ACE Limited announced that it has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $293 million in cash. The bulletin said: “Mexico City-based Fianzas Monterrey is the nation’s second-largest surety lines writer …
Germany’s Allianz SE has partnered with Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), to acquire Czech Republic pipeline firm N4G. Each will own a 50 percent stake in the company. Allianz explained that …
A.M. Best Europe – Rating Services Limited has commented on the recent announcement from Germany’s Allianz SE that it is entering into a long-term partnership with Turkey’s Yapi Kredi and is acquiring Yapi Kredi Sigorta. Allianz SE currently has a …
Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty insurer, including its subsidiary Yapı Kredi Emeklilik, the life …
U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA’s U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the situation. French insurer …
France’s AXA Group announced that its asset management subsidiary, AXA Investment Managers (AXA IM), has received an irrevocable offer from an investor group for its entire stake in AXA Investment Managers Private Equity SA (AXA Private Equity). AXA said the …
Bankers Insurance, AIX Group Florida ankers Insurance Group has reached an agreement with AIX Group to acquire its Florida policies as part of a strategy to increase Bankers’ presence in the state’s Latino community. Under the terms of the deal, …
Tower Group, Inc. announced the closing of its merger with Canopius Holdings Bermuda Limited as of the close of trading on The NASDAQ Global Select Market (NASDAQ) today March 14, 2013. The announcement said: “Upon closing of the merger, Tower …
The Jacobson Group, ejsSearch The U.S. insurance industry employment firm The Jacobson Group is merging with London-based executive search company ejsSearch. The merger is expected to close during the second quarter of 2013. “As the industry becomes more global in …
MedMal, Georgia Jacksonville-based MedMal Direct Insurance Co. has received its certificate of authority from the Georgia Department of Insurance and has officially launched operations as a medical malpractice insurance carrier in Georgia. MedMal Direct sells medical malpractice insurance directly to …
