AXA acquired Gruppo Nobis, a retail P&C insurer in Italy
AXA announced an agreement to acquire Gruppo Nobis, a retail P&C insurance company in Italy with a diverse distribution network
M&A Insurance News
Number of M&A deals involving insurance brokers in North America increased by 8%
The number of M&A deals involving insurance brokers in North America increased by 8% sequentially to 120 in the second quarter, according to S&P
Chubb’s acquisition of pet insurance MGA Healthy Paws valued at $300 mn
Insurance gigant Chubb announced in April a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent specializing in pet insurance
Sixth Street acquired Enstar by total equity value of $5.1 bn
Enstar Group has entered into a definitive merger agreement under which Sixth Street will acquire Enstar, with Liberty Strategic Capital, J.C. Flowers & Co
Insurtech Zebra acquired digital platform Marble
Insurtech Zebra has acquired digital platform for managing and saving on insurance Marble. The acquisition is effective as of July 25
EY highlights a rise in disclosed M&A deals in the UK insurance sector
EY report highlights a notable rise in publicly disclosed M&A deals in the UK insurance sector, increasing from 54 in H1 2023 to 94 in H1 2024
Aviva acquired of Probitas Holdings (Bermuda) for £249 mn
Aviva has finalized the acquisition of Probitas Holdings (Bermuda) Limited for £249 mn, marking its entry into the Lloyd’s market
European financial & insurance M&A activity rebounded in 2024
M&A activity in the European financial afn insurance services industry rebounded in the first half of 2024 after a slow
Zurich Group acquires AIG’s global personal travel insurance business
Zurich Insurance Group announced an agreement to buy AIG’s global personal travel insurance and assistance business, AIG Travel, for $600 mn
Generali CEE Holding completes 4Life Direct acquisition
Generali CEE Holding has finalized the acquisition of 4LifeDirect, a life insurance distribution company in Poland
Zurich Insurance acquires 70% of indian insurer Kotak for $670 mn
Zurich Insurance Company has completed of acquiring majority stake in Kotak Mahindra General Insurance Company from Kotak Mahindra Bank
AIG initiated a secondary offering of Corebridge Financial stock
AIG has initiated a secondary offering of Corebridge Financial common stock, has initiated a secondary offering
AON acquired of NFP, a middle market P&C insurance broker
AON, a global professional services firm, has completed the acquisition of NFP, a middle market property and casualty broker, benefits consultant
Marsh acquired Fisher Brown Bottrell Insurance
Marsh McLennan Agency announced that it has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance (FBBINSURANCE)
AXA Investment Managers acquires W Capital Partners
AXA Investment Managers has agreed to acquire W Capital Partners, a New York-based private equity firm specializing in GP-led and direct secondaries transactions
Blue Owl Capital acquires Kuvare Asset Management, a insurers’ invest manager
Blue Owl Capital will spend $750 mn to acquire Kuvare Asset Management, a boutique investment management firm that services the insurance industry
AGCS to sell US Fireman’s Fund insurance businesses to Arch for $1.4 bn
Allianz Global Corporate & Specialty to sell its Fireman’s Fund insurance businesses in the United States to Arch Insurance North America for total transaction value of $1.4 bn
Japanese Dai-ichi Life Insurance acquired of a 19.9% stake in Canyon Partners
Japanese insurance company Dai-ichi Life Holdings has acquired of a minority stake in Canyon Partners, a leading alternative investment manager based in the United States
M&A in UK insurance industry rose, in contrast to a EU slowdown
M&A in the UK insurance industry rose in 2023, in contrast to a wider slowdown in deal activity across Europe, the Middle East and Africa
Most global M&A deals announced with transaction values >$10 bn
February marked the third straight month in which four global M&A deals were announced with transaction values greater than $10 billion
Wipro acquired insurtech Aggne Global for $66 mn
Wipro, India’s fourth largest information technology (IT) services firm, will acquire US-based insurtech firm Aggne Global
Dutch insurer Achmea sales of its life insurance division
Dutch insurer Achmea is weighing the sale of its life insurance division. Achmea has hired JPMorgan to chart the possibilities for the division
Howden Group acquired Scottish broker Laurie Ross
Howden has recently announced its acquisition of Laurie Ross, a Scotland-based broker specializing in both personal and commercial lines
The UK financial services industry reported 273 M&A deals in 2023, totaled £12bn
The UK financial services industry reported 273 deals in 2023, representing a 9% fall from the 301 deals recorded in 2022
Aviva will receive an additional £80 mn from sale of Singapore Life
Aviva plc has announced expectations to receive an additional £80 million (approximately SGD 0.1 billion) from the sale of its shares in Singapore Life Holdings Pte Ltd (Singlife)
Generali becomed the 100% shareholder of Generali China Insurance
Generali enhances its strategic position in China, becoming the 100% shareholder of Generali China Insurance Company
Aon’s $13.4 bn acquisition of NFP is largest deal in global insurance broking sector
Aon’s $13.4 billion acquisition of NFP is the largest deal ever announced in the global insurance broking sector
Sumitomo Life Insurance acquired a 35.5% stake in Singapore Life Holdings
Sumitomo Life Insurance Company, a Japanese insurer, has agreed to acquire a 35.5% stake in Singapore Life Holdings (Singlife) from TPG Inc
Swiss Re acquired Fathom, a water risk intelligence and flood models UK provider
Swiss Re has acquired Fathom, a UK-based company specializing in water risk intelligence and flood modeling
Howden acquired NORTH Risk, Denmark’s fourth-largest insurance intermediary
Howden has announced its definitive agreement to acquire NORTH Risk, Denmark’s esteemed fourth-largest insurance intermediary
Insurance brokers push debt-financed acquisitions amid slowing growth, Fitch warns credit risks rise but strong cash flow keeps leverage tolerable
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