M&A Deal Summary |
|
|---|---|
| Date | 2017-04-13 |
| Target | Cover-More |
| Sector | Insurance |
| Buyer(s) | Zurich |
| Deal Type | Add-on Acquisition |
| Deal Value | 722M AUD |
SEARCH BY
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 | 6 of 11 |
| Sector: Insurance M&A | 5 of 6 |
| Type: Add-on Acquisition M&A Deals | 4 of 8 |
| Country: Australia M&A | 1 of 1 |
| Year: 2017 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-04 |
Zurich Assurances Maroc S.A.
Casablanca, Morocco Zurich Assurances Maroc is one of the largest insurance companies in Morocco, currently ranking at number 7 in the property and casualty market and serving more than 600,000 customers. In 2015, Zurich Assurances Maroc generated 114 million euros in gross premiums written. The company also has a license for life and health insurance products, which Allianz plans to utilize. |
Sell | €244M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-12 |
Zurich Insurance Group - Workplace Pensions & Savings Business
United Kingdom Zurich Insurance Group Ltd. - Workplace Pensions & Savings Business offering and broadens its participation in the financial planning and retirement segment whilst delivering a modern, flexible workplace savings platform. |
Sell | - |
