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.
EC confirms “in-depth investigation” of Aon / WTW merger
21st December 2020
The European Commission (EC) has now confirmed that it has opened what it calls an "in-depth investigation" of insurance and reinsurance broker Aon's proposed acquisition of rival Willis Towers Watson (WTW). The European Commission (EC) said it will carefully investigate the proposed acquisition and merger to establish whether the combination of ... Read the full article
Specialist Risk Group to be acquired by PE firm HGGC
21st December 2020
Insurance brokerage Specialist Risk Group (SRG) has signed a definitive agreement to be acquired by HGGC, a leading middle-market private equity firm. Under the terms of the agreement, SRG's management team will invest alongside HGGC and continue to hold a significant stake in the business. The deal also sees existing investor, ... Read the full article
Ares wraps up F&G acquisition
21st December 2020
Ares Management and its indirect subsidiary Aspida Holdings have completed the previously-announced acquisition of F&G Reinsurance from FGL. As part of the transaction, Aspida will enter into a strategic flow reinsurance agreement with Bermuda-domiciled life and annuity reinsurer F&G, related to certain annuity products. F&G will continue to operate as a reinsurance ... Read the full article
HCI acquires personal lines business from United (UPC)
17th December 2020
Florida-based insurtech HCI Group has agreed to acquire personal lines insurance business in four northeastern US states from P&C insurer United Insurance Holdings Corp. (UPC). Under the agreement, HCI will provide 69.5% quota share reinsurance on all of United’s in-force, new and renewal policies in Connecticut, Massachusetts, New Jersey, and Rhode ... Read the full article
Aon / WTW divestitures would reduce benefits of merger: KBW
16th December 2020
Following reports that regulators may investigate the merger deal between Aon and Willis Towers Watson (WTW) on anti-trust grounds, analysts at KBW have warned that any resulting divestitures could reduce the benefits of the combination. Sources at Reuters said yesterday that a full-scale review into the $30 billion Aon / ... Read the full article
EU to investigate Aon / WTW merger: reports
15th December 2020
The huge merger deal between brokers Aon and Willis Towers Watson (WTW) is set to undergo an in-depth probe by European Union (EU) regulators due to its complexity, sources have told Reuters. According to these inside sources, the $30 billion deal faces a full-scale review once the European Commission’s preliminary ... Read the full article
Oswald and RCM&D launch Unison Risk Advisors
11th December 2020
Independent re/insurance brokerage and risk advisory firms, Oswald Companies and RCM&D, have agreed to strategically merge and launch Unison Risk Advisors. Both firms plan to maintain their independent brands, operations and management, while merging under the umbrella of Unison Risk Advisors, dba of JBO Holding Company, to expand service capabilities and ... Read the full article
Travelers acquires InsuraMatch from Plymouth Rock
9th December 2020
The Travelers Companies has entered an agreement to acquire insurance company InsuraMatch from the Plymouth Rock Group. The transaction, which is subject to customary closing conditions, is expected to close in the first quarter of 2021. The terms of the transaction were not disclosed. InsuraMatch focuses primarily on personal insurance, and offers ... Read the full article
Beach & Associates rebranded to Acrisure
8th December 2020
Beach & Associates, the reinsurance brokerage arm of Acrisure, is to be rebranded as Acrisure Re and Acrisure London Wholesale, the company has announced. The rebrand comes as part of Acrisure’s increasing focus on technology and artificial intelligence, and follows the recent acquisition of AI firm Tulco’s insurance assets. Beach was originally ... Read the full article
GIG under review following AXA acquisition
8th December 2020
AM Best has placed insurance group Gulf Insurance Group (GIG) and its subsidiary Gulf Insurance and Reinsurance Company under review with developing implications of their Financial Strength Rating of A (Excellent). The rating agency’s actions follows GIG’s acquisition of AXA's insurance operations in the Gulf region for $475 million. Last week, ... Read the full article
MMA acquires Heritage Insurance Service in Kentucky
7th December 2020
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has announced the acquisition of Heritage Insurance Service, Inc., an independent agency in Louisville, Kentucky. Established in 1974, Heritage provides business, auto, and home insurance services and solutions, with specialized expertise in the trucking and transportation industry. The company ... Read the full article
BMS Iberia acquires Spanish broker
4th December 2020
Re/insurance broker BMS Group’s Spanish subsidiary, BMS Mediación Iberia Correduría de Seguros y Reaseguros, has acquired insurance broker Montymarq Asociados Consultores y Corredores de Seguros. Based in Malaga, Montymarq specialises in business, professional and affinity risks in Spain. BMS has acquired Montymarq in full. The staff of Montymarq will join the BMS ... Read the full article
Marsh & McLennan Agency acquires INSPRO
4th December 2020
Marsh's marketing agency subsidiary, Marsh & McLennan Agency, has acquired INSPRO, an independent agency in Nebraska. INSPRO was first established over 8 years ago and provides business insurance, employee benefits, and personal lines insurance services to individuals, families, and SME’s throughout the region. INSPRO’s 138 colleagues will join MMA and continue to ... Read the full article
Geo finalises acquisition of Robus
4th December 2020
Geo Underwriting has announced the completion of its acquisition of Robus, an insurance management, fiduciary and financial advisory group. Robus provides insurance management, protected cell company and captive management, actuarial and ILS services with operations in Guernsey, Gibraltar and Malta. Following the acquisition, the company will continue to operate independently under the ... Read the full article
AJ Gallagher acquires marine broker North Star
4th December 2020
International insurance brokerage firm Arthur J. Gallagher has acquired Seattle-based North Star Insurance Services and Fairhaven, Mass.-based North Star Marine Insurance Services. North Star Insurance Services was first founded in 2001 and is a full-service marine insurance broker serving clients throughout the US. Its portfolio covers the majority of the marine industry, ... Read the full article
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