merger News
AIA, PCI Members Approve Merger; Combined Group Debuts on Jan. 1
Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect in 2019, and the combined organization is set to have ...
AXA’s $15B XL Acquisition Enables It to Raise Profit Goals, Target Asia Markets
AXA, Europe's second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in ...
XL Catlin Ends 2015 on Firmer, Post-Merger Solid Ground
The creation of XL Catlin in mid-2015 through a $4 billion deal put in place significant new scale and market reach for the combined insurer and reinsurer. With that in mind, parent XL Group's Q4 and ...
Willis CFO Departs, Gets $3.75M in Wake of Merger with Towers Watson
Willis and Towers Watson are now officially one company. Their $8.9 billion merger deal closed on Jan. 4, and they began operating a day later under their new name: Willis Towers Watson Public ...
Willis/Towers Watson Shareholders Embrace $8.9B Merger Deal
Shareholders from Willis Group Holdings and Towers Watson approved the planned $8.9 billion merger between both companies, setting the stage for the deal to close in early 2016. In approving the ...
Raised M&A Offer Possible as Willis/Towers Watson Adjourn Shareholder Merger Votes for 2 Days
Towers Watson & Co said it adjourned a shareholder meeting on Wednesday after failing to muster enough support for its $18 billion merger with insurance broker Willis Group Holdings in a move ...
XL Catlin Maintains Positive Fitch Ratings Assessment
Fitch Ratings remains cautious optimistic about XL Group, corporate parent of the newly merged XL Catlin, maintaining it previous positive assessment of the global insurer and reinsurer. Fitch said ...
ACE/Chubb Merger Plan Clears Federal Antitrust Regulatory Hurdle
ACE's planned $28 billion acquisition of Chubb cleared a major milestone necessary to meet a hoped-for completion of the deal in the 2016 first quarter. Specifically, the U.S. Federal Trade ...