Reinsurance News

J.C. Flowers & Co

J.C. Flowers acquires Italian insurance brokerage Caleas

6th August 2025

J.C. Flowers & Co. (JCF), a private investment firm dedicated to investing in the financial services industry, has announced that investment vehicles affiliated with JCF (JCF Funds) have acquired Caleas Srl, a Milan-based insurance brokerage. This acquisition is part of JCF’s ongoing strategy to consolidate its presence in the Italian insurance ... Read the full article

wefox sells Italian entities to J.C. Flowers & Co., completes restructure

13th May 2025

Insurtech wefox has agreed to sell 100% of the shares in its Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., to funds managed by J.C. Flowers & Co., a global private investment firm investing in the financial services industry. The transaction is expected to be completed by the end ... Read the full article

Admiral Group to sell its US motor insurance business to J.C. Flowers

22nd April 2025

UK domiciled insurer Admiral Group plc has agreed to sell its US motor insurance business, including Elephant Insurance Company and Elephant Insurance Services, to J.C. Flowers & Co., a global private investment firm in the financial services industry. The transaction has been agreed for an undisclosed cash consideration (before customary adjustments ... Read the full article

iA Financial Group finalises $170m acquisition of Vericity

1st July 2024

J.C. Flowers & Co. LLC recently announced the successful sale of Vericity to iA American Holdings, a subsidiary of iA Financial Corporation. In October 2023, Vericity entered into a definitive merger agreement with iA American Holdings for an all-cash acquisition valued at approximately $170 million. Under this agreement, iA acquired all ... Read the full article

NSM acquires Sequoia Re, IOA Re and Rockport MGUs from J.C. Flowers

21st March 2023

NSM Insurance Group has completed its acquisition of Sequoia Reinsurance Services, IOA Re and its divisions Rockport Benefits and Insurance Resources and Auditing Services, subsidiaries of ELMC Risk Solutions, a portfolio company of J.C. Flowers & Co. Bill McKernan, President of NSM Insurance Group, commented, "We're entrepreneurs at heart and we ... Read the full article

Argo completes sale of Ariel Re to Pelican Ventures and J.C. Flowers

25th November 2020

Private equity investors, Pelican Ventures and J.C. Flowers & Co., have completed their previously announced acquisition of Ariel Re from Argo Group International Holdings. Founded in 2005, Ariel Re had been part of Argo Group since 2017. The company underwrites a global portfolio of reinsurance solutions in Bermuda, London and ... Read the full article