M&A
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June 27, 2022
A J Gallagher buys Ireland retail broker
Arthur J Gallagher has acquired Irish firm INNOVU for an undisclosed fee. As first reported in our sister publication Business…
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June 24, 2022
Insurance M&A down in H1
Insurance sector deal activity slowed by almost a third in the first part of 2022 but is expected to rise…
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June 20, 2022
Tokio Marine Kiln selling US construction division
Tokio Marine Kiln is selling Tokio Marine Highland’s US construction division to Intact Insurance. As first reported in our sister…
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June 16, 2022
UK market hardening losing steam amid signs of plateau
Brokers, risk managers and insurers agree that the UK commercial market is looking better for buyers, with signs of softening…
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June 13, 2022
Alleghany Corporation stockholders approve sale to Berkshire Hathaway
Berkshire Hathaway’s acquisition of Alleghany Corporation for $848.02 per share of common stock in cash has been approved by Alleghany’s…
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June 7, 2022
Spots of softening in UK market set to tilt further in buyers’ favour, says Marsh
The UK commercial insurance market is getting easier for buyers with some price reductions now available and insurers struggling to…
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June 6, 2022
Allianz takes $400m hit from sale of Russian insurance business
German insurer Allianz is selling a majority stake in its Russian operations to Interholding, which owns Russian P&C insurer Zetta…
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May 31, 2022
Specialty lines rates to accelerate as reinsurers come unstuck from ‘bundled’ offers: Berenberg
Specialty insurance buyers are set to face accelerated rate rises in the second half of this year and January 2023…
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May 30, 2022
P&I members approve merger of North and Standard Club
Members of protection and indemnity clubs North P&I and Standard Club have given the green light to merge the two…
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May 25, 2022
HDI in Brazilian acquisition from Sompo
HDI International has acquired the retail business of Sompo Seguros in Brazil for about BRL1,050m, subject to certain closing account…
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May 24, 2022
Results show mixed fortunes for Scandinavian P&I mutuals Gard and Skuld
Norwegian club Skuld has reported a $15m loss for 2021/2022. The P&I marine insurer had recorded a $25m profit the…
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May 20, 2022
Convex sees premiums almost double but CR hits 118%
Bermudan insurer Convex, launched by Stephen Catlin in 2019, saw its gross written premiums (GWP) almost double last year to…
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May 10, 2022
Carlyle to buy NSM MGA from White Mountains for $1.78bn
Bermuda-based White Mountains Insurance has signed a definitive agreement to sell its fast-growing MGA platform and brokerage NSM Insurance to…
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May 10, 2022
US D&O most profitable since 2014 but Covid claims may lag: AM Best
Last year was the best for US D&O insurers’ premium, volume and profitability since 2014, with their push for moderate…
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May 9, 2022
Risk managers set to enjoy lower costs as Pool Re cuts terrorism rates from October
UK terrorism backstop Pool Re has agreed new reductions of up to more than 30% in reinsurance prices that should…
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May 9, 2022
AUB buying Tysers for £550m
Australia-headquartered AUB Group is buying London broker Tysers for £550m (A$880m). The deal will see Australian broker PSC buy half…
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May 6, 2022
Aegon concludes sale of Turkish business
Dutch insurer Aegon has continued the divestment of its European subsidiaries with the completion of the sale of its Turkish…
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May 4, 2022
Sanlam and Allianz team up to form pan-African insurance powerhouse
Sanlam, the largest non-banking financial services company in Africa, and German insurance giant Allianz have agreed to combine their current…
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May 4, 2022
AIG’s general insurance arm sees profits jump 43% on back of much-improved underwriting figures
AIG’s general insurance business saw adjusted pre-tax income (APTI) jump 43% in the first quarter to $1.21bn, as underwriting income…
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May 4, 2022
Broker ‘cautiously optimistic’ about US management liability market
Management and professional liability policyholders in the US should be “cautiously optimistic” about their prospects this year as the market…