Law 360 M&A

APRIL 29, 2024

asked a Michigan federal court to allow it to join a coverage dispute against its excess insured OpenText, maintaining that the software company's primary insurer will soon reach its limits of paying defense costs in the underlying class action over OpenText's merger with Covisint. Allied World National Assurance Co.

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Harvard Corporate Governance

SEPTEMBER 16, 2022

Whether they are new executive leaders or longtime members of a corporate board, directors and officers should be considering two prongs of protection—a robust insurance program and a tailored indemnification agreement. This post is based on their Cooley memorandum.

Marketability 219

Marketability 219

Law 360 M&A

APRIL 10, 2024

Former executives of a holding company that bought now-defunct for-profit colleges Argosy University, South University and The Art Institutes asked an Ohio federal court to force excess insurers to settle receivership claims before the pair are formally accused of leaving a $336 million debt in their wake.

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Law 360 M&A

MAY 2, 2024

is calling for antitrust enforcers to investigate concerns that MultiPlan and other healthcare data companies are hurting competition by helping health insurers effectively collude when making pricing decisions. Amy Kolbuchar, D-Minn.,

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Mckinsey and Company

JANUARY 8, 2024

Fundamental shifts in the insurance industry are accelerating changes in the distribution landscape. How can insurers position themselves for the next wave of growth?

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Law 360 M&A

FEBRUARY 23, 2024

Kirkland & Ellis LLP has added a corporate partner in its insurance transactions and regulatory and financial institutions practice groups, bringing on a former Sidley Austin LLP attorney who said he "couldn't be more excited" to join the firm's Chicago office.

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Mckinsey and Company

APRIL 4, 2024

Will mobility insurance see a meteoric transformation? Technology disruptions are reshaping mobility solutions.

Technology 77

Technology 77

Peak Business Valuation

DECEMBER 19, 2023

Insurance agencies generally sell insurance policies as well as annuities. IBIS World notes that the insurance industry has seen healthy growth over the past several years. As such, it may be a good time to buy , expand , or sell an insurance agency. To succeed, it is beneficial to learn how to value an insurance agency.

Discounted Cash Flow 52

Discounted Cash Flow Business Valuation Appraisal Fair Market Value 52

Benchmark Report

NOVEMBER 21, 2023

Maverick Truck Insurance was established in Arlington, Texas, in 1994. Since its inception, Maverick Truck Insurance has stood behind its principles of offering the best possible coverage at competitive prices.

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Law 360 M&A

APRIL 15, 2024

French banking giant BNP Paribas said Monday that its insurance subsidiary has agreed to acquire a 9% stake in Belgian multinational insurer Ageas for approximately €730 million ($777 million) from Chinese conglomerate Fosun Group.

Banking 52

Banking 52

John Jenkins

MARCH 12, 2024

We’ve blogged quite a bit over the years about Rep & Warranty Insurance, but that’s not the only type of transaction insurance available for buyers or sellers looking to lay-off some of the risk associated with their deals.

Marketability 45

Marketability 45

Law 360 M&A

APRIL 18, 2024

Private equity-backed insurance broker Jensten Group said Thursday it has secured £170 million ($211 million) in funding for a series of planned acquisitions.

Equity 52

Equity 52

Mckinsey and Company

SEPTEMBER 22, 2023

Latin America’s insurance market is booming—both in premium growth and complexity. The opportunities available to global, regional, and local insurers are immense.

Marketability 79

Marketability 79

Benzinga

JANUARY 4, 2024

04, 2024 (GLOBE NEWSWIRE) -- Westland Insurance today announced that it acquired Dyberg Insurance Inc. and Prairie Villa Insurance, effective January 1. Prairie Villa Insurance has roots going back to 1973 in Northern Alberta, now with three longstanding offices located across the Peace Country.

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Business Wire M&A

MAY 22, 2023

COLUMBUS, Ohio y NEW ORLEANS--(BUSINESS WIRE)--Encova Mutual Insurance Group (“Encova Insurance”) y Pan American Life Insurance Company (“PALIC”) anunciaron que Encova Life Insurance Company (“Encova Life”), una empresa afiliada de Encova Mutual Insurance Group, será adquirida y se fusionará con PALIC.

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LaPorte

AUGUST 24, 2023

(authored by RSM US LLP) Health care organizations that fail to continuously monitor their cyber insurance coverage become at risk due to escalating security challenges. The post The value of cyber insurance for health care providers first appeared on LaPorte.

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Mckinsey and Company

SEPTEMBER 21, 2023

Our latest survey of North American insurance customers offers insight into the challenges—and the value—of delivering a winning customer experience in insurance.

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Mckinsey and Company

JULY 25, 2023

New insurance business ideas can have an outsize impact on enterprise value, but many insurers struggle to build and scale them. A new approach can help improve their success rate.

Enterprise Value 75

Enterprise Value 75

Business Wire M&A

MAY 22, 2023

COLUMBUS, Ohio & NEW ORLEANS--(BUSINESS WIRE)--Encova Mutual Insurance Group (“Encova Insurance”) and Pan American Life Insurance Company (“PALIC”) announced today that Encova Life Insurance Company (“Encova Life”), an affiliate of the Encova Mutual Insurance Group, will be acquired by and merged into PALIC. “We

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Benzinga

DECEMBER 5, 2023

05, 2023 (GLOBE NEWSWIRE) -- World Insurance Associates LLC ("World"), a Top 50 Insurance Brokerage, announced today that it acquired the business of American Trust Insurance, LLC ("ATI") of Huron, SD on December 1, 2023. It's great to join World Insurance," says Preston Steele, Principal, American Trust Insurance. "We

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Benzinga

DECEMBER 7, 2023

07, 2023 (GLOBE NEWSWIRE) -- World Insurance Associates LLC ("World"), a Top 50 Insurance Brokerage, announced today that it acquired the business of Foy Insurance Group ("Foy") of Exeter, New Hampshire on December 1, 2023. Today they are one of New England's largest insurance agencies, with offices in three states.

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Law 360 M&A

FEBRUARY 20, 2024

said Tuesday it has agreed to sell its remaining stake in subsidiary Truist Insurance Holdings to an investor group led by private equity firms Stone Point Capital and Clayton Dubilier & Rice, in an all-cash transaction that gives the insurance brokerage an enterprise value of $15.5 Truist Financial Corp.

Private Equity Firm 52

Private Equity Firm Enterprise Value Equity 52

Peak Business Valuation

AUGUST 15, 2023

Insurance brokerages play an important role in the United State’s economy. These businesses sell insurance policies and annuities to businesses, individuals, and the government. According to IBIS World , there are over 410,000 insurance brokerages in the United States. This industry has retained steady demand for several years.

Discounted Cash Flow 52

Discounted Cash Flow Business Valuation Appraisal EBITDA 52

ThomsonReuters

JULY 15, 2021

A participant in a union- and employer-sponsored self-insured group health plan was injured in an accident and sued the other parties involved. The participant argued that the right asserted by the plan administrator (an “equitable lien”) was unenforceable under state insurance law. Board of Trustees, 2021 WL 2190906 (D.

Compliance 98

Compliance 98

ISA

APRIL 19, 2024

One question you should ask yourself is “am I properly insured if something catastrophic happens?” ” Insurance companies often require an appraisal before providing coverage for fine art and jewelry. It’s also a good time to take inventory while you do your spring cleaning.

Appraisal 52

Appraisal Marketability 52

Peak Business Valuation

APRIL 16, 2023

Insurance provides financial security and peace of mind for consumers. As such, there will always be a demand for insurance. Over the past several years, the insurance industry has experienced steady profit growth. This is due to increased premiums for P&C insurance as well as improved economic conditions.

Business Valuation 52

Business Valuation Appraisal Fair Market Value EBITDA 52

Mckinsey and Company

DECEMBER 21, 2022

Leaders in McKinsey’s insurance practice discuss industry trends and how companies can be successful by rethinking the life insurance model.

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Mckinsey and Company

MAY 3, 2023

AI’s potential for competitive advantages remains largely unrealized in the Asian insurance industry. There is a framework for success: invest in AI not discretely but across the value chain.

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Auto Dealer Valuation Insights

FEBRUARY 7, 2024

For companies using life insurance as a funding mechanism for shareholder buyouts, the treatment of life insurance proceeds in determining the buyout price is always a thorny issue.

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Benzinga

OCTOBER 11, 2023

11, 2023 (GLOBE NEWSWIRE) -- World Insurance Associates LLC ("World"), a Top 50 Insurance Brokerage, announced today that it acquired the business of Oakwood Insurance Agency, LLC ("Oakwood") dba Insure Big Rig of Califon, NJ on October 1, 2023. Iselin, NJ, Oct. Terms of the transaction were not disclosed.

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Mckinsey and Company

NOVEMBER 16, 2022

The global life insurance industry is facing an inflection point. A fundamental reimagination will usher in significant change.

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Benzinga

AUGUST 3, 2023

03, 2023 (GLOBE NEWSWIRE) -- Westland Insurance, Canada's leading independently-owned insurance brokerage, today announced that it acquired two P&C brokerages: Hubbard Insurance Group and Assurance B. Belliveau Insurance Inc.

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Law 360 M&A

APRIL 3, 2024

OpenText belongs in a dispute over coverage for a class action alleging Covisint's shareholders got a bad deal when it merged with OpenText in 2017, Covisint's insurer told a Michigan federal judge, arguing OpenText has a vested interest because it may have indemnification obligations if no coverage exists.

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Peak Business Valuation

JUNE 11, 2023

Owning an insurance agency can be a lucrative adventure. Demand for insurance is expected to steadily grow in the coming years. This makes it a great time to grow , sell , or buy an insurance agency. Knowing how to finance an insurance agency can be difficult. There are many options for SBA loans for an insurance agency.

Finance 52

Finance Business Valuation Start-ups Appraisal 52

Law 360 M&A

MARCH 13, 2024

British insurer Direct Line on Wednesday said it had rejected an improved £3.2 billion ($4.1 billion) offer from Belgian rival Ageas because it still "significantly undervalues" the group.

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Peak Business Valuation

JUNE 6, 2023

The insurance agency and brokerage industry comprises companies that sell insurance policies and annuities. In addition, demand for insurance agencies remains steady. As the economy improves and premiums increase, the insurance agency and brokerage industry will continue to grow. See also Valuing an Insurance Agency.

Business Valuation 52

Business Valuation EBITDA Fair Market Value Appraisal 52

Mckinsey and Company

APRIL 11, 2023

This represents an outsize year for insurer and enrollment growth. More than 3.6 million new consumers entering the market are choosing among an average of 88 plans.

Marketability 81

Marketability 81