mergers and acquisitions News
Guidewire Closes $160M Deal for Tech Company ISCS, Launches Cloud-Focused Product
P/C software company Guidewire said it has completed its $160 million acquisition of cloud computing tech outfit ISCS, about two months after the deal between the California companies was first ...
Prem Watsa’s Fairfax to Pay $144M for New Zealand Insurer
Fairfax Financial Holdings Lt. will pay $144 million for New Zealand Insurer Tower Ltd. giving it an instant, significant presence in a growing, emerging market. Tower's board of directors has ...
Argo Group Completes $235M Ariel Re Acquisition
Argo Group's $235 million acquisition of Ariel Re is now complete, and the acquired company's former CEO has a job with the combined company. Ryan Mather, Ariel Re's former chief executive officer, ...
Allianz CEO Has $3.2B to Use for M&A. Will He?
Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a ...
Markel to Grab SureTech Financial Corp. for $250M
Markel Corp. will snatch up SureTec Financial Corp. for $250 million, in an acquisition deal designed to give it a leg up in the surety business. The purchase agreement is inclusive of a three-year ...
QBE Denies Allianz Submitted Informal Bid to Buy It
Germany's Allianz has made an informal takeover approach to QBE Insurance, Australia's biggest insurer, but has not named a price, sources told Reuters on Monday. Shares in QBE closed flat after ...
Valen Analytics Sold to Much-Larger Insurity for Undisclosed Price
Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial ...
Italian Bank Intesa Reportedly Mulling Generali Acquisition
Italian banking and insurance group Intesa Sanpaolo is considering a bid for the country's biggest insurer, Assicurazioni Generali, sources said on Tuesday, in what would be among the industry's ...