All M&A articles
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NewsKKR acquires majority stake in CVC’s French broker April
Private equity giant KKR has acquired a majority stake in French insurance broker April Group from CVC Capital Partners.
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Gallagher bolsters southwest region with Bulen acquisition
Arthur J Gallagher has acquired Bulen & Associates Insurance Services, a southern California-based P&C insurance agency.
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GRP continues expansion with Flint Insurance acquisition
Global Risk Partners (GRP) has continued its run of M&A following completion of its takeover by Brown & Brown with the acquisition of commercial insurance broker CC Flint and Company Ltd (Flint Insurance) for an undisclosed amount.
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Tokio Marine lifts stake in Indonesian JV to 80%
Tokio Marine Holdings has acquired a further 20 percent stake in PT Asuransi Tokio Marine Indonesia (TMI), increasing its shareholding to 80 percent.
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Generali offloads UAE life book in P&C push
Generali has sold off its United Arab Emirates (UAE) life insurance portfolio to Dubai-based insurance provider Sukoon, completing the sale first agreed in February this year.
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Helvetia commits to non-life P&C with Sa Nostra Vida sale
Helvetia Group has completed the sale of its stake in Spanish life insurer Sa Nostra Vida to Caixabank for €262mn, in a move the Swiss insurer said would strengthen its non-life P&C business.
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Marsh builds in Morocco with majority stake in Beassur Marsh
Marsh is set to acquire a majority share in Casablanca-based Beassur Marsh, with the new combined business to operate as Marsh Morocco.
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Liberty Mutual exploring $1bn sale of European operations: reports
Liberty Mutual is reportedly mulling a sale of its operations in Spain, Portugal and Ireland.
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PIB snaps up Jigsaw Group in £24mn deal
Private equity-backed broker consolidator PIB Group has continued its recent run of M&A with an agreement to buy The Jigsaw Group, in a deal valuing the company at up to £24.1mn ($28.6mn).
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Ardonagh inks A$482mn deal for Australian broker Envest
The Ardonagh Group has agreed a deal to acquire Brisbane-headquartered Envest for a consideration of A$482mn ($321mn), with the transaction set to be funded with a combination of equity and debt.
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One80 acquires equipment insurance agency InstaCOVER
Independent wholesaler One80 Intermediaries has acquired InstaCOVER, an independent insurance agency and technology platform specialising in point of sale insurance coverage for commercial, healthcare and rental equipment.
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Fosun appoints Deutsche Bank as it mulls Peak Re sale: report
Fosun International has appointed Deutsche Bank to advise on a potential sale of its stake in Hong Kong-based reinsurer Peak Re, according to reports.
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White Mountains made SiriusPoint and Hamilton approaches before $300mn Outrigger Re
Ark’s parent White Mountains made unsolicited approaches to SiriusPoint and Hamilton this summer as it looked at options to deploy proceeds from its $1.8bn sale of NSM, before returning $500mn to shareholders and committing funds to sidecar Outrigger Re in the aftermath of Ian, The Insurer can reveal.
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Chubb builds stake in China’s Huatai
Chubb has received regulatory approval from the China Banking and Insurance Regulatory Commission to purchase an additional 35.9 percent stake in Huatai Insurance Group Company Limited.
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Risk Strategies gets bigger in Texas with dental deal
Risk Strategies has grown its footprint in Texas with the acquisition of dental industry-focused broker Wallace Specialty Insurance Group.
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SiriusPoint, Mosaic call off deal for Lloyd’s managing agency
SiriusPoint and Mosaic have called off their planned deal for the Bermudian to sell its Lloyd’s managing agency to the Mitch Blaser and Mark Wheeler-led start-up, The Insurer can reveal.
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BP Marsh to back Housley/Cousins 2023 London MGA start-up
Specialist UK insurance investor BP Marsh & Partners is backing the nascent US property MGA headed by former Sompo International underwriters Richard Housley and Rupert Cousins, The Insurer can reveal.
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French mutuals among frontrunners in early bidding for CCR Re
Two rival consortiums of French mutual insurance companies, a private equity fund and a Cayman Islands-based reinsurer are among the bidders seeking to acquire a stake in state-backed CCR’s open market international reinsurer CCR Re.
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Argo: Comprehensive sale process has included outreach to 80 interested parties
Argo has said that its financial advisor Goldman Sachs has been in contact with over 80 parties regarding a sale of the business, and that the board slate up for re-election have “significant” experience in executing M&A transactions.
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Kingstone continues talks with Griffin Highline over potential strategic transaction
The exclusivity agreement between Northeast regional insurer Kingstone Companies and Griffin Highline following the private equity firm’s non-binding offer to buy the carrier has ended, but talks continue between the parties with the focus now on a potential strategic transaction.
