mergers and acquisitions News
Many Pressures Will Spur More Insurance M&A Deals in 2017: Conning
Insurance industry M&A activity should swell through the rest of 2017 in all areas, with multiple factors driving the trend Conning said in a new report. "The property/casualty sector should ...
Aon Buys Online Talent Assessment Company
Aon plc announced it has acquired Hamburg, Germany-based "cut-e", a specialist in online talent assessments. Financial terms of the transaction were not disclosed. Michael Burke, CEO Talent, Rewards ...
Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become ‘Premier’ Specialty P/C Insurer
Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a "premier" specialty property/casualty insurance company, both domestically and abroad, now that Liberty ...
OneBeacon to be Acquired by Canada’s Intact Financial for $1.7B
Canada's largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will ...
Liberty Mutual Reorganizes Global Specialty Business After Closing $3B Ironshore Purchase
Liberty Mutual Insurance has closed its $3 billion acquisition of specialty lines insurer Ironshore Inc. from China's Fosun International, and will make some organizational changes to accommodate its ...
The Hartford CEO Swift Open to Larger Acquisitions That ‘Accelerate’ Existing Growth Plans
The Hartford Chairman and CEO Christopher Swift said he remains interested in potential acquisitions – even large ones – less than a year after completing a noteworthy M&A deal in mid-2016. ...
Clunky M&A Deals Are Spurring Uptick in Insurance Claims: AIG Study
Faulty mergers and acquisitions have spurred an uptick in insurance claims as dealmakers overstated profits or breached accounting rules, insurer American International Group Inc. said in a study of ...
AmWINS Will Buy Partners Specialty Group, Adding to Already Giant Broker Operation
Specialty insurance brokerages AmWINS Group Inc. and Partners Specialty Group LLC have agreed to merge, creating a combined firm that will place a whopping $14 billion in annual premiums. Neither ...