Acquisitions
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Singlife and Aviva complete Singapore’s Largest Insurance Deal at S$3.2bn
The consortium led by Singapore Life (Singlife), an insurer offering mobile savings and protection solutions, has announced it has completed the transaction to combine Singlife with Aviva.
AXA Sells Persian Gulf Business for $269 Million to Kuwaiti-Based Group
AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the coronavirus pandemic.
Intact Wraps up $3.2 Billion Capital Raise Ahead of RSA Acquisition
Canadian property and casualty insurer Intact has taken a step closer to securing its joint-acquisition of RSA with the successful completion of a previously-announced $3.2 billion capital raise
Zurich Nears $4 Billion Deal for MetLife Unit
According to Reuters, Zurich is in advanced talks to acquire MetLife’s car and home insurance unit for close to $4 billion
Zywave Acquires Advisen
The acquisition, which follows the September announcement of Zywave’s own acquisition by Clearlake Capital, includes Advisen’s data, media and Web Connectivity Ltd. businesses
Insurity Expands into Personal Lines with Acquisition of CodeObjects
CodeObjects’ enterprise-grade personal lines solution complements Insurity’s well-established commercial lines solutions, positioning the vendor better-serve a growing client base.
WTW Bolsters Climate Change Expertise with Acclimatise Acquisition
Re/insurance broker Willis Towers Watson has announced the acquisition of Acclimatise, a climate change adaptation advisory and analytics services provider.
Cinven, GIC Agree to Buy Willis Towers’s Insurance Broker Miller
Cinven has agreed to buy Miller, the specialist insurance broker owned by Willis Towers Watson Plc, in its first deal from a new fund dedicated to financial services investments.
InsurTech CoverHound Acquired by Broker Brown & Brown
Another InsurTech has been acquired. This time, insurance broker Brown & Brown, Inc. bought CoverHound, a digital property/casualty insurance marketplace, and CyberPolicy, CoverHound’s small business subsidiary.
Coverys European Holdings Subsidiary Acquires Lloyd’s Italian Coverholder Gava
AEC Wholesale Group, a subsidiary of Coverys European Holdings (CEH), announced the acquisition of Gava S.R.L, a Lloyd’s coverholder based in Brindisi, Italy. AEC Group
Pioneer Underwriting Holdings Agrees Deal for its Acquisition
Pioneer Underwriting Holdings Ltd (PUHL) has today revealed that it has signed terms for a deal which will see it and its subsidiaries (Pioneer) acquired
Howden to Acquire Majority Stake in Mexican Broker ADRISA
International insurance broker Howden is set to acquire a majority stake in ADRISA, a Mexico-based retail insurance broker. The deal will see the two companies
AXA Wraps up €1bn Sale of Central European Businesses
Insurance and investment giant AXA has completed the sale of its life & savings, property & casualty and pension businesses in Poland, Czech Republic and
Zurich LiveWell to Acquire Digital Health and Wellbeing Service Providers
Zurich Insurance Group has agreed to acquire Australia-based HealthLogix and South Africa-based HealthInsite, to further expand its Zurich LiveWell health and wellbeing business. The companies,
Aegon Sells Stonebridge for £60 Million
Aegon, a provider of life insurance, pensions and asset management, has announced the sale of Stonebridge, a UK-based provider of accident insurance products, for £60
Bold Penguin Acquires RiskGenius in Commercial Insurance Technology Deal
Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help grow their reach more than
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