Closely held Embedded Insurance has made multiple approaches and offered to acquire Carvana-backed Root for $19.34 a share, the people said.
Tag: M&A
Examining the Mergers and Acquisitions Landscape in 2023
As we cross the midpoint of 2023, the property and casualty (P&C) insurance sector continues to experience a complex mergers and acquisitions (M&A) landscape.
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.
Paramount Global Directors Agree to $168 Million Investor Settlement Over Merger
Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the entertainment company.
Massachusetts and New York Lawmakers File Drug Decriminalization Bills for 2023
Massachusetts and New York lawmakers have introduced legislation to broadly decriminalize currently illegal drugs.
ReSource Pro Buys Software Solutions Company MIS Insurance Services
ReSource Pro, a market leader in business process solutions for the insurance industry, announced today the acquisition of MIS Insurance Services LLC, a customized software solutions company that offers a comprehensive suite of web-based services to the commercial P&C insurance market. MIS is the latest acquisition in ReSource Pro’s strategy to expand offerings and opportunities… Continue reading ReSource Pro Buys Software Solutions Company MIS Insurance Services
Global M&A Performance Enjoys Bounce Back in 3Q
Global mergers and acquisitions (M&A) performance improved in the third quarter of this year, according to Quarterly Deal Performance Monitor research on completed deals (QDPM). Buyers outperformed the market by +3.9 percentage points for deals valued over $100 million between July and September 2022, according to share price performance. 1 WTW is a global advisory,… Continue reading Global M&A Performance Enjoys Bounce Back in 3Q
Vertafore Acquires MGA Systems, Expanding and Enhancing Solutions for MGAs
InsurTech leader’s latest acquisition adds deep industry talent and two leading MGA solutions into the Vertafore ecosystem Vertafore®, the leader in modern insurance technology, today announced that it acquired MGA Systems, a leading provider of purpose-built software for MGAs. In an increasingly competitive business environment, MGAs require solutions that can keep pace as they seek to… Continue reading Vertafore Acquires MGA Systems, Expanding and Enhancing Solutions for MGAs
Aon Forms EMEA M&A and Transaction Solutions Advisory Board for M&A Practice Growth
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announces the formation of its EMEA M&A and Transaction Solutions Advisory Board. The new advisory board will support the growth and development of Aon’s M&A practice across the UK and EMEA, as it continues to expand… Continue reading Aon Forms EMEA M&A and Transaction Solutions Advisory Board for M&A Practice Growth
Aon Forms EMEA M&A and Transaction Solutions Advisory Board
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announces the formation of its EMEA M&A and Transaction Solutions Advisory Board. The new advisory board will support the growth and development of Aon’s M&A practice across the UK and EMEA, as it continues to expand… Continue reading Aon Forms EMEA M&A and Transaction Solutions Advisory Board