2020 M&A News

UK Insurer Aviva Sells Stake in Italian Life Unit for $475 Million

Aviva Plc is selling its stake in its Italian life insurance joint venture for about 400 million euros ($475 million) as Chief Executive Officer Amanda Blanc continues her revamp of the firm. The insurer will sell its 80% holding in …

Howden Buys Cyber and Tech Specialist Broker Safeonline

Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder. The acquisition underlines the importance Howden places on this fast-growing product line and gives it an …

New Insurance Group Inigo Raises $800M of Capital; Founded by Former Hiscox Execs

Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a consortium of global investors, comprising (among others) funds controlled by Caisse de dépôt et placement du Québec (CDPQ), Enstar, J.C. …

Zurich Insurance in Talks to Acquire MetLife Unit for $4 Billion

Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc.’s U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people familiar with the matter. Zurich Insurance issued a statement …

Hudson to Acquire Pennsylvania’s Allegheny Group and Its Surety Operations

Specialty insurer Hudson Insurance Group has agreed to acquire the Allegheny Group Inc. (AGI) and its subsidiaries from its private shareholders. Hudson, by acquiring Pennsylvania-based AGI, will own Allegheny Surety Co., a Pennsylvania insurance company, and Allegheny Surety Agency, the …

Bindley Capital, ForeSight Medical Ex-CEO Acquire Workers’ Comp Dental Provider

Bindley Capital Partners and Brian Bell, the founder and former chief executive officer of ForeSight Medical, have acquired a specialty dental firm serving workers’ compensation patients. Based in Tampa, DentalWorks USA manages the care of dental and complex maxillofacial injuries …

Enstar to Sell Starstone’s Lloyd’s Managing Agency to New Re/Insurance Venture Inigo

Enstar Group Ltd. and Stone Point Capital LLC announced they have signed definitive agreements to sell StarStone Underwriting Ltd. (SUL), the Lloyd’s managing agency, together with the right to operate Lloyd’s Syndicate 1301, to Inigo Ltd., a new specialty re/insurance …

UK Insurer RSA Accepts $9.6 Billion Cash Takeover Offer

Canada’s Intact Financial and Denmark’s Tryg on Wednesday said they had reached an agreement to buy British insurance group RSA for 7.2 billion pounds ($9.6 billion) in cash in one of Europe’s biggest financial takeovers this year. Insurers have become …

Zywave Snatches Up Advisen in Move to Accelerate Global Growth

Insurance technology company Zywave snatched up Advisen, a global insurance data provider, in a deal expected to fuel more rapid international growth. The acquisition includes Web Connectivity Ltd. (WCL), a UK-Based Advisen subsidiary whose technology supports the electronic placement of …

World Insurance Associates Acquires Virginia’s Danaher-Skewes & Associates

World Insurance Associates LLC (WIA) acquired Danaher-Skewes & Associates Inc. of Manassas, Va., on November 1, 2020. Terms of the transaction were not disclosed. Established in 1963, Danaher-Skewes is an independent insurance agency, serving residents and businesses in Alexandria, Va., …