M&A insurance News

People Moves: Hippo Names McCathron as CEO; M&A Insurance Platform io.insure Adds Staff for U.S.

McCathron Succeeds Founder Wand as CEO Home insurer Hippo reports it has appointed Richard McCathron as chief executive officer. McCathron has served on Hippo’s board of directors and as the company’s president since February 2017. In a related move, Assaf …

Global M&A to Remain Strong in 2022 as Valuations Reach Record Highs: WTW

Global mergers and acquisitions activity attained historic highs in 2021 with 1047 deals valued more than $100 million, a significant increase from the previous year’s 674 deals, according to research completed by Willis Towers Watson. The 2021 total (for deals …

Aon Forms EMEA Advisory Board to Grow M&A Practice

Aon announced the formation of its EMEA M&A and Transaction Solutions Advisory Board to support the growth of its Mergers & Acquisition insurance practice across the United Kingdom and Europe, the Middle East and Africa The broker is also expanding …

Transactional Risk Insurance Hits Record High Despite Pandemic: Marsh

After a dramatic downturn in the second quarter of 2020 due to the coronavirus pandemic, merger and acquisition (M&A) deal volume soared to record highs in the second half of the year. This was mirrored in growth of transactional risk …

UK-Based BMS Group Launches Asia Broking Operations with M&A Insurance Focus

BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of its Asia broking operations, headquartered in Singapore and with proposed operations in Hong Kong, pending regulatory approval. BMS Asia will initially focus on M&A insurance …

Record Return of Merger Activity Leads to Massive Growth in M&A Insurance Market

LONDON – A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials …

Lockton Adds 3 Managing Directors from Aon to Its Transaction Liability Practice

Global insurance broker Lockton reports that three transaction liability advisors from Aon — Joshua Halpern, Gaurav Sud and Eric Ziff — have joined the firm to lead its mergers and acquisition (M&A) consulting offering. The company said these three professionals …

In Anthem-Cigna Failed Merger ‘Soap Opera,’ Judge Hands Damages to Neither

A Delaware judge rebuffed efforts by both Cigna Corp. and Anthem Inc. to collect billions over their failed merger, saying Cigna had breached its obligations but the merger was likely to have been blocked on antitrust grounds anyway. Cigna, which …

Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies

Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters. This follows several years of continuous growth in underwriting transaction risks, Beazley said in a statement. “We have seen …

Global M&A Plunges 28% in Q1 as Coronavirus Hits Economies

Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers. Deal …