Business Moves & Mergers News

AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources

AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter. The French insurer is working with an adviser on the potential sale, the people …

Roper Technologies in Talks to Buy Vertafore for $5.5 Billion, Reuters Reports

Roper Technologies Inc. is in talks to acquire Vertafore for close to $5.5 billion, Reuters reported, citing people familiar with the matter who weren’t identified. The acquisition would be the biggest ever for the Sarasota, Florida-based maker of industrial equipment, …

CoreLogic Calls Special Meeting on Takeover Bidders’ Candidates for Board

The board of directors of data and analytics firm CoreLogic (NYSE: CLGX) has called a special meeting of shareholders for November 17, 2020 to consider the replacement of up to nine directors with nominees chosen by the two firms looking …

Randall & Quilter Investment Holdings Acquires NationsBuilders Insurance Company

Following a previous announcement on June 5, 2020, Randall & Quilter Investment Holdings Ltd.’s (R&Q) wholly owned Vermont subsidiary, ICDC Ltd, has completed the acquisition of NationsBuilders Insurance Company (NBIC), a Washington D.C.-domiciled captive from NationsBuiders Insurance Services. This marks …

Third Point Re and Sirius Group Agree to Merger in Deal Worth $788M

Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, announced they have entered into a definitive agreement for Third Point Re and Sirius Group to combine in a cash and stock transaction worth $788 million. …

World Insurance Associates Acquires Novak Agency Insurors of Florida

World Insurance Associates LLC (WIA) acquired Novak Agency Insurors of Largo, Fla., on June 1, 2020. Terms of the transaction were not disclosed. Novak Agency Insurors will be managed out of WIA’s Saint Petersburg office by Gregory D. Leifer, principal …

World Insurance Associates Acquires New Jersey’s JF Murray Co.

World Insurance Associates LLC (WIA) has acquired JF Murray Co. Inc. of Point Pleasant, N.J., on July 1, 2020. Terms of the transaction were not disclosed. JF Murray Co. provides clients with complete insurance solutions for their personal and business …

Legacy Specialist DARAG Buys Luxembourg Auto and Travel Insurer, Arisa Assurances

DARAG Group Ltd., the Malta-based legacy acquirer, announced the acquisition of Arisa Assurances SA, an automobile and travel insurance company based in Luxembourg. The transaction will be conducted through DARAG’s German risk carrier, DARAG Deutsche Versicherungs-und R├╝ckversicherungs-AG, and is subject …

Gallagher Buys Canada Retail Broker Insight Insurance

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Edmonton, Alberta-based Insight Insurance & Risk Management Ltd. Terms of the transaction were not disclosed. Founded in 2013, Insight is a retail insurance broker serving clients …

Rideshare Insurer Buckle Raises $31 Million to Fuel Nationwide Expansion

Buckle, a digital seller of rideshare insurance, disclosed it has raised $31 million in new venture financing and will use the money to expand operations nationally. HSCM Bermuda and Eos Venture Partners co-led the Series A round, which is also …