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.
Bain Capital in discussions to acquire UK insurer esure
14th August 2018
After receiving an unsolicited acquisition offer from U.S. domiciled private multi-asset alternative investment firm, Bain Capital Private Equity, LP and its affiliates, UK insurer esure Group is considering a possible deal. According to a recent announcement, the Board of esure Group notes the recent positive movement in the company's share price ... Read the full article
Armour Group appoints two new senior executives
10th August 2018
Armour Group Ltd has appointed Ranbeer Bhatia as Head of business development in North America and Andrea Piatti as Head of European Mergers and Acquisitions (M&A). Bhatia, who will also be responsible for the group’s global capital markets function, has over 15 years of industry experience, with particular expertise in sourcing, ... Read the full article
Suncorp to sell Australian life insurance business for $725mn
10th August 2018
As part of its FY18 results, Suncorp has announced that it has entered into a non-binding Heads of Agreement to sell its Australian life insurance business to TAL Dai-ichi Life Australia for approximately $725 million. As part of the proposed transaction, Suncorp will enter into a 20-year strategic alliance agreement with ... Read the full article
Symbo acquires ReLeague InsurTech, adds reinsurance to its offerings
7th August 2018
Symbo, a Singapore-based all lines insurer, has acquired Mumbai-based B2B reinsurance software platform ReLeague in a deal that adds reinsurance to its current offerings in direct insurance, reports BW Disrupt. The acquisition sees Symbo - a technology-driven business backed by former Sequoia Partner Yinglan Tan’s Insignia Ventures and Dymon Asia Ventures ... Read the full article
Starr Insurance to acquire Aspen’s aviation business
7th August 2018
Starr Insurance Companies has announced that it has entered into an agreement to acquire the renewal rights of Aspen Insurance’s aviation business. Under the terms of the agreement, Starr will manage all underwriting and claims administration on current business, in addition to managing the run-off of Aspen’s aviation claims and reserves ... Read the full article
QBE sells Australian travel insurance business to nib
6th August 2018
QBE Insurance has sold its Australian travel insurance business to nib Holdings in an effort to “simplify and strengthen” its business, according to QBE Australia and New Zealand Chief Executive Officer (CEO), Vivek Bhatia. The decision was made following an extensive review of QBE Travel and its alignment to QBE’s strategic ... Read the full article
AXA to sell Life Europe platform to Cinven for €1.2bn
2nd August 2018
AXA Group has entered into an agreement with global private equity firm Cinven for the potential sale of AXA Life Europe (ALE), the company’s Ireland-based Variable Annuity products platform, for €1.2 billion (US $1.4 billion). The total cash proceeds for the sale of ALE, which has been closed to new business ... Read the full article
Marsh completes purchase of Wortham Insurance
2nd August 2018
Global insurance and reinsurance broker Marsh has completed its previously announced acquisition of Houston-based independent insurance brokerage Wortham Insurance. Marsh originally announced in June 2018 that it planned to acquire the Texan broker, which has 530 colleagues based across its offices in Austin, Dallas, Fort Worth, Houston, and San Antonio, ... Read the full article
AIG partners with Carlyle Group to build DSA Re into a standalone reinsurer
1st August 2018
American International Group (AIG) has entered into a strategic partnership with The Carlyle Group, a global alternative asset manager, to build AIG’s recently established Bermudian legacy reinsurance platform, DSA Re, into a standalone provider of reinsurance. DSA Re was launched by AIG in February 2018 as a composite reinsurer of ... Read the full article
Ryan Specialty Group acquires ARC Specialty Brokerage assets
1st August 2018
Ryan Specialty Group (RSG) is to buy certain assets of ARC Specialty Brokerage, the property/casualty (P&C) division of wholesale insurance broker ARC Excess & Surplus. Terms of the transaction were not disclosed. ARC Specialty’s Mike Vollaro, a wholesale brokerage professional and specialist in New York construction, will join RT Specialty, the wholesale ... Read the full article
Fosun considers acquisition of Belgian re/insurer Ageas
26th July 2018
Fosun International Ltd., the Chinese conglomerate and investment company, is considering an acquisition of Belgian re/insurer Ageas in order to expand its international footprint, according to sources at Bloomberg. The Shanghai-based company is also reportedly discussing alternative options with advisors, such as splitting Ageas with an acquisition partner or increasing its ... Read the full article
Credit Agricole buys 5% of Creval, acquires Global Assicurazioni
26th July 2018
France-based insurer Credit Agricole Assurances (CAA) has bought a 5% stake in Italian banking firm Credito Valtellinese (Creval), as part of a long-term and exclusive partnership. As part of the deal, CAA will acquire the entire share capital of Creval's insurance subsidiary Global Assicurazioni (GA). Prior to the closing of the ... Read the full article
The Hilb Group acquires Southern Maryland Insurance
25th July 2018
U.S insurance brokerage The Hilb Group (THG) has announced that it has acquired property/casualty (P&C) insurer Southern Maryland Insurance (SMI), effective July 1. Located in Bowie, MD, SMI primarily offers P&C insurance coverages to businesses throughout the Mid-Atlantic area. SMI's Managing Director, Ken Wyvill, and his associates will join THG's Mid-Atlantic operations ... Read the full article
Enstar & Madison Dearborn fund $350m slice of $2.5b AmTrust take-private deal
25th July 2018
Bermuda-based insurance, reinsurance and run-off specialist Enstar and private equity firm Madison Dearborn Partners are to fund a $350 million portion of the AmTrust Financial Services take-private transaction. Under the terms of the agreement, each of MDP and Enstar will participate in a portion of the previously-disclosed take-private purchase of approximately ... Read the full article
Seeman Holtz continues U.S expansion with new acquisitions
23rd July 2018
Seeman Holtz Property & Casualty, Inc. (SHP&C) has continued its expansion in the U.S with the acquisitions of Central Insurance Advisors, LLC in Florida and Transway Insurance Agency, LLC in Texas. The company says the acquisition of these new independent agencies will strengthen its local commercial insurance platforms and allow it ... Read the full article
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