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.
Pro Global set to acquire Vibe MGA Management
25th April 2019
Re/insurance consultancy firm Pro Global Insurance Solutions is to acquire Vibe MGA Management (VibeMM), an MGA incubation platform launched by Vibe UK Holdings in 2017. MGA incubators provide a platform and services to assist new and developing MGAs, offering a faster and more cost-effective way for them to get up and ... Read the full article
Tokio Marine’s ProAG to acquire AmTrust crop MGA
23rd April 2019
Producers Ag Insurance Group (ProAg), part of the specialty insurance group Tokio Marine HCC, is to acquire crop managing general agent AmTrust Agriculture Insurance Services (AmTrust Ag), a subsidiary of AmTrust Financial Services. AmTrust Ag is headquartered in Kansas, US and manages multi-peril crop, crop hail, livestock and named crop peril ... Read the full article
Covéa looking to diversify into reinsurance through M&A, reports Reuters
23rd April 2019
The Chief Executive Officer (CEO) of French insurance group Covéa, Thierry Derez, has said that the firm is eager to diversify into the reinsurance industry through acquisitions, reports Reuters. In January 2019, Covéa decided to abandon plans to pursue an acquisition of reinsurer SCOR after the firm rejected an offer ... Read the full article
Canopius and AmTrust to merge Lloyd’s operations
18th April 2019
Canopius AG has announced the signing of a definitive sale and purchase agreement that will see its Lloyd's of London business merge with that of AmTrust at Lloyd's, subject to regulatory approval. The sale of AmTrust at Lloyd's, a division of AmTrust Financial, is expected to close in the third-quarter of ... Read the full article
Coface acquires Slovenian credit insurer SID – PKZ
17th April 2019
Coface has announced that it has strengthened its position in the Adriatic region through the acquisition of SID - PKZ, a Slovenian credit insurer with a high market share. The company has acquired all SID - PKZ shares, and plans to rebrand the business under the name of Coface PKZ. Founded by ... Read the full article
DAC Beachcroft adds new Belfast office with McKinty and Wright deal
16th April 2019
International law firm DAC Beachcroft has announced that it plans to launch a new office in Belfast, Northern Ireland through the acquisition of the insurance business of McKinty and Wright. The deal is expected to complete in early July 2019 and will see up to 17 fee earners, including six partners, ... Read the full article
Liberty Mutual acquires AmTrust’s global surety and credit reinsurance operations
15th April 2019
Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services, Inc., subject to regulatory approvals and customary closing conditions. The definitive agreement between the two firms sees Liberty Mutual Insurance acquire four AmTrust businesses: AmTrust Surety; AmTrust Insurance Span; Nationale Borg; and Nationale Borg ... Read the full article
PIB looks to raise £200mn in new consolidation push
15th April 2019
PIB Group, an acquisition vehicle backed by U.S private equity firm Carlyle, is looking to raise £200 million to support a new deal-making push, according to reports from the Evening Standard. The firm has reportedly engaged advisors from Deloitte to restructure its credit facilities in an effort to build funds for ... Read the full article
Arch Insurance expands UK Regional Division with Obelisk acquisition
15th April 2019
Arch Insurance (UK) Limited, a division of Arch Insurance International, has completed its takeover of specialist underwriting agency, Obelisk Underwriting. Obelisk Underwriting produced around £5 million of gross written premium (GWP) in 2018, and will form part of Arch UK Regional Division, which is focused on commercial property, casualty, motor, professional ... Read the full article
Baloise acquires Belgian insurer Fidea from Anbang for €480m
15th April 2019
Baloise Group, a Swiss insurer, has moved to acquire Belgian insurance firm Fidea NV from China's Anbang Insurance Group in a deal worth €480 million. The purchase will see Baloise edge closer to becoming a top four non-life insurer in the Belgian market, increasing its share by 1.7% to 8.5%. In the ... Read the full article
Aon Securities reveals key role in Chaucer acquisition, Peak Re sidecar
12th April 2019
Aon Securities, the investment banking division of Aon, has detailed its involvement in two significant transactions on behalf of Asia re/insurers. Aon Securities served as the sole buy-side mergers and acquisitions advisor to China Re on its recent acquisition of Chaucer. China Re wrapped up its acquisition of the London-based and ... Read the full article
Howden builds Norway presence with stake in Employee Benefits broker, NIP
11th April 2019
Howden Broking Group's Norway subsidiary, Howden Forsikringsmegling SA (Howden Norway) has acquired a majority stake in Employee Benefits brokerage, Norwegian Insurance Partner AS (NIP). According to an announcement on the deal, the combination of Howden Norway and NIP creates a top-five broker in Norway, and the market leader in Employee Benefits. The Founder and ... Read the full article
All elements of China Re’s Chaucer acquisition now finalised
11th April 2019
International specialty insurance and reinsurance group, Chaucer, has announced that China Reinsurance Corporation (China Re) has completed the acquisition of Chaucer Insurance Company DAC in Ireland and SLE in Australia, from The Hanover Insurance Group, Inc. China Re announced it had finalised its takeover of Chaucer in December 2018, noting ... Read the full article
Arthur J. Gallagher to acquire Canadian broker Keyser Benefits
5th April 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Canadian broker Keyser Benefits Corp. Based in Calgary, Alberta, Keyser Benefits is a full-service benefits brokerage that has been in operation for more than 45 years. It offers life, disability, health and dental, critical illness, retirement and other services ... Read the full article
Munich Re’s ERGO to offload insurance portfolios of three entities to Generali
5th April 2019
ERGO International AG, a division of global reinsurer Munich Re, has announced plans to sell the insurance portfolios of three subsidiaries to Generali Group. The new sale is for its life, non-life and composite portfolios in Hungary and Slovakia. The transaction sees ERGO further consolidate its international business and follows last ... Read the full article
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