Reinsurance News
Cinven
Allianz, BlackRock, Generali, Hannover Re and T&D acquire Viridium
4th August 2025
A consortium including Allianz, BlackRock, Generali Financial Holdings, Hannover Re and T&D Holdings, have completed the acquisition of Viridium Group, a European life insurance consolidation platform, from Cinven. The transaction was initially announced on March 19, 2025, stating Viridium would be acquired by €3.5 billion transaction. Santander Insurance and PG3, a ... Read the full article
Allianz, BlackRock, and T&D Holdings partner to acquire Viridium from Cinven in €3.5bn deal
19th March 2025
A consortium led by Allianz, BlackRock, and T&D Holdings is acquiring Viridium Group, a platform in European life insurance consolidation, from Cinven, in a €3.5 billion transaction. Cinven, after more than a decade of guiding Viridium, will exit its majority stake in the business. Generali Financial Holdings and reinsurer Hannover Re will ... Read the full article
GIC completes acquisition of Cinven’s shares in UK broker Miller
28th March 2024
Global investment firm GIC has completed the acquisition of Cinven’s shares in Miller, a transaction that “secures long-term independent future for Miller as a leading specialist broker.” Having announced GIC’s acquisition plans back in December 2023, Miller has undergone a period of significant expansion - driven by both strong organic ... Read the full article
Säkra to be acquired by private equity firm Cinven
8th September 2022
Cinven, an international private equity firm, has announced it has reached an agreement to acquire Säkra, an insurance broker headquartered in Stockholm. The details of the transaction have not been disclosed, and it is subject to customary regulatory and antitrust approvals. Säkra is one of Sweden’s largest insurance intermediaries, providing life and ... Read the full article
Cinven raises €1.5bn for its first dedicated financial services fund
12th July 2022
International private equity investment group, Cinven, has closed its inaugural strategic financials fund (SFF) at €1.5 billion. The SFF builds on Cinven’s leading financial services investment platform in Europe with an investment strategy focused on areas where the company has developed significant investment expertise, such as life and non-life re/insurance, asset-backed ... Read the full article
Cinven to acquire life insurer IFGL
2nd February 2022
International private equity investment group Cinven has entered into an agreement to acquire International Financial Group Limited (IFGL), a life insurance provider of cross-border, long-term savings products. IFGL has £19 billion of assets under administration and operates through its brands, RL360, Ardan International and Friends Provident International. The company was established in ... Read the full article
Cinven & GIC complete Miller acquisition
1st March 2021
The previously announced acquisition of specialist insurance and reinsurance broker, Miller, by global private equity firm, Cinven and GIC, Singapore’s sovereign wealth fund, has now completed. Miller, which operates in the UK, Lloyd's of London, and internationally, has been acquired from global brokerage Willis Towers Watson (WTW). The deal was first ... Read the full article
Legacy specialist Compre to be acquired by Cinven and BCI
30th November 2020
Private equity firm Cinven and British Columbia Investment Management Corporation (BCI) have reached an agreement to purchase legacy acquirer, Compre, from existing shareholders CBPE Capital LLP, Hudson Structured Management Limited, and Compre's management. Following the transaction, Cinven and BCI will become majority shareholders alongside Compre's management team, led by Chief Executive ... Read the full article
Re/insurance broker Miller to be acquired by Cinven and GIC
9th November 2020
Specialist insurance and reinsurance broker, Miller, is set to be acquired from its partners and corporate member, Willis Towers Watson (WTW), by global private equity firm, Cinven and GIC, Singapore's sovereign wealth fund. Miller, which employs over 640 people through its offices across the world's major insurance hubs, is a specialist ... Read the full article
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