Business Moves News
Hyperion Group’s DUAL of London to Acquire PGI Commercial in Florida
The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to expand its underwriting agency business in the U.S. through the acquisition, by its ...
Apollo, JC Flowers to Bid for Hartford’s Japan Unit: Reuters
Private equity firms J.C. Flowers & Co and Apollo Global Management are among a handful of companies expected to bid for Hartford Financial Services Group Inc 's Japanese annuity business, three ...
Monsanto Acquiring Weather Data Modeler, Farm Insurer Climate Corp. for $930 Million
Monsanto Co., the world's largest seed company, agreed to buy The Climate Corp. for about $930 million to provide farmers with weather data and agronomic modeling to boost yields and manage risk. ...France’s Axa Sells Majority Stake in Private Equity Unit
Axa SA, France's biggest insurer, sold a majority stake in its private equity unit to its management, led by founder Dominique Senequier. The transaction values Axa Private Equity, which oversees ...
ProAssurance to Acquire Workers’ Comp Specialist Eastern Holdings
Medical professional liability insurer ProAssurance Corp. (NYSE: PRA) said it is acquiring monoline workers' compensation insurer Eastern Insurance Holdings Inc. (NASDAQ: EIHI) in an all-cash ...
RBS Raises $1 Billion from Sale of 20% of Direct Line
Royal Bank of Scotland Group Plc raised about 630 million pounds ($1 billion) from its third sale of a stake in Direct Line Insurance Group Plc, the U.K.'s biggest home and car insurer. RBS sold ...
Global Insurance M&A Activity at Four-Year Low: Clyde & Co.
Global merger and acquisition activity among insurers dropped 29 percent in the year through June as falling pricing and lower investment returns tempered demand, according to law firm Clyde & ...
KKR Buying Insurance Claims Firm Mitchell in $1B Deal
KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy Mitchell International Inc., the first buyout by the firm's technology group since the head of the team ...