British entrepreneur and businessman Michael Spencer is reportedly in negotiations to acquire controlling stake in insurance start-up Singapore Life. Spencer, who built and sold his …
ASR to buy insurer Loyalis for €450m
Dutch insurer ASR has agreed to acquire local peer Loyalis from pensions administrator APG in a deal worth €450m. Loyalis focuses on disability insurance, survivors’ …
Verisk to buy insurtech Rulebook for $87m
Verisk Analytics, a provider of data analytics servicers to property/casualty (P&C) insurers, has agreed to purchase UK-based insurtech Rulebook in a cash deal valued $87m. …
The Hartford acquires on-demand insurance firm Y-Risk
Property and casualty insurer The Hartford has acquired Y-Risk, a managing general underwriter, from Allstar Financial Group for an undisclosed sum. The takeover of Y-Risk, …
Arthur J. Gallagher bolsters Singapore, Indonesia presence with IBS stakes
US-based insurance broker Arthur J. Gallagher has taken the sole ownership of reinsurance broker IBS Re Singapore and also purchased a 40% stake in Indonesian …
Fairfax to offload additional stake in India’s ICICI Lombard General Insurance
Canada-based Fairfax Financial is reportedly planning to further dilute its shareholding in India’s ICICI Lombard General Insurance. Two sources familiar with the development told livemint.com …
Insurtech Element raises €23m for global expansion
Germany-based insurtech Element has raised €23m ($26m) in a Series A financing round as it looks to expand operations overseas. Besides existing shareholders finleap and …
AmTrust-Evergreen $2.7bn merger deal receives regulatory nod
AmTrust has secured all the regulatory approvals to conclude the $2.7bn merger with Evergreen Parent that will enable the American property and casualty insurer go …
Corvus raises $10m to foray into commercial lines
Corvus, a US-based insurtech firm, has raised $10m in Series A funding round led by .406 Ventures and Hudson Structured. The funding was also joined …
Scotiabank to sell insurance operations in Jamaica and Trinidad & Tobago
The Bank of Nova Scotia (Scotiabank) has decided to divest insurance operations in two Caribbean countries including Jamaica and Trinidad & Tobago to Sagicor Financial. …