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.
AXA LM acquires reinsurance portfolio from German unit
28th February 2020
AXA Liabilities Managers (AXA LM), a division of AXA and an acquirer and manager of legacy re/insurance business, has received regulatory approval for the acquisition of a legacy assumed treaty reinsurance portfolio from AXA Versicherung AG. German regulator BaFin gave the green light for AXA LM to move ahead with the ... Read the full article
IGI obtains final approvals for go-public Tiberius deal
26th February 2020
International General Insurance Holdings (IGI), the specialist commercial re/insurer, has obtained the final regulatory approvals it needs to move ahead with its planned business combination with Tiberius Acquisition Corp., which will result in the public listing of IGI. UK regulators the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) ... Read the full article
Life broker Reassured sells minority stake to fund growth plans
26th February 2020
UK life insurance broker Reassured has agreed to sell a minority stake to investor Bridgepoint Development Capital (BDC) in order to fund the future development of the business. The company said the transaction would allow it to focus on growth plans such as investment in new technologies and the development of ... Read the full article
WTW / Aon combination could require Willis Re sale: Analysts
25th February 2020
Analysts at Wells Fargo Securities have suggested that a potential combination with Aon could require Willis Towers Watson (WTW) to sell off its reinsurance arm, Willis Re. Speculation about a possible merger deal between the two broking giants was sparked last week after WTW confirmed that it was exploring “strategic ... Read the full article
IGI names new board
25th February 2020
International General Insurance Holdings Limited (IGI), the international specialist commercial insurer and reinsurer, has named the full board of directors that will be in place following its business combination with Tiberius Acquisition Corp. First announced back in October 2019, the deal priced IGI at approximately 1.26x its book value of ... Read the full article
Arch Capital acquiring 29.5% stake in trade-credit insurer Coface
25th February 2020
Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance specialist, is acquiring a majority stake in France-based trade-credit insurance firm Coface. Arch Capital has entered into a share purchase agreement with French corporate and investment bank Natixis, which has been selling down its majority stake in Coface. The sale of shares ... Read the full article
Premia Re assumes risks from two Lloyd’s syndicates in Q4
25th February 2020
Bermuda-based property & casualty re/insurance run-off group Premia Holdings assumed risks from two Lloyd’s of London syndicates in the fourth quarter of 2019. The previously undisclosed deals were acknowledged by Kroll Bond Rating Agency (KBRA) in its recent assessment of the company, which had its financial strength rating confirmed as A-. The ... Read the full article
MAPFRE takes majority stake in Dominican health insurer
21st February 2020
MAPFRE has entered into an agreement with the León BHD Financial Center, its bancassurance partner in the Dominican Republic, to acquire 51% of the health insurance company ARS Palic. The transaction is expected to help MAPFRE consolidate its position in the country, and will leave the León BHD Financial Center with ... Read the full article
Is Willis Towers Watson just preparing the ground for a bigger M&A deal?
21st February 2020
After insurance and reinsurance brokerage and consultancy Willis Towers Watson (WTW) confirmed yesterday that it is exploring “strategic alternatives” for its wholesale arm, Miller, it's interesting to consider how a sale of its majority stake could clear the decks for a much larger M&A deal. Willis Towers Watson (WTW) and ... Read the full article
ProAssurance set for $450mn acquisition of NORCAL Group
21st February 2020
Specialty insurer ProAssurance is set to acquire NORCAL Group in a $450 million deal following the demutualisation of NORCAL Mutual Insurance Company, NORCAL's parent. The demutualisation and the acquisition agreement are mutually contingent, and are subject to required regulatory and policyholder approvals. Based on available estimates of premium, the combination of these ... Read the full article
Willis Towers Watson considering sale of Miller
20th February 2020
Re/insurance brokerage Willis Towers Watson (WTW) has confirmed that it is exploring “strategic alternatives” for its wholesale arm, Miller, which could include a potential sale. WTW originally acquired Miller in 2015, merging its wholesale activities with the firm but keeping the trading brand. In return, Miller’s treaty reinsurance, UK Corporate client and ... Read the full article
Chubb exploring merger deal for Saudi Arabian division
19th February 2020
Chubb Arabia Cooperative Insurance Company, the Saudi Arabian arm of global re/insurer Chubb, has said that it plans to enter into talks with Al Ahli Takaful Company about the possibility of a merger. If a merger discussion is agreed, both companies will sign a non-binding memorandum of understanding to evaluate a ... Read the full article
“Significant degree of continuity” between PartnerRe, Covéa: Moody’s
17th February 2020
Moody’s analysts see a “significant degree of continuity” between PartnerRe’s senior management and underwriting teams and its overall corporate strategy following a potential $9 billion acquisition by French insurance group Covéa. Already rumoured, parent company Exor SpA has confirmed that PartnerRe is the subject of sale talks. Should such a transaction ... Read the full article
Arch Re eyes Asia Pacific growth with PMAP acquisition
17th February 2020
The reinsurance arm of Arch Capital Group, Arch Reinsurance (Arch Re), has announced that it plans to obtain a majority stake in Precision Marketing Asia Pacific (PMAP). PMAP is an Australian company that provides marketing solutions to banks, insurance companies, retailers and health care organisations across the Asia Pacific region. The transaction ... Read the full article
Re/insurance M&A surged to four-year high in 2019: Clyde & Co
17th February 2020
The volume of mergers and acquisitions (M&A) in the re/insurance sector increased by 10% in 2019 with 419 deals completed worldwide, marking a four-year high, according to Clyde & Co. M&A volume was up from 382 in 2018, buoyed by an exceptionally strong first half of the year, the global law ... Read the full article
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