M&A
China to Permit More Foreign Investment in Insurance, Securities and Banking
China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world's second-largest economy. The ...
Watsa’s Fairfax Financial Wins Approval to Grab Majority Stake in Indian Lender
Value investor Prem Watsa's Fairfax Financial Holdings Ltd. won regulatory approval to buy 51 percent of Catholic Syrian Bank Ltd., marking the first time India's central bank is allowing a foreign ...
Donegal Mutual and Mountain States Announce Strategic Affiliation
Donegal Mutual Insurance Co. and Mountain States Mutual Casualty Co. have announced plans for a strategic affiliation. Subject to regulator and policyholder approval, Mountain States will merge into ...
Guidewire Grabbing ISCS for $160M, With an Eye on the Cloud
Guidewire, a software company focused on the P/C industry, will buy a tech outfit specializing in cloud computing for about $160 million in cash. The acquisition also helps it access the small ...
Fitch Places Allied World’s Financial Strength Status on Rating Watch Negative
Fairfax Financial may see huge possibilities in its $4.9 billion agreement to buy Allied World Assurance Co., but Fitch Ratings is responding cautiously to the news. Fitch placed Allied World's 'A+' ...2017 Predictions Part I: Brexit Opportunities and More M&A to Come
M&A and Brexit will be major factors for the global insurance/reinsurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & ...
Watsa’s Fairfax Will Snatch Up Allied World in $4.9B Deal
Fairfax Financial Holdings Ltd. agreed to buy insurer Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa's largest purchase. Fairfax will pay $54 per ...
Cognizant to Acquire Adaptra
IT services provider Cognizant announced that it has agreed to acquire Sydney-based Adaptra. Cognizant said the deal will expand its capabilities in enabling insurers to digitally engage and empower ...