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.
XL Group cited as M&A target for large re/insurers: Reports
8th February 2018
According to Bloomberg, XL Group the Bermudian parent company of global insurance and reinsurance brand XL Catlin, is a target for M&A, with Allianz and other major re/insurers said to be showing interest. XL Group is perhaps the largest Bermudian re/insurer and its global diversification makes it an attractive target for ... Read the full article
Swiss Re in talks with SoftBank Group over investment stake
8th February 2018
Zurich headquartered reinsurance giant Swiss Re is in talks with Japanese tech conglomerate and telecommunications specialists SoftBank Group over a minority investment in the reinsurer, the company confirmed late yesterday. The Wall Street Journal broke the news, saying that Swiss Re is in advanced talks to sell SoftBank what could be ... Read the full article
AIG seeks more strategic acquisitions, to offset Validus profits against deferred tax: Report
24th January 2018
Insurer American International Group (AIG) has not finished looking for other potential acquisitions, following the announcement of its $5.56 billion acquisition of Validus, according to a report. The FT spoke with AIG CEO Brian Duperreault who told the newspaper that he would continue to look at opportunities. "To ... Read the full article
RenaissanceRe takes minority shareholding in run-off specialist Catalina
19th January 2018
Bermudian reinsurance firm RenaissanceRe is to make a minority shareholding investment in non-life insurance and reinsurance run-off and consolidation specialist Catalina Holdings. RenaissanceRe will become a minority shareholder in Catalina, with the share investment being made through the reinsurers Ventures unit. Aditya Dutt, President of Renaissance Underwriting Managers, Ltd., will take ... Read the full article
Stone Point Capital & the Karfunkel-Zyskind Family propose AmTrust acquisition
10th January 2018
Private equity funds managed by Stone Point Capital, Barry Zyskind Chairman and Chief Executive Officer of AmTrust Financial Services, George Karfunkel and Leah Karfunkel (the Karfunkel-Zyskind Family), have jointly proposed to acquire all outstanding shares of AmTrust common stock. The Karfunkel-Zyskind Family currently owns or controls approximately 43% of the outstanding ... Read the full article
Beach & Associates acquired by Acrisure
10th January 2018
Reinsurance brokerage Beach & Associates is to be acquired by U.S. retail consulting and insurance broking group Acrisure, LLC, who will acquire 100% of Beach’s equity from existing shareholders, including private equity specialists Aquiline Capital Partners. Beach will retain its name, identity and approach under the new ownership, operating as an ... Read the full article
Munich Re’s Ergo sells legal insurance subsidiaries to Allianz
10th January 2018
German insurance and reinsurance group Munich Re has sold three of its ERGO Group operated legal insurance subsidiaries to Allianz Group. ERGO Group AG has sold its legal protection insurance subsidiary DAS Switzerland and the assets of DAS Luxembourg and Slovakia to Allianz, as it seeks to rationalise its primary insurance ... Read the full article
AIG shows appetite for large M&A deals: Reports
10th January 2018
Insurance giant American International Group (AIG) has reportedly regained its appetite for large mergers & acquisitions (M&A) deals, with a significant war chest of billions ready to put to work, since new CEO Brian Duperreault came on board. Bloomberg first reported that AIG had been in the running ... Read the full article
Singapore Life acquires $4.5bn business portfolio from Zurich Life Singapore
9th January 2018
Singapore Life Pte. Ltd. is to acquire the business portfolio of Zurich Life Singapore, an agreement that sees the former take responsibility for all of Zurich Life Singapore's clients' policies, totalling roughly SGD6 billion (US$4.5 billion). The agreement represents coverage for life, critical illness, and disability benefits, and all policyholders that ... Read the full article
Sompo International to acquire Lexon Surety Group
4th January 2018
Bermuda domiciled property and casualty reinsurer, Sompo International, has revealed that its U.S. platform has reached an agreement to acquire the operating subsidiaries of Lexon Surety Group LLC. The staff of Lexon and its office locations will be retained under the acquisition, and David Campbell will remain as President of Lexon, and ... Read the full article
SCOR completes acquisition of mutual life/health reinsurer MutRé
3rd January 2018
French reinsurance firm SCOR has said today it has successfully completed its 100% acquisition of MutRé S.A., a reinsurer that SCOR has held a 33% stake in since 1998. SCOR has now acquired 100% of the outstanding shares in MutRé S.A., a mutual reinsurer, established to serve the social economy in ... Read the full article
Allianz completes 49% acquisition of UK General Insurer LV
29th December 2017
Allianz has completed its acquisition of a 49% stake in Liverpool Victoria Friendly Society's (LV) UK General Insurance business (LV= GI), and confirmed plans to purchase a further 20.9% stake in the firm in 2019. The Allianz and LV partnership creates the third-largest personal insurer in the UK market, with a ... Read the full article
Mitsui Sumitomo completes purchase of Fairfax’s First Capital interest
28th December 2017
Fairfax Financial Holdings has now completed the sale of its 97.7% interest in First Capital Insurance Limited of Singapore to Mitsui Sumitomo Insurance Company, for a cash purchase price of $1.6 billion. The deal was first announced in August of this year, and has now completed after Mitsui Sumitomo received ... Read the full article
The Navigators to acquire Belgian insurer Assurances Continentales
19th December 2017
The Navigators Group has entered an agreement to purchase all the shares of Belgian specialty insurer Assurances Continentales -- Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM) - a move that will grow the firm's European presence. Navigators has proposed to pay EUR 35 million in cash for ... Read the full article
Mitsui Sumitomo approved to acquire First Capital stake from Fairfax
14th December 2017
Japanese insurance and reinsurance giant Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, has been approved to complete its proposed acquisition of Fairfax Financial Holdings Limited’s 97.7% interest in First Capital Insurance Limited of Singapore. The acquisition was originally announced back in August, as Mitsui Sumitomo and ... 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.
