December 18, 2017
U.S.-based global specialty insurer The Navigators Group has agreed to purchase all of the shares of Assurances Continentales – Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM), specialty insurers based in Antwerp, Belgium. ASCO is a specialty …
December 14, 2017
Global Aerospace, the London-based provider of aerospace insurance, announced that Munich Re has agreed to purchase an additional 11 percent of the shares in Global Aerospace Underwriting Managers Ltd., the company that manages the Global Aerospace Pool. Following the acquisition, …
December 12, 2017
Zurich Insurance Group AG’s decision to acquire the life-insurance businesses of Australia & New Zealand Banking Group Ltd. should help Switzerland’s biggest insurer fulfill its ambition to increase its dividend. Already famous as a dividend stock, Zurich signaled last month …
December 11, 2017
Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both parties expect the transaction, which is subject to regulatory approval, …
December 6, 2017
Global claims firm Sedgwick Claims Management Services has agreed to acquire Cunningham Lindsey, another global loss adjusting and claims management firm. No terms were disclosed. CVC Capital Partners, a private investor group, has owned a majority ownership in Cunningham Lindsey …
December 6, 2017
Swiss Re has agreed to purchase 1.1 million life insurance policies from UK insurer Legal & General Group (L&G) for £650 million ($873.6 million). These policies will be managed by ReAssure, Swiss Re’s closed book life consolidator within the Swiss …
December 5, 2017
Hyperion Insurance Group announced that Caisse de dépôt et placement du Québec (CDPQ), the long-term institutional investor and pension fund, will acquire a significant minority stake in the group. Investing more than US$400 million in new growth equity, CDPQ will …
December 5, 2017
Arthur J. Gallagher & Co. announced the acquisition of London-based Gatehouse Consulting Ltd. Terms of the transaction were not disclosed. Gatehouse Consulting is a full-service agency offering strategic communications support to UK multinational companies and multinational companies with a UK …
December 4, 2017
Octo Telematics, the the London-based provider of telematics for the auto insurance industry, announced it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson, which was announced on Oct. 11, 2017. The financial details of …
December 4, 2017
USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA (WFIS), formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and consulting, employee benefits and property/casualty insurance national practices of …