M&A
P/C Q1 Hurt by Catastrophe Losses, Lower Investment Gains: A.M. Best
It is clear now: the jump in catastrophe losses during the 2016 first quarter along with lower investment gains hurt U.S. property casualty insurers' bottom lines. While the P/C industry posted a ...
American Financial Pitches ‘Best and Final’ Offer to National Interstate
American Financial Group is trying again, upping its bid one last time to acquire the remaining common shares of National Interstate Corp. that its subsidiary doesn't already own. Great American ...
National Interstate Keeps Rebuffing American Financial’s M&A Bid
Three months after an initial offer, a bid by a division of insurance holding company American Financial Group to buy the rest of National Interstate Corp. that it doesn't already own appears remains ...
Allianz Grabs Zurich’s Moroccan Division for $275M
Allianz Group plans to pay more than $275 million for Zurich Insurance's Moroccan subsidiary. The deal for Zurich Assurances Maroc is expected to close at the end of 2016, pending regulatory ...
U.S. Treasury Reviewing Fosun’s Acquisition of Ironshore
United States authorities are conducting a review of China's Fosun Group's acquisition in November 2015 of Bermuda-based insurer Ironshore. The Committee on Foreign Investment in the United States ...
Alliant Acquires Western Carwash Insurance Program
Alliant Insurance Services has acquired Western Carwash Insurance Program in California. Terms of the agreement were not disclosed. Western Carwash Insurance Program is the exclusive insurance ...
Political Connections Ease the M&A Process
Firms that maintain political connections have an easier path through the merger process. In a study that is the first to examine the issue, we compare the differences in merger behavior and outcomes ...
Two Big Data Companies Merge to Expand Crime-Avoidance Technology
Two companies in the big data realm are planning to merge in a move that will help expand the use of risk-reduction technology that helps users safely navigate high-crime areas. Helios and Matheson ...