This week in insurance we are following a potential mega acquisition, IPO news and an insurtech partnership. Here are the three things we learned this week:
- The deal machine is heating up again, Chubb is rumored to be looking to acquire The Hartford in a mega deal reminiscent of Chubb being acquired by ACE in 2015. The $23B deal would add to their already massive scale and highlights the trend of consolidation that we’ve been following.
- In IPO news, Ryan Specialty has filed their S-1 to become a public company later this year. They submitted the form confidentially so we haven’t had the chance to look over but will be following this and other IPOs as details emerge. What will the public market appetite be for a more traditional insurance wholesaler not an insuretch?
- Next, the small business insuretech provider, and Amazon strike a partnership. Amazon sellers will receive affordable quotes for general liability and other small commercial coverages right in the platform where they register which requires the coverage. Next continues to find ways to reach insureds through non-traditional distribution.
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