Live Insurance News

Zurich Insurance Group makes $2.1 billion ANZ life insurance acquisition

December 14, 2017December 13, 2017 G. Turner

The Swiss insurer will solidify a more important spot within this sector of the global industry. Zurich Insurance Group has announced its acquisition of ANZ life insurance. The move will place the Swiss company in the top position within Australia’s retail life insurance marketplace. The acquisition was made for a reported $2.1 billion and will considerably increase its standing in Australia. Before the ANZ life insurance acquisition, Zurich had been holding the fifth spot within that marketplace. Now it will take an easy first. The Swiss insurance company stated that…

Zurich insurance company reveals a new tactic in $1 billion deal

December 22, 2015December 22, 2015 H. Cutner

The insurer that suffered striking losses last year and backed out of potential agreements has a new strategy. The Zurich insurance company has now come up with a new strategy to help to recover from a rough period throughout 2014 to 2015 and has revealed that it intends to spend over $1 billion in the purchase of an American agricultural insurer. This is a component of the insurer’s new strategy for acquisitions after having stepped back from RSA in the U.K. Earlier in December, the insurance company’s CEO chose to…

Anthem insurance company to purchase Cigna for $54 billion

July 27, 2015July 24, 2015 G. Turner

Cigna's Headquarters in Philadelphia insurance company

Massive acquisition to take place as one insurer purchases the other for cash and stock. It was recently announced that Anthem will be buying the Cigna insurance company for a tremendous buyout of $54 billion in cash and stock, making this the latest huge purchase by the insurer. The buyout is for 55 percent cash in addition to the remaining 45 percent in stock. Anthem has agreed to purchase each Cigna share for $188. The combined insurance company will be serving an estimated 53 million plan members. This new acquisition…

Largest health insurance acquisition ever of Humana by Aetna

July 6, 2015July 4, 2015 G. Turner

This is the largest deal that the industry in the company has ever experienced, as the rivals combine. American health insurance company, Aetna Inc. has now announced that it will be purchasing its smaller competitor, as it enters into the largest industry deal that the country has ever seen. The purchase is being made for approximately $37 billion in cash and stock, according to initial reports. Once these two health insurance companies are joined, it will bring Aetna considerably closer to the second place position that is currently held by…

Insurance industry in N.A. sees Canadian insurer sold to American company

June 12, 2013June 11, 2013 Julie Campbell

Travelers has announced that it will be making the purchase for $1.25 billion in cash. The North American insurance industry has seen another major acquisition as an American insurer, Travelers Companies Inc. has just revealed that it is making a purchase of the Dominion of Canada General Insurance Co. This purchase is being made for a total investment of $1.125 billion to buy the company outright. The acquisition is being made as a part of the attempt Travelers would like to make to expand its presence in the Canadian insurance…

Insurance news from Sun Life announces joint purchase of Malaysian business

January 19, 2013April 30, 2013

The financial giant will join with Khazanah for Aviva’s Malaysia business. Sun Life Financial Inc., a Canadian company, and Khazanah, a Malaysian state investor, are making insurance news by joining forces to purchase the Malaysia business of Aviva Plc., the second largest insurer in the United Kingdom, and from lender CIMB Group. This deal would considerably expand the Southeast Asia business of the third largest insurer in Canada. Southeast Asia is making regular insurance news, lately, as its appeal continues to rise for insurers who are watching its high savings…

United Insurance acquires policies from Citizens

January 12, 2013January 12, 2013 Marc

Florida’s Citizens bequeaths policies to United Insurance Florida’s Citizens Properly Insurance has been working to depopulate itself of the vast majority of its policies in recent months. The insurer, which is run by the state, is being pressured by lawmakers to address many of the issues that have pushed it to the verge of financial disaster. This pressure has led Citizens to take measures to shed policies, such as raising rates on coverage. This week, United Insurance has announced that it has assumed a significant number of these policies. United…