The Southeast regional bank plans to use the deal's sizable proceeds to pay down wholesale borrowings and restructure its securities portfolio. Numerous banks have made similar moves in recent months.

The acquisition will expand Aon's outreach in India's commercial risk, health and reinsurance sectors.

A new Chubb report identifies business trends and evolving risks affecting mid-market companies.

M&T Bank, Truist Financial and Eastern Bankshares are among the banks that have sold all or part of their insurance subsidiaries over the last year. Though the price is right, analysts warn that when interest rates decline, sellers will be without a key source of fee income.

The deal is expected to be completed later this year, subject to regulatory approval. Marsh did not disclose the terms of the deal.

Both transactions are at an early stage and may not lead to a sale, said the people, who asked for anonymity to discuss the private information.

Brookfield Reinsurance Ltd. agreed to buy all the shares in the US insurer it does not already own for $55 apiece, according to a statement on Wednesday.

American Equity's board will review the proposal with advisers.

The deal values Amedisys at about $3.29 billion, based on the company's share count.

Groundspeed Analytics was seeking to raise venture capital funding when Insurance Quantified made the initial contact.