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.
PERILS acquires Canadian catastrophe data provider CatIQ
17th June 2019
Catastrophe loss data aggregator PERILS has announced that it has acquired Catastrophe Indices & Quantification Inc. (CatIQ), the Toronto-based provider of catastrophe loss and exposure information in Canada. Established in 2014, CatIQ collects data from the majority of the Canadian re/insurance market and provides and independent Industry Exposure & Loss Database ... Read the full article
Portfolio mix, geographic reach to strengthen Austral Re – Terra Brasis Re
17th June 2019
The recently announced merger of the activities of Austral Re and Terra Brasis Re, is expected to result in a competitive new reinsurer, underpinned by a broader product set and improved geographical reach. An investment agreement to merge the two Brazilian reinsurers was announced last week, a union which is ... Read the full article
Brazilian reinsurers Terra Brasis Re & Austral Re to merge
14th June 2019
Reports have revealed that Brazilian reinsurance companies Terra Brasis Re and Austral Re have now agreed to a merger, which is set to create the second largest reinsurer in Brazil. Reinsurance News reported in August of last year that the two companies were in talks over a potential merger. At ... Read the full article
Liberty partners with Edge Case Research on autonomous vehicle tech
14th June 2019
Liberty Mutual Insurance has announced an investment and new strategic partnership with Edge Case Research, a firm that helps companies go to market with autonomous vehicle technologies and services. Liberty Mutual's venture capital arm, Liberty Mutual Strategic Ventures, participated in the recent seed financing of the firm, which was established by ... Read the full article
Compre completes trio of run-off acquisitions
14th June 2019
Insurance and reinsurance legacy specialist, Compre has signed three transactions involving the share of the Gibbon Pools held by Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Company Ltd. (Helvetia), and an undisclosed European insurance group. Under the transactions, Compre has acquired each company's shares of the Gibbon Pools, which is made ... Read the full article
Helios Underwriting acquires Nameco for £2mn, completes £1.15mn capital raise
13th June 2019
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has agreed to buy the entire issued share capital of Nameco, a limited liability member of Lloyd’s, for just over £2 million. Helios' strategy is to build a fund of Lloyd's underwriting capacity through the acquisition and consolidation of limited liability ... Read the full article
Atlas enters into strategic underwriting arrangement with American Financial
10th June 2019
US-based commercial auto insurer, Atlas Financial Holdings, Inc. has signed a definitive agreement with American Financial Group, Inc. (AFG) that targets the paratransit line of business. According to an announcement on the deal, a definitive agreement between the two companies was executed effective June 10th, 2019. The agreement sees Atlas act as ... Read the full article
Athora to acquire VIVAT from Anbang Group, NN Group to take non-life unit
7th June 2019
Athora Holding Ltd. is to acquire VIVAT N.V. from Anbang Group Holdings Co Ltd., retaining the life and asset management divisions. Following the closing of this acquisition, NN Group will take ownership of VIVAT Schadeverzekeringen N.V. (VIVAT Schade), VIVAT's non-life business. The acquisition marks Athora's entry into the Dutch market, and it's ... Read the full article
BMS takes investments from major institutions at $636mn valuation
5th June 2019
UK headquartered brokerage BMS Group has announced that it's secured a significant investment from British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP). The investment values BMS at £500 million (USD 636 million) and is expected to close in the third-quarter of 2019, subject to regulatory approvals. The BMS management ... Read the full article
Generali Belgium re-named following €540m Athora acquisition
5th June 2019
With its €540 million acquisition having been completed in January, Generali Belgium S.A. has officially been re-named Athora Belgium S.A. The name change represents the final stage in the purchase of Generali Belgium by Athora Holding, first announced in April 2018. Officially, Generali Belgium has been part of Athora since 2 January ... Read the full article
AXA further reduces stake in U.S. life business
5th June 2019
Global re/insurer AXA has further reduced its stake in its US life insurance business, AXA Equitable Holdings (EQH), with the sale of 40 million shares to Morgan Stanley and Barclays. AXA has also granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of EQH’s common stock. Read the full article
AmWINS wraps up acquisition of Atlantic Risk Specialists
4th June 2019
Global specialty insurance provider AmWINS has completed its acquisition of ARS, a full-service wholesaler and managing general agent comprised of the companies Atlantic Risk Specialists and ARS-Latiff. ARS will become part of AmWINS’ brokerage division and will be aligned to strengthen the firm’s property and casualty capabilities. “We’re excited to partner with ... Read the full article
Protective completes reinsurance transaction with Great-West Lifeco
4th June 2019
Great-West Lifeco Inc. subsidiary, Great-West Life & Annuity Insurance Company (GWL&A) has completed the sale, via reinsurance of all of its individual life insurance and annuity business to Protective Life Insurance Company, a subsidiary of Protective Life Corporation. The transaction was previously announced on January 24th, 2019 and the business sold includes bank-owned ... Read the full article
Arthur J. Gallagher acquires Australian broker The Protectors Insurance Group
4th June 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of The Protectors Insurance Brokers and Regent Insurance Brokers, collectively known as The Protectors Group. Founded in 1982, The Protectors Group is a retail broker specialising in construction, hospitality and transport coverage. It is based in Liverpool, New South Wales, ... Read the full article
Ryan Specialty Group completes acquisition of Atlantic Specialty Lines
3rd June 2019
Ryan Specialty Group (RSG) has announced the completion of its acquisition of the assets and operations of wholesale insurance brokerage Atlantic Specialty Lines, Inc. (ASL). ASL is headquartered in Richmond, Virginia, and has additional offices in Illinois, Florida, Louisiana, New York, Pennsylvania, and Texas. The ASL team now forms part RSG’s wholesale ... Read the full article
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