Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters April 13, 2021 By Noor Zainab Hussain and David French Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment...
Zurich Insurance in Talks to Acquire MetLife Unit for $4 Billion November 22, 2020 By David French Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc.’s U.S. property and casualty (P&C) car and...
Arch Capital Leads Group in $500 Million Bid for Reinsurer Watford: Reuters September 9, 2020 By David French A consortium led by insurer Arch Capital Group Ltd. has made an approximately $500 million offer to acquire reinsurance firm...
Italy’s Generali Eyes Possible Acquisition of U.S. Asset Manager Brightsphere: Sources June 29, 2020 By David French, Pamela Barbaglia and Stephen Jewkes Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people...
Insurance Comparison Site SelectQuote Plans IPO: Reuters February 13, 2020 By David French SelectQuote has hired investment banks for an initial public offering (IPO) that could value the owner of the eponymous insurance...
Cigna Eyes Sale of Group Life, Disability Business to Concentrate on Health: Reuters August 20, 2019 By David French U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at...
Berkshire Hathaway in Talks to Sell Workers’ Compensation Unit Applied Underwriters February 22, 2019 By David French Warren Buffett’s Berkshire Hathaway Inc. is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium...
China Oceanside’s Acquisition of Genworth Again Delayed by U.S. Review November 30, 2017 By David French and Liana B. Baker The closing deadline for China Oceanwide Holdings Group Co.’s proposed purchase of Genworth Financial Inc .has been extended for a...
GOP Tax Plan Jeopardizes Bermuda Reinsurer Loophole November 3, 2017 By Suzanne Barlyn and David French U.S. money managers with reinsurance companies in Bermuda and the Cayman Islands could lose a valuable loophole under Republican proposals...
Stake in Insurance Broker HUB International Could be Sold: Reuters August 17, 2017 By Greg Roumeliotis, John Tilak and David French Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd. in a deal that could...