M&A
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 ...
Marsh Rumored to be Targeting Alexander Forbes of South Africa
Marsh Ltd., the insurance unit of New York-based Marsh & McLennan Cos, has expressed interest in bidding for closely held Alexander Forbes Ltd. of South Africa, according to three people familiar ...
Deutsch Taking Chief Strategy Officer Role at Hamilton Seeking Growth Beyond Bermuda
Hamilton Insurance Group announced Thursday that insurance and financial services veteran Bob Deutsch will be joining the company in the newly-created position of Chief Strategy Officer. Deutsch, who ...
Allianz, Munich Re’s Ergo Unit Rumored in Talks for Greek Insurer
Allianz SE, Europe's largest insurer, and Munich Re's primary insurance unit Ergo Versicherungsgruppe AG are in talks to buy Agrotiki Insurance from Greece's Piraeus Bank SA, said three people ...
Endurance Reacts to Latest Rejection from Aspen
Characterizing details of an announcement by the board of Aspen Insurance Holdings rejecting another cash-stock offer from Endurance as "combative," Endurance offered its own view of what it termed ...