M&A

The limits of the mega deal for the public players has been tested, but there is scope for some of the bigger private players to merge.

American National CEO Jim Pozzi said the acquisition would be an “energizing moment” in the carrier’s history.

Corvus said that the deal was a key milestone in the company’s growth.

Climate risk is "everybody’s issue", said Rob Fauber, president and CEO of the ratings giant.

Acquisitive Hub International buys Hiles-McLeod of Pensacola in second deal announced in a week.

Moody’s expects RMS, which had about $320mn in revenue around $55mn in operating income last year, to become accretive to earnings by 2025.

Acquisitive broker IMA Financial has closed six deals in 2021 and 15 over the last year.

The transaction generated a $3bn war chest, much of which AFG has already distributed to shareholders.

Jonathan Ritz takes over as CEO, alongside a slew of other board appointments.

The deal marks the second actuarial services acquisition for Risk Strategies after its United Health Actuarial buyout in 2019.

Shares in the newly listed InsurTech were up just more than 1% on the day to $9.90 a share, but below the original $10 listing price of its merger partner, Reinvent Technology Partners Z.

The Willis Towers Watson CEO also confirmed the broker will not pay out bonuses contingent on the Aon merger.