mergers and acquisitions News
AIG Sells Off Stake in China’s PICC Group With Few Gains
American International Group Inc. bought into The People's Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time -- ...
Allianz Mulls 2019 Share Buyback Slowdown to Finance Acquisitions
Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group's finance chief said on Friday after reporting a 19 ...
Job Losses Expected as AXA XL Merges European Teams
AXA's $15 billion acquisition of XL Group last fall will lead to further integration, consolidation and job cuts, according to a draft plan the company released on Feb. 12. The M&A deal between ...
Global Insurance M&A Grew 9 Percent in 2018; Short-Term Drop-Off Likely: Clyde & Co.
Global insurance sector mergers and acquisitions increased by 9 percent in 2018, with the Americas showing the most active deal activity, according to a new Clyde & Co. report. There were 382 ...
The Hartford Reorganizes Specialty Operations in Anticipation of Navigators Acquisition Closing
The Hartford is releasing its new operating model and organizational structure set to be in place when its $2.1 billion acquisition of specialty insurer The Navigators Group closes. Plans call for ...
Allianz Reportedly Negotiating to Acquire Malaysian Auto Insurer
Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia's second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the ...
Guy Carpenter Appoints Post-JLT Merger Executives, Forms New Division
Reinsurance broker Guy Carpenter & Co. has formed a new division and made a series of executive appointments effective after parent company Marsh & McLennan Cos. closes its acquisition of ...
Nationwide Acquires Program Manager E-Risk Services, With an Eye on E&S Expansion
Nationwide said it has acquired E-Risk Services LLC, a privately held program manager specializing in management lines products. Neither side is disclosing financial specifics of the deal, which ...