Marsh acquires 100% of Honan Insurance Group by $448 mn
Marsh has acquires Honan as the US insurance broker giant seeks to expand its presence in Australia and New Zealand
M&A Insurance News
AXA acquires Laya from Corebridge Financial – subsidiary of AIG
French insurer AXA has signed a deal to acquire Irish health insurance company Laya Healthcare (Laya) in a deal valued at €650 mn
BlackRock announced joint venture with billionaire Mukesh Ambani in India
BlackRock and Jio Financial Services announced an equal stakes joint venture to launch asset management services in India. The venture, named Jio BlackRoc
Howden acquires Swiss aviation insurance broker Hudson Sky
Howden, the global insurance group, has acquired Hudson Sky International, securing briker’s position as a pre-eminent broker in the aviation insurance sector in Switzerland
Generali acquires of major asset manager Conning Holdings from Cathay Life
Generali has announced its acquisition of Conning Holdings, a global asset manager for insurance and institutional clients, from Cathay Life
French AXA Group discusses strategic options for XL Re
French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing
Insurtech Bolttech sells Thai FWD Insurance to Roojai
Roojai, Thailand’s leading online insurtech, announced it has agreed to acquire FWD General Insurance Company in Thailand
Marsh McLennan Guy Carpenter completed acquisition of Re Solutions
Guy Carpenter had completed its previously announced acquisition of Re Solutions, the leading independent reinsurance broker in Israel
Insurtech Root rebuffed a takeover bid from Embedded Insurance
Insurtech Root has rebuffed a takeover bid from Embedded Insurance even though the offer was one of the highest price
Zurich Insurance and Cardif plan to buy Indonesian insurer Astra Life
Zurich Insurance Group and insurer Cardif are among the parties considering bids for PT Astra International’s life insurance arm
Generali Group acquires spain insurer Liberty Seguros by €2.3 bn
Liberty Mutual Insurance and Generali Group announce that they have signed a definitive agreement for Generali to acquire Liberty Seguros
US bank M&A deals hit another monthly low
US bank M&A deals hit another monthly low in 2023 with only four deals announced in May
Tokio Marine launch a sale of Southeast Asia life insurance business worth $1 bn
Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 bn
Morning Data will integrate into Verisk’s Specialty Business Solutions
Verisk has successfully acquired Morning Data, a supplier of cutting-edge software to brokers and managing general agents (MGAs) worldwide, including the London market
Guy Carpenter acquires Israel’s reinsurance broker Re Solutions
Guy Carpenter, a business of Marsh McLennan and the leading global risk and reinsurance specialist, today announced that it is to acquire Re Solutions
AIG is planning to sell Validus Re to RenaissanceRe
AIG is planning to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe for $2.985 bn, consisting of $2.735 bn in cash
Cevian Capital is selling a stake in the UK insurer Aviva
Three years after purchasing shares in Aviva, activist investor Cevian Capital is selling almost all of its stake in the insurance giant
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
Arch Insurance acquires insurtech Thimble
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 completed the sale of Sun Life UK to Phoenix Group
Sun Life Financial has completed the sale of SLF of Canada UK Limitedto Phoenix Group Holdings. Headquartered in London
Virtual insurtech Insurify acquares of Inspop USA and Compare:com
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
Insurtech Cover Genius acquires embedded warranty provider, Clyde Tech
Cover Genius, the insurtech for embedded protection, has completed an asset acquisition agreement with US-based embedded warranty provider, Clyde Technologies
MGA Nirvana launches in UK & targets media, technology & cyber liability insurance
Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk Partners
Truist Insurance Holdings stake sale portends more M&A or IPO
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 M&A activity saw a 10-year high
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
Canada insurance market saw further rate declines in 2024, with property, casualty, financial, and cyber lines experiencing reductions. Property insurance rates fell 3%
Insurance rates in Europe declined 2% in the fourth quarter of 2024. The European insurance industry faced a year of changes and challenges
The UK insurance market experienced a shift in 2025, with property, casualty, and financial lines seeing notable rate declines, while motor insurance remained an exception
The Global Insurance Market Index is proprietary measure of commercial insurance rate changes at renewal. Below are insights into the US insurance market