Paying for Premiums: Tokio Marine purchases Pure Group in $3.1bn deal

Tokio Marine Holdings Inc [TKOMY: TYO] – Market Cap as of 18/10/2019: $36.95bn (¥4.05tn) Introduction Tokio Marine, Japan’s largest non-life insurance company, has agreed to acquire Pure Group: a US-based insurance group majority-owned by private equity players KKR and Stone Point. The deal, valuing Pure Group at $3.1bn, is expected to be funded by a […]

The age of risk has just begun and Marsh & McLennan quickly cements its position in the market acquiring Jardine Lloyd Thompson for $5.6bn

Marsh & McLennan Companies [MMC:NYSE] – Market Cap 42,252bn Jardine Lloyd Thompson plc [JLT.T:LSE] – Market Cap 4,025bn Introduction  On September 18, 2018, the New-York-based conglomerate Marsh & McLennan Companies Inc. (“MMC”), a global leader in the fields of risk, strategy and people, acquired the lower-scaled UK rival Jardine Lloyd Thompson plc (“JLT”), a specialized […]

The end of offshore insurers’ loopholes: Axa to acquire XL Group for $15bn in cash

XL Group Ltd (NYSE:XL) – market cap as of 09/03/2018: $14.4bn Axa SA (EPA:CS) – market cap as of 09/03/2018: €54.5bn Introduction On the March 5, 2018, the French insurer Axa announced its intention to buy 100% of Bermuda-based XL Group, which also operates in the insurance industry, for $57.6/share. The implied valuation of Bermuda’s […]

Citigroups’s path towards a leaner business model

Citigroup Inc.; Market Cap (as of 06/03/2015): $160.98bn Springleaf Holdings Inc.; Market Cap (as of 06/03/2015): $5.58bn Introduction On March 3, 2015, Springleaf Holdings, Inc. (NYSE:LEAF), a leading personal finance company focused on consumer lending, credit insurance and other credit relating products, entered into a definitive agreement with Citigroup Inc. (NYSE:C) to purchase its wholly-owned […]

Citigroups’s path towards a leaner business model

Citigroup Inc.; Market Cap (as of 06/03/2015): $160.98bn Springleaf Holdings Inc.; Market Cap (as of 06/03/2015): $5.58bn Introduction On March 3, 2014, Springleaf Holdings, Inc. (NYSE:LEAF), a leading personal finance company focused on consumer lending, credit insurance and other credit relating products, entered into a definitive agreement with Citigroup Inc. (NYSE:C) to purchase its wholly-owned […]

M&A activity back in the Insurance sector: Aviva to acquire Friends Life

Aviva plc; market cap (as of 27/11/2014 ): £14.96bn Friends Life Group; market cap (as of 27/11/2014): £5.21bn Introduction On November 24, Aviva plc, a multinational insurance company headquartered in London, reached a preliminary agreement to acquire its British rival Friends Life Group, the 5th largest life and pensions company in the UK by market […]