M&A News
Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’
The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346 in 2023, down from 449 in the previous year, according to a new report from Clyde & Co. But the ...
Travelers to Buy Cyber MGU Corvus for $435 Million
The Travelers Companies said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings Inc. for about $435 million for its middle-market excess ...
Digital Drone Insurers Flying Together: SkyWatch Acquires DroneInsurance.com Assets
SkyWatch, a specialty InsurTech focused on digital insurance for the aviation industry, announced the acquisition of the assets of DroneInsurance.com from REIN yesterday. Financial terms of the deal ...
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 ...
INSHUR Acquires American Business Insurance Services, Secures $26M in Funding
INSHUR, a global on-demand insurance provider, has made a strategic acquisition of American Business Insurance Services in order to expand and scale its operations across the U.S. The company also ...
Global Insurance M&A Hits 10-Year High, Despite Slowdown in H2 2022
The insurance sector saw 449 completed mergers and acquisitions (M&A) worldwide during 2022, up from 418 the previous year — the highest for a decade, according to ...
Insurance M&A Activity Slowed in 2022: S&P
Berkshire Hathaway's $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022, but insurance M&A activity dropped this year, ...
Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay
At-Bay, the San Francisco-based managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance placements. ...