United States Archives - InsuranceAsia News https://insuranceasianews.com/country/united-states/ Mon, 08 Dec 2025 03:05:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Mitsui Sumitomo to get WR Berkley board seat after 12.5% stake acquisition https://insuranceasianews.com/mitsui-sumitomo-to-get-wr-berkley-board-seat-after-12-5-stake-acquisition/ Mon, 08 Dec 2025 03:05:18 +0000 https://insuranceasianews.com/?p=206296 Following the US$3bn share buy, Japanese carrier is likely to nominate a board member by March, as per an earlier agreement.

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Japanese carrier  Mitsui Sumitomo Insurance (MSI) is likely to get a seat on the board of WR Berkley following its acquisition of a 12.5% stake in the US insurer, as per the terms of an agreement with...

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The post Mitsui Sumitomo to get WR Berkley board seat after 12.5% stake acquisition appeared first on InsuranceAsia News.

]]> Tiptree shareholders approve US$1.65bn Fortegra sale to South Korea’s DB Insurance https://insuranceasianews.com/tiptree-shareholders-approve-us1-65bn-fortegra-sale-to-south-koreas-db-insurance/ Thu, 04 Dec 2025 07:15:38 +0000 https://insuranceasianews.com/?p=206092 All-cash deal was approved at a special meeting on Wednesday. 

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Tiptree shareholders have approved the sale of US specialty insurer Fortegra to South Korea's DB Insurance, according to a press release.
The all-cash deal, reported to be around US$1.65 billion, was ...

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]]> Proxy advisory firms split over DB Insurance’s Fortegra acquisition https://insuranceasianews.com/proxy-advisory-firms-split-over-db-insurances-fortegra-acquisition/ Tue, 25 Nov 2025 03:37:16 +0000 https://insuranceasianews.com/?p=205301 Glass Lewis and Egan-Jones urge Tiptree shareholders to vote against the deal, while Institutional Shareholder Services has recommended that investors approve the acquisition during next month's vote.

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Proxy advisory firms have given contrasting advice to Tiptree shareholders ahead of next month's vote on the proposed acquisition of US specialty insurer Fortegra by South Korean carrier DB Insurance....

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]]> Tokio Marine to acquire US agri risk management firm for US$970m https://insuranceasianews.com/tokio-marine-to-acquire-us-agri-risk-management-firm-for-us970m/ Fri, 21 Nov 2025 08:37:22 +0000 https://insuranceasianews.com/?p=205141 Deal to acquire Commodity & Ingredient Hedging (CIH) is Tokio Marine's second US acquisition this month.

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Japanese insurer Tokio Marine Holdings has agreed a US$970 million deal to acquire Commodity & Ingredient Hedging (CIH), the US provider of risk solutions to the agriculture sector, according to a...

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]]> DB Insurance’s Fortegra deal faces Tiptree shareholder opposition https://insuranceasianews.com/db-insurances-fortegra-deal-faces-shareholder-opposition/ Mon, 10 Nov 2025 14:40:57 +0000 https://insuranceasianews.com/?p=204288 Minority shareholder Veradace Partners has alleged that the US$1.65bn sale is at an 'inadquate valuation' and out of line with shareholders' interests.

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South Korean insurer DB Insurance’s acquisition of Fortegra, a US specialty insurer, is facing opposition from a minority shareholder.
Veradace Partners, a 5% shareholder of Fortegra owner Tiptree, ha...

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]]> Japan’s Tokio Marine subsidiary buys US-based Ignyte’s Collector insurance unit for US$615m https://insuranceasianews.com/japans-tokio-marine-subsidiary-buys-us-based-ignytes-collector-insurance-unit-for-us615-million/ Tue, 04 Nov 2025 08:55:43 +0000 https://insuranceasianews.com/?p=203706 Business employs about 250 people and recorded a gross written premium of US$164m (JPY25.9bn) in FY24.

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Philadelphia Insurance Companies, a US subsidiary of Japan’s Tokio Marine Holdings, has acquired Ignyte Insurance’s collector vehicle insurance agency business for US$615 million (JPY94.7 billion), th...

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]]> DB Insurance clinches US$1.65bn deal for US specialty carrier Fortegra https://insuranceasianews.com/db-insurance-clinches-us1-65bn-deal-for-us-specialty-carrier-fortegra-report/ Fri, 26 Sep 2025 02:37:47 +0000 https://insuranceasianews.com/?p=200739 The Korean insurer will acquire a 100% of the Warburg Pincus-backed Tiptree subsidiary.

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DB Insurance has signed an agreement to acquire 100% of the outstanding shares of US specialty carrier Fortegra for US$1.65 billion in the largest US market entry by a Korean non-life insurer, accordi...

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]]> Product recall cover in the spotlight as US bans Indonesian shrimp over ‘disturbing’ Fukushima radiation link https://insuranceasianews.com/product-recall-cover-in-the-spotlight-as-us-bans-indonesian-shrimp-over-disturbing-fukushima-radiation-link/ Sun, 31 Aug 2025 23:30:56 +0000 https://insuranceasianews.com/?p=198636 US Food and Drug Administration has cracked down on imports from BMS Foods, but the link with Japan’s nuclear power plant has been questioned.

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In a move that has ruffled the feathers of the financially significant seafood export industry in Asia, the US Food and Drug Administration (FDA) has cracked down on shipments of Indonesian shrimp, ci...

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]]> Sompo to acquire Aspen for US$3.5bn https://insuranceasianews.com/sompo-to-acquire-aspen-for-us3-5bn/ Wed, 27 Aug 2025 12:56:41 +0000 https://insuranceasianews.com/?p=198468 Japanese insurer will pay a 35.6% premium for NYSE-listed Aspen shares in the all-cash deal.

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Sompo International has entered into a definitive merger agreement to acquire NYSE-listed Bermudian specialty (re)insurer Aspen Insurance for an aggregate consideration of approximately US$3.5 billion...

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]]> Aspen shares rally in premarket trading on reports of Sompo merger talks https://insuranceasianews.com/aspen-shares-rally-on-reports-of-sompo-merger-talks/ Wed, 20 Aug 2025 08:53:41 +0000 https://insuranceasianews.com/?p=197979 New York-listed Bermudian (re)insurer is reportedly seeing interest from the Japanese insurance group.

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Shares in Aspen Insurance Holdings, the New York-listed Bermudian specialty insurer and reinsurer, rose almost 10% in premarket trade on Wednesday following a report that the company has held merger t...

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