Mergers and Acquisitions
Sedgwick Finalizes Cunningham Lindsey Purchase and Names UK Leadership
Sedgwick has finalized the purchase of Cunningham Lindsey and its subsidiaries, bringing the company 6,000 additional Cunningham Lindsey colleagues located in 65 countries. The combined enterprise includes the subsidiaries of Sedgwick, Vericlaim, and Cunningham Lindsey and will operate globally under the Sedgwick name. Read More
Should the Captive Markets Consider Mergers and Acquisitions?
Captive.com Editor John Foehl takes a look at the mergers and acquisitions environment and whether there is any role for captive insurers. Should captive markets consider mergers and acquisitions? Read More
Inbound: AXA and XL Group Number One Global P&C Commercial Lines Insurer
AXA is set to acquire 100 percent of XL Group Ltd., for a total consideration of $15.3 billion. The transaction is expected to be completed in the second half of 2018. This transaction will enable the Group to become the number one global property and casualty (P&C) commercial lines insurer based on gross written premiums. Read More
Fitch Believes M&A Can Benefit Re/insurers by Increasing Resilience
The combination of continued competitive pressures, the effects of US tax reform, and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings. Read More
EWI Re and R&Q Complete an RRG Auto Liability Assumption
Reinsurance intermediary EWI Re sourced a recent assumption transaction completed by Randall & Quilter Investment Holdings Ltd. (R&Q). The deal was an assumption of auto liabilities from a Connecticut-domiciled risk retention group (RRG) to R&Q's wholly owned A- admitted insurer, Accredited Surety and Casualty Company. Read More