M&A
M&A Deals: Lemonade Sells Metromile’s EBS Platform to EIS; Liberty Mutual Acquires AmGeneral
Lemonade has sold Metromile's Enterprise Business Solutions (EBS) to digital insurance platform EIS. EBS was Metromile's SaaS claims automation and fraud detection platform that it licensed to large ...
Lemonade Closes Deal for Metromile
Digital insurer Lemonade said it has closed the acquisition of pay-per-mile car insurance provider Metromile in an all-stock transaction. Metromile shareholders received 7.3 million Lemonade shares, ...
Vertafore Acquires MGA Systems
Insurance technology vendor Vertafore has acquired MGA Systems, a provider of software for managing general agencies based in Melville, N.Y. Vertafore said the acquisition gives its customers access ...
JAB to Acquire Fairfax’s Pet Insurance Stake in Crum & Forster, Pethealth
JAB Holding Company and Fairfax Financial Holdings Limited have announced that JAB's pet insurance business agreed to acquire all of Fairfax's interests in the Crum & Forster Pet Insurance Group ...
Tokio Marine Kiln Selling Highland’s U.S. Construction Biz to Intact Insurance
Tokio Marine Kiln (TMK) has agreed to sell its Tokio Marine Highland's (TMH) U.S. construction division to Intact Insurance Group USA LLC (Intact). Financial terms of the deal were not disclosed in ...
Alleghany Stockholders Approve Sale to Buffett’s Berkshire Hathaway
Alleghany Corp. on June 9 said its stockholders approved and adopted Berkshire Hathaway's offer to buy the company for $11.6 billion. "We are pleased our stockholders have overwhelmingly voted to ...
Howden Group to Acquire TigerRisk Partners to Create ‘Much-Needed’ Fourth Reinsurance Broker
Howden Group Holdings said it has created the "much-needed fourth global player in the reinsurance market" with an announcement it has acquired TigerRisk Partners to bolster the scale and depth of ...
LexisNexis Acquires Property Inspection Tech Firm Flyreel
LexisNexis Risk Solutions has acquired Flyreel, a Denver-based property technology firm that uses artificial intelligence (AI) and machine learning to enable self-service property inspections. ...