insurance mergers and acquisitions News

Florida-Based Prepared Holdings to be Acquired by Meridian

Prepared Holdings, LLC, the holding company for Prepared Insurance Co., has entered into a definitive merger agreement with Meridian Insurance Holdings, Inc., a private investment group, under which Prepared will be acquired by Meridian. It is anticipated that Meridian will …

Insurance Underwriter, Broker Merger Activity Up 20%: SNL

Year-to-date through June 20, the insurance mergers and acquisitions (M&A) market witnessed 160 deal announcements, compared to 134 deals over the same period of 2013 — an increase of roughly 20 percent, according to SNL Financial. SNL said 34 insurance …

Insurance Executives See Jump in Acquisitions Ahead

After a slowdown following the 2008 financial crisis, the volume of insurance mergers and acquisitions should increase over the next one to three years, according to North American insurance executives. A sizable 86 percent of those executives participating in a …

Agency M&A in 2013 Reverted to Norm After Busy 2012: OPTIS Partners

Mergers and acquisitions of insurance agencies fell in 2013, with 248 reported transactions in the United States and Canada, according to a new semi-annual survey by OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry. …

Liberty Mutual Entering Malaysia with $113 Million Acquisition

Liberty Mutual Insurance Group in Boston announced the company’s entry into Malaysia’s $4.6 billion non-life insurance market with its planned acquisition of a 68.9 percent stake in Uni.Asia General Insurance Berhad for approximately $113 million. The transaction is subject to …

CNA Selling Continental Life, Group Business to Wilton Re

CNA Financial Corp. said it is selling its life and group insurance business, Continental Assurance Co., to a subsidiary of Wilton Re Holdings Ltd. CNA said it expected net proceeds of about $615 million from the sale and a portion …

KKR to Buy Majority Stake in Claims Firm Sedgwick for $2.4 Billion

Sedgwick Claims Management Services Inc. said KKR & Co. LLP and company management would buy the provider of claims services for $2.4 billion, the latest in a wave of private-equity activity in the growing industry. A rising number of claims …

Insurance M&A Trends That May Lead to ‘Perfect Storm’ in 2014

Encouraged by a vigorous period of insurance M&A activity in the second half of 2012, many in the industry had high expectations of robustness in 2013. It’s clear now that 2013 M&A activity did not reach the levels of 2012 …

ProAssurance to Acquire Workers’ Comp Insurer Eastern Holdings

Medical professional liability insurer ProAssurance Corp. said it is acquiring monoline workers’ compensation insurer Eastern Insurance Holdings Inc. in an all-cash transaction that values Eastern at $24.50 per share. Eastern will become a wholly-owned subsidiary of ProAssurance. The transaction, with …

Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow

The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to quickly build up economies of scale for its …