M&A News
Experts Say InsurTech Faces ‘Leveling Out Period’ Amid Tighter Capital, Market Challenges
The InsurTech industry is facing what experts say is a "leveling out period" after investment in the space accelerated during the pandemic due to changes in the workplace and a greater focus on the ...
Acrisure Acquires MGA Platform Volante Global From Markel’s Nephila
Acrisure, the Grand Rapids, Mich.-based financial services and insurance brokerage firm, announced it is acquiring Volante Global, a multi-class, multi-territory international managing general agent ...
Insurance Rates Soar to Cover M&A Boom, Deal or Not
The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. ...
State Auto Innovation Exec Garland Will Lead Company After Liberty Mutual Closes Acquisition
State Auto Financial Corp. will have a new leader with experience in startups, innovation and restructuring once Liberty Mutual closes its $1 billion acquisition of the carrier in 2022. Kim Garland, ...
Belgian Insurer Ageas Draws Renewed Acquisition Interest From Investor Group
BE Group, an investor group fronted by former financial services dealmakers, is exploring the feasibility of a fresh pursuit of Belgian insurer Ageas after a previous attempt was rebuffed, people ...
Lemonade’s Metromile M&A Deal Could Presage More InsurTech Acquisitions to Come: S&P
Lemonade's plan to snatch up Metromile isn't necessarily a one-off InsurTech M&A deal. Many more in the sector are likely in the future, particularly with newly-public startups burdened by anemic ...
InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insurance Growth Plans
Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans. With the M&A agreement, the New ...
Generali Seals $1.4B Deal to Grab Italian Rival Cattolica
Italy's top insurer Generali sealed its 1.17 billion euro ($1.36 billion) takeover of smaller rival Cattolica on Friday in a move aimed at cementing its domestic market leadership. On the last day of ...