M&A News
Competitors Poached Talent as Aon/WTW Merger Plans Grew Uncertain
While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the "distraction and ...
Updated: Moody’s to Pay $2B for Daily Mail’s RMS Cat Modeling Unit
The publisher of Britain's Daily Mail said on Thursday it had agreed to sell its insurance risk business RMS to Moody's Corporation for about 1.425 billion pounds ($1.99 billion) in cash. Chief ...
InsurTech bolttech, Flush With Cash, Snatches Up Berlin-Based Digital Platform
The InsurTech startup bolttech announced it has acquired i-surance, a next-generation B2B2C digital insurance platform based in Berlin. Financial details of the deal were not disclosed. The ...
Insurance Software Company Earnix Acquires Assets of Telematics InsurTech Driveway Software
Earnix, a software company focused on insurers and banks, has acquired the assets of Driveway Software Corp., a telematics provider that relies on artificial intelligence. Financial terms were not ...
Insurance Advisory Firms Aite and Novarica Merge; Pamlico Backs the Effort
Two Boston, Mass.-based advisory and research firms for the insurance industry are now one. Aite Group and Novarica Inc. said they have merged to create Aite-Novarica Group. The move comes with an ...
After State Auto, Liberty Mutual Turns to Malaysia for Next Acquisition
Liberty Mutual Insurance is disclosing acquisition plans for the second time in two weeks. This time, the Boston-based mutual insurance holding company said it will apply for regulatory approval to ...
Liberty Mutual Acquiring State Auto
Liberty Mutual Holding Company, whose insurance company famously invites customers to only pay for what they need, is paying roughly $1 billion to acquire State Auto Group, a super-regional insurance ...
EU OKs $30B Aon/Willis Towers Watson Merger; U.S. Roadblocks Remain
The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed $30 billion merger. But there are more roadblocks to overcome. The ...