M&A Deal Summary |
|
|---|---|
| Date | 2015-12-18 |
| Target | Rural Community Insurance Services |
| Sector | Insurance |
| Buyer(s) | Zurich Insurance |
| Sellers(s) | Wells Fargo |
| Deal Type | Divestiture |
| Deal Value | 1.1B USD |
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| Category | Company |
|---|---|
| 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 | 5 of 10 |
| Sector (Insurance) | 4 of 5 |
| Type (Divestiture) | 1 of 2 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 1 of 4 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-06-20 |
Malaysian Assurance Alliance Berhad
Kuala Lumpur, Malaysia Zurich Insurance Malaysia Berhad underwrites life insurance and general insurance products in Malaysia. |
Buy | $115M |
| 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 |
| Category | Company |
|---|---|
| Founded | 1852 |
| Sector | Financial Services |
| Employees | 222,544 |
| Revenue | 82.6B USD (2023) |
Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. Wells Fargo provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 15 |
| Sector (Insurance) | 2 of 4 |
| Type (Divestiture) | 5 of 14 |
| State (Minnesota) | 2 of 3 |
| Country (United States) | 4 of 10 |
| Year (2015) | 3 of 3 |
| Size (of disclosed) | 3 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-18 |
Rural Community Insurance Agency
Anoka, Minnesota, United States Rural Community Insurance Agency, Inc. is a provider of federal crop insurance programs including multi-peril (“MPCI”) and other private crop insurance products. |
Sell | $675M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-05 |
RELS
RELS LLC is a provider of real estate asset valuation and appraisal solutions. |
Sell | - |
