BRUSSELS: Belgian insurer Ageas will acquire the remaining 25% stake in its domestic subsidiary AG Insurance from BNP Paribas Fortis for 1.9 billion euros ($2.04 billion), taking full ownership of the market leader and raising its strategic financial targets. The deal, expected to close in the second quarter of 2026 pending regulatory approvals, accelerates Ageas’s…
LONDON – B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, has made an investment in Sodalis Capital Limited, a newly formed insurance intermediary group focusing on UK and international underwriting, wholesale broking and related services. B.P. Marsh has invested £5,337,333 for Cumulative Preferred Shares representing approximately 26.67% of…
NEW YORK – Specialty insurer Palomar Holdings Inc said on Tuesday it has agreed to acquire The Gray Casualty & Surety Company from private equity firm Bernhard Capital Partners in a cash deal valued at $300 million. The acquisition, approved by both companies’ boards, is expected to close in the first half of 2026, pending regulatory…
LONDON: British venture capital firm B.P. Marsh & Partners Plc (BPM.L) said on Tuesday it has agreed to sell its entire 28.2% stake in Canadian insurer Stewart Specialty Risk Underwriting Ltd. (SSRU) to Ryan Specialty Holdings Inc (RYAN.N) for a cash consideration that could reach up to 62 million Canadian dollars (£33.2 million). The initial…
SYDNEY – Australian insurance intermediary AUB Group Ltd said on Wednesday it has received an unsolicited, non-binding proposal from private equity firm EQT to acquire the entire company for A$45.00 per share in cash. The indicative offer from EQT’s affiliated entity, Arbutus Pte. Ltd, values the ASX-200 listed company at a significant premium and follows…
NEW YORK: Ambac Financial Group Inc (AMBC.N) said on Tuesday it has agreed to acquire supplemental health insurance program manager ArmadaCare from SiriusPoint Ltd (SPNT.N) for $250 million in a move to diversify its distribution business. The acquisition will accelerate the growth of Ambac’s distribution platform and strengthen its presence in the specialty insurance market,…
LONDON: CPP Group Plc (CPP.L) said on Tuesday it was reorganising its leadership and implementing significant cost reductions, including the closure of its Leeds office, to align its structure with its refocused business strategy. The announcement, made ahead of interim results due on Sept. 29, follows the completion of a change programme and the recent…
Company reported a net profit of €606 million for the first half of 2025 THE HAGUE: Aegon N.V. reported a net profit of €606 million for the first half of 2025, reversing a €65 million loss in the same period last year, as the Dutch insurer posted strong operating results and announced a strategic review…
Company posted a profit before tax of $502.5 million for the first half of 2025, a 31% decrease LONDON: Beazley plc, the specialist insurance company, announced Wednesday a profit before tax of $502.5 million for the first half of 2025, a 31% decrease from the $728.9 million reported in the same period last year. The…
OMAHA: Berkshire Hathaway reported a slight decline in second-quarter operating earnings Saturday, as Warren Buffett’s conglomerate flagged growing risks from escalating U.S. tariffs. Operating profit from the company’s core businesses — including insurance, railroads, energy and retail — fell 4% year-over-year to $11.16 billion. The dip was largely driven by weaker insurance underwriting, though other…
LONDON: MONY Group plc delivered resilient interim results for the six months ended 30 June 2025, with CEO Peter Duffy citing strategic momentum and platform agility as key drivers amid macroeconomic pressure in select verticals. Group revenue edged up 1% year-over-year to £225.3 million, while adjusted EBITDA rose 2% to £75.1 million, supported by cost…
LONDON, UK: Aviva Plc, the UK’s largest insurer, announced its 2023 annual results on Thursday, showing a 9% increase in group operating profit to £1,467m and a 12% increase in solvency II operating own funds generation to £1,729m. The company also declared a final dividend of 22.3 pence per share, up 8% from the previous…