M&A
Merger Questions and Answers: Ironshore Ends Deal; Tower Deal Survives
Property/casualty insurance industry merger news continued late last week with Ironshore announcing that its deal to acquire an Australia specialist fell apart, while Tower got an assurance that its ...
Aspen Tells Shareholders to Snub Endurance’s New M&A Overtures
Endurance Specialty Holdings Ltd. may want to buy Bermuda reinsurance rival Aspen Insurance Holdings Ltd., but its acquisition target is doing everything it can to resist the hostile bid. In its ...
AmTrust To Grab Florida WC Insurer With Low-Hazard Risks
AmTrust Financial Services Inc. said it will snatch up a a workers compensation insurer affiliated with Blue Cross & Blue Shield of Florida (Florida Blue) in a bid to add more low-hazard risks to ...
Moody’s Affirms Validus Ratings Despite Western World Challenges
On Wednesday, Moody's Investors Service affirmed its ratings for Validus Holdings, Ltd., including the A3 insurance financial strength rating of the principal operating subsidiary Validus ...
Deal Analysis: Why Validus Is Buying Western World
The combination of Validus Holdings and Western World Insurance Group fills in "missing pieces" for both organizations, Validus' chairman said Tuesday, detailing finer points of a $690 million deal ...
ACE Now Has Major Stake in Siam Commercial Samaggi Insurance
ACE Limited has announced that the company and its local partner have acquired, through a mandatory tender offer, an additional 32.17 percent in The Siam Commercial Samaggi Insurance PCL (SCSMG), a ...
It’s Official: Marsh Buying Stake in Alexander Forbes of South Africa
Marsh & McLennan Cos. will buy a 34 percent stake in Alexander Forbes Ltd. as Africa's largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next ...
Validus Buying Western World for Nearly $700M
Validus Holdings announced Monday that it signed a definitive agreement to acquire Western World Insurance Group for nearly $700 million, in a deal that leaves the management team and brand of the ...