M&A
Fitch Puts Watch on Brit plc
Fitch Ratings has placed some of Brit plc's ratings on Rating Watch Negative following an announcement that Fairfax Financial Holdings intends to acquire Brit for roughly $1.9 billion. The ratings ...
QBE Selling Australian Agency Businesses to Steadfast
QBE announced on Monday that it has agreed to sell its Australian and New Zealand agency businesses to Steadfast Group Limited for A$290 million (roughly $225 million). The businesses include CHU ...
$5B is Magic Number for M&A Deals: Catlin CEO
Stephen Catlin, who is selling his Lloyd's of London insurer to XL Group Plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace. "Anyone who has got a market value of ...
Bermuda Reinsurers AXIS Capital and PartnerRe Will Merge in Massive Deal
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. ...
Deal Backstory: XL, Catlin Get in Front of M&A Trend Creating $10B Specialty, Re Leader
If you believe consolidation is happening, why wouldn't you want to get out in front and choose your own partner? That's the simple way that Stephen Catlin, founder and CEO of Catlin Group Limited, ...
Marsh Acquires Belgian Trade Credit Insurer
Insurance broker Marsh announced Wednesday that it has acquired Trade Insure NV, a leading distributor of credit insurance policies in Belgium. Terms of the transaction were not disclosed. Founded in ...
Fairfax to Acquire QBE’s Czech, Hungarian and Slovakian Operations
Fairfax Financial Holdings Ltd. has entered into an agreement to purchase QBE Insurance (Europe) Ltd.'s insurance operations in the Czech Republic, Hungary and Slovakia. Terms of the transaction were ...
UPC Insurance to Acquire Family Security Holdings
United Insurance Holdings Corp. (UPC Insurance) said it plans to acquire Family Security Holdings LLC for $9 million. The transaction is expected to close by Jan. 31, 2015. FSH is an insurance ...