mergers and acquisitions News

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 …

Neuberger Berman to Buy $1B Natural Disaster Risk Manager

Neuberger Berman Group acquired an asset manager that oversees more than $1 billion with a focus on betting on risks tied to natural catastrophes such as hurricanes and earthquakes. The closely held investment manager struck the deal with private equity …

Commentary: Insurer CEO Can’t Simply Rewrite Rules of M&A

The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it. Three years into …

Allianz Keeps Market Guessing With Acquisition Possibilities

A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets as deal-hungry Chief Executive Officer Oliver Baete …

Axa Purchases XL in $15.3B Deal

Axa SA Chief Executive Officer Thomas Buberl is betting the worst is over for insurance. His $15.3 billion purchase of XL Group Ltd., the company’s biggest ever, will make Axa the top provider of commercial casualty coverage just as premiums …

Business News: GuideOne, XINSURANCE.COM, FAIR Foundation

GuideOne Launches Commercial Property Insurance Deployment With Roost Telematics Sensors GuideOne Insurance announced the first commercial deployment of Roost Smart Water Leak and Freeze Detectors by a property insurance carrier. The pilot places 4,000 sensors in churches across the country …

Business New: Genex, Kemper-Inifinity Merger

Stone Point Capital to Acquire Genex Services Genex Services, a cost containment services provider to the workers’ compensation, disability and auto industries, announced that funds managed by private equity firm Stone Point Capital LLC have entered into a definitive agreement …

Business News: Worley, Cisco Partnership

Worley Claims Services Acquires Audit Services Incorporated Louisiana-based Worley Claims Services, LLC, a national provider of insurance claims services, announced the acquisition of Audit Services Incorporated, a claim estimate writing and review supplier for the property and auto insurance markets. …

Business News: Allianz, HVACi, Nixon & Company

Allianz Global Corporate & Specialty Acquires Renewal Portfolio of Product Recall Business from Liberty Mutual in the U.S. Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced it is acquiring the renewal portfolio of Liberty Mutual Insurance’s …

AIG: Large M&A Deals Can Lead to Costly Insurance Claims

The frequency of M&A insurance claims is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American International Group, Inc. study of its representation and warranty …