M&A
Marsh & McLennan Acquires Large Southeast Broker J. Smith Lanier
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has agreed to acquire West Point, Ga.-based J. Smith Lanier & Co., one of the nation's largest, privately held ...
Hub International Snatches Up Canada’s Mainline Insurance Brokers & Affiliated Firms
Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and ...
Watsa’s Fairfax Reportedly Wants Ontario Pension Fund to Back $4.9B Allied World Buy
Prem Watsa's Fairfax Financial Holdings Ltd. is in talks with the Ontario Municipal Employees Retirement System to see if the pension fund will help finance his $4.9 billion takeover of Allied World ...
Allstate Discloses Newly Acquired SquareTrade Unit Had 5 Years of Losses
Allstate Corp. said that the mobile-device insurer that it acquired for $1.4 billion had posted five years of losses before the deal. SquareTrade Holding Co.'s annual loss narrowed to $26.5 million ...
P/C Software Company Duck Creek Technologies Makes an Acquisition
Duck Creek Technologies, a tech outfit that provides cloud services and software for the property/casualty industry, has made an acquisition in a bid to broaden its product offerings. The Boston, ...
Enstar Eyes Asbestos Liability Insurance Rights With $91.5M Dana Companies Acquisition
Enstar is beginning 2017 with news it is acquiring a non-insurance entity. The Bermuda-based insurance group disclosed that its Enstar Holdings arm is snatching up Dana Companies for $91.5 million. ...
AIG Completes $3.4B Sale of Mortgage Guaranty Unit to Arch Capital
American International Group said it has completed the $3.4 billion sale of its mortgage-guaranty unit to Arch Capital Group, an important piece of a wide-ranging, ongoing plan to cut jobs, ...
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 ...