Mergers and Acquisitions
Marsh & McLennan Companies Inc. announced that it will acquire Jardine Lloyd Thompson Group plc for an estimated enterprise value of $6.4 billion.
Markel Corporation (Markel) and Nephila Holdings Limited (Nephila) entered into a definitive agreement for Markel to acquire all of the outstanding shares of Nephila. The transaction is expected to close in the fourth quarter of 2018.
According to a recent PwC report, the mergers and acquisitions (M&A) deal value in the insurance sector practically tripled during the first half of 2018 compared with the same period in 2017. The report attributes the heightened value to mega-deals and federal tax reform effects.
Insurance brokerage firm Risk Strategies has acquired Oxford Risk Management Group (Oxford), an alternative risk and captive insurance and consultant. Oxford conducts captive feasibility analysis and also coordinates and manages turnkey captive insurance company arrangements, both domestically and internationally.
In the second quarter of 2018, the global mergers and acquisitions (M&A) market recorded its worst performance since the launch of the Quarterly Deal Performance Monitor by Willis Towers Watson in 2008. So far, the overall M&A volume remains on track to beat the post-crisis high of 2015.