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.
M&A activity is driving reinsurance demand, says Everest Re CEO
30th April 2018
Dominic Adesso, President and Chief Executive Officer (CEO) of Everest Re, has said that the company has experienced an increase in demand for reinsurance from larger primary insurers, driven by increased mergers and acquisitions (M&A) activity in the sector. Everest Re has also seen cedants increasingly turn to reinsurance solutions to ... Read the full article
Munich Re open to offer from anchor investor: CEO Wenning
23rd April 2018
At a time when reinsurers have been increasingly under pressure, it seems having major financial backers is becoming increasingly attractive and now reinsurance giant Munich Re is said to be open to having an anchor investor on-board. In an interview with Reuters, Munich Re CEO Joachim Wenning said that he would ... Read the full article
Insurance distribution M&A’s increased in 2017 in drive for scale & efficiency: Conning
23rd April 2018
2017 was a trail-blazing year for insurance distribution and services mergers & acquisitions (M&A) with the distribution space leading the way driven by the search for greater scale and efficiency, according to a recent Conning report. Matt Sternat, Vice President, Insurance Research at Conning, said; “2017 global insurance distribution merger and ... Read the full article
Asian InsurTech M&A tripled in 2017: Willis Towers Watson
10th April 2018
Global re/insurance broker Willis Towers Watson has reported that the total transaction volume of InsurTech mergers and acquisitions (M&As) in Asia hit US $460 million over 2017, a figure over three times greater than the one recorded over 2016. In its fourth Quarterly InsurTech Briefing, Willis Towers Watson attributed the surge ... Read the full article
Howden to acquire majority stake in Turkish broker ACP
9th April 2018
Howden, part of the Hyperion Insurance Group, has announced that it plans to purchase a majority stake in ACP, Turkey’s largest independent re/insurance broker. The transaction will considerably expand Howden's operations in Turkey, adding sites in Ankara, Bursa, and Izmir to the company’s existing office in Istanbul, which was established in ... Read the full article
Dramatic shift in reinsurance M&A trends, says Willis Re CEO Kent
5th April 2018
In the company’s latest reinsurance renewals report, Willis Re’s Chief Executive Officer (CEO), James Kent, observed a dynamic change in reinsurance mergers and acquisitions (M&A) activity as large primary carriers re-enter the reinsurance market. He suggested that new distribution models are causing the greatest disruption to major non-life primary companies with ... Read the full article
Kuvare finalises purchase of United Life Insurance
5th April 2018
Kuvare U.S Holdings, Inc. has announced the completion of its acquisition of United Life Insurance Company, a prominent U.S life re/insurer and subsidiary of United Fire Group (UFG). The acquisition brings the value of Kuvare’s consolidated assets to $3.7 billion, and the company will also benefit from United Life’s complete line ... Read the full article
Swiss Re open to commercial book bolt-on acquisitions: CEO Mumenthaler
4th April 2018
Global reinsurance firm Swiss Re is looking for growth within its commercial insurance book, the Corporate Solutions division, and is open to bolt-on type acquisitions to drive further growth in that area of its business. Speaking to the media this morning, Swiss Re CEO Christian Mumenthaler said that the firm would ... Read the full article
Athora Holding completes £170mn Aegon Ireland purchase
4th April 2018
Athora Holding Ltd. has announced the completion of its acquisition of Aegon Ireland plc, the Irish subsidiary of Dutch re/insurer Aegon N.V., for a final total consideration of approximately GBP 170 million (€195 million). Following the transaction, Athora now has roughly €10 billion of consolidated assets, 300,000 policyholders, and 400 employees ... Read the full article
SoftBank talks ongoing, but only a 10% investment stake on the table: Swiss Re
4th April 2018
According to reinsurance giant Swiss Re this morning, the talks with Japanese technology conglomerate and investor SoftBank Group are continuing, but the expectation is that if a deal is struck it will be for a maximum of 10% of the reinsurers share capital. The reinsurer explained this morning that, "negotiations are ... Read the full article
White Mountains buys majority stake in NSM Insurance Group
3rd April 2018
White Mountains Insurance Group has announced that it will acquire a majority equity stake in NSM Insurance Group, a specialty re/insurance program administrator, in a transaction that values NSM at approximately $388 million. NSM places over $500 million in premiums annually, and serves as a critical intermediary in the specialty re/insurance ... Read the full article
The Hanover explores alternatives for Chaucer business, including possible sale
29th March 2018
The Hanover Insurance Group, Inc. said today that it is exploring "strategic alternatives" for its London-based Chaucer business is underway, which could include a possible sale. A "review of strategic alternatives" is currently being undertaken by the firm, as it looks at its options for the Chaucer international specialty underwriting business ... Read the full article
SoftBank said to be getting closer to Swiss Re deal
29th March 2018
Japanese technology conglomerate, telecommunications and investments giant SoftBank Group is said to closing in on the acquisition of a roughly 25% stake in reinsurance firm Swiss Re, according to a report. Bloomberg said that SoftBank founder Masayoshi Son is set to offer between 100 and 105 Swiss francs per share for ... Read the full article
Axa’s Buberl confident of proving XL deal was the right choice
28th March 2018
The Chief Executive Officer (CEO) of insurer Axa, Thomas Buberl, has told the Financial Times that when discussing the firm's takeover of insurer and reinsurer XL it was evident the market wouldn't respond positively, but that he remains confident of convincing investors. It was announced in early March that Axa ... Read the full article
Zurich to acquire Oak Underwriting from RSA Insurance
28th March 2018
Zurich UK has announced plans to acquire Oak Underwriting plc from RSA Insurance for an undisclosed consideration. The agreement is expected to transform Zurich’s scale in the high net-worth sector, providing its existing high net-worth proposition, Zurich Private Clients, with a broader distribution platform and enhanced regional presence. Zurich claims that the ... Read the full article
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