Mergers and Acquisitions
SOBC DARAG Completes Peachtree Runoff Acquisition
The joint venture SOBC DARAG has completed its first acquisition: Florida-based Peachtree Casualty Insurance Company (Peachtree). SOBC DARAG was formed in Delaware to support DARAG's expansion into the US and Bermuda/Caribbean runoff markets. The joint venture and Peachtree acquisition were both announced in mid-August. Read More
Ignoring Culture Is Not an Option in M&A Transactions
Mercer's mergers and acquisitions (M&A) readiness research report, titled "Mitigating Culture Risk to Drive Deal Value," found that 43 percent of M&A transactions worldwide experienced such serious culture issues that deals were delayed or terminated or purchase prices were negatively impacted. In addition, 67 percent experienced delayed synergy realization due to culture issues. Read More
Randall & Quilter Acquires Captive Insurance Company
Randall & Quilter Investment Holdings Ltd. will acquire Western Captive Insurance Company Designated Activity Company, the Irish-domiciled captive insurance company of the Coffey Group of companies in Ireland. Read More
AIG Expands Underwriting Capabilities with Glatfelter Acquisition
American International Group, Inc. (AIG), has entered into a definitive agreement to acquire Glatfelter Insurance Group (Glatfelter), a full-service broker and insurance company providing services for specialty programs and retail operations. Read More
Marsh & McLennan To Acquire Jardine Lloyd Thompson Group Plc
Marsh & McLennan Companies Inc. announced that it will acquire Jardine Lloyd Thompson Group plc for an estimated enterprise value of $6.4 billion. Read More