M&A News
The Hartford Completes $168M M&A Deal for E&S Outfit Maxum Specialty
The Hartford Insurance Group (HIG) has completed its acquisition of Maxum Specialty Insurance Group for $168 million in cash. The transaction, announced in March, closed on July 29. Maxum will ...
Chubb CEO Evan Greenberg: 60 Mid-Level Managers Left Since M&A Deal Announced
Chubb Chairman and CEO Evan Greenberg insists that just 60 mid-level managers have departed since the insurer's now-completed $30 billion merger with ACE Ltd. was first announced a little over a year ...
National Interstate Comes Around to American Financial’s $320M M&A Bid
It took plenty of back-and-forth, counter-offers and more, but American Financial Group has finally reached an agreement to buy the rest of National Interstate Corp. that its subsidiary does not ...
Allianz Unveils North American Transactional Liability Unit as M&A Surges
Allianz Group is launching a new transactional liability unit designed to take advantage of greater M&A deal activity in the U.S. and, ultimately, around the world. The insurer's Allianz Global ...
Berkshire Hathaway Snatches Up New York Medical Liability Insurer
Berkshire Hathaway subsidiary National Indemnity Company is snatching up Medical Liability Mutual Insurance Company for an undisclosed price. The deal will close in the 2017 third quarter, pending ...
American Financial Pitches ‘Best and Final’ Offer to National Interstate
American Financial Group is trying again, upping its bid one last time to acquire the remaining common shares of National Interstate Corp. that its subsidiary doesn't already own. Great American ...
National Interstate Keeps Rebuffing American Financial’s M&A Bid
Three months after an initial offer, a bid by a division of insurance holding company American Financial Group to buy the rest of National Interstate Corp. that it doesn't already own appears remains ...
Munich Re, Hartford Steam Boiler and CNA Launch New Products
There's a new app out from Munich Re's U.S. arm that helps homeowners make their home more resilient to severe weather events. The reinsurer's Hartford Steam Boiler recently launched personal lines ...