Assurant will pay $2.5 billion to acquire The Warranty Group, a rival that provides insurance protection plans in areas including consumer electronics and appliances. Assurant is buying The Warranty Group from TPG Capital, a global alternative asset firm with interests …
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd’s, with 2016 global gross written premiums of $6 billion. The $611.5 million …
Hub International Limited has acquired the assets of Banyan Consulting Group, Inc. (Banyan). Terms of the acquisition were not disclosed. With offices in Greensboro, Raleigh and Charlotte, North Carolina, Banyan specializes in employee benefits. Alan Overbey, CEO of Banyan, will …
Octo Telematics, the London-based provider of telematics for the auto insurance industry, announced it will acquire the usage-based insurance (UBI) assets of Willis Towers Watson and will create a partnership with the broker to develop insurance products. These UBI assets …
Express Scripts said on Tuesday it would buy privately-held specialty healthcare benefits manager eviCore healthcare for $3.6 billion to bolster its medical benefits management business, with the deal adding to adjusted earnings in the first full year. Reuters reported in …
Warren Buffett is expanding his wager on Italy. The billionaire’s Berkshire Hathaway Inc. said Thursday it agreed to buy about 9 percent of Italian insurer Societa Cattolica di Assicurazioni Scrl from Banca Popolare di Vicenza SpA, one of two failed …
Japan’s MS&AD Insurance Group Holdings Inc said on Friday it had agreed with Swiss Re AG to invest 800 million pounds ($1.05 billion) to take a stake of up to 15 percent in UK-based ReAssure Jersey One Ltd. MS&AD and …
Specialty Program Group LLC (SPG), a holding company for specialty brokerage, contract binding, and insurance underwriting facilities, has acquired the assets of Capitol Special Risks, Inc. (CSR). Terms of the acquisition were not disclosed. Established in 1991 and based in …
Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group (AIG). Neither side is disclosing financial terms in the deal, which is expected to close on Oct. 15. But the operations in question produce $350 million …
Intact Financial Corp. said it has completed its acquisition of U.S. specialty insurer OneBeacon Insurance Group from Bermuda-based White Mountains Insurance Group. The purchase price was C$2.3 billion (US$1.7 billion). Toronto-based IFC said the deal makes it a leading provider …
