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.
AIG joins Convex’s new ownership structure led by Onex Corporation
30th October 2025
Convex Group Limited, the international specialty insurer and reinsurer, has announced a new long-term ownership structure in which Onex Corporation will take a leading 63% stake and AIG will become a strategic minority investor with a 35% equity interest. With the exception of management, Convex’s founding equity investors, including Onex’s Partners ... Read the full article
Starr to acquire IQUW Group
29th October 2025
Starr, the global investment and insurance company has entered into a definitive agreement to acquire IQUW Group, the specialty insurance and reinsurance organisation. The deal is expected to expand Starr’s underwriting capabilities and position the combined company for growth across a broader range of global market segments. IQUW Group operates two syndicates ... Read the full article
FG Nexus to sell FG Reinsurance Division, Heise to serve as CEO
23rd October 2025
Fundamental Global Inc. (FG Nexus) has announced it has entered an agreement to sell a majority stake of its FG Reinsurance Division (FGRe) to Devondale Holdings LLC, led by industry veteran Tom Heise. This strategic transaction intends to position the new entity as a pioneer in tokenized reinsurance. The deal will see ... Read the full article
Peak Re secures KKR and Quadrantis Capital as new minority investors
21st October 2025
Funds managed by KKR, a global investment firm and Quadrantis Capital, a Portuguese investment management business, have entered into definitive agreements to acquire minority stakes in Hong Kong-based global reinsurer, Peak Reinsurance Company Limited (Peak Re), via Peak Reinsurance Holdings Limited. The transactions are expected to close in the fourth quarter ... Read the full article
MNK International continues global expansion with new Türkiye acquisition
20th October 2025
MNK International, an independent Lloyd’s broker, has expanded its global presence with a new broker acquisition in Türkiye. With operations headquartered in Istanbul, MNK International Türkiye will focus on insurance and reinsurance solutions across a range of complex and specialty risks, offering tailored solutions across all business lines including property, engineering, ... Read the full article
Fairfax sells interest in Eurolife’s life insurance business for €813m
15th October 2025
Fairfax Financial Holdings has signed a term sheet with Eurobank Ergasias Services and Holdings S.A. under which Eurobank or one of its affiliates will acquire Fairfax’s 80% stake in the life insurance business of Eurolife FFH Insurance Group Holdings S.A. for a cash consideration of €813 million. Following the transaction, Eurolife’s ... Read the full article
Malibu Life enters agreement to acquire life and retirement solutions provider TruSpire
14th October 2025
Malibu Life Holdings Limited has entered into a definitive agreement to acquire TruSpire Retirement Insurance Company, a Texas-domiciled provider of life and retirement solutions, and wholly-owned subsidiary of Mutual of America Life Insurance Company. According to Malibu Life, its acquisition of TruSpire, which is licensed in 44 states, holds an AM ... Read the full article
Bishop Street Underwriters acquires London-based MGA Avid
7th October 2025
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Avid Insurance, a niche multi-disciplined managing general agent (MGA) based in London. This acquisition, closed on October 3, 2025, with all requisite regulatory approvals, marks the latest step in Bishop Street’s ongoing strategic expansion, following the acquisitions of Landmark ... Read the full article
Oneglobal acquires Bermuda-based Life and Annuity Services
7th October 2025
Oneglobal Broking, an independent Lloyd's broker backed by JC Flowers, has announced the acquisition of Life and Annuity Services, a Bermuda-based specialist. The acquisition, which is subject to regulatory approval, marks a key milestone in Oneglobal’s effort to expand its capabilities and diversify its offerings. The move will enable Oneglobal to provide ... Read the full article
SiriusPoint to sell 49% stake in MGA Arcadian for $139m
6th October 2025
Global specialty insurer and reinsurer SiriusPoint has agreed to sell its 49% equity stake in managing general agent (MGA), Arcadian Risk Capital, to Lee Equity Partners for total consideration of $139 million, inclusive of a pre-close dividend. At the same time, SiriusPoint has announced it has renewed and extended its capacity ... Read the full article
White Mountains sells majority stake in insurtech Bamboo to CVC
3rd October 2025
White Mountains, a Bermuda-domiciled financial services holding company, has announced it has agreed to sell most of its ownership in Bamboo, a data-enabled insurance distribution platform, to funds advised by CVC. The deal, which values Bamboo at $1.75 billion, is expected to generate approximately $310 to its book value per share ... Read the full article
Recent M&A may not indicate widespread return for London market re/insurers: Autonomous
2nd October 2025
Even though the London re/insurance market has recently seen a number of merger and acquisitions (M&A) deals, this may not indicate a widespread return to M&A for all London-listed specialty re/insurers, Autonomous’ analysts suggest. The recent news that London Market insurer Inigo had agreed to be acquired for $1.7bn marks ... Read the full article
Acrisure completes acquisition of Global Payments’ payroll business
1st October 2025
Global fintech Acrisure has completed its previously announced acquisition of Heartland Payroll from Global Payments, Inc. for $1.1 billion. Heartland Payroll is considered one of the largest payroll and human capital management (HCM) companies in the United States. The acquisition, first announced in May 2025, will bring Heartland Payroll’s 50,000+ clients ... Read the full article
Ambac finalises $420m sale of legacy financial guaranty units to Oaktree
30th September 2025
Ambac Financial Group has completed the sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited, to funds managed by Oaktree Capital Management for $420 million in cash. The cash sale of Ambac Assurance Corporation and Ambac Assurance UK Limited to Oaktree was initially announced ... Read the full article
SiriusPoint to sell ArmadaCare MGA to Ambac for $250m
30th September 2025
Global specialty insurer and reinsurer SiriusPoint has agreed to sell its wholly owned supplemental health insurance program manager, ArmadaCare, to Ambac Financial Group for $250 million, while continuing its capacity partnership with Armada until the end of 2030. The transaction, which values Armada at approximately 14x EBITDA, is expected to close ... Read the full article
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