M&A
Insurance Groups and Others Urge China to Revise Draft Cyber Rules
In a letter addressed to Chinese Premier Li Keqiang, 46 global business groups spanning finance, information technology, insurance and manufacturing urged Beijing to revise its draft cyber rules, ...
Guidewire Software Grabbing FirstBest for $34M in Commercial Risk Biz Expansion
California's Guidewire Software plans to snatch up FirstBest Systems for $34 million in cash, a deal it said will boost its capacity to serve property/casualty insurers focused on complex commercial ...
Growth Move: Watford Specialty Snags National Assets of Admitted Carrier
Watford Specialty Insurance Company, a division of Watford Re, has acquired a once-dormant insurer with admitted insurance licenses across the country. Financial terms aren't being disclosed. The ...
Ironshore Owner Fosun Plans Massive Asset Sale to Reduce Debt
Fosun Group, one of China's most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After ...
The Hartford Completes $168M M&A Deal for E&S Outfit Maxum Specialty
The Hartford Insurance Group (HIG) has completed its acquisition of Maxum Specialty Insurance Group for $168 million in cash. The transaction, announced in March, closed on July 29. Maxum will ...
Chubb CEO Evan Greenberg: 60 Mid-Level Managers Left Since M&A Deal Announced
Chubb Chairman and CEO Evan Greenberg insists that just 60 mid-level managers have departed since the insurer's now-completed $30 billion merger with ACE Ltd. was first announced a little over a year ...
National Interstate Comes Around to American Financial’s $320M M&A Bid
It took plenty of back-and-forth, counter-offers and more, but American Financial Group has finally reached an agreement to buy the rest of National Interstate Corp. that its subsidiary does not ...
Berkshire Hathaway Acquisition Could Spur More Medical Professional Liability M&A
Berkshire Hathaway's plan to purchase a medical professional liability insurer specialty writer may have greater implications for the sector at large. Fitch Ratings said the M&A agreement will ...