Reinsurance News
M&A news
Reinsurance M&A news, or reinsurance mergers and acquisitions news, covering details of M&A transactions in the works and completed, between insurance, reinsurance and related companies.
I–RE enters partnership with Cimarron Insurance
7th January 2021
Specialist captive re/insurance MGU, International Re (I–RE), has announced a new strategic capacity partnership with Cimarron Insurance, a niche specialist admitted insurer. The partnership will underwrite a range of admitted property and casualty lines of business, rolling out over the next 12 months. Cimarron specialises in providing individual business owners, owner operators ... Read the full article
R&Q completes Inceptum & WMG acquisitions
6th January 2021
Randall & Quilter Investment Holdings Ltd. (R&Q) has completed its acquisitions of Inceptum Insurance Company Limited and The World Marine & General Insurance Company PLC (WMG). R&Q recently received regulatory approval for both acquisitions, which were first announced back in August 2020. Inceptum is part of the Vibe Group of companies ... Read the full article
Allstate finalises acquisition of National General
6th January 2021
US primary insurer Allstate Corporation has closed its $4 billion acquisition of National General Holdings. The acquisition, which was announced in July last year, sees Allstate expand its personal lines market position. National General offers a range of property-liability solutions through independent agents with a presence in non-standard auto insurance. Additionally, National ... Read the full article
Charles Taylor announces Aegis acquisition
6th January 2021
Technology solutions provider Charles Taylor has acquired Wisconsin-based mutual management and third-party claims administrator, Aegis Corporation. Aegis provides both risk pools and self-insureds with bespoke insurance and claims management programs focused on the needs of public entities and municipal organisations. At its Brookfield, Wisconsin headquarters, some 45 employees oversee insurance programs and ... Read the full article
Ambac Financial Group to acquire 80% of Xchange
5th January 2021
Ambac Financial Group has entered into an agreement to acquire 80% of the membership interests of each of Xchange Benefits and Xchange Affinity Underwriting Agency, collectively Xchange. P&C Managing General Underwriter (MGU) Xchange will continue operating under its existing brand as it seeks to expand its underwriting partnership with its key ... Read the full article
NN Group completes integration of VIVAT non-life business
4th January 2021
Following regulatory approval, Dutch insurer NN Group has completed the integration of VIVAT Non-life into its non-life business unit. NN Group acquired the VIVAT Non-life business as part of a larger transaction that saw Athora purchase VIVAT N.V. from China’s Anbang Group. First announced in June 2019, the deal signalled ... Read the full article
Genworth’s focus shifts to contingency plan as Oceanwide merger stalls
4th January 2021
Genworth Financial and China Oceanwide Holdings Group have revealed uncertainty around the completion of their long-delayed merger agreement, leading mortgage insurer Genworth to focus on its contingency plan. The proposed acquisition of control by Oceanwide of Genworth’s New York-based insurance company, Genworth Life Insurance Company of New York, had initially been ... Read the full article
AJG a good fit for Willis Re if regulators force sale: KBW
4th January 2021
Analysts at KBW have pointed to Arthur J Gallagher as a likely buyer of Willis Re, if the investigation currently being carried out by EU regulators forces Aon and Willis Towers Watson (WTW) to make divestitures ahead of their planned merger. The European Commission (EC) confirmed last month that it ... Read the full article
Constellation acquires Coastal Insurance Underwriters & Cybercom
4th January 2021
Constellation Affiliated Partners has announced the acquisition of Coastal Insurance Underwriters (Coastal) and Cybercom. Through these acquisitions, Constellation hopes to continue to expand its product offerings to the Condominium Association and Homeowner’s Association marketplace. “These new business classes complement many of our existing programs and will provide increased product access to our ... Read the full article
One80 acquires Chicago-based Brokers’ Risk
31st December 2020
One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), and insurance aggregator headquartered in Boston, has announced the acquisition of Brokers’ Risk. Brokers’ Risk is a Chicago-based managing general underwriter that specialises in developing and managing insurance and risk management programs. Founded in 1979, the Brokers’ Risk has offices ... Read the full article
AJ Gallagher acquires Harden & Associates in Florida
30th December 2020
International insurance brokerage firm Arthur J. Gallagher & Co. has announced the acquisition of Harden & Associates, Inc., a full-service insurance broker headquartered in Jacksonville, Florida. With additional offices in Amelia Island and Tampa, Harden offers retail property/casualty, employee benefits and related services to businesses and individuals primarily in Florida, In particular, ... Read the full article
Blackstone invests in SUNZ Holdings
30th December 2020
Investment management firm Blackstone Tactical Opportunities has acquired a significant stake in SUNZ Holdings, in order to help fund its continued expansion. SUNZ is a provider of workers compensation insurance and related services such as policy administration, claims administration and customer support. SUNZ has a particular focus on risk sharing programs for ... Read the full article
Sompo International completes DCIS acquisition, rebrands crop unit
30th December 2020
Bermuda-based specialty property and casualty re/insurer Sompo International Holdings Ltd. (SIH) has completed its previously announced acquisition of Diversified Crop Insurance Services (DCIS), a subsidiary of CGB Enterprises, Inc. (CGB). DCIS and ARMtech, Sompo International’s existing US federally sponsored multi-peril crop insurer, will now operate under the brand name AgriSompo ... Read the full article
R&Q completes Marilac acquisition
30th December 2020
Randall & Quilter II Holdings Limited, a wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., has completed the acquisition of Marillac Insurance Company (Marillac), the Cayman captive insurer of Verity Health System of California. The transaction, which has received bankruptcy court and all regulatory approvals, is the second Cayman ... Read the full article
Admiral Group sells price comparison sites to RVU
29th December 2020
Admiral Group has agreed to sell its Penguin Portals business, comprising online comparison portals Confused.com, Rastreator.com and LeLynx.fr, to ZPG Comparison Services Holdings UK Limited (RVU). As part of the transaction, RVU will also acquire tech unit Admiral Technologies, as well as Admiral’s 50% share of Preminen Price Comparison Holdings Limited. Alongside ... Read the full article
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