Business Moves News
CoreLogic Acquires Catastrophe Modeler EQECAT
CoreLogic, an Irivine, Calif. company that provides the insurance, financial services and real estate industries with data and analytics, has acquired catastrophe modeling firm EQECAT from ABS Group. ...
Liberty Mutual Buying Rest of Quinn Insurance in Ireland
Liberty Mutual Group Inc. said it will buy the 49 percent stake in the former Quinn Insurance Ltd. in Ireland that it doesn't already own from failed lender Irish Bank Resolution Corp. The company ...
Sompo Japan Expanding Overseas with Acquisition of Canopius for $963M
Sompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, will buy Canopius Group Ltd. of the U.K. for 99.2 billion yen ($963 million) as it expands beyond ...
Insurance Australia Group Buying Wesfarmers’ Insurance Business
Insurance Australia Group Ltd., the nation's biggest car and home insurer, will buy Wesfarmers Ltd.'s insurance underwriting businesses in Australia and New Zealand for A$1.85 billion ($1.66 ...
Swiss Re Acquiring Stake in Brazil’s Sul America
Swiss Re Ltd., the world's second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in Brazil. The reinsurer will also purchase a 3.8 percent holding ...
Liberty Mutual to Enter Mexico with Purchase of Surety Company
Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable ...
Towers Watson Completes Sale of Reinsurance Business for $250M
Towers Watson & Co. said Wednesday that it has completed the sale of its reinsurance brokerage business to Jardine Lloyd Thompson Group PLC for $250 million but plans to continue working with its ...
South Africa’s MMI Acquiring Alexander Forbes Insurance Business
MMI Holdings Ltd., South Africa's third-largest insurer, agreed to pay 1.6 billion rand ($158 million) for Alexander Forbes Ltd.'s insurance business. MMI will fund the cash acquisition of Guardrisk ...