M&A
AIG Life Books May Be On the Block: Bloomberg Report
American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is considering the sale of blocks of life policies, according to people familiar with ...
ACE/Chubb Merger Effort Ramps Up Exec Appointment Announcements
In the months following ACE Ltd.'s surprise July announcement that it would acquire Chubb for $28 billion, what began as a trickle is now a flood. Specifically, ACE's announcements of its post-merger ...
Willis Boosts Towers Watson Merger Offer to $8.9B
Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm's investors said that a ...
Raised M&A Offer Possible as Willis/Towers Watson Adjourn Shareholder Merger Votes for 2 Days
Towers Watson & Co said it adjourned a shareholder meeting on Wednesday after failing to muster enough support for its $18 billion merger with insurance broker Willis Group Holdings in a move ...
Insurance Software Maker Ebix Mulls $685M Offer For U.K. Rival
Insurance software provider Ebix Inc. is contemplating a $685 million offer for U.K. rival Xchanging plc. Ebix disclosed on Nov. 16 that it sent a letter to Xchanging's board of directors outlining ...
Ironshore Acquires Novae Group’s Agricultural Team and Renewal Book
Bermuda-based Ironshore International announces the acquisition of the reinsurance renewal rights to Novae Group's global agriculture reinsurance portfolio. The transfer is conditional on Lloyd's ...
Reinsurance Execs Weigh In on Consolidation
Q: Consolidation. In your view, is M&A activity done in the reinsurance sector or is there more to come? What has been the impact of consolidation of insurers, reinsurers and brokers on the ...
Chubb Investors Oppose $80M Golden Parachute for CEO
Chubb Corp. shareholders opposed an $80 million golden parachute payment for Chief Executive Officer John Finnegan, who struck a deal to sell the insurer to ACE Ltd. About 61 percent of voting ...