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.
AM Best places F&G Re under review following Aspida acquisition
8th October 2020
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of F&G Re. The rating change comes after parent F&G and US title insurer Fidelity reached an agreement to sell F&G Re to Aspida Holdings, an ... Read the full article
BDO USA takes over property claims team at Quantum Global Advisors
7th October 2020
US accounting and advisory firm BDO USA has strengthened its property claims services with the addition of 28 professionals from Quantum Global Advisors, an international insurance claim and valuation consulting practice headquartered in Chicago. The combination with Quantum, which is set for completion on October 16th, is expected to significantly boost ... Read the full article
Bold Penguin to acquire insurtech RiskGenius
7th October 2020
Commercial insurance technology provider, Bold Penguin, has announced that it has entered into a definitive agreement to acquire RiskGenius, a pioneer in insurance document intelligence software. The transaction sees RiskGenius's data and analytics products, alongside its team, join Bold Penguin's existing SaaS platform. Following the deal, RiskGenius is set to become part ... Read the full article
Enstar looks to begin due diligence on Watford Re proposal
6th October 2020
Enstar Group Limited has asked Watford Re to enter into a non-disclosure agreement to let it begin due diligence on a potential acquisition. Last week, Enstar delivered a letter to the Board of Directors of Watford Re, indicating its desire to acquire all of the company’s outstanding shares. Now, in a ... Read the full article
Premia to acquire Navigators Holdings (Europe) from The Hartford
5th October 2020
Bermuda domiciled reinsurance run-off group, Premia Holdings Ltd., has reached an agreement to acquire Navigators Holdings (Europe) NV and its associated companies from The Hartford, subject to regulatory approvals. The associated companies included in the acquisition are Assurances Continentales - Continentale Verzekeringen NV of Belgium and Canal Re S.A. of Luxembourg, ... Read the full article
Crawford & Company acquires Chilean loss adjustor Crawford Carvallo
5th October 2020
Crawford & Company, a provider of claims management solutions, has announced the acquisition of Crawford Carvallo and its individual business units. Business units include Graham Miller, Crawford Marine & Transportation, Crawford Affinity Chile, Crawford Affinity Colombia, Legaltec, and Quality Surs. Crawford Carvallo provides loss adjusting, claims management solutions and legal services in Chile ... Read the full article
McLarens acquires New Zealand claims services firm CNZ Group
5th October 2020
Global insurance services provider McLarens has announced the acquisition of CNZ Group Holdings Limited and its subsidiaries, a loss adjusting, claims and repair management business based in New Zealand. Headquartered in Auckland, CNZ Group was previously an employee-owned and operated affiliate of Crawford & Company. CNZ Group has 26 offices across New ... Read the full article
Genworth & Oceanwide acquisition further progressed
2nd October 2020
Mortgage insurer, Genworth Financial, Inc. and China Oceanwide Holdings Group Co., have announced that Oceanwide has reached an agreement with Hony Capital on the key commercial terms and conditions of its $1.8 billion offshore financing plan to complete the acquisition of Genworth. The key commercial terms and conditions include its $1.8 ... Read the full article
Enstar looks to buy Watford Re
1st October 2020
Enstar Group Limited recently delivered a letter to the Board of Directors of Watford Re indicating its desire to acquire all of the company's outstanding shares, after raising its stake in the reinsurer in the third-quarter. According to a recent sec filing, on September 30th, 2020, Enstar sent a letter to ... Read the full article
White Mountains to acquire majority stake in Ark
1st October 2020
Bermuda domiciled financial services holding company White Mountains Insurance Group has revealed plans to acquire a majority stake in Ark Insurance Holdings Ltd, the parent company of Ark Syndicate Management Limited. Ark manages syndicates 4020 and 3902 at Lloyd's, which underwrite a mix of reinsurance and insurance business, including property, accident ... Read the full article
F&G agrees sale of Bermuda reinsurance subsidiary to Aspida Holdings
1st October 2020
US title insurance company, Fidelity National Financial, Inc. (FNF) and F&G, a provider of annuities and life insurance, have announced that F&G has reached an agreement to sell F&G Reinsurance Ltd (F&G Re) to Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corporation. F&G Re is the Bermuda domiciled reinsurance ... Read the full article
GIC & MassMutual buy out Blackstone’s stake in Rothesay Life
30th September 2020
Global investment firm GIC and mutual life insurer Massachusetts Mutual Life Insurance Company (MassMutual) have agreed to acquire a 36% shareholding in Rothesay Life from investor Blackstone in a deal valued at £5.75 billion. Under the terms of the transaction, GIC and MassMutual will each become equal 49% shareholders. Blackstone, GIC and ... Read the full article
Hyperion secures up to $1.5bn for growth via Hg investment
30th September 2020
Hg, a leading European investor in software and tech-enabled services businesses, is set to make a significant long-term equity investment in insurance intermediary Hyperion Insurance Group Limited, a transaction which values the business at an enterprise value of approximately $5 billion. Together with an additional debt raise and existing resources, the ... Read the full article
Allianz to acquire five East African P&C insurers in $100mn deal
29th September 2020
Global insurer Allianz has announced a partnership that will see it acquire controlling stakes in five East African general insurance companies, all of which belong to Jubilee Holdings Limited, the region's largest insurance group. The partnership, which has been finalised but still requires regulatory approval, covers the property & casualty segment in Kenya, ... Read the full article
Howden acquires professional indemnity broker St Giles
29th September 2020
Howden Broking Group, an independent insurance and reinsurance broker, has reached an agreement to acquire St Giles Legal & Professional Risks. St Giles is a professional indemnity insurance broker specialising in the UK solicitor space, a market in which Howden is currently a leading provider. The acquisition of St Giles further cements ... Read the full article
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