M&A
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 ...
Berkshire Hathaway Snatches Up New York Medical Liability Insurer
Berkshire Hathaway subsidiary National Indemnity Company is snatching up Medical Liability Mutual Insurance Company for an undisclosed price. The deal will close in the 2017 third quarter, pending ...
Global Insurance M&A Deal Counts Down But Drivers Remain: Clyde & Co.
Although the number of mergers and acquisitions completed in the global insurance industry has dropped in the last six months, Brexit is adding to existing drivers as carriers search for growth, 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 ...