M&A
Blackstone Group to Pay Up to $4.8B for Aon’s Employee Benefits Outsourcing Arm
Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 ...
Prem Watsa’s Fairfax to Pay $144M for New Zealand Insurer
Fairfax Financial Holdings Lt. will pay $144 million for New Zealand Insurer Tower Ltd. giving it an instant, significant presence in a growing, emerging market. Tower's board of directors has ...
Argo Group Completes $235M Ariel Re Acquisition
Argo Group's $235 million acquisition of Ariel Re is now complete, and the acquired company's former CEO has a job with the combined company. Ryan Mather, Ariel Re's former chief executive officer, ...
Allianz CEO Has $3.2B to Use for M&A. Will He?
Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a ...
Markel to Grab SureTech Financial Corp. for $250M
Markel Corp. will snatch up SureTec Financial Corp. for $250 million, in an acquisition deal designed to give it a leg up in the surety business. The purchase agreement is inclusive of a three-year ...
Validus to Pay $127.5M for Archer Daniels Midland’s Crop Risk Biz
Validus Holdings Ltd. will buy up Archer Daniels Midland Company's Crop Risk Services business for $127.5 million in cash. Plans call for using cash on hand to fund the deal. Validus said it expects ...
JLT Group Acquires Majority Stake in U.S.-Based Construction Risk Partners
Jardine Lloyd Thompson Group plc said it has acquired a majority stake in Construction Risk Partners LLC, a U.S.-based construction risk and surety specialty insurance broker. Financial terms were ...
QBE Denies Allianz Submitted Informal Bid to Buy It
Germany's Allianz has made an informal takeover approach to QBE Insurance, Australia's biggest insurer, but has not named a price, sources told Reuters on Monday. Shares in QBE closed flat after ...