M&A
AXA to Acquire SulAmérica’s Commercial Lines Unit
AXA has agreed to acquire 100 percent of with SulAmérica SA's large industrial and commercial risks insurance subsidiary, SulAmérica Companhia de Seguros Gerais, for 135 million Brazilian real ...
Activist Hedge Fund Slams PartnerRe Board for Rejecting EXOR Bid
Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, said PartnerRe Ltd. directors hurt shareholders by pushing a merger with AXIS Capital Holdings Ltd. rather than talks ...
Moody’s Says Fosun Deal for Ironshore is Credit Negative
Fosun's plan to buy specialty insurer Ironshore is credit negative for both companies, analysts for Moody's Investors Services said on Monday. In an article published in Moody's Credit Outlook ...
Big Data Analysis: Twitter Sentiment Seen Playing Role in IPO Performance
Two researchers at Johns Hopkins University, who have studied the effects of how Twitter sentiment impacts the performance of initial public offerings have found what appears to be a significant ...
Fosun Planning $1B Capital Raise to Fund Insurance Acquisitions
Fosun International Ltd., the Chinese conglomerate that's been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will ...
EXOR Could Offer Sweeter Deal for PartnerRe; Board Meeting Tuesday
Italy's EXOR SpA will consider raising its $6.4 billion offer for reinsurer PartnerRe Ltd at a board meeting on Tuesday, two sources told Reuters on Friday. The Italian holding company, controlled by ...
How to Keep Top Talent After an Acquisition
Merger and acquisition activity in the P/C industry is growing—driven by declining fundamentals and an excess of cash. And negative industry factors, including increased pricing softness, modest ...
Assurant Announces Possible Sale of Health Biz; Refocusing on Core P/C Specialty
Assurant announced a strategic decision to double-down on its property/casualty specialty insurance efforts, while considering possible sales of its employee benefits and health segments. "Following ...