The Travelers Companies, Inc. today announced that it has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million. Founded in 2017, Corvus is an industry-leading cyber insurance managing general underwriter powered by proprietary technology.
Tag: insurance M&A
RenaissanceRe Completes Acquisition of Validus Re
RenaissanceRe Holdings Ltd. today announced that it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group, Inc. (AIG).
Risk Strategies and One80 Intermediaries to Operate Under New Accession Risk Management Group Brand
Risk Strategies and One80 Intermediaries today announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand
Arthur J. Gallagher & Co. Acquires Clements Worldwide
Arthur J. Gallagher & Co. today announced the acquisition of Washington, D.C.-based Clements Worldwide. Terms of the transaction were not disclosed.
Report: Truist in Talks to Sell Insurance Business for $10B
Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter.
Arthur J. Gallagher & Co. Acquires The Coverage Pro
Arthur J. Gallagher & Co. today announced the acquisition of Scottsdale, Arizona-based The Coverage Pro. Terms of the transaction were not disclosed.
Global Insurance M&A Activity Experiences Sharp Drop in H1 2023: Clyde & Co
The global insurance industry has experienced a significant decline in mergers and acquisitions (M&A) during the first half of 2023, according to Clyde & Co’s Insurance Growth Report mid-year update.
All the Agency World’s a Stage (of Perpetuation)
A growing trend is the “staged perpetuation” — transferring ownership of the agency in phases, rather than selling it entirely at one time. Not every agency principal is aware of this viable alternative to selling outright or how it works.
Digital Insurance Market Policygenius to Be Acquired by Eldridge’s Zinnia
Online insurance marketplace Policygenius has agreed to be acquired by fellow digital insurance platform Zinnia, to create a tech-focused platform covering the full insurance process.
Arthur J. Gallagher & Co. Acquires Bay Risk Services Limited
Arthur J. Gallagher & Co. today announced that its reinsurance division Gallagher Re has acquired the business and assets of UK-based Bay Risk Services Limited.