Insurance Journal
 
 

Insurance Mergers & Acquisitions

 
March 26, 2021
 
 
 

Element Risk Management Acquires Henderson Insurance, Our Legacy Insurance

Mar 26, 2021 -- Element Risk Management has acquired Henderson Insurance of Harrisburg, Pennsylvania, and Our Legacy Insurance of Front Royal, Virginia....
 

Insurtech Funding News: $118M for Pie; $30M for Snapsheet

Mar 26, 2021 -- There have been two notable funding rounds by insurtechs this week. Workers' compensation provider Pie Insurance has raised $118 million...
 

Private Equity Firm CVC Nears Deal to Buy Insurance Arm of National Bank of Greece

Mar 26, 2021 -- CVC Capital Partners is nearing a deal to acquire National Bank of Greece SA's insurance business after a years-long search for a buyer,...
 

Update: Allianz to Purchase Aviva Poland for $2.9 Billion, Winning Bidding War

Mar 26, 2021 -- Allianz SE, Europe's largest insurer, is to purchase the Polish operations of Aviva Plc for 2.5 billion euros ($2.9 billion). The deal...
 
 
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Alera Group Acquires E3 Outsource of Florida, Launches National Employee Benefits Helpline

Mar 25, 2021 -- Alera Group, an employee benefits, financial services and risk management company, has acquired E3 Outsource, an employee benefits...
 

Generali Raises Bid for Aviva Poland in Battle with Dutch Insurer NN: Sources

Mar 25, 2021 -- MILAN – Italian insurer Generali has nudged up its bid for Aviva's Polish arm, valuing the business at almost 2.5 billion euros ($3...
 

Towergate Buys AFL Retail Team, Following a Separate AFL Team Move Last Week

Mar 25, 2021 -- Towergate Insurance Brokers announced it has exchanged contracts to purchase the corporate retail book of business from AFL Insurance...
 

Canada's Constellation Insurance to Acquire Ohio National for $1 Billion

Mar 24, 2021 -- Canada's Constellation Insurance Holdings, Inc. has agreed to acquire Cincinnati-based life and disability insurer Ohio National Mutual...
 

Insurance Broker Acrisure Raises $3.45 Billion

Mar 24, 2021 -- Fast-growing global insurance brokerage Acrisure announced it has closed on two transactions representing a significant capital raise of...
 

AIA Group to Buy Insurance Business of Bank of East Asia

Mar 24, 2021 -- Hong Kong-based insurer AIA Group has entered into an agreement to buy the wholly-owned life insurance unit of Bank of East Asia (BEA)...
 

Arthur J. Gallagher Acquires R&R Benefits/Risk Management in Indiana

Mar 24, 2021 -- Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has acquired South Bend,...
 

Spanish Bank Bankinter to Spin Off Its P/C Insurance Unit Linea Directa

Mar 23, 2021 -- MADRID – Spanish bank Bankinter said on Tuesday it cleared all regulatory hurdles to spin off its insurance unit Linea Directa and list...
 

The Hartford Rejects Chubb's $23 Billion Buyout Offer

Mar 23, 2021 -- The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb's unsolicited proposal to acquire...
 

Bernhard Capital Forges Partnership with Louisiana's Gray Casualty & Surety

Mar 22, 2021 -- A group of investors led by Bernhard Capital Partners Management LP (Bernhard Capital), a services and infrastructure-focused private...
 

Chubb Bids for Significant Scale Including The Hartford's 'Crown Jewel'

Mar 19, 2021 -- Five years ago, Evan Greenberg led ACE's nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global...
 

Why Its Bid for The Hartford Is a Personal Lines 'Chess' Move by Chubb

Mar 19, 2021 -- While Chubb's $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers, one experienced...
 

Alera Group Acquires Michigan's Specialized Insurance Services Agency

Mar 19, 2021 -- Deerfield, Ill.-based insurance and financial services firm, Alera Group, has acquired Specialized Insurance Services Agency Inc. (SISA),...
 

Stateline Insurance & Financial Services Joins Thompson Insurance Group

Mar 19, 2021 -- Stateline Insurance & Financial Services of East Providence, Rhode Island has joined Thompson Insurance Group. By merging with...
 

Chubb's Offer to Acquire Rival Hartford: $23.2 Billion

Mar 19, 2021 -- Chubb Ltd., the global insurer led by Evan Greenberg, proposed an acquisition of Hartford Financial Services Group Inc. for about $23.2...
 

Chubb Explores Acquisition of $22 Billion Rival Hartford: Bloomberg

Mar 18, 2021 -- Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in what could...
 
 
 
 
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