Analysis by S&P claims that for 2021, insurance carrier merger and acquisition (M&A) activity is poised for a breakout year, with deal value potentially reaching as high as $71.65 billion in the aggregate. Deal value of this magnitude would represent an increase of 269.5% from the levels seen in 2020, and would be the third… Continue reading Insurer M&A Activity Poised for a Breakout Year: S&P
Tag: insurance M&A
Marsh & McLennan Agency Acquires PayneWest Insurance
Marsh & McLennan Agency LLC, the middle market agency subsidiary of Marsh, today announced the acquisition of Missoula, Montana-based PayneWest Insurance, one of the largest independent agencies in the US. Terms of the acquisition were not disclosed. Founded in 1992, PayneWest provides business insurance, surety, employee benefits, and personal insurance services to companies and individuals… Continue reading Marsh & McLennan Agency Acquires PayneWest Insurance
Aon’s $30B Willis Bid Faces EU Antitrust Warning: Sources
Aon is set to be hit with an EU antitrust warning over its $30 billion bid for Willis Towers Watson unless it offers concessions in the coming weeks, two people familiar with the matter said. The deal, announced a year ago, would create the world’s largest insurance broker, putting the merged entity ahead of world… Continue reading Aon’s $30B Willis Bid Faces EU Antitrust Warning: Sources
Aon and Willis Towers Watson Establish ‘One Firm’ Vision, Name Executive Committee for Proposed Combination
Aon plc and Willis Towers Watson plc today announced the future leadership team for the firm that will be effective upon the completion of the proposed combination of Aon and Willis Towers Watson. Guided by a one firm mindset, the new leadership team will come together following the close of the combination to deliver new… Continue reading Aon and Willis Towers Watson Establish ‘One Firm’ Vision, Name Executive Committee for Proposed Combination
Rhodes Risk Advisors Acquires Independent Agency McEver & Tribble
Rhodes Risk Advisors, an Inc. 5000 independent insurance firm, announced it has acquired McEver & Tribble, an independent insurance agency also based in Atlanta. Combining the professional teams, risk management capabilities and insurance offerings of Rhodes and McEver & Tribble immediately expands the firm’s presence and middle-market growth in the southeast and nationally. The acquisition… Continue reading Rhodes Risk Advisors Acquires Independent Agency McEver & Tribble
Aon Confirms the European Commission Has Initiated a Phase II Review of Combination with Willis Towers Watson
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, confirmed today that the European Commission (EC) has initiated a Phase II review in connection with its combination with Willis Towers Watson Public Limited Company. The Phase II review is a common next step in the review… Continue reading Aon Confirms the European Commission Has Initiated a Phase II Review of Combination with Willis Towers Watson
Strong Insurance M&A Activity to Continue in 2021: PwC
Deal activity in the insurance sector slowed in the Spring of 2020, but came roaring back in the second half of the year. From the end of June to mid-November, there were 222 announced transactions, with $10.9 billion in announced deal value. Standouts included mega-deal announcements of KKR’s acquisition for Global Atlantic for $4.0 billion,… Continue reading Strong Insurance M&A Activity to Continue in 2021: PwC
Aon’s $30B Willis Towers Watson Deal Faces EU Probe
Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The companies, which are the second and third-largest brokers globally after leader Marsh & McLennan Companies Inc, are looking to the deal to boost their pricing… Continue reading Aon’s $30B Willis Towers Watson Deal Faces EU Probe
Zurich Insurance Acquires MetLife’s P&C Unit for Nearly $4 Billion
Zurich Insurance Group AG agreed to buy of MetLife Inc.’s U.S. property and casualty business in a $3.94 billion cash transaction, extending its reach in the world’s largest economy. Zurich’s subsidiary Farmers Group Inc. and Farmers Exchanges, which the insurer manages, will fund the purchase jointly, the Swiss company said in a statement on Friday.… Continue reading Zurich Insurance Acquires MetLife’s P&C Unit for Nearly $4 Billion
Zurich Insurance Nears $4 Billion Deal for MetLife Unit: Sources
Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc’s U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people familiar with the matter. The deal, executed through its Farmers Group Inc subsidiary, would expand Zurich Insurance’s P&C business, as the industry grapples with… Continue reading Zurich Insurance Nears $4 Billion Deal for MetLife Unit: Sources