M&A
Prediction: China Insurers Could Boost Overseas Investment by $100B in 3 Years
Chinese insurers may boost outbound investment by about $100 billion over the next three years, as they seek to diversify risks through buying more overseas securities, private equity and real ...
Super-Rich Clients Need Single Policy for Multiple, Global Properties: AIG
The super-rich, dubbed "ultra-high-net-worth" by property/casualty insurers, arguably have unique coverage needs. One of the more unusual turns out to be this: multinational coverage to address home ...
Why Allstate Is Buying SquareTrade; CEO Wilson Reveals Deal Benefits
Why pay more than $1 billion for a business with revenues in the hundreds of millions of dollars today? Analysts questioned executives of Allstate yesterday about the $1.4 billion deal announced ...
Allstate Will Pay $1.4B for SquareTrade, a Seller of Mobile Device/Appliance Warranties
The Allstate Corp. agreed to acquire SquareTrade, a consumer electronics and appliance protection plan provider that distributes through many of America's major retailers. Allstate said it will ...
Verisk Acquires UK Geographic Data Group
Verisk Analytics, Inc., a data analytics provider, announced the acquisition of The GeoInformation Group, a participant in the field of geographic data solutions based in Cambridge, United Kingdom. ...
AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group
Hong Kong tycoon Richard Li is poised to buy American International Group Inc.'s Fuji Life Insurance Co. business, a deal that marks his FWD Group's first foray into Japanese insurance. AIG will ...
Argo Group’s Planned Ariel Re Buy Leaves S&P Long-Term Ratings Unchanged
Argo Group's planned $235 million acquisition of Ariel Re is drawing the market equivalent of a shrug from Standard & Poor's. S&P said that its long-term ratings for Argo and its related ...
Argo Group Buying Ariel Re for $235M
Argo Group International Holdings, Ltd., announcing its first major acquisition in eight years, said it will buy Ariel Re for roughly $235 million cash in a deal that could make it a top 10 market at ...