All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Beazley turns down Zurich’s $10.2bn buyout bid, citing undervaluation
According to Beazley, the improved offer still falls short of a previous bid made by Zurich in June last year, which was also turned down.
Latham & Watkins and Kirkland & Ellis lead 2025 global M&A legal rankings
As per GlobalData’s Financial Deals Database, Latham & Watkins led by value with advisory on deals valued at $740.4bn.
Travelers logs 20% growth in Q4 profit
The company attributed the growth to underwriting gains, reduced catastrophe losses and “favourable” prior-year reserve development.
Zurich plans Lloyd’s syndicate as backstop for Beazley deal
The company is finalising plans for a new syndicate, which would help it use private capital to underwrite risks at Lloyd’s.
US insurtech company Ethos begins IPO roadshow, seeks up to $1.3bn valuation
The US-based insurer and its shareholders intend to raise up to $210.5m by offering approximately 10.5 million shares.
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SCOR, AXA form Lloyd’s consortium for ecological restoration
The initiative seeks to unlock funding for ecological restoration projects by de-risking investments.
Toscafund weighs sale of Portuguese insurer Caravela
Toscafund, holding a 48% stake in Caravela, has appointed Mediobanca to advise on the possible sale.
Zurich sweetens bid for speciality insurer Beazley to $10.2bn
Under the revised proposal, Beazley shareholders would be entitled to receive 1,280p (£12.80) in cash per Beazley share.
AIG and CVC form investment partnership
The move involves the creation of substantial SMAs, operating under CVC’s credit investment strategies.
ERGO NEXT enters multi-year deal with Inter Miami as insurance partner
This is both ERGO’s first trans-Atlantic sports partnership and its first involvement in a training apparel deal.