M&A
Allianz CEO Has $3.2B to Use for M&A. Will He?
Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a ...
Markel to Grab SureTech Financial Corp. for $250M
Markel Corp. will snatch up SureTec Financial Corp. for $250 million, in an acquisition deal designed to give it a leg up in the surety business. The purchase agreement is inclusive of a three-year ...
Validus to Pay $127.5M for Archer Daniels Midland’s Crop Risk Biz
Validus Holdings Ltd. will buy up Archer Daniels Midland Company's Crop Risk Services business for $127.5 million in cash. Plans call for using cash on hand to fund the deal. Validus said it expects ...
JLT Group Acquires Majority Stake in U.S.-Based Construction Risk Partners
Jardine Lloyd Thompson Group plc said it has acquired a majority stake in Construction Risk Partners LLC, a U.S.-based construction risk and surety specialty insurance broker. Financial terms were ...
QBE Denies Allianz Submitted Informal Bid to Buy It
Germany's Allianz has made an informal takeover approach to QBE Insurance, Australia's biggest insurer, but has not named a price, sources told Reuters on Monday. Shares in QBE closed flat after ...
Ontario Pension Fund Commits $1B to Watsa’s Allied World Purchase
Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa's Fairfax Financial Holdings Ltd. of insurer Allied World Assurance Co. ...
Valen Analytics Sold to Much-Larger Insurity for Undisclosed Price
Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial ...
Italian Bank Intesa Reportedly Mulling Generali Acquisition
Italian banking and insurance group Intesa Sanpaolo is considering a bid for the country's biggest insurer, Assicurazioni Generali, sources said on Tuesday, in what would be among the industry's ...