Reinsurance News
investment
Strategic Risk Solutions gets investment from Integrum
2nd March 2023
Investment firm Integrum Holdings has partnered with, and invested in, Strategic Risk Solutions (SRS), with Insurance Advisory Partners and Waller Helms Advisors acting as the respective exclusive financial advisors. SRS, a provider of insurance management and consulting services, states that Integrum’s investment will allow it to build on its foundation of ... Read the full article
Amwins invests in Australian start-up MGA incubator, Rhodian
27th February 2023
Amwins, a global distributor of specialty insurance products and services, has announced a new minority investment in Rhodian, an Australian start-up MGA incubator. Rhodian was initially formed in response to what it describes as the "ever-changing" Australian agency environment. The firm states that barriers for newcomers to the market are becoming significantly ... Read the full article
PCF Insurance secures $500m preferred equity investment
20th February 2023
US insurance brokerage firm PCF Insurance Services (PCF) has secured a $500 million preferred equity investment in a transaction co-led by Carlyle's Global Credit platform and private equity firm, HGGC. PCF also received significant investment participation in the transaction with funds managed by Owl Rock, a division of Blue Owl, and ... Read the full article
Resolution Life welcomes Nippon Life’s further $1bn investment
24th January 2023
Nippon Life has agreed to invest an additional commitment of $1bn in Resolution Life, a global life and annuity insurance consolidation business. The news comes after Resolution Life and asset manager Blackstone announced their strategic partnership last year. Nippon Life has been the largest investor in Resolution Life since 2019. It ... Read the full article
Keystone Agency Partners announces Flexpoint Ford as investment partner
24th January 2023
Keystone Agency Partners (KAP), an independent insurance agency partnership platform, has announced it has received a significant preferred equity investment from Flexpoint Ford Asset Opportunity Fund II. KAP was launched in 2020 with support from its parent Keystone Insurers Group alongside Bain Capital. Since then, it has attracted an array of partners ... Read the full article
BMS valued at £1.75bn after investment from Eurazeo
23rd December 2022
Up to 34% of BMS Group’s share capital is to be acquired by French investment company Eurazeo, which together with an investment in the re/insurance broker of up to £355 million, takes its valuation to £1.75 billion. Eurazeo and its affiliates will join BMS alongside its existing shareholders British Columbia ... Read the full article
Green Shield announces $6.6m investment by Bindley Capital Partners
18th November 2022
Green Shield Risk Solutions, provider of risk mitigation strategies for catastrophe prone properties, has announced a $6.6 million investment to support the expansion of its risk mitigation solutions. According to the announcement, the investment supports Green Shield's focus on accelerated growth through risk mitigation and loss avoidance in the US Property ... Read the full article
Munich Re expects Q4 boost from Hannover Re investment joint-venture: CFO
8th November 2022
Munich Re's group CFO Christoph Jurecka revealed this morning that the reinsurance company is already expecting to feel a positive effect from its investment joint-venture with rival Hannover Re, as soon as during the fourth-quarter. Reinsurance News reported earlier in November that Munich Re and Hannover Re, two of Europe’s ... Read the full article
UK insurers should be able to navigate gilt volatility: Moody’s
30th September 2022
The current volatility in the UK’s gilt markets should be manageable for UK insurers, says an analyst at Moody’s. Last Friday, Kwasi Kwarteng, the UK’s new Chancellor of the Exchequer laid out a much-derided Budget that sought to slash taxes for high-earning households in the UK. Among the changes laid out by ... Read the full article
LGT Capital Partners expands Lumen Re and welcomes external investor
12th September 2022
LGT Capital Partners has announced that US-based investor, The Kresge Foundation, has become an external equity investor in its reinsurer Lumen Re, in addition to the appointment of two senior managers in Bermuda. Structured as a co-investment alongside the Princely Family of Liechtenstein, this direct equity investment in Lumen Re is ... Read the full article
Insurtech investments fall by 80% in 2021: GlobalData
19th August 2022
According to GlobalData, insurtech investments fell by 79.6% in 2021, leading to job losses and tough economic conditions in 2022. GlobalData’s Deals Database reveals that the value of global investments in insurtech fell by 79.6% in 2021. This follows a consistent flow of stories of insurtechs struggling in 2022. Recently, Lemonade cut ... Read the full article
Himalayan Re invests in Eurobase technology platform to support its reinsurance operations
15th August 2022
Himalayan Re has invested in Synergy2 – Eurobase’s platform for global reinsurers, to support its end-to-end reinsurance operations. The Synergy2 platform is a release-based solution helping reinsurers achieve sustainable, strategic growth in the digital age. Himalayan Re selected Synergy2 to meet its deep functional requirements and deliver operational efficiency across the business. The ... Read the full article
Tokio Marine Asia partners on insurtech investing with Arbor Ventures
12th August 2022
Tokio Marine Asia has announced a strategic partnership with Arbor Ventures, a leading global Fintech/InsurTech-focused venture capital (VC) firm headquartered in Singapore. The partnership marks Tokio Marine’s commitment to accelerating the digital transformation of the global insurance industry. The union was established through Tokio Marine’s Innovation Lab in Singapore. In April 2022, ... Read the full article
Convex makes “strategic investment” in insurtech Quotech
4th August 2022
Specialty insurance and reinsurance company, Convex Group Limited, has made a “strategic investment” and acquired a 7.7% share in Quotech, an underwriter-led insurtech. Quotech has raised one million pounds from a number of angel investors and Convex, who has become the lead investor. Proceeds from the funding round will be used to ... Read the full article
Munich Re’s MEAG joins $500M equity investment in Longroad Energy
2nd August 2022
Longroad Energy Holdings has announced a $500 million equity investment by Munich Re’s MEAG. Longroad Energy affirmed that the investment will support their strategic shift from a primarily “develop to sell” business model, to one that is oriented more towards ownership. Longroad Energy says that this will accelerate the expansion of ... Read the full article
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