consolidation News
Assurant Closes $2.5B Acquisition of The Warranty Group
Assurant has closed its $2.5 billion acquisition of rival The Warranty Group, seven months after the deal was first announced. Assurant, based in New York, offers insurance and related services for ...
Much More M&A Is Coming as Companies Seek Scale/Tech Advances: A.M. Best
Expect more property/casualty insurance and reinsurance M&A deals in the months ahead — particularly among smaller carriers — as companies continue seeking scale and technology to improve ...
More Industry Consolidation Will Follow the AXA/XL Group Tie-Up: KBW
AXA's planned $15.3 billion acquisition of XL Group Ltd. will spur more consolidation among commercial insurers, Keefe, Bruyette & Woods analysts said in a new report. "The combined AXA/XL would ...
Kemper, After Tough Q4, Will Pay $1.3B for Infinity Property and Casualty
Insurer Kemper Corp will acquire Infinity Property and Casualty Corp for about $1.3 billion in cash and stock to boost its nonstandard auto insurance business, the two companies said on Tuesday. ...
XL Group Is Reportedly Drawing Potential Suitors, Including Allianz
Bermuda-based insurer XL Group Ltd. is attracting interest from rivals including Allianz SE of Germany, according to people with knowledge of the matter. Interest from insurers in potentially ...
Federal, State Regulators Propose Consolidated Collection of Terrorism Insurance Data
The process carriers follow to collect data required under the U.S. federal terrorism reinsurance program are moving toward a more streamlined approach in 2018. Previously, U.S. Department of ...
Crop Insurance Market Consolidation Shows No Sign of Stopping: Conning
Crop insurance was once a sector full of smaller players, but an M&A-driven push for efficiency and scale has left it dominated by fewer and larger carriers, and Conning predicts a continuation ...
Insurance Holding Company Alleghany Is Selling PacificComp to CopperPoint Mutual for $150M
Alleghany Corp. will sell off workers compensation carrier Pacific Compensation Insurance Company (PacificComp) to a rival for $150 million in cash. Arizona-based CopperPoint Mutual Insurance Company ...