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The buyout ranks as the third-biggest Japanese insurance acquisition, trailing two purchases by Tokio Marine Holdings, which spent $4.7 billion to buy the U.S. insurer Philadelphia Consolidated and £442 million, or $682 million, to buy the Lloyd's of London insurer Kiln.
Last month, Buffett told investors that Berkshire had $45 billion in cash and no big deals on the horizon, save an insurance acquisition worth about $1 billion.
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Some might want to follow the lead of ING Group, the Dutch financial services company, which has been one of the few companies to undertake sizable insurance acquisitions this year.
Some analysts say news of American International Group's Asian life insurance business acquisition by U.K. insurer Prudential Plc also put some pressure on the sterling.
But few people are fighting for the abstract cause of "Innnovation" with a capital I. Thanks to disruption insurance through acquisitions, it could be hard to truly kill Yahoo — a company many thought was marked for death years ago.
Mr. Geithner also acquiesced to Jamie Dimon, the chief executive of JPMorgan Chase, allowing him to remain on the board of the New York Fed even as his bank was suddenly the recipient of very large additional subsidies (the insurance for his acquisition of Bear Stearns).
We have also seen companies like PolicyGenius tack on other personal lines with low direct penetration (renter's, pet insurance) where customer acquisition cost and cross-sell opportunities are relatively cheaper.
Considerable research has focused on investigating potential functional explanations for female participation in EPCs, such as fertility insurance or the acquisition of good or compatible genes (Sheldon 1994; Jennions and Petrie 2000), yet little is known about how EPP integrates with other aspects of avian reproduction.
De Castries built Axa into one of the world's largest insurance companies through acquisitions in Europe and emerging markets, including in China and Colombia.
BLOOMBERG NEWS Wells Fargo Plans Expansionon | John G. Stumpf, the chief executive of Wells Fargo, told The Financial Times he planned to increase the size of the bank's wealth management and insurance divisions through acquisitions, The Financial Times reports.
The impact of recent expansion to automobile and homeowners' coverage and the December acquisition of insurance research site insure.com has yet to be seen.
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