M&A
Arch Insurance Acquires InsurTech Thimble
Arch Insurance said it has acquired Thimble, an InsurTech platform that enables small businesses to get insurance coverage by the job, month or year using app, website or over the phone. Terms were ...
Demand for Transactional Risk Coverage Remained Strong in 2022: Marsh
Transactional risk insurance continued its rise in popularity in 2022 to become a global, mainstream feature on mergers and acquisitions (M&A). Despite macroeconomic and geopolitical challenges, ...
Harford Mutual Insurance Group Plans Merger With ClearPath Mutual
Harford Mutual Insurance Group, a commercial P/C insurance company, announced its plan to merge with ClearPath Mutual Insurance Company, a monoline workers compensation carrier. "We are constantly ...
Global Insurance M&A Hits 10-Year High, Despite Slowdown in H2 2022
The insurance sector saw 449 completed mergers and acquisitions (M&A) worldwide during 2022, up from 418 the previous year — the highest for a decade, according to law firm Clyde & Co's ...
Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal
Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 ...
Vista Equity Partners to Buy Duck Creek for $2.6B Cash
Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 billion. Pending Duck Creek ...
Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves
The great SPAC crash is closing out the year in dramatic fashion as more shareholders prepare to cash out of the speculative-investing industry for good. At least 80 special-purpose acquisition ...
AmTrust Acquires DUAL’s Middle Market Management Liability Practice
AmTrust Financial Services has acquired the middle market management liability business of specialty program administrator DUAL North America, which includes its underwriting team and renewal rights ...