M&A
Swiss Re to Grab Chinese Insurer From RSA For $120M
Swiss Re disclosed it is snatching up a Chinese company from RSA Insurance Group for about $120 million as part of a plan to grow its corporate insurance arm. The Zurich reinsurance giant said its ...
Endurance M&A Bid Pushes On as Aspen Ups the Opposition
The hostile-takeover battle between Bermuda reinsurance rivals Endurance Specialty Holdings Ltd. and Aspen Insurance Holdings Ltd. continued unabated this week with no end in sight. Endurance ...
Carrier M&A Deal Counts Down, But Values Up Midyear: SNL
Merger and acquisition deal counts for the insurance industry jumped 20 percent through midyear, but broker deals drove the increase while carrier deal counts fell, according to a report from SNL ...
Merger Questions and Answers: Ironshore Ends Deal; Tower Deal Survives
Property/casualty insurance industry merger news continued late last week with Ironshore announcing that its deal to acquire an Australia specialist fell apart, while Tower got an assurance that its ...
Aspen Tells Shareholders to Snub Endurance’s New M&A Overtures
Endurance Specialty Holdings Ltd. may want to buy Bermuda reinsurance rival Aspen Insurance Holdings Ltd., but its acquisition target is doing everything it can to resist the hostile bid. In its ...
AmTrust To Grab Florida WC Insurer With Low-Hazard Risks
AmTrust Financial Services Inc. said it will snatch up a a workers compensation insurer affiliated with Blue Cross & Blue Shield of Florida (Florida Blue) in a bid to add more low-hazard risks to ...
Moody’s Affirms Validus Ratings Despite Western World Challenges
On Wednesday, Moody's Investors Service affirmed its ratings for Validus Holdings, Ltd., including the A3 insurance financial strength rating of the principal operating subsidiary Validus ...
Deal Analysis: Why Validus Is Buying Western World
The combination of Validus Holdings and Western World Insurance Group fills in "missing pieces" for both organizations, Validus' chairman said Tuesday, detailing finer points of a $690 million deal ...