M&A Deal Summary |
|
---|---|
Date | 2017-04-13 |
Target | Cover-More |
Sector | Insurance |
Buyer(s) | Zurich Insurance |
Deal Type | Add-on Acquisition |
Deal Value | 722M AUD |
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Category | Company |
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Founded | 1872 |
Sector | Insurance |
Employees | 60,000 |
Revenue | 70.0B USD (2023) |
Zurich Insurance 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. The Company was formed in 1872 and is based in Zurich, Switzerland.
DEAL STATS | # |
---|---|
Overall | 6 of 10 |
Sector (Insurance) | 5 of 5 |
Type (Add-on Acquisition) | 4 of 7 |
Country (Australia) | 1 of 1 |
Year (2017) | 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 | - |