M&A
MetLife Considers Spinning Off Retail Business to Ease Regulation
MetLife Inc., the largest U.S. life insurer, plans to separate much of its domestic retail business as Chief Executive Officer Steve Kandarian works to shrink the company amid tighter government ...
Analyst’s Survey: Investors Back Icahn on AIG Breakup
Most American International Group Inc. investors believe that billionaire activist Carl Icahn is right that the insurer needs a new strategy, according to a Sanford C. Bernstein & Co. analyst who ...
Swiss Re Will Grow ESL Business With $152.5M Acquisition
Swiss Re's corporate solutions arm is snatching up employer stop loss underwriter IHC Risk Solutions LLC for $152.5 million in cash. Plans call for closing the purchase during the 2016 first quarter, ...
ACE Outlines Post-Chubb-Merger Asia Pacific Exec Roster
ACE Group, in the final throes of a $28 billion merger deal with Chubb, has fleshed out the leadership team for its Asia Pacific commercial property/casualty arm. The new team will report, as ...
Zurich Ratings Steady Despite Management Changes, Crop Deal
Standard & Poor's Rating Services and A.M. Best separately confirmed their existing ratings of Zurich Insurance Group in recent days, although S&P noted a downward revision in some of the ...
Zurich Will Pay Up to $1.05B for Wells Fargo Crop Insurer
Zurich Insurance Group AG agreed to buy a Wells Fargo & Co. crop-insurance business for as much as $1.05 billion as the Swiss company puts to work excess cash left over from a separate takeover ...
Wells Fargo Renews Quest for Insurance Brokerage Acquisitions
Wells Fargo & Co is restarting efforts to expand its insurance brokerage business through acquisitions after previously announced M&A aspirations did not pan out. Laura Schupbach, evp and ...
Willis/Towers Watson Shareholders Embrace $8.9B Merger Deal
Shareholders from Willis Group Holdings and Towers Watson approved the planned $8.9 billion merger between both companies, setting the stage for the deal to close in early 2016. In approving the ...