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.
Re/insurance M&A trends will accelerate over 2018 and beyond: EY
26th March 2018
Ernst & Young (EY) has predicted that global Merger & Acquisition (M&A) trends for insurers and reinsurers are likely to accelerate over 2018 and beyond as companies look to transform, despite a slump in activity last year. EY notes that, although deal activity has steadily grown in recent years, 2017 saw ... Read the full article
XL Group tells brokers to expect continuity after AXA acquisition
21st March 2018
Bermudian insurance and reinsurance firm XL Group Ltd. has sent a letter to its reinsurance brokers, to explain that they should expect continuity in the way it operates and its trading after its acquisition by French insurance and investment giant AXA is completed. The letter, penned by Chief Executive of Reinsurance ... Read the full article
Aspen under analyst scrutiny following exec compensation hikes
20th March 2018
The future of Aspen Insurance Holdings Limited, the Bermudian insurance and reinsurance group, has come under increasing levels of scrutiny in recent days, in particular after the firm filed details of a hike in the severance compensation plans for the CEO and CFO. Aspen has been under scrutiny from analysts for ... Read the full article
Trebuchet (Armour) leads on acquisition of BICO’s legal expense insurance business
12th March 2018
Trebuchet Group Holdings Limited, an investment vehicle owned by the founders and principals of Bermudian insurance and reinsurance services, investing, run-off and legacy specialists Armour Group, is leading the acquisition of a controlling interest in the legal expense insurance business of Canadian firm BICO Risk Management Inc. A consortium led by ... Read the full article
Rating agencies turn negative on AXA, positive on XL
7th March 2018
The major rating agencies have unanimously decided to place AXA's ratings on a negative watch following the news of its planned acquisition of Bermudian insurance and reinsurance firm XL Group. At the same time, the rating agencies are positive on XL's ratings and even suggest they may be upgraded as a ... Read the full article
XL Group rumoured as acquisition target of AXA
4th March 2018
The merger and acquisition rumours continue, with the latest being that Bermudian insurance and reinsurance firm XL Group is targeted as a potential purchase by French insurance and investment giant AXA. The news was first reported by Bloomberg on Saturday, who said that talks between AXA and XL Group are at ... Read the full article
Re/insurance M&A activity is down to lack of organic growth: Morgan Stanley
2nd March 2018
The reason we are seeing a fair amount of mergers and acquisitions (M&A) in insurance and reinsurance sector is down to the fact that organic growth is not getting any easier to find, according to analysts at Morgan Stanley. As a result, the types of mergers or acquisitions being seen are ... Read the full article
Stone Point & Karfunkel-Zyskind Family raise offer for AmTrust
2nd March 2018
Stone Point Capital, the Karfunkel Family and Barry Zyskind Chief Executive Officer (CEO) of AmTrust Financial Services have revealed plans to acquire AmTrust Financial Services for an increased offer of $13.50 per share in cash, a premium increase of 13% compared to their previous proposal. In January, the Karfunkel-Zyskind Family had ... Read the full article
JLT acquires major U.S. broker International Risk Consultants
28th February 2018
Jardine Lloyd Thompson Group plc (JLT) has acquired International Risk Consultants (IRC), a leading U.S. broker specialising in trade credit, single-and-multi-buyer, and political risk insurance. The acquisition will see IRC positioned as a risk specialist within JLT’s global credit, political and security (CPS) risk resources. IRC’s trade credit and political risk specialties ... Read the full article
Swiss Re not counting out M&A, but it has to add value: CEO Mumenthaler
27th February 2018
Reinsurance giant Swiss Re, while carefully assessing a potentially transformational investment from tech giant SoftBank, is also open to mergers and acquisitions, but CEO Christian Mumenthaler explained that M&A deals have to add value. Speaking about the reinsurance firm's annual results last week, Mumenthaler said that any M&A deals it ... Read the full article
Phoenix to acquire £3.24bn insurance business from Standard Life Aberdeen
26th February 2018
The UK’s Phoenix Group has unveiled its plans to acquire the majority of Standard Life Assurance Limited and employee benefits arm Vebnet Limited for a total consideration of £3.24 billion, and to enhance their long-standing strategic partnership with current owners Standard Life Aberdeen (SLA). This transaction sees SLA complete their transformation ... Read the full article
QBE to sell Latin American operations to Zurich
26th February 2018
QBE Insurance Group Limited has announced plans to sell its Latin American operations to Zurich Insurance Group for a total aggregate price of US $409 million. The transaction includes operations in Argentina, Brazil, Columbia, Ecuador and Mexico, and will see Zurich become the leading insurer in Argentina and the third largest ... Read the full article
Swiss Re says “no certainty” SoftBank deal will be consumated
23rd February 2018
Swiss Re said this morning that while it's board is carefully assessing a potential transaction with Japanese tech and telecoms giant SoftBank, there is "no certainty" a common ground will be found and a deal proceed. Swiss Re confirmed recently that it has been in talks with SoftBank about the ... Read the full article
SoftBank seeking board seats at Swiss Re: Report
19th February 2018
According to the FT, the ongoing discussions between Japanese technology, telecommunications and investment giant SoftBank and its target investment reinsurance firm Swiss Re, include the former taking "multiple" board seats in the latter. Just over ten days ago the news emerged that Swiss Re is in what were termed advanced ... Read the full article
Peak Re takes minority investment from Prudential Financial
13th February 2018
Hong Kong based reinsurer Peak Reinsurance Company Limited (Peak Re) said this morning that it has taken a minority investment from a subsidiary of U.S.-headquartered Prudential Financial, Inc. The transaction has been achieved through the issuance of new shares in Peak Re, with Prudential Financial taking 13.1% of the reinsurer as ... Read the full article
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