M&A Deal Summary

AIG Acquires Glatfelter Insurance Group

On September 21, 2018, AIG acquired insurance company Glatfelter Insurance Group

Acquisition Highlights
  • This is AIG’s 15th transaction in the Insurance sector.
  • This is AIG’s 6th transaction in the United States.
  • This is AIG’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2018-09-21
Target Glatfelter Insurance Group
Sector Insurance
Buyer(s) AIG
Deal Type Add-on Acquisition
Advisor(s) BofA Securities (Financial)
Willkie Farr & Gallagher (Legal)

Target

Glatfelter Insurance Group

York, Pennsylvania, United States
Glatfelter Insurance Group is a full-service broker and insurance company providing services for specialty programs and retail operations. Glatfelter Insurance Group was founded in 1951 and is based in York, Pennsylvania.

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Buyer(S) 1

Buyer

AIG

New York, New York, United States
Category Company
Founded 1919
Sector Insurance
Employees25,000
Revenue 47.3B USD (2023)
DESCRIPTION

AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.

DEAL STATS #
Overall 16 of 16
Sector (Insurance) 15 of 15
Type (Add-on Acquisition) 9 of 9
State (Pennsylvania) 2 of 2
Country (United States) 6 of 6
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Fortitude Reinsurance

Pembroke, Bermuda

Fortitude Reinsurance is a multi-line reinsurance company with deep expertise in the management of closed blocks of insurance liabilities. Fortitude Re is a liability-led company complemented by sophisticated asset sourcing and asset-liability management expertise. Fortitude Reinsurance was founded in 2017 and is based in Pembroke, Bermuda.

Sell $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Crop Risk Services

Decatur, Illinois, United States

Crop Risk Services is a primary crop insurance general agent with 2022 gross written premiums of approximately $1.2 billion. Crop Risk Services is based in Decatur, Illinois.

Sell $240M
Mergr

Product

Company

Legal