Business Moves & Mergers News

Aon Quits Pursuit of Willis Towers Watson Merger

Aon Plc said it’s no longer pursuing a combination with rival insurance brokerage Willis Towers Watson Plc, a day after confirming that it was considering a tie-up. The company said on Tuesday that it was in the early stages of …

Aon Weighing Bid to Buy Willis Towers Watson

Aon Plc is considering an offer to buy rival insurance brokerage Willis Towers Watson Plc, according to people familiar with the matter, in what could be the industry’s largest ever merger. Bloomberg reported that Aon is preparing to submit a …

M&A News: CRS/Klein & Co., Eberl/Carwood Claims, Verisk/Rulebook

CRS Temporary Housing Announces Merger with Klein & Company In partnership with GenNx360 Capital Partners, CRS Temporary Housing merged with Klein & Company on November 30, 2018. Founded in 1995 and based in Golden, Colo., Klein & Co. provides hotel …

Business News: Arbella, LexisNexis Risk Solutions, IICF

Arbella Launches Free Safe Driving Mobile App The Arbella Insurance Group, in partnership with Cambridge Mobile Telematics (CMT), announced the launch of Wheel Focused, a telematics-based solution proven to change driver behavior through real-time feedback, personalized data and insights, and …

Business News: ClaimRide, Symbility, Agero, Starr Companies

ClaimRide Partners With Turo in the Vehicle Replacement Market ClaimRide, the leading facilitator of TNC services for the insurance industry, announced a partnership with leading P2P carsharing marketplace, Turo. Under the alliance, ClaimRide will now offer Turo as a replacement …

Business News: Chubb, The Guarantee, NORCAL Mutual

Chubb Introduces New Workers’ Compensation System for Small Businesses A new online system from Chubb will help independent agents quote and issue a comprehensive workers’ compensation policy for small businesses. Chubb’s workers’ compensation policy for small business owners is designed …

Business News: QBE, Chubb, Verisk Analytics

QBE Inland Marine Launches New Liability Insurance for Motor Carriers in the Logistics and Transportation Industry Australia-based QBE North America, an operating division of global insurer QBE Insurance Group Limited, announced the launch of The Solution for Motor Truck Cargo …

UK Merger Activity Expected to Drop Sharply

Mergers and acquisitions in the U.K. are likely to drop sharply this year amid uncertainty over Britain’s relationship with the European Union, according to research released Monday. The value of deals is expected to fall to $125 billion this year …

AIG to Sell Chile, Turkey Units to Focus on P/C Business

American International Group Inc. agreed to sell commercial and consumer units in nations including Argentina and Turkey to Prem Watsa’s Fairfax Financial Holdings Ltd. for $240 million as Chief Executive Officer Peter Hancock narrows his company’s focus. Fairfax will also …

Business News: Progressive, MEMIC, Flood Risk America

The Progressive Group of Insurance Companies plans to fill more than 1,300 roles by the end of 2016. They include IT and analyst roles, as well as customer care and claims roles across the country. Progressive intends to continue hiring …