Browsing Category
Insurance industry news
82 posts
Why Michael Dell’s DFO Management is backing a $7.7bn insurance brokerage buyout
Sequence Holdings and Michael Dell’s DFO Management will take The Baldwin Group private in a $7.7 billion deal built around insurance consolidation, technology and artificial intelligence.
Swiss Life is buying back CHF250m of shares while cutting 600 positions. Why?
Swiss Life plans to eliminate around 600 positions by the end of 2028, including roughly 300 in its Swiss insurance business, as the group uses digitalisation and operating simplification to improve efficiency despite rising profit, premiums and fee income.
USI nearly tripled revenue under KKR, but Aon is paying 14.5 times synergised EBITDA for the next stage
Aon is paying $17 billion for privately held USI Insurance Services only two years after its $13 billion NFP acquisition. The transaction gives KKR a sixfold return on its original 2017 equity, but Aon’s 9.5% share-price fall shows investors are focusing just as closely on leverage, a 14.5-times synergised EBITDA multiple and the cost of integrating another major insurance brokerage.
Bamboo Insurance has $879m of managed premium, but its IPO comes with a $548m debt question
CVC-backed Bamboo Insurance Services has filed for a New York Stock Exchange listing after managed premium approached $879 million and first-half revenue grew 40%. The capital-light insurance model is producing strong adjusted margins, but a $548 million term loan, declining GAAP profit and catastrophe exposure will make the eventual IPO price critical.
Tokio Marine HCC expands into UK commercial motor with Direct Commercial acquisition
Tokio Marine HCC acquires Direct Commercial, adding a ÂŁ200 million UK commercial motor insurance business as global expansion accelerates.
Why Ted Shallcross III’s Rhode Island recognition comes at an important point in Amica’s insurance strategy
Amica Mutual Insurance Company Chairman, President and Chief Executive Officer Edmund “Ted” Shallcross III has been named among Providence Business News’ 40 Driving Forces in Rhode Island, adding a regional leadership distinction at a time when the mutual insurer is strengthening its surplus, expanding product offerings and pushing further into digital insurance. The recognition is largely symbolic from a financial standpoint, but Amica’s underlying operating results make the timing more significant than a conventional executive award.
Cover Genius makes its European banking move, but can Friendsurance deliver the contracts?
Cover Genius has acquired Berlin-based Friendsurance, adding local banking technology, insurer connections and regulatory expertise as it expands embedded protection across Germany, Austria and Switzerland.
Geneva Life Holdings acquires Geneva International Insurance to anchor private wealth platform
Geneva Life Holdings has acquired Barbados-regulated Geneva International Insurance, gaining an operating private placement life insurance carrier as it builds a broader insurance, asset management and private wealth platform.
MAPFRE bets $1.54bn on New England insurance scale, but will the numbers work?
MAPFRE S.A. is offering Safety Insurance Group shareholders $105 per share in cash, creating a larger regional insurer while testing whether scale and synergies can justify a 44% acquisition premium.
HSBC’s $2.09bn Singapore insurance sale delivers a $1.8bn gain, but what does Allianz receive?
Allianz is buying HSBC Life Singapore for $2.09 billion while paying separately for 15 years of exclusive access to HSBC customers. The structure gives HSBC capital without surrendering the insurance sales channel, but Allianz now faces a demanding return hurdle.