Business Moves & Mergers News
Zurich Holding Company of America Acquires Cyber Counterintelligence Firm
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, announced the acquisition of SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats ...
Intangic MGA Launches Cyber Parametric Policy With Backing From AXA XL
Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in ...
At-Bay Acquires Licensed P&C Insurance Carrier
Managing general agent At-Bay said it has acquired an excess and surplus lines insurer licensed in 44 states from XL Insurance America to now become a full-stack carrier. "This milestone will allow ...
Liberty Mutual Considers $1 Billion Latin America Sale
Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the US insurer's divestment plans from non-core markets, according to people with knowledge of the matter. ...
Update: Amazon Launches Home Insurance Comparison Website for UK Customers
Amazon.com Inc. is launching a home insurance portal in Britain and has signed up three big-name insurers as it pushes further into financial services across the ...
Allianz, UBS, Generali, DWS Submit Bids for NN Group’s Asset Manager
DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids for the asset management arm of NN Group NV, people familiar with the matter said. The unit, known as NN ...
France’s AXA to Acquire P/C Insurer XL Group for $15.3B
AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of the U.S. property and casualty market as premiums rise after last year's natural disasters. The ...
AAMGA, NAPSLO Exploring Merger
The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one ...