M&A
China Tech Outfit Discloses Intent to Buy Unnamed Reinsurance Group
A Chinese high-tech operation said it plans to snatch up a group of reinsurance companies in a diversification move. China Goldjoy Group Ltd., formerly known as World Wide Touch Technology Holdings ...
Asia Investment Grabs Big Chunk of Global P/C M&A Pie: Conning
Insurance industry M&A truly went global in 2015, and a noteworthy chunk of the attention came from China and Japan. Conning summarizes the scope of this in a new report, and the author said he ...
Ironshore International Acquires Savannah Insurance Agency
Ironshore International has acquired Savannah Insurance Agency of Sydney, Australia, effective immediately. Savannah Insurance Agency's team of underwriters will join Ironshore Australia's offices, ...
PartnerRe Adds ‘CEO’ to Company President’s Title
PartnerRe, now owned by Italian investment firm EXOR after a $6.9 billion acquisition, has added "CEO" to company president Emmanuel Clarke's title. The Bermuda-based reinsurer said that Clarke will ...
Ironshore’s New China-Based Parent Fosun May Put It Through an IPO
Ironshore Inc. disclosed that China-based parent Fosun International Ltd. – which completed its acquisition just four months ago – is mulling an initial public offering for the Bermuda-based ...
PartnerRe’s $6.9B Sale to EXOR Closes; Fitch Responds with Ratings Downgrade
PartnerRe's new owner EXOR has closed its $6.9 billion acquisition of the Bermuda-based reinsurer, and Fitch Ratings quickly responded with a ratings downgrade that reflects some pessimism over the ...
Ping An More Cautious than Anbang, CFO Says
Ping An Insurance (Group) Co. Chief Financial Officer Jason Yao said that China's second-biggest insurer has a "very different" investment strategy from smaller rival Anbang Insurance Group Co., ...
The Hartford Acquiring E&S Player Maxum Specialty
The Hartford has entered into a definitive agreement to buy Northern Homelands Company, the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in ...