Canada Life Assurance acquires IPC for a cash consideration of $575 mn
Canada Life Assurance Company, a subsidiary of Great-West Lifeco, has reached an agreement to acquire Investment Planning Counsel
Latest Mergers & Acquisitions news of M&A global insurance market. Explore latest insights, trends and breaking news from Beinsure Media.
M&A news focuses on insurance trends related to mergers and acquisitions and covers news about how insurance policies, trends, and strategies impact M&A activities. It includes updates on new insurance products designed for M&A transactions, regulatory changes affecting M&A insurance, and significant deals that involve insurance considerations.
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Canada Life Assurance Company, a subsidiary of Great-West Lifeco, has reached an agreement to acquire Investment Planning Counsel
Arch Insurance has acquired Thimble, a insurtech platform for small business customers and agents. Thimble enables small businesses to quickly get insurance coverage
Sun Life Financial has completed the sale of SLF of Canada UK Limitedto Phoenix Group Holdings. Headquartered in London
America’s top-rated virtual insurance agent to compare, buy and manage insurance Insurify has completed the acquisition of Inspop USA and its subsidiary, Compare.com
Cover Genius, the insurtech for embedded protection, has completed an asset acquisition agreement with US-based embedded warranty provider, Clyde Technologies
Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk Partners
Truist Financial Corp.’s sale of a minority stake in its insurance arm has left the Street wondering what move the company will make next
Global insurance mergers and acquisitions (M&A) activity saw a 10-year high in 2022, though a marked downturn in H2 as economic pressures began to impact investor
Insurtech Roadzen has plans to become a publicly traded company in the US via merger with Vahanna Tech Edge Acquisition in a blank-check vehicle in a deal valued $965mn
M&A tech and InsurTech firm io.insure, which claims to be the world’s first online mergers and acquisitions (M&A) insurance marketplace for SME transactions
Essent Group agreed to purchase the title insurance subsidiaries of Finance of America’s Incenter business for $100 mn, the latest company looking to find synergies
Managing general agency Johnson & Johnson announced that it recently acquired the assets of Statewide Insurance Corp as it looks to expand into a number of Southwestern states
Regulators seeking further consolidation and international exits or strategic acquisitions will be key drivers.
Arthur J. Gallagher has agreed to acquire the partnership interests of Buck, a provider of retirement, HR and employee benefits consulting and administration services
K2 Insurance Services, an independent specialty insurance program manager, announced that private equity firm Warburg Pincus has agreed to acquire
Fitch Ratings says that it has a neutral sector outlook for North American insurers next year, saying that they will continue to benefit from rising interest rates
Frequency of M&A insurance claims has fallen after the anticipated post-Covid claims surge did not materialise
After a slow start to the year as the insurance industry focused on integrating the record number of transactions which closed at 2021, M&A activity has rebounded
Dai-Ichi Life Holdings has made an offer to acquire shares of pet insurance provider ipet Holdings, with the intention of making it a wholly-owned subsidiary
AXA announced that AXA Spain has entered into exclusive negotiations with Groupe des Assurances du Credit Mutuel (“GACM SA”) for the potential acquisition
NN Group announces that it has reached an agreement with Rockbridge to sell the former MetLife asset management business in Poland
Allianz has announced that it has completed its transaction to acquire a majority stake in Jubilee Holdings Limited’s general insurance business in East Africa
2021 was an active year for mergers and acquisitions with large block reinsurance transactions leading to a 41% increase in admitted assets owned by private equity firms
M&A and disposition activity within the US life insurance sector will continue in 2022 and 2023, however, weakening macroeconomic conditions and new regulatory hurdles
U.S. Directors & Officers (D&O) insurance results in the first half of 2022 have improved, though premium growth has stalled