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.
InsurTech developers Prima Solutions and Effisoft complete merger deal
19th December 2018
InsurTech software developers Prima Solutions and Effisoft have completed a merger deal as part of a growth strategy to accelerate their development in the property and casualty (P&C), health and personal protection re/insurance markets. Prima Solutions and Effisoft claimed that their consolidation will produce one of the largest and most comprehensive ... Read the full article
EPIC Holdings to acquire U.S operations of Integro
18th December 2018
EPIC Holdings, Inc. has announced that it plans to acquire Integro Holdings Inc., the company that houses all the U.S operations of international re/insurance broker and risk management firm Integro Group Holdings, LP. The transaction, which is expected to close in January 2019, will see EPIC benefit from the addition of ... Read the full article
BTG Pactual completes acquisition of Lutece Re
14th December 2018
BTG Pactual, the largest Latin American investment bank, has completed the acquisition of Lutece Re, a boutique fund manager specialising in reinsurance risk. As a result of the deal, Lutece Re has integrated into BTG Pactual Asset Management, the global asset management division of the firm. Lutece Re was founded by industry ... Read the full article
Aspen shareholders approve acquisition by Apollo
11th December 2018
The shareholders of Bermuda-headquartered Aspen Insurance Holdings have approved the company's acquisition by funds under management of Apollo Global Management. Aspen held a special general meeting of shareholders regarding the merger agreement, and has announced that all of the resolutions put forward at the special general meeting were approved by the ... Read the full article
Enstar closes $200mn investment in AmTrust go-private deal
7th December 2018
Bermuda-based insurance, reinsurance and run-off specialist Enstar has closed a $200 million investment in Evergreen Parent L.P., which acquired 100% of AmTrust Financial Services, Inc. in a go-private deal last week. Enstar said that it now collectively owns around 7.4% of the capital units of Evergreen, which is an entity ... Read the full article
Arch Insurance completes acquisition of McNeil & Co.
7th December 2018
Bermuda-based re/insurance firm Arch Capital Group Ltd. has completed its previously announced acquisition of New York insurer McNeil & Co. Arch announced last month that it planned to purchase the company, which offers specialised risk management and insurance programs, for an undisclosed sum. Following the acquisition, McNeil & Co. will operate ... Read the full article
Consolidation will help re/insurers leverage digital investments: J.P. Morgan
4th December 2018
Further sector consolidation would allow re/insurers in the European market to better leverage investments in digital innovation by sharing the costs across a wider revenue base and creating economies of scale, according to analysts at J.P. Morgan. A recent report by the firm suggested that, while investment in digital is growing ... Read the full article
Indian regulator rejects ITI Reinsurance acquisition proposal
4th December 2018
The Insurance Regulatory Authority of India (IRDAI) has rejected a proposal from Go Digit General Insurance Ltd to acquire the two-year-old Indian reinsurer ITI Reinsurance from its current owners, due to a number of issues that violate regulations. Go Digit, which is owned by Indo-Canadian billionaire Prem Watsa, signed a deal ... Read the full article
Verisk to acquire Rulebook for $87mn
3rd December 2018
Data analytics provider Verisk has signed a definitive agreement to acquire Rulebook, a provider of business intelligence and software solutions for the London Insurance Market. The reported purchase price is $87 million in cash, funded through cash on hand and existing bank facilities, with the deal expected to close in the ... Read the full article
Arthur J. Gallagher acquires IBS Re Singapore, takes stake in Indonesian broker
3rd December 2018
Arthur J. Gallagher & Co., the U.S. global insurance brokerage and risk management services firm, has acquired 100% of reinsurance broker IBS Re Singapore, in addition to taking a 40% stake in Indonesian broker PT IBS Insurance Broking Service. Based in Jakarta, PT IBS Insurance Broking Service has revenues of over ... Read the full article
AmTrust completes $3bn go-private merger deal with Evergreen
29th November 2018
AmTrust Financial Services, Inc. has completed its previously announced $2.95 billion merger deal with Evergreen Parent L.P., which will see the company go private. Evergreen is an entity formed by private equity funds managed by Stone Point Capital LLC, together with Barry Zyskind, Chairman and Chief Executive Officer (CEO) of ... Read the full article
AmTrust gets regulatory go-ahead for Evergreen merger deal
28th November 2018
AmTrust Financial Services, Inc. has received all necessary regulatory approvals to go ahead with the completion of its previously announced merger deal with Evergreen Parent, L.P., which will see the company go private. Evergreen is an entity formed by private equity funds managed by Stone Point Capital LLC, together with Barry ... Read the full article
Arthur J. Gallagher acquires two California-based P&C brokers
27th November 2018
U.S. global insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has expanded its presence in California with the acquisition of property and casualty (P&C) brokers Buckman-Mitchell, Inc. and R.T. Beers & Company Insurance Services, Inc. Buckman-Mitchell is a retail P&C and employee benefits agency and consultant that ... Read the full article
Zurich CEO Greco denies acquisition rumours
26th November 2018
Mario Greco, Chief Executive Officer (CEO) of Zurich Insurance Group, has denied rumours that the company would consider a takeover bid from another large re/insurer or tech firm, according to Finews. Speaking at a recent conference event hosted by Handelsblatt in Munich, Greco reportedly said that a cross-border, transforming transaction would ... Read the full article
Sun Life a contender in multi-billion dollar FTLife sale
22nd November 2018
Sun Life Financial Inc., the Canadian financial services and life insurance company, is reportedly vying to acquire Hong Kong insurer FTLife Insurance Co. in a deal that could value more than $3 billion, according to sources at Bloomberg. Sun Life is said to be competing in a second round of bidding ... Read the full article
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