M&A
R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed
R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda — after it had exhausted strategic alternatives for a financial rescue. At the same time, R&Q ...
RiverStone Acquires Electric Insurance; Plymouth Rock Gets Renewal Rights
RiverStone International reports it has closed on its acquisition of Electric Insurance Co. and its two subsidiaries, Elm Insurance Co. and Electric Insurance Agency. Electric Insurance is a Beverly, ...
Study Finds Just 52% of Last Decade’s Largest Carrier M&As Created Long-Term Value
The larger the merger and acquisition deal is, the less likely it will create long-term value, a new study has revealed. A first-of-its-kind study by ACORD, the standards-setting body for the global ...
Insurers Norfolk & Dedham, Union Mutual to Affiliate
Massachusetts-based Norfolk & Dedham (N&D) and Union Mutual in Vermont, property/casualty insurers with a combined 350 years in the business in the Northeast, announced they intend to ...
Tokio Marine Has $10 Billion for Potential Acquisitions: Executive
Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese ...
After Slow 2023, M&A Activity Expected to Ramp Up This Year
More acquisition opportunities and continued competition across the market is expected in 2024, according to a new report, the "2024 Insurance M&A Outlook," by Deloitte. Property/casualty mergers ...
Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’
The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346 in 2023, down from 449 in the previous year, according to a new report from Clyde & Co. But the ...
Aon-NFP Deal Clears Antitrust Hurdle
Aon's proposed $13.4 billion acquisition of NFP passed a regulatory waiting period Feb. 21, the companies said. While the acquisition is still subject to other regulatory and closing conditions, it ...
Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says
A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren't the exact words ...