M&A
After 60 Years Going Solo, Triple-I Will Affiliate With The Institutes
The Insurance Information Institute plans to affiliate with The Institutes after 60 years as an independent organization. I.I.I.'s board of directors approved the plan earlier in June and The ...
A UK Insurance Broker Secures $2 Billion Loan for Acquisitions
UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender. The group is refinancing ...
Buckle Expands Commercial Auto Cover With Purchase of Atlas Subsidiary
Buckle, an InsurTech startup focused on rideshare insurance, has acquired a subsidiary of Atlas Financial Holdings for an undisclosed price. The move allows Buckle to expand its commercial auto ...
Willis Towers Watson Slapped With Shareholder Suits Over Its Planned Sale to Aon
There have been at least three shareholder lawsuits filed over the mega-deal that would have insurance broker Aon acquire rival Willis Towers Watson. The suits allege that Willis and its directors ...
Hippo Continues Expansion With Plans to Acquire Spinnaker Insurance
The InsurTech Hippo plans to snatch up Spinnaker Insurance Company following a multi-year partnership. The deal is designed to help Hippo – a managing general agent focused on home insurance - ...
Allianz and Generali Plan to Sell Life Insurance Assets: Sources
Two of Europe's largest insurers are gearing up to sell billions of euros in life assets—a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to ...
Altamont Capital’s Plan to Acquire Topa Insurance Has Been Suspended
The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa ...
Multiple InsurTech Consolidation Pressures Are Underway: Brewer Lane’s Notaras
Before the coronavirus pandemic, observers were expecting InsurTech startups to begin a consolidation process as they matured and looked at long-term viability. In the COVID-19 era, mergers and ...