Hiscox Shares Soar Amidst Reported Takeover
Shares in Hiscox surged as much as 14% on Monday following reports that two foreign rivals are considering takeover bids for the Lloyd’s of London insurer.
July 8, 2024
3:56 pm
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Shares in Hiscox surged as much as 14% on Monday following reports that two foreign rivals are considering takeover bids for the Lloyd’s of London insurer.
Utmost Group has announced an agreement to acquire Lombard International Assurance Holdings, subject to regulatory and other approvals.
Charles Taylor, a leading provider of international adjusting services and technology solutions for the global insurance market, has acquired US.-based independent loss adjuster M3 Aviation Services, effective June 27, 2024.
Novidea, the creator of a cloud-based, data-driven enterprise insurance management platform, has announced the strategic acquisition of Docomotion, a leader in automated document generation technology. The acquisition is expected to close within the week.
UK-based life and pensions data management and technology company ITM has been acquired by Lumera, a European insurtech firm specialising in life and pensions solutions.
Zurich Insurance Group (Zurich) has announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, with an additional potential earn-out payment. The move will also boost Zurich’s position as a leading travel insurer in the US and globally
PCF Insurance Services, one of the top twenty US insurance brokers operating across 40 states, has announced the acquisition of four key agencies: Ignitist in Pennsylvania, The Brady Agency in North Carolina, Roseberry Insurance Agency in Mississippi, and The Sinnott Agency in Iowa.
Zurich Insurance has announced the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited (“Kotak General Insurance”), marking a significant milestone as the first foreign insurer to enter India since the foreign direct investment (FDI) rules were amended to allow up to 74% foreign ownership in 2021.
bolttech has announced that Digital Care, a Poland-based device protection and services provider, has been renamed and rebranded as bolttech Poland.
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, announced it has completed the acquisition of Pinpoint Insurance Solutions, an MGA, surplus lines brokerage, and national programme administrator.
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