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.
Generali sells German life insurance unit to Viridium Group
5th July 2018
Italian insurance giant Generali Group has announced the sale of its German life insurance unit Generali Leben to consolidation platform Viridium Group in a deal valued at up to €1 billion, with total estimated cash-in up to approximately €1.9 billion. The announcement follows reports last year of Generali looking to offload ... Read the full article
AFL acquires majority stake in UK employer protection MGA
3rd July 2018
AFL Insurance Brokers Ltd, the independent Lloyd’s broker, has acquired a controlling stake in specialist employer protection Managing General Agency (MGA) Concordia Employment Services Limited, for an undisclosed sum. Based in London, Concordia has been supporting UK employers by managing risks and exposures related to workplace disputes since its launch in ... Read the full article
Zurich completes Oak Underwriting takeover
3rd July 2018
Global insurer Zurich has completed the acquisition of Oak Underwriting from RSA Insurance, enhancing the company's high net-worth proposition, known as Zurich Private Clients. The insurer's purchase of Oak Underwriting, a high net-worth specialist insurer, makes Zurich one of the largest high net-worth insurers in the UK, and provides it with ... Read the full article
Allianz says major M&A deals are not on the horizon
29th June 2018
Insurance giant Allianz has denied that it has ambitions to complete a major merger or acquisition (M&A) deal, saying that no deals are on the horizon. Allianz also said at a day for investors and analysts held this week that they are not in discussion with any of the companies Read the full article
Insurers hopeful M&A will transform their business models: KPMG report
28th June 2018
A large number of global insurance industry executives are actively looking at acquisitions and partnerships in an effort to offset limited organic growth opportunities in an increasingly competitive landscape, which is being transformed by technological advances. This is according to the findings of a recent survey and accompanying report conducted by ... Read the full article
Re/insurers increasingly favour cross-border M&A deals: KPMG
27th June 2018
Re/insurance executives are actively pursuing mergers and acquisitions (M&A) deals to overcome sluggish industry growth, with companies increasingly looking for opportunities outside their country of domicile, according to financial advisory firm KPMG International. KPMG recently surveyed 200 global re/insurance industry executives, finding that 80% were expecting to seek between one and ... Read the full article
Tokio Marine prepares for further acquisitions with $9bn available capital
26th June 2018
Tokio Marine Holdings, one of Japan’s most acquisitive re/insurance companies, is reportedly looking to boost its profits by scouting for further deals in Asia and overseas with up to $9 billion in available capital, according to Reuters. Tsuyoshi Nagano, Chief Executive of Tokio Marine, told Reuters that the firm would have ... Read the full article
Marsh expands Texas operations with Wortham Insurance acquisition
25th June 2018
Global insurance and reinsurance broker Marsh has announced that it will acquire Houston-based independent insurance brokerage, Wortham Insurance. An agreement has now been reached between the two companies and the deal is expected to close in the third-quarter of this year, although terms of the transaction were not disclosed. Wortham has over ... Read the full article
Willis Towers Watson CEO eyes new deals
25th June 2018
Willis Towers Watson's Chief Executive Officer (CEO), John Haley, has told the Financial Times he is considering taking on new deals, three years after an $18 billion merger created the Company. It was in 2015 that Willis merged with Towers Watson and came shortly after Willis had purchased French broker Gras ... Read the full article
Sirius Group to go public via merger agreement with Easterly
25th June 2018
Sirius International Group, a global multi-line insurance and reinsurance group, has entered a merger agreement with Easterly Acquisition Corp. for a proposed business combination that would result in Sirius becoming a publicly listed company. Under the terms of the agreement, Easterly would merge with a subsidiary of Sirius Group to become ... Read the full article
AmTrust stockholders approve amended merger deal
22nd June 2018
AmTrust Financial Services has announced that its stockholders have approved its proposed merger transaction with Evergreen Parent, L.P. for the amended offer price of $14.75 per share in cash for all outstanding shares. Evergreen Parent L.P. is an entity formed by private equity funds managed by Stone Point Capital LLC, together ... Read the full article
U.S. domiciled AIA and PCI enter merger negotiations
21st June 2018
The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) have announced that they have entered merger discussions to create a unified U.S re/insurance trade organisation. A merged trade association would represent approximately 60% of the U.S property and casualty (P&C) market, creating an influential voice that ... Read the full article
Munich Re rumoured to be in talks to sell its asset manager
21st June 2018
According to industry reports, Munich Re is rumoured to be in talks with U.S. fund manager Guggenheim Partners LLC about the sale of its asset management arm, Munich Ergo Asset Management GmbH (MEAG). The Wall Street Journal first reported that talks are at an early stage, and that it remains uncertain ... Read the full article
AIG to acquire UK life insurer Ellipse from Munich Re
20th June 2018
American International Group, Inc. (AIG) has entered into an agreement to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. The acquisition will be funded by an undisclosed cash consideration, and will be conducted via AIG Life Ltd. (AIGLL), a UK subsidiary of AIG ... Read the full article
Generali finalises sale of PanEurope unit to LCCG
20th June 2018
Assicurazioni Generali SpA has completed the sale of its entire shareholding in its Ireland-based subsidiary, Generali PanEurope, to Life Company Consolidation Group (LCCG). Generali says the terms of the sale are in line with the transaction’s original announcement in December 2017, when it was revealed that Generali had agreed to ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
