The late-December deal which has American International Group selling Hartford Steam Boiler to Munich Re Group is the biggest recent deal in dollar terms to hit the specialty sector, but broker deals outnumbered insurer deals by count so far.
Details of some of the deals announced from December to late January involving Markel, e-Risk, Rockwood, CRC and others are set forth below, including sales, mergers and start-ups.
American International Group will sell Hartford Steam Boiler to Munich Re Group in a deal worth more than $700 million–close to $450 million less than the carrier paid for the company in 2000.
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