M&A News
Markel Corp. to Snatch up State National for $919 Million
Markel Corp. will acquire State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams. Both ...
Trump Factor Playing Huge Role in Stalling Insurance M&A
With a climate of uncertainty surrounding the political scene in the United States, particularly with respect to tax reforms promised by the new administration, insurance industry merger and ...
Watsa’s Fairfax Financial Closes ‘Most Significant’ Deal Yet: $4.9B Allied World Acquisition
Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for $4.9 billion – marking ...
Wells Fargo Selling Commercial Insurance Business to USI Insurance
Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA, which includes commercial ...
Sompo International (Formerly Endurance) Will Grab Novae’s Financial Institutions’ Renewal Rights
Sompo International said its London market insurance platform will acquire Novae Syndicate Ltd.'s financial institutions renewal rights. Neither side is disclosing a specific purchase price. Through ...
Many Pressures Will Spur More Insurance M&A Deals in 2017: Conning
Insurance industry M&A activity should swell through the rest of 2017 in all areas, with multiple factors driving the trend Conning said in a new report. "The property/casualty sector should ...
Hamilton USA Worth About $110M to AIG; Macia Will Remain as CEO After Sale
American International Group's plan to acquire Hamilton USA is worth about $110 million, and its existing leader will remain in place once the deal goes through. The purchase price amounts to ...
Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become ‘Premier’ Specialty P/C Insurer
Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a "premier" specialty property/casualty insurance company, both domestically and abroad, now that Liberty ...