Arthur J. Gallagher & Co. has been a prolific acquirer, purchasing the insurance brokerages from multiple banks over the last year. Its management has indicated it has another $3.5 billion that it can use for more deals.

Proceeds from the sale provide the bank with "flexibility to evaluate and pursue various strategic initiatives to redeploy capital in support of our core banking business," Evans CEO David Nasca said.

The transaction is expected to close early next year.

The private equity firm is planning to solicit interest in the Waltham, Massachusetts-based company in 2024, said the people, who asked not to be identified discussing confidential information.

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.

Liberty Mutual sells everything from property and casualty to life insurance in Spain and Portugal through agents, banks and affiliates, according to its website.

Austin-based Vista bought insurance technology provider Duck Creek Technologies Inc. earlier this year.

A new research report from SMA examines core systems deals completed in 2022 from 18 of the top solution providers in the market today.

The Tokyo-listed firm is working with an adviser to gauge investor interest in its life insurance units in Indonesia, Malaysia, Singapore and Thailand, the people said, who asked not to be identified as the information is private.

Thimble, founded in 2016, provides insurance "in minutes" to a plethora of industries including pet, beauty and cleaning services through its mobile app, website or over the phone.

In an all-cash transaction valued at approximately $2.6 billion.