M&A Deal Summary |
|
|---|---|
| Date | 2016-11-04 |
| Target | Zurich Assurances Maroc S.A. |
| Sector | Insurance |
| Buyer(s) | Allianz |
| Sellers(s) | Zurich |
| Deal Type | Divestiture |
| Deal Value | 244M EUR |
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Allianz is a provider of insurance and fund products to over 86 million customers in more than 70 countries. Company retail and corporate clients enjoy an extensive product selection in all insurance business lines, designed to protect them against any risks. Company are one of the leading property and casualty insurers and are among the top five companies in life and health insurance. Allianz was founded in 1890 and is based in Munich, Germany.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 8 |
| Sector: Insurance M&A | 3 of 5 |
| Type: Divestiture M&A Deals | 4 of 5 |
| Country: Morocco M&A | 1 of 1 |
| Year: 2016 M&A | 3 of 4 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-06 |
Allianz Life Insurance Co.
Seoul, South Korea Allianz Life Insurance Co., Ltd. is a provider of life, variable life, annuity, health, stock index linked, and group accident insurance products, as well as pension products. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-15 |
Gas Connect Austria
Vienna, Austria Gas Connect Austria GmbH operates an approximately 900 km long natural gas high-pressure pipeline grid in Austria and markets transportation capacity to meet domestic natural gas demand and support export to Europe. |
Buy | - |
Zurich is a multi-line insurer that serves its customers in global and local markets. Zurich provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. Zurich was formed in 1872 and is based in Zurich, Switzerland.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 7 |
| Sector: Insurance M&A | 2 of 4 |
| Type: Divestiture M&A Deals | 3 of 7 |
| Country: Morocco M&A | 1 of 1 |
| Year: 2016 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-18 |
Rural Community Insurance Services
Anoka, Minnesota, United States Rural Community Insurance Services is a provider of agricultural insurance. |
Buy | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-13 |
Cover-More
North Sydney, Australia Cover-More, Inc. is a global specialist and integrated travel insurance, medical assistance, and employee assistance provider. Cover-More has strong market positions in Australia, India and the USA where the group owns Travelex Insurance Services. In addition, Cover-More has a presence in China, Indonesia, Malaysia, New Zealand, and the United Kingdom. Cover-More has diversified distribution across retail travel, aviation, financial institutions and direct which is underpinned by optimization technology. |
Buy | AU$722M |
