M&A
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November 24, 2022
Ardonagh Group to acquire Australian insurance distribution business Envest
The Ardonagh Group is to acquire Envest, an Australian insurance investment and distribution business headquartered in Brisbane, Queensland. Under the…
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November 18, 2022
Chubb gets approval for majority share ownership of China’s Huatai Insurance Group
Chubb is to increase its ownership in China’s Huatai Insurance Group from 47.3% to 83.2%, after it received regulatory approval…
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November 18, 2022
Beazley’s successful capital raise bad news for buyers
There was bad news for corporate risk and insurance managers as analysts at investment bank Jefferies said the £350m capital…
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November 11, 2022
N2G revisited: Two years on and Generali joint venture is growing in strength
Q: What was the rationale for the formation of N2G, from Generali’s perspective? Filippo Cinelli (FC): The US market represents…
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November 10, 2022
No post-Covid surge of M&A claims but third-party notifications up, says Liberty GTS
An expected post-Covid M&A insurance claims surge did not materialise, according to the annual analysis of its M&A claims by…
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November 3, 2022
Gallagher expands in Ireland with Doyle Mahon acquisition
A J Gallagher has bought Irish broker Doyle Mahon Insurances as it extends its presence in Ireland. Doyle Mahon is…
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November 3, 2022
PIB buys Dutch broker Risqwise as it targets European expansion
Specialty broker PIB Group is expanding in the Netherlands through the acquisition of Dutch firm Risqwise for an undisclosed fee.…
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November 2, 2022
Lloyd’s broker Servca acquires medical insurance specialist Medicas
Lloyd’s retail broker Servca has acquired Medicas, an independent insurance specialist, offering a range of medical indemnity, medical malpractice and…
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October 28, 2022
WTW seeking acquisitions as valuations fall
Nearly a year after WTW completed the sale of its reinsurance business for an initial payment of $3.25bn, the broker…
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October 27, 2022
Aegon sells Dutch operations to ASR in €4.9bn cash-and-shares deal
Aegon has agreed to sell its Dutch insurance and banking operations to ASR for €2.5bn in cash and a 29.99%…
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October 25, 2022
Lloyd’s approves 16% stamp increase for Antares Syndicate 1274 in 2023
Antares Syndicate 1274’s 2023 business plan has received formal approval from the Lloyd’s Capital and Planning Group. Its syndicate business…
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October 21, 2022
Berkshire Hathaway completes $11.6bn deal to acquire Alleghany
Berkshire Hathaway has completed its acquisition of Alleghany Corp for $11.6bn. First announced in March, Alleghany becomes a wholly-owned subsidiary…
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October 21, 2022
Marsh McLennan reports revenue growth, sees rate hikes ahead
Reinsurance and primary commercial property insurance buyers will likely see significant rate hikes at upcoming renewals, executives at Marsh &…
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October 20, 2022
Compre buys Covéa’s Irish medmal unit
Bermuda-headquartered legacy group Compre has agreed to buy the Irish subsidiary of Covéa, Medical Insurance Company DAC (MIC). The subsidiary…
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October 18, 2022
AXA offers €310m for GACM’s Spanish subsidiary
AXA has said it will strengthen its leading position in the Spanish property and casualty market with the proposed acquisition…
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October 13, 2022
CBI capacity wanes as supply chain losses mount
Greater transparency and resilience are needed to counter dwindling capacity for supply chain insurance as the market responds to rising…
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October 12, 2022
Allianz X buys insurtech claims management firm Innovation Group
Allianz’s digital investment platform Allianz X has bought insurance claims and technology solutions firm Innovation Group. The UK-based insurtech will…
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October 11, 2022
Macro risks dominate agenda as Europe’s risk managers gather in Copenhagen
It will come as no surprise to Europe’s risk and insurance management community as they gather for the Ferma Forum…
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October 10, 2022
Political violence and terrorism market hardens as risk deteriorates
Rates are going up for political violence and terrorism cover, and more restrictions are being imposed as the geopolitical landscape…
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October 6, 2022
Ardonagh accelerates European growth plan
Fast-growing UK-based broking firm Ardonagh has announced the acquisition of Lloyd’s broker Oxford Insurance Group only days after it completed…