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M&A
GP consolidation, insurance deals drive rise in financial services M&A
January 30, 2025The financial services sector saw its best M&A year since 2021, with significant activity in insurance and asset manager acquisitions fueling deal growth.Article
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Featured
As LA wildfires rage, PE-backed insurers start to count the costs
January 10, 2025The still-burning fires in Los Angeles could create challenges for insurers who provide coverage to homeowners in the affected area.Article
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Insurance
Nippon Life in talks to acquire Resolution Life for $8.2B
December 10, 2024The deal, poised to be Japan’s largest insurance transaction, highlights a bold outbound move, as nondomestic PE investors also seek targets in Japan.Article
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Private Equity
Warburg, Temasek snag SRG in $1.3B insurance deal
May 21, 2024Warburg Pincus and Singapore’s Temasek have picked up Specialist Risk Group in Europe’s biggest insurance deal this year.Article
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Lending
AllianceBernstein launches NAV lending initiative
December 4, 2023AllianceBernstein unveiled its new NAV lending business with a $500 million anchor investment from its insurance parent, Equitable Holdings.Article
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Insurance
KKR ramps up insurance bets in fundraising dry spell
November 28, 2023KKR has announced one of PE’s largest insurance bets this year, a $2.7 billion agreement to increase its stake in life insurer Global Atlantic.Article
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Private Equity
Perpetual capital fuels largest PE managers’ growth
September 12, 2023Some big-name private fund managers fueled their asset and revenue growth by tapping into perpetual capital while fundraising hit a speed bump.Article
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Insurance
Warburg Pincus’ latest bet on insurance uses its own capital
September 11, 2023Warburg Pincus ups its bet on the insurance industry through a new collaboration with US insurance behemoth Prudential Financial.Article
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Insurance
Fortress Investment Group makes insurance market play with Nassau stake
September 4, 2023Fortress Investment Group, the Mubadala-owned private investment manager, has formed its first partnership with an insurance company.Article
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Insurance
Cinven closes first financial services fund amid PE sector consolidation
July 10, 2022Cinven has closed its first dedicated financial services fund with more than $1.5 billion, as private equity’s appetite for the sector—particularly its insurance business—intensifies.Article
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BlackRock
BlackRock seeking to manage up to $150B in AIG assets
March 27, 2022In its latest partnership with private equity, insurance specialist American International Group has agreed to let BlackRock oversee up to $150 billion of its assets.Article
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Cybersecurity
Cowbell Cyber raises $100M as investors catch cyber insurance wave
March 14, 2022As more small and medium-sized businesses turn to standalone cyber coverage amid costly ransomware and digital attacks, investors are placing bigger bets on cyber insurance startups.Article
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Insurance
UK insurer RSA in £7.2B takeover talks with foreign suitors
November 5, 2020Intact Financial and Tryg have made a joint bid for 300-year-old insurer RSA in 2020’s largest takeover approach of a UK-listed company.Article
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IPO
Lemonade doubles value in trading debut
July 1, 2020Online insurance provider Lemonade’s NYSE debut Thursday marked a 139% pop in its stock and a twofold increase in its market cap.Article
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Add-ons
Abry Partners rides wave of add-ons toward a $1B insurance exit
October 15, 2019So far in 2019, US private equity firms are conducting more add-ons than ever before. For Abry Partners and The Hilb Group, the trend could help lead to a 10-figure windfall.Article
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Insurance
Next Insurance secures $250M, clears $1B valuation
October 6, 2019Small business insurance provider Next Insurance has raised a $250 million Series C with a $1 billion-plus valuation led by Germany’s Munich Re.Article
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IPO
Swiss Re drops £3.3B ReAssure IPO
July 10, 2019Swiss Re has canceled ReAssure’s IPO over weak investor demand, joining the list of public offerings struggling post-Brexit.Article
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Healthcare
Centene inks $17.3B insurance deal amid growing uncertainty in healthcare
March 26, 2019Centene has agreed to buy rival WellCare Health Plans, but the deal comes amid increasing regulatory scrutiny over antitrust concerns in the industry.Article
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