Under the agreement, Brookfield Reinsurance will pay $190 in cash for each share of American National, the companies said in a statement Monday.

The new company, under the brand name Pattern, will provide embedded insurance across U.S. and Europe markets.

Newly combined company boasts more than 20 clients among the top 25 U.S. insurance companies.

The insurer says the new offering will be distinct from its current SafePilot product.

Insurity's goal in the buy is to expand into the program business.

The inevitable cancellation of the takeover transaction by China Oceanwide means Genworth will be spinning out a portion of its U.S. mortgage insurance business.

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.