M&A
The Hanover CEO Roche: Chaucer Sale Could Help Fuel Investment in Talent, Divisions, Select Acquisitions
The Hanover Insurance Group could use some of the $950 million it will make from selling its Chaucer international specialty business to fuel organic growth, pursue select acquisitions and hire top ...
The Hanover Will Sell Its International Specialty Business to China Re for $950M
The Hanover Insurance Group Inc. has agreed to sell its Chaucer international specialty business to China Re Group for $950 million, representing a big change of course for the Massachusetts-based ...
XL Group Becomes AXA XL With Merger Closing
As of Sept. 12, XL Group will officially become a part of AXA. The Paris-based global insurer disclosed on Sept. 11 that it now has all regulatory approvals required to complete its acquisition of XL ...
Don’t Expect Reinsurance M&A to Let Up: Fitch Ratings
As global reinsurance executives gathered in Monte Carlo for their annual Reinsurance Rendezvous, Fitch Ratings said it expects consolidation of the industry will continue. Fitch's report echoes ...
Alliant Acquires Firm That Advises on Commercial Real Estate Loans
Broker Alliant Insurance Services acquired Harbor Group Consulting, a national firm that handles insurance advisory services for commercial real estate loans. Neither side is disclosing financial ...
French Reinsurer SCOR Turns Back Investor’s $9.6B Takeover Bid, Tickling Shareholders
French reinsurer Scor SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it's still interested in pursuing a deal. Scor shares ...
Munich Re Will Buy an IoT Startup Focused on Business Clients’ Digital Needs
Munich Re said it will acquire relayr, an Internet of Things-focused software company the reinsurer claimed is valued at $300 million. The acquisition is taking place through Munich Re subsidiary ...
Specialist Broker Verlingue Boosts UK Presence With ICB Group Acquisition
Specialist corporate insurance broker Verlingue said it has acquired independent U.K. broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ...