M&A
Dairy Consolidations Drive Merger in U.S. Midwest Broker Biz
Two traditional U.S. Midwest brokerages serving the dairy market are combining their businesses as the industry consolidates. Chicago-based Rice Dairy LLC and Commodity Risk Management Group of ...
Prudential Will Pay $2.35B for Online Insurance Startup Assurance IQ
U.S. insurer Prudential Financial Inc has agreed to acquire online insurance startup Assurance IQ Inc for $2.35 billion, as it looks to tap into a wider base of consumers who purchase policies ...
Allianz Pays $738M For General Insurance Assets of SulAmerica in Brazil
Allianz SE agreed to pay 667 million euros ($738 million) for the general-insurance assets of SulAmerica, a deal that will make the German firm Brazil's second-largest provider of motor insurance. ...
HSBC May Bid for Aviva’s Asian Assets
HSBC Holdings Plc, the bank that shook up its senior leadership this month, is considering a bid for Asian operations being sold by Aviva Plc as it seeks ways to diversify its business in the region, ...
Hamilton Completes Acquisition of Liberty Mutual’s Pembroke Managing Agency, Ironshore Europe DAC
Hamilton Insurance Group said it has completed its acquisition of Liberty Mutual's Pembroke Managing Agency at Lloyd's and its Ironshore Europe DAC business. The acquisition, first announced in ...
M&A Drives Still-Growing Demand for Transitional Risk Insurance: Marsh
Use of transactional risk insurance significantly increased in 2018. Policy limits in excess of $1 billion are now available for single transactions as private equity firms and strategic investors ...
After $17B in Acquisitions, Tokio Marine Promises More to Come
Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan's largest ...
As Disappointed Shareholders Take Aim at IPOs, D&O Insurance Market Tightens
Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. ...