M&A
Berkshire Hathaway to Acquire Alleghany for $11.6B
Berkshire Hathaway announced it will acquire Alleghany Corporation for $11.6 billion. Berkshire will acquire all outstanding Alleghany shares for $848.02 per share in cash in a transaction that was ...
SiriusPoint Partners With Mosaic to Reinvigorate Lloyd’s Business
SiriusPoint Ltd., a global insurer and reinsurer, announced it has entered into a strategic partnership with Mosaic Insurance. SiriusPoint will invest in Mosaic to support growth, provide ...
Liberty Mutual Closes Deal for State Auto Group
Liberty Mutual Insurance said it completed the all-cash deal of about $1 billion for super-regional insurer State Auto Group. The transaction was originally announced in July 2021. Now that it gained ...
Hub, Bold Penguin to Acquire Small-Business Digital Agency Insureon
Brokerage Hub International and InsurTech Bold Penguin have agreed to acquire digital agency Insureon Holdings. Chicago-based Insureon calls itself the top independent marketplace for online delivery ...
Applied Underwriters to Acquire Catlin Specialty From AXA XL
Applied Underwriters has announced that it will acquire Catlin Specialty Insurance Company from the AXA XL group of companies. The move will consolidate Catlin into the North American Casualty group ...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. ...
Metromile Receives Stockholder Approval of Merger With Lemonade
Metromile, a digital insurance platform and pay-per-mile auto insurer, announced that its stockholders approved a proposal to adopt the merger agreement entered into with Lemonade Inc. to acquire ...
Kin Insurance, Omnichannel Terminate Plan for SPAC Merger
Digital home insurance company Kin Insurance Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The ...