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.
Fitch puts Aon on negative watch, citing WTW merger concerns
12th March 2020
Rating agency Fitch has decided to place the ratings of re/insurance broker Aon on negative watch due to complexities surrounding its recently announced merger deal with Willis Towers Watson (WTW). Analysts said Aon’s ‘BBB+’ Issuer Default Rating (IDR) could be negatively affected by the significant deal size of its combination ... Read the full article
Aon / WTW merger a response to tech disruption, analysts
11th March 2020
Analysts at Peel Hunt have underlined the role technology-driven market disruption is playing in Aon’s decision to make a $30 billion-rated move on Willis Towers Watson. With Lloyd’s investing heavily in ongoing modernisation efforts aimed at lowering brokerage costs, Peel Hunt says the deal could be seen as an antidote ... Read the full article
Rating agencies stable on Aon, positive on WTW
10th March 2020
Rating agencies Moody’s and S&P Global Ratings have revised their outlooks for Willis Towers Watson (WTW) to positive, while maintaining a stable view on Aon, following yesterday’s confirmed merger deal between the two broking giants. After weeks of speculation about a potential deal, the companies announced a definitive agreement to ... Read the full article
Nexus broking division acquires trade credit business of Howden UK
10th March 2020
Xenia Broking Group, the independent broking arm of Insurance intermediary holding company Nexus Group, is set to acquire the trade credit business of Howden UK. The transaction will complete on 31 March 2020 following which Xenia will integrate Howden’s trade credit business with its regulated entity Credit Risk Solutions Limited. “This is ... Read the full article
Aon confirms combination with Willis Towers Watson
9th March 2020
Global insurance and reinsurance broker Aon has confirmed that it will combine with rival broker Willis Towers Watson, following weeks of speculation about a potential deal. The companies today announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. "This combination will ... Read the full article
North America & UK deal activity down in Q4: GlobalData
6th March 2020
Re/insurance industry deal activity was down by 8.7% and 6.5% in North America and the UK, respectively, during the fourth quarter of 2019, according to data and analytics firm GlobalData. A total of 157 deals worth $13.13bn were announced for North America Q4 2019, the firm found, versus a four-quarter average ... Read the full article
Risk Strategies adds captive manager following Atlas Group purchase
6th March 2020
US insurance broker and risk management firm Risk Strategies has acquired captive specialist Atlas Insurance Management. The acquisition is a result of Risk Strategies’ purchase of Atlas Group and its affiliated entities. In addition to managing captive insurance entities, Atlas Insurance Management forms and operates a number of its own insurers. In particular, ... Read the full article
Rating agencies view Covéa takeover as beneficial for PartnerRe
5th March 2020
Rating agencies Fitch and Moody’s have said that they view the recently confirmed acquisition of PartnerRe by Covéa as potentially beneficial for the Bermudian reinsurer. Fitch has placed PartnerRe’s ratings on Rating Watch Positive after the news emerged yesterday, while Moody’s affirmed its ratings and noted that PartnerRe would likely ... Read the full article
Alliant announces Pend Oreille acquisition
5th March 2020
US specialty insurance broker Alliant Insurance Services has announced the acquisition of Pend Oreille Insurance. Based in Idaho, Pend Oreille is one of the area’s largest independent insurance agencies and is led by co-owners Stefanie Nostdahl and Jodie Corless. The company provides an array of regionally focused insurance solutions to its list ... Read the full article
Tokio Marine HCC to acquire renewable energy insurer GCube
4th March 2020
Tokio Marine HCC, a member of Tokio Marine Group, has announced the signing of a purchase agreement to acquire renewable energy risk specialist MGA, GCube. Specialist renewable energy insurer GCube is one of the largest underwriters of renewable energy, covering wind, solar, bio, hydro, wave, and tidal projects across the globe. The ... Read the full article
AJ Gallagher acquires NY-based insurance broker, CMS
4th March 2020
International insurance brokerage firm, Arthur J. Gallagher & Co. (AJG), has announced that it has acquired CMS, LLC, a New York-based full-service wholesale insurance broker. The terms of the transaction have not been disclosed but it has reported that Scott Charney, Rich Verdi, Michael Raab and their associates will remain in ... Read the full article
Covéa to acquire PartnerRe from EXOR for $9bn
4th March 2020
EXOR, the Agnelli family owned holding company, has reached an agreement with French insurance group Covéa over the sale of PartnerRe. The pair have entered into a Memorandum of Understanding (MoU) under which Covéa has agreed to acquire PartnerRe for a total cash consideration of $9 billion, plus a cash dividend ... Read the full article
Apollo doubles stake in Athene amid alignment push
3rd March 2020
Private equity firm Apollo Global Management has completed its purchase of a 17% incremental stake in retirement services firm Athene, bringing its beneficial ownership in the company to 34%. First announced in October 2019, this purchase came as part of a wider alignment push between the two companies that also ... Read the full article
H.W. Kaufman completes Barbican Protect acquisition
3rd March 2020
H.W. Kaufman Group, a global network of insurance companies, has completed its previously announced takeover of Barbican Protect Limited from Barbican Insurance Group, expanding its presence in the UK market. As announced in November of last year, Barbican Protect is to rebrand as Burns & Wilcox, a subsidiary of H.W. ... Read the full article
Barbados reinsurers Ocean Re & Energy Risk Re merge
2nd March 2020
Barbados-based reinsurers Ocean International Reinsurance Company Limited (Ocean Re) and Energy Risk Re (ERIRE) have completed a merger of their operations. The transaction has been executed after months of negotiations, with all necessary regulatory authorisations obtained back in December. ERIRE is now the major shareholder of the combined operations, following a multi-transactional ... Read the full article
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