M&A News
EXOR to Buy PartnerRe for $6.9B; AXIS Gets $315M Breakup Fee
PartnerRe, after fighting for months against an unsolicited bid from the Italian investment firm EXOR, has finally relented, agreeing to its overtures to buy the Bermuda-based reinsurer for $6.9 ...
Zurich Insurance Reportedly Raising Financing For Possible RSA Takeover Offer
Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group that could come as early as next week, according to people familiar with the matter. The ...
A.M. Best, Blaming Fosun Merger, Places Ironshore Under Review With Negative Implications
Plans for Ironshore Inc. to be fully absorbed by China's Fosun International Ltd. in a $1.84 billion merger have caught the eye of A.M. Best, which is placing the Bermuda-based insurer under review ...
Swiss Re CFO: With European M&A Rising, Insurers Shouldn’t Overreach
Europe's insurers need to think carefully before making acquisitions, Swiss Re Chief Financial Officer David Cole said. Stricter capital rules under Solvency II, which come into force next year, will ...
$2.2B Sirius Sale Leaves S&P, A.M. Best and Fitch Both Wary & Cautious
Plans for White Mountains Insurance Group to sell Sirius International Insurance Group for $2.2 billion to a Chinese investment firm drew negative or cautious reactions from Standard & Poor's, ...
AXIS Sees Q2 Income Drop, Driven by Investment Declines & Marine Losses
AXIS Capital Holdings Ltd. said its net income dropped during the 2015 second quarter versus a year ago, becoming the latest carrier adversely affected, in part, by a drop in investment income. High ...
Cash Will be King if Zurich Insurance Buys RSA
Zurich Insurance Group AG said any offer for RSA Insurance Group will probably be in cash. Wednesday's statement from Zurich means "there's a very high likelihood that it will come through with an ...
W.R. Berkley’s CEO: M&A Trend Mostly Driven by ‘Management Ego’
W.R. Berkley Corp.'s outspoken chairman and CEO slammed the surge of M&A activity hitting the property/casualty industry in recent months as something driven more by "management ego" than true ...