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.
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
Arthur J. Gallagher to acquire Affiliated Benefit Consultants in Illinois
13th February 2020
Arthur J. Gallagher & Co. has announced the acquisition of Affiliated Benefit Consultants, Inc., a US provider of benefit consulting services. Affiliated Benefit Consultants was founded in 1986 and is based in Oakbrook, Illinois. Following the acquisition, President John Araujo and his associates will continue to operate in their current location. Going forward, ... Read the full article
Insurtech firm Sapiens acquires sum.cumo
12th February 2020
Sapiens International Corporation, a global provider of software solutions for the re/insurance industry, has announced the completion of its acquisition of sum.cumo. sum.cumo is a German-based technology provider that offers digital solutions mainly to the insurance sector. The acquisition is expected to enable Sapiens to expand its footprint by offering its complete ... Read the full article
PartnerRe sale could reduce asset diversity for Exor: S&P
11th February 2020
Analysts at S&P Global Ratings have warned that Exor’s potential sale of Bermudian reinsurance firm PartnerRe could improve the company’s financial flexibility, but to the detriment of its asset diversity. Exor confirmed yesterday that it is in discussions with French insurance group Covéa regarding a deal that could see PartnerRe ... Read the full article
AXA confirms €1bn sale of Central European businesses
10th February 2020
French insurance and investment giant AXA has confirmed that it plans to sell its operations in Poland, Czech Republic and Slovakia to UNIQA Insurance Group AG for €1 billion. UNIQA had been pegged as one of three bidders in the running to secure AXA’s Central and Eastern European operations after Read the full article
Exor confirms talks with Covéa on rumoured $9bn PartnerRe sale
10th February 2020
Partner Re, the Bermuda-based reinsurance firm, is said to be the subject of discussions over a $9 billion potential sale between its current owner the Agnelli family-owned Exor and French insurance group Covéa. Already rumoured, Exor has now confirmed that PartnerRe is the subject of sale talks. The still rumoured price of ... Read the full article
IGI gains further approvals for public listing deal
7th February 2020
International General Insurance Holdings (IGI), the specialist commercial re/insurer, has gained further regulatory approvals for its planned business combination with Tiberius Acquisition Corp., which will result in the public listing of IGI. The Dubai Financial Services Authority is the latest regulator to give the transaction the green light, following approval ... Read the full article
Aon enhances cyber services with Cytelligence acquisition
4th February 2020
Re/insurance broker Aon has expanded its cyber offering with the acquisition of Cytelligence Inc, a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, and security consulting and training services. The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber ... Read the full article
Tokio Marine integrates Thailand unit with Safety Insurance
4th February 2020
Tokio Marine has announced the completion of the integration between its Thai subsidiary, Tokio Marine Insurance (Thailand) PCL. (TMITH), and Safety Insurance Public Company Limited. The combined company, which will officially launch as Tokio Marine Safety Insurance (Thailand) Public Company Limited' (TMSTH), has now received approval from the Office of Insurance ... Read the full article
Marsh & McLennan Agency acquires LA broker Momentous
3rd February 2020
Marsh & McLennan Agency LLC (MMA), the middle market agency of global re/insurance broker Marsh, has announced the acquisition of Momentous Insurance Brokerage, an independent insurance agency based in Los Angeles, California. Founded in 2008, Momentous is a risk management and employee benefits firm specialising in high net worth private client ... Read the full article
Global Risk Partners gets majority investment from Searchlight Capital Partners
3rd February 2020
Private equity and opportunity investor Searchlight Capital Partners has taken a majority stake in independent insurance intermediary Global Risk Partners. The founding partners of Global Risk Partners (GRP), Peter Cullum CBE and David Margrett, as well as founding investor Penta Capital are set to retain minority stakes in the firm. Ares Management ... Read the full article
IGI gets regulatory nod for go-public Tiberius deal
31st January 2020
International General Insurance Holdings (IGI), the specialist commercial re/insurer, has received regulatory approval from the Bermuda Monetary Authority (BMA) for its planned business combination with Tiberius Acquisition Corp., which will result in the public listing of IGI. First announced back in October 2019, this deal prices IGI at approximately 1.26x ... Read the full article
THG acquires Massachusetts-based Group Brokerage Insurance Agency
29th January 2020
Virginia headquartered middle market insurance agency, The Hilb Group, LLC (THG) has announced the acquisition of Group Brokerage Insurance Agency, LLC (GBIA), a firm located in Waltham, Massachusetts. The transaction became effective on January 1st, 2020 and sees THG acquire an employee benefits agency primarily providing group medical, dental, life, short ... Read the full article
Re/insurance industry deals total $14.31bn in December: GlobalData
29th January 2020
Global re/insurance industry deals during the month of December 2019 totalled $14.31 billion, according to data and analytics firm GlobalData. This marked an increase of 233.5% over the previous month and a rise of 224.4% when compared with the last 12-month average of $4.41 billion. In terms of number of deals, GlobalData ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
