acquisition News
Aviva Completes Probitas Acquisition; Re-Enters Lloyd’s
UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company's return to the Lloyd's market after a hiatus of more than 20 years. The deal ...
Nearmap Announces Agreement to Acquire Betterview
Nearmap, a location intelligence and aerial imagery solutions provider, has signed an agreement to acquire Betterview, a property intelligence and risk management platform in the insurance industry. ...
AIG to Sell Validus Re to RenRe in $3B Deal
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during ...
Liberty Mutual Acquiring State Auto
Liberty Mutual Holding Company, whose insurance company famously invites customers to only pay for what they need, is paying roughly $1 billion to acquire State Auto Group, a super-regional insurance ...La Familia Agency, LLC Joins Fiesta Insurance
Combined entity will be leading insurance and tax service retailer specializing in servicing the Hispanic Community
Las Vegas, NV – February 4, 2021 – Fiesta ...
UK Insurer LV= Discloses Exclusive Talks With Bain Capital About Possible Sale
UK insurance company Liverpool Victoria said it's in exclusive talks with Bain Capital LP over a potential deal. The company, known as LV=, began a strategic review in June that included the ...
A UK Insurance Broker Secures $2 Billion Loan for Acquisitions
UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender. The group is refinancing ...
Determining Lemonade Investors’ Likely Exit Strategy
Now that Lemonade has raised nearly $500 million in financing to date and is pursuing an international expansion, speculation has begun as to what the exit strategy will ultimately be for investors ...