M&A
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 ...
Proxy Advisor Urges Towers Watson Shareholders to Reject $8.9B Willis Merger
Towers Watson & Co. shareholders should vote against an $8.9 billion merger with Willis Group Holdings Plc even after the insurance broker increased the offer amid a backlash from investors, ...
‘Westchester’ is ACE/Chubb’s Combined North America E&S Wholesale Business
ACE Limited, mapping out logistics of its planned $28 billion Chubb acquisition, will combine several divisions from both companies into a new North America excess and surplus lines wholesale ...
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 ...