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QBE said it was not in discussions with Allianz or any other potential buyer after German media reported that the Munich group had made an informal bid
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The Ontario Municipal Employees Retirement System (Omers) will take a 21 percent stake in Allied World after agreeing to put $1bn towards Fairfax Financial's acquisition of the insurer
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Italian bank Intesa Sanpaolo has confirmed it is considering making a bid for Generali as part of its growth plans in the savings, banking and insurance industries.
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Generali's shares rose more than 8 percent in trading today after the insurer disclosed a new EUR1.2bn ($1.29bn) investment that gave credence to M&A speculation surrounding the carrier.
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Aon is reportedly close to announcing a sale of part of the Hewitt business it acquired in 2009
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Canadian pension fund giant the Ontario Municipal Employees Retirement System (Omers) is in talks with Fairfax Financial to help fund the latter's takeover of Allied World, according to Bloomberg
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Elliott Management has closed its previously announced acquisition of a controlling interest in ILS manager Aeolus, the companies announced.
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Allied World's investment portfolio will transfer to Fairfax when its $4.85bn sale to the Canadian company closes next year, but this will cover only one aspect of its partnership with Bermudian ILS manager Aeolus.
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M&A activity among smaller Floridian insurers is expected to increase after a challenging year for the local market, as Elements Property Insurance Company (Epic) has been put up for sale, sources said.
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Fairfax Financial Holdings has agreed to buy Allied World Assurance in a $4.9bn cash and equity deal.
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Apollo-backed life and annuities reinsurer Athene Holding is set to raise $1.08bn from its New York initial public offering (IPO) after pricing shares in the middle of a previously announced range
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Liberty Mutual has agreed to buy specialty insurer Ironshore from Fosun in a deal that values the company at around $3bn or 1.45x tangible book value.