Ping An Insurance to sell 41,9% stake in Autohome for $1.8 bn
Autohome, a Hong Kong-listed company, announced that Ping An Insurance will no longer be its controlling shareholder after selling a 41.91% stake for $1.8bn
M&A Insurance News
Vouch acquired the team and book of business from StartSure
Vouch, a business insurance provider for high-growth companies, has acquired the team and book of business from StartSure Insurance Services
Legal & General Group sells U.S. business to Meiji Yasuda Life Insurance for $2.3 bn
Legal & General Group plc agreed to sell its U.S. protection business to Meiji Yasuda Life Insurance Co. in a $2.3 billion deal
Suncorp Group finalized the sale of Asteron Life, its New Zealand life insurer
Suncorp Group has finalized the sale of Asteron Life, its New Zealand life insurance business, to Resolution Life NOHC for NZ$410 mn
Aon announced a co-broking agreement with Protecdiv, a minority-owned brokerage
Aon announced a co-broking agreement with Protecdiv, a minority-owned brokerage, to expand service offerings for U.S. public and private sector clients
Allstate agreed to sell its Group Health business to Nationwide Mutual Insurance for $1.25 bn
Allstate Corp. agreed to sell its group health business to Nationwide Mutual Insurance Co. for $1.25 bn in cash. The deal is expected to close in the second half of the year
Suncorp Group completed the sale of Asteron Life, its New Zealand life insurer, for NZ$410 mn
Suncorp Group Ltd. completed the sale of Asteron Life Ltd., its New Zealand life insurance business, to Resolution Life NOHC for NZ$410 mn
Generali and BPCE form $1.97 tn asset management joint venture
Generali and French banking and insurance group BPCE have agreed to form a 50-50 joint venture, creating a global asset management operation with €1.9 tn
Canadian insurers Beneva and Gore Mutual plan to merge to drive growth
Canadian mutual insurers Beneva and Gore Mutual plan to merge to drive growth, reinforcing the role of mutuals in the country’s insurance industry
Alpine Intel acquires BSC Forensics to enhance claims investigations
Alpine Intel, a US-based insurance solutions provider, has acquired BSC Forensics for an undisclosed sum. The acquisition is expected to improve efficiency and accuracy for its clients
GRAM ABF acquires majority stake in UniVista Insurance at $700 mn valuation
Entities tied to GRAM’s Americas Buyout Fund, have made a majority investment in Miami-based UniVista Insurance
Canadian Fairfax becomes the 100% owner of Ukrainian insurers—ARX, ARX Life, and UNIVERSALNA
Fairfax Financial Holdings has completed a deal with the EBRD and has become the 100% owner of Ukrainian insurance companies UNIVERSALNA, ARX, and ARX Life
Generali Investments acquires a 77% stake in MGG Investment Group for $320 mn
Assicurazioni Generali’s investment arm is acquiring a 77% stake in U.S.-based middle-market investment firm MGG Investment Group for $320 mn
Standard Insurance sues Securian Financial over $50 mn earn-out dispute
Standard Insurance Co. has sued Securian Financial Group, Inc. and its subsidiary, Minnesota Life Insurance Co., over $50 mn in earn-out payments tied to a 2022 acquisition
Reinsurance Group of America announced a strategic investment in PACT Capital
Reinsurance Group of America (RGA), a leading life and health reinsurer, has announced a strategic investment in PACT Capital LLC, an independent investment firm
Ping An plans to acquire the remaining shares of Ping An Healthcare for $1.7 bn
Ping An Group plans to acquire the remaining shares of Ping An Healthcare and Technology Co. for HK$13.23 bn ($1.70 bn
Chesnara acquires £1.5 bn portfolio from Canada Life Insurance in UK
Chesnara, a European life and pensions consolidator, has acquired a closed portfolio of unit-linked bonds and legacy pensions totaling 17,000 policies
PIC completed a £24 mn full buy-in of the Holophane Retirement Benefits Scheme
PIC has completed a £24 mn full buy-in of the Holophane Retirement Benefits Scheme, securing pension benefits for 95 pensioners, dependents
Aviva and Direct Line Insurance anticipate £250 mn in one-off integration costs
Aviva and Direct Line Insurance Group anticipate £250 mn in one-off integration costs for their proposed £3.7 bn merger
DARAG acquires run-off portfolio from wefox Insurance
DARAG Group, a prominent legacy acquirer, has agreed to purchase a run-off portfolio from wefox Insurance AG. The portfolio includes motor damage, third-party liability
Knighthead Insurance Group acquired Merit Life Insurance
Knighthead Insurance Group has acquired Merit Life Insurance for an undisclosed amount, rebranding it as Knighthead Life
Marsh McLennan to acquire Fisher Brown Bottrell Insurance for $345 mn
Marsh McLennan Agency (MMA), a subsidiary of Marsh, plans to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank
SageSure acquired GeoVera Advantage Insurance Services
SageSure, a managing general agent focused on catastrophe-prone markets, has completed its acquisition of GeoVera Advantage Insurance Services
Sentry Insurance acquired of The General, a non-standard auto insurer
Sentry Insurance announced the successful completion of its acquisition of The General, a leading provider of non-standard auto insurance, from American Family Insurance
OCBC Hong Kong to sell stake in Hong Kong Life for $75 mn
OCBC Bank (Hong Kong) announced it will sell its entire 33.33% stake in Hong Kong Life Insurance for approximately HK$589.3 mn ($75 mn) to Yue Xiu Enterprises (Holdings)
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Deloitte presents new trends in insurance mergers and acquisitions for 2024-2025, focusing on how economic, regulatory, and strategic factors might shape the future.
Global private equity and venture capital deal value grew in the first quarter, although the volume of transactions declined from the same period in 2023
Involving HR professionals early in M&A due diligence can help deals close more quickly and increase the chances of a successful transaction