Reinsurance mergers & acquisitions (M&A)

Reinsurance mergers & acquisitions (M&A)

This listing of recent major mergers and acquisitions (M&A) deals in the insurance and reinsurance industry is based on core data on recent re/insurance M&A published by rating agency Standard & Poor’s and augmented with our own data on M&A transactions.

This re/insurance mergers and acquisitions (M&A) deal directory provides a simple way to analyse recent M&A transactions involving the world’s top insurance and reinsurance companies.

These insurance and reinsurance M&A deals are listed in order of date. You can sort the table by column headings.

Read all of our insurance and reinsurance merger and acquisitions news.

AnnouncedClosedAcquirerAcquireePrice (Bil. $)M&A transaction termsPrice to book multiple
Apr-22OngoingRandall & Quilter Investment Holdings777 Partners backed Brickell PC Insurance0.482All cash
Mar-22OngoingBerkshire HathawayAlleghany Corporation11.6All cash
Mar-22OngoingAcrisureVolante GlobalN/AN/A
Mar-22OngoingVienna Insurance GroupAegon's Hungary business0.666
Nov-21OngoingLemonadeMetromile0.5Stock exchange
Oct-21OngoingCovéaPartnerRe9All cash
Oct-21Apr-22HowdenAston LarkN/AN/A
Aug-21Dec-21Arthur J. Gallagher & Co.Willis Re’s treaty reinsurance operations3.25Cash and stock
Aug-21OngoingBrookfield Asset Management Reinsurance PartnersAmerican National Group5.1All cash
Aug-21Sep-21Moody'sRMS2Cash and debt
Jul-21Mar-22Liberty Mutual Insurance GroupState Auto Group2.3All cash
Apr-21Jun-21Stone Point Capital and Insight PartnersCoreLogic5.9
Mar-21Dec-21AllianzAviva Poland3.05All cash
Mar-21Jan-22Apollo Global ManagementAthene Holding11Stock exchange
Feb-21Oct-21Aéma GroupeAviva France3.91All cash
Dec-20Apr-21Farmers Group, Inc., a subsidiary of Zurich Insurance GroupMetropolitan Property and Casualty Insurance Company and certain wholly-owned subsidiaries3.94
Nov-20Apr-21Cinven Group and British Columbia Investment Management CorporationCompreN/A
Nov-20Jun-21Tryg A/S and Intact Financial CorporationRSA Insurance Group9.5
Nov-20Mar-21Cinven Group Limited and GIC Private LimitedMiller Insurance Services LLPN/A
Nov-20Nov-20Pelican Ventures Group LLC and J.C. Flowers & CoAriel Re Bda Limited0.03
Oct-20Jul-21Arch Capital Group Ltd.Watford Holdings Ltd.0.7All cash
Oct-20Jan-21White Mountains Insurance GroupArk Insurance Holdings Ltd0.8
Aug-20Feb-21Third Point Reinsurance LtdSirius Group0.788Cash, stock and debt
Jul-20Jan-21The Allstate CorporationNational General Holdings Corporation4.0Cash and debt11.9
Dec-19Jul-20Phoenix Group Holdings plcReAssure Group plc3.25Cash and stockN/A
Nov-19Jan-20Arthur J. Gallagher & Co.Capsicum Reinsurance Brokers LLPN/A
Oct-19Mar-20Tiberius Acquisition Corp.International General Insurance Holdings Ltd.0.39Cash and stock1.26
Oct-19Feb-20Tokio Marine Holdings, IncPure Group3.1Cash and debt33
Sep-19Jan-20Tysers Insurance BrokersRisk Transfer Group LimitedN/A
Jul-19Dec-19Arch Capital GroupBarbican Group Holdings LimitedN/A
May-19Jan-20Allianz (UK) Ltd.Liverpool Victoria General Insurance Group Ltd.0.73UnclassifiedN/A
Apr-19Oct-19American Family Insurance Mutual Holding CompanyIDS Property Casualty Insurance Company1.05All cash1.25
Dec-18Nov-19Earning Star LimitedFTLife Insurance Company Ltd.2.75All cash1.4
Oct-18Mar-19RenaissanceReTokio Millennium Re1.47Stock & cash1.02
Oct-18Jul-20Life Resolutions Australia Pty Ltd.Australian and New Zealand wealth protection and mature businesses2.34Cash, Common Stock, UnclassifiedN/A
Aug-18Dec-18Enstar Holdings (US) LLCMaiden Reinsurance North America, Inc.0.32All cashN/A
Aug-18Apr-19China ReChaucer0.95Cash & dividends1.66
Aug-18Nov-18Markel CorporationNephila Capital0.975All cashN/A
Aug-18Feb-19Apollo Global Management, LLCAspen Insurance Holdings Limited2.6All cash1.1
Aug-18May-19The HartfordThe Navigators Group, Inc.2.2All cash1.78
Aug-18Mar-19Group of InvestorsStar Health and Allied Insurance Company Limited0.92All cashN/A
Aug-18Dec-18Group of Investorsesure Group Plc1.51All cash4.07
Jun-18?Reliance Life LimitedEquitable Life Assurance Society2.41?N/A
Mar-18Sep-18AXAXL Group15.35All cash1.51
Jan-18Jul-18AIGValidus Holdings5.56All cash1.53
Feb-18May-18Enstar Group Ltd.KaylaRe Ltd.0.40Stock exchange
Jul-17Nov-17Markel CorporationState National Companies Inc.0.92All cash
Jul-17Oct-17AXIS Capital Holdings Ltd.Novae Group plc0.6All cash1.53
May-17Sep-17Intact Financial Corp.OneBeacon Insurance Group Ltd.1.7All cash1.65
Dec-16Jul-17Fairfax Financial Holdings Ltd.Allied World Assurance Co. Holdings AG4.9Stock and cash1.35
Dec-16May-17Liberty Mutual Group Inc.Ironshore Inc.2.94All cash1.43
Nov-16Apr-17AXIS Capital Holdings Ltd.Aviabel Cie. Belge d’Assurances Aviation S.A.N/AN.A.N.A.
Nov-16Feb-17Argo Group US Inc.Ariel Re Holdings Ltd.0.24Cash and debt1.45
Oct-16Apr-17PartnerRe Ltd.Aurigen Capital Ltd.0.29All cashN.A.
Oct-16Mar-17Sompo Holdings Inc.Endurance Specialty Holdings Ltd.6.3All cash1.36
Sep-16Dec-16Canada Pension Plan Investment BoardAscot Underwriting Ltd.1.1All cashN.M.
Aug-16Jan-17Arch Capital Group Ltd.United Guaranty Corp.3.4Cash and stock1.01
Apr-16Nov-16AmTrust Financial Services Inc.ANV Holdings B.V.0.2All cashN.M.
Sep-15Feb-16Mitsui Sumitomo Insurance Co. Ltd.Amlin plc5.3All cash1.93
Aug-15Jan-16Sumitomo Life Insurance Co.Symetra Financial Corp.3.8All cash1.2
Aug-15Mar-16EXOR SpAPartnerRe Ltd.6.9All cash1.11
Jul-15Apr-16China Minsheng Banking Corp. Ltd.Sirius International Insurance Group2.6All cash1.43
Jul-15Mar-16Meiji Yasuda Life Insurance Co.StanCorp Financial Group Inc.4.95All cash2.21
Jul-15Jan-16ACE Ltd.Chubb Corp.28.3Cash, stock and debt1.7
Jun-15Oct-15Tokio Marine & Nichido Fire Insurance Co. Ltd.HCC Insurance Holdings Inc.7.53Cash and debt1.9
May-15Nov-15Fosun International Ltd.Ironshore Inc.2.3All cash1.12
Mar-15Jul-15Endurance Specialty Holdings Ltd.Montpelier Re Holdings Ltd.1.83Cash and stock1.21
Feb-15Jul-15Fairfax Financial Holdings Ltd.Brit Insurance Holdings PLC1.88All cash1.63
Jan-15May-15XL Group Ltd.Catlin Group Ltd.4.1Cash, stock and debt1.21
Nov-14Mar-15RenaissanceRe Holdings Ltd.Platinum Underwriters Holdings Ltd.1.9Cash and stock1.13
Feb-14Jun-14Qatar Insurance Company S.A.Q.Antares Holdings Ltd.0.30N/A
Aug-13Nov-13Lancashire Holdings Ltd.Cathedral Capital Ltd.0.41All cash
Total: $137.31 billionMedian: 1.5

N.A.: Not available.
N.M.: Not meaningful.