Europe’s biggest insurer is discussing its options with potential advisers.

Some early insurtech investors formulating an exit strategy may trigger one or more IPO or acquisitions by insurance carriers.

Entities managed by Blackstone will purchase Allstate Life Insurance Co., the insurer said Tuesday in a statement.

Terms were not disclosed. Employees including Bold Penguin founder Ilya Bodner will remain with the company.

The buy continues Verisk's aggressive M&A strategy.

Tie-up provides machine-learning boost to small-business-focused insurtech.

Zurich’s subsidiary Farmers Group Inc. and Farmers Exchanges, which the insurer manages, will fund the purchase jointly.

The Insuramatch unit offers coverage for auto, home, boat, motorcycle, renters, umbrella and flood, among others.

The employees and select assets of Ireland-based Pramerica Systems change hands.

Also: Bestow API, Coverhound acquired.

Also: CSAA launches sharing economy unit Mobilitas, and more

Also: Clyde kicks off with Asurion, One Inc makes acquisition

The broker gains a practice to help build technology for its business lines, which include commercial property-casualty, personal insurance and employee benefits.

(Bloomberg) -- Shift Technologies Inc., an online retailer for used cars, is in talks to merge with blank-check company Insurance Acquisition Corp., according to people familiar with the matter.

Companies have been working together for several years.

Potential deal could speed autonomous delivery, cutting the giant's costs.

The coronavirus relief legislation could result in private mortgage insurers having to hold more capital, a B. Riley FBR analyst report said.

The largest-ever deal for the industry will combine the second- and third-largest brokers.

Terms of the deal were not disclosed.

The deal announced Wednesday: a $6.3 billion acquisition of a segment that sells life and disability insurance.