M&A Deal Summary |
|
---|---|
Date | 2021-07-19 |
Target | AmGeneral Insurance |
Sector | Insurance |
Buyer(s) | Liberty Mutual Group |
Sellers(s) |
Ammb Holdings
IAG |
Deal Type | Divestiture |
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Category | Company |
---|---|
Founded | 1912 |
Sector | Insurance |
Employees | 50,000 |
Liberty Mutual Group is an insurance company. Liberty offers a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. Liberty Mutual was formed in 1912 and is based in Boston, Massachusetts.
DEAL STATS | # |
---|---|
Overall | 11 of 11 |
Sector (Insurance) | 11 of 11 |
Type (Divestiture) | 5 of 5 |
Country (Malaysia) | 1 of 1 |
Year (2021) | 2 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-07-12 |
State Auto Financial
Columbus, Ohio, United States State Auto Financial is a regional property and casualty insurance holding company that markets its insurance products throughout the United States, through independent insurance agencies, which include retail agencies and wholesale brokers. State Auto Financial was founded in 1990 and is based in Columbus, Ohio. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2024-01-31 |
Liberty Seguros
Madrid, Spain Liberty Seguros is a provider of non-life insurance and reinsurance products and services. Liberty Seguros was founded in 1966 and is based in Madrid, Spain. |
Sell | - |
Category | Company |
---|---|
Sector | Financial Services |
Revenue | 5.1B MYR (2022) |
Ammb Holdings is one of Malaysia’s premier financial services group with leadership positions in the retail banking, commercial banking, investment banking and insurance sectors. With an established history and a track record of customer focus and innovation, the AmBank Group continues to serve its customers with a wide range of innovative products and services. The Ammb Holdings is based in Kuala Lumpur, Malaysia.
DEAL STATS | # |
---|---|
Overall | 2 of 2 |
Sector (Insurance) | 2 of 2 |
Type (Divestiture) | 1 of 1 |
Country (Malaysia) | 2 of 2 |
Year (2021) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2013-12-19 |
AmLife Insurance Bhd
Kuala Lumpur, Malaysia AmLife Insurance Bhd provides insurance services. |
Sell | $256M |
IAG is the parent company of a general insurance group with controlled operations in Australia, New Zealand, Thailand and Vietnam, employing over 13,500 people. Insurance Australia Group was founded in 1920 and is based in Sydney, Australia.
DEAL STATS | # |
---|---|
Overall | 2 of 2 |
Sector (Insurance) | 2 of 2 |
Type (Divestiture) | 2 of 2 |
Country (Malaysia) | 1 of 1 |
Year (2021) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2013-12-16 |
Wesfarmers - Insurance Underwriting Business
Australia Wesfarmers Insurance Underwriting include Lumley and WFI in Australia and New Zealand along with a 10 year distribution agreement for Coles insurance. |
Buy | AU$1.8B |