Mergers and Acquisitions (M&A) News

AIG Study Shows How, Why M&A Insurance Claims Frequency Is Rising

The frequency of insurance claims surrounding mergers and acquisitions (M&As) is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American International Group, Inc. study. AIG’s …

INSURICA, DFB Insurance Group Forge Partnership

Oklahoma City-based INSURICA and Amarillo, Texas-based DFB Insurance Group have combined to form INSURICA DFB Insurance Services LLC. The new entity will be jointly owned by INSURICA and DFB. The transaction, effective Jan. 1, 2017, will grow INSURICA’s revenues to …

Ironshore Int’l Offers Documents, Services in Mandarin for M&A Unit

Ironshore International said it is now offering insurance documents and services in Mandarin for its Mergers & Acquisitions unit, a move that will help it better market to Chinese companies. The service involves a package of Mandarin-language marketing materials and …

Persistent Soft Market Begins to Hit Reinsurer Stock Prices: A.M. Best

While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line growth, according to a …

USI Insurance Services Acquires Florida-Based Best Insurance

USI Insurance Services has acquired Best Insurance, located in Tamarac, Fla. Best Insurance offers a range of personal insurance products, including homeowners, automobile, motorcycle, boat and watercraft, to customers in Florida, Georgia, North Carolina and South Carolina. Terms of the …

Aspen MGA to Acquire Midlands Management’s Texas Personal Auto Book

Aspen Managing General Agency (MGA) and Midlands Management of Texas announced that Aspen MGA has acquired the renewal rights of the Texas personal auto business currently managed by Midlands Management. Richard Bird, chief operating officer of Midlands Management, commented saying …

Reinsurance Broker TigerRisk Hires Ex-AIG, Hanover Exec. Bensinger as Adviser

TigerRisk Partners has hired insurance-industry veteran Steven Bensinger, who oversaw American International Group Inc.’s finances during the early part of the global credit crisis, to advise clients. Bensinger, joining as a wave of consolidation reshapes insurers, will provide advice to …

Willis Re Report: Capital Growth Eases as M&A, Capital Mgmt. Accelerate

In its most recent Reinsurance Market Report Willis Re, the reinsurance division of Willis Group Holdings plc, notes: “Faced with significant over-capacity and widespread pricing pressure, the growth in global capital dedicated to reinsurance has stabilized during the first half …

UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study

Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55 billion [$7.09 billion] …

Xuber Reinsurance Survey Focuses on Regulation and M&A

Many in the reinsurance industry feel the business is becoming over-regulated and London is getting expensive as the center of the industry Xuber, Xchanging’s insurance software business, recently released its second wave of results from its global reinsurance survey on …