Corsair to Acquire MJM Holdings & more…Keep up with what has been happening this week in our latest insurance news round-up…

Italy’s Generali spends $108 mln to grow China non-life insurance business

Italy’s biggest insurer Generali on Wednesday said it would acquire full control of a non-life insurance joint-venture in China by buying out local partner CNPC Capital for around 99 million euros ($108 million).

Ardonagh Advisory boosts private clients capability with addition of Hoxton Risk Services

Ardonagh Advisory has acquired specialist distribution business, Hoxton Risk Services Ltd, in a move which will bolster Ardonagh’s presence in the mid and high net worth market.

Corsair to Acquire MJM Holdings, a Leading European Commercial Insurance Broker

Corsair, a leading private equity firm targeting payments, software, and business services investments in the financial services market, announced that it has signed a definitive agreement to acquire a majority stake in MJM Holdings, a leading independent commercial insurance broker based in Poland. Terms of the transaction were not disclosed.

Global M&A poised for growth as storm clouds recede

Global mergers and acquisitions (M&A) activity lost steam in the final three months of 2023 with buyers struggling to add value, according to new research on completed deals from WTW’s Quarterly Deal Performance Monitor (QDPM).