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.
AmWINS expands with Partners acquisition
20th April 2017
AmWINS Group and Partners Specialty Group, are set to merge to form a single U.S. -based specialty insurance broking giant, with a global operating spectrum of $14 billion of combined annual premiums and 4,100 employees across 12 countries. Partners will join AmWINS' Brokerage Division, expanding the firm's broking capacity with its expertise ... Read the full article
2017 an “environment of cautious optimism” for U.S. & Bermudian M&A: Deloitte
13th April 2017
Deloitte has proclaimed its M&A outlook for this year an "environment of cautious optimism," saying it expects U.S. and Bermudian re/insurers to plan for, but delay final execution of mergers & acquisitions until implications of potential regulatory and tax code changes become clearer. “Entering 2017, the post-election stock run-up and quarter-point ... Read the full article
Consolidation to remain a key trend in EU re/insurance: A.M. Best
12th April 2017
Despite the number of merger and acquisition M&A deals seen between European life and non-life insurers having fallen in 2016, A.M. Best believes that a trend of consolidation is set to continue for the sector. The rating agencies view of consolidation is that; "M&A is not, in itself, good or bad. ... Read the full article
Conning forecasts record levels of M&A activity in 2017
10th April 2017
A record number of M&A transactions in the distribution end of the market, with tech-driven service providers and equity brokers at the forefront of the transaction boom, is predicted for 2017 in investment management firm, Conning’s, annual global insurance M&A study. Insurance brokers and private equity sponsors have been leading the ... Read the full article
DARAG to acquire Sweden-based captive insurer Ikano Försäkring AB
7th April 2017
Run-off specialist DARAG is set to acquire Ikano Försäkring AB, a Stockholm-based European captive insurer and member of the Ikano Group - an international group of companies operating in finance, insurance, production, real estate and retail. DARAG has chosen not to reveal details of the transaction costs - the share purchase ... Read the full article
Insurer Croatia Osiguranje completes Croatia Lloyd takeover
6th April 2017
Insurer Croatia Osiguranje yesterday announced the completion of its takeover of local reinsurance entity Croatia Lloyd. The acquisition enables the firm's expansion into the reinsurance segment, which the insurer hopes to utilise to give a boost to its affiliate businesses in Macedonia, Bosnia and Herzegovina, Serbia and Slovenia. Croatia Lloyd had been ... Read the full article
PartnerRe completes acquisition of life reinsurer Aurigen
4th April 2017
PartnerRe has announced the completion of its acquisition of life reinsurance company, Aurigen Capital Limited. Aurigen’s core business has been the reinsurance of life insurance policies of North American residents, and since 2013, mortality risk solutions in the U.S. Aurigen is a top-five life reinsurer in Canada based on recurring new reinsurance ... Read the full article
M&A activity looms over Bermudian market: A.M. Best
4th April 2017
M&A activity “looms” over the Bermudian market as global re/insurers look to grow their books in a market where fresh underwriting ground is becoming increasingly scarce, A.M. Best analysts said in their recent report on Bermudian market trends. Analysts said conditions in Bermuda were “ripe” for more M&A activity, although questions which ... Read the full article
Hannover Re acquires Lloyd’s firm Argenta Holdings
20th March 2017
Hannover Re has agreed to acquire UK holding firm Argenta Holdings - the owner of managing agent Argenta Syndicate Management, Argenta Private Capital, and a pro rata share of the Lloyd's syndicate Argenta Syndicate 2121. According to Argenta, Lloyd’s Syndicate 2121 has a stamp capacity for 2017 of £300 million. The firms ... Read the full article
M&A more expensive as Asian reinsurers seek diversification: Fitch
17th March 2017
M&A activity became more competitive last year, with valuation multiples shooting up as Chinese and Japanese reinsurers follow international earning diversification strategies, according to Fitch's newly released study on reinsurance market trends. Fitch said valuation multiples for M&A activity had risen last year to nearly 2.0x due to the influx of Asian ... Read the full article
Willis Towers Watson to acquire French aviation broker OAAGC
20th February 2017
Willis Towers Watson is set to acquire French aviation broker, OAAGC - a move that will see Willis' aviation business expand to top aviation insurance and reinsurance broker in France. The acquisition would transfer the entire OAAGC team and book of business over to Willis, and offer OAAGC clients access to Willis’s ... Read the full article
Enstar to sell Pavonia Life to Global Bankers Insurance Group for $120m
20th February 2017
Bermuda based insurance, reinsurance and run-off specialist Enstar Group has announced a $120m agreement to sell its Pavonia Holdings (US), Inc. subsidiary to an affiliate of Global Bankers Insurance Group for $120 million. Enstar originally acquired the Pavonia business, which includes Pavonia Life Insurance Company of Michigan, Pavonia Life Insurance Company of ... Read the full article
Fairfax Financial heads to New Zealand with $197m Tower acquisition
9th February 2017
Prem Watsa's Fairfax Financial, which owns Brit Insurance and is in the process of acquiring re/insurer Allied World, is entering the New Zealand insurance market with the acquisition of Tower Insurance. Announced today, Fairfax Financial has made an all cash offer at $1.17 per share, so valuing the insurer at ... Read the full article
Fairfax to tap Omers pension fund, other investors, to finance Allied World buy
25th January 2017
Fairfax Financial Holdings Limited is close to securing as much as $1 billion from Canada's OMERS pension fund to help finance its acquisition of Allied World Assurance Company Holdings, AG, according to reports. Prem Watsa's Canadian property & casualty insurance and reinsurance group Fairfax is set to acquire Switzerland headquartered specialty ... Read the full article
Soft re/insurance market conditions now main obstacle to MGA growth
20th January 2017
Soft re/insurance market conditions have replaced regulation and compliance as the main factor impacting growth of managing general agents (MGAs), according to a survey released yesterday by MGA start-up specialists, Castel Underwriting Agencies Limited (Castel). The Managing General Agents’ Association (MGAA), a Castel research-based partnership, surveyed its members to identify factors ... Read the full article
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