M&A
Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B
Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing.
Akur8 Acquires Arius From Milliman
Akur8, an insurance pricing solution based on machine learning, announced that it has acquired Arius from Milliman Inc.
Arius, an ...
Clyde & Co: First-Half Carrier M&A Activity Falls to 15-Year Low
The first half of 2024 set a 15-year low for first-half insurance carrier mergers and acquisitions, according to Clyde & Co's latest Mid-Year Growth Report. The number of insurance carrier ...
Moody’s Acquires Praedicat
Moody's Corporation announced today that it has acquired insurance analytics provider Praedicat. Moody's said the acquisition adds comprehensive casualty and liability ...
Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion
Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory ...
Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1B
Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a ...
Zurich to Buy AIG’s Travel Insurance Business for $600 Million
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an ...
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 ...