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.
Aon to expand presence in UK & Ireland with Griffiths & Armour acquisition
1st November 2024
Global insurance and reinsurance broker Aon has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour, a move that aligns with its UK and Ireland expansion strategy. Upon completion of the transaction, Griffiths & Armour will become wholly-owned by Aon UK Limited and is proposed to go to ... Read the full article
SRG expands equestrian portfolio with Stonehatch acquisition
31st October 2024
Insurance intermediary Specialist Risk Group (SRG), has acquired Stonehatch, a specialist bloodstock and livestock insurance broker, a move that will complement its existing equestrian portfolio. Stonehatch was founded in 2024 by Chris Williamson, since then, the company has built a strong reputation in the bloodstock and livestock sectors, providing insurance solutions ... Read the full article
Clear Group to acquire specialist Lloyd’s broker LPR from B.P. Marsh
29th October 2024
Specialist private equity investor B.P. Marsh & Partners Plc has announced the sale of Lilley Plummer Holdings Limited, the 100% owner of specialist Lloyd’s broker Lilley Plummer Risks Limited (LPR), a marine and property specialist. Clear London Markets Limited, majority owned by Goldman Sachs, has agreed to acquire the ... Read the full article
Lockton enters Indian market with acquisition of Arihant Insurance Broking Services
29th October 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has granted independent insurance broker Lockton regulatory approval for the acquisition of Arihant Insurance Broking Services Limited. Lockton’s strategic expansion into the Indian market aligns with its broader vision to enhance its footprint in key emerging markets, aligning with the company's commitment ... Read the full article
A. J. Gallagher acquires investment consulting firm Redington
25th October 2024
Arthur J. Gallagher & Co. has acquired London-based investment consulting firm Redington. Serving clients primarily in the UK, Redington provides investment, research and technology services to pension funds, wealth managers and institutional investors. Redington's CEO, Sylvia Pozezanac, and her team will reportedly remain in their current location under the guidance of David ... Read the full article
McGriff acquisition expected to be modestly accretive in first year: John Doyle, MMC
17th October 2024
During Marsh McLennan's earnings call for the third quarter of 2024, John Doyle, the company's President and CEO, explained that the global broker's $7.75 billion acquisition of McGriff Insurance Services, LLC, is expected to be modestly accretive to adjusted earnings per share, excluding amortisation in year one, and become more ... Read the full article
Duck Creek Technologies acquires Risk Control Technologies
14th October 2024
Duck Creek Technologies, a provider of SaaS core systems for the P&C insurance industry, has acquired Risk Control Technologies, Inc. (RCT), a Toronto-based provider of risk management and loss control solutions. According to the announcement, this strategic investment is set to transform how insurance carriers prevent loss and manage risk, enabling ... Read the full article
Ardonagh completes acquisition of PSC Insurance Group
11th October 2024
The Ardonagh Group has confirmed it has completed the acquisition of PSC Insurance Group Limited. As per the insurance broking platform, the completion of this acquisition in the APAC region sees PSC’s operations in Australia and New Zealand now combined with its platform in the region, The Envest Group, led ... Read the full article
Aon’s NFP expands P&C offerings through Miller Insurance Group acquisition
9th October 2024
NFP, a company under Aon and a broker in property and casualty (P&C) insurance, benefits consulting, wealth management, and retirement plan advising, has acquired Richard S. Miller & Sons, Inc. dba Miller Insurance Group (MIG), a P&C and benefits agency with multiple offices in Indiana. Established in 1937, MIG provides commercial ... Read the full article
Growing confidence in M&A despite geopolitical & macroeconomic headwinds: WTW
8th October 2024
According to research from WTW, large deals have been at the forefront of M&A activity in 2024, reflecting growing confidence among dealmakers despite geopolitical and macroeconomic headwinds. WTW's research revealed that the volume of deals valued over $1 billion has continued to rise, reaching its highest level in two years with ... Read the full article
Brown & Brown acquires Minnesota-based The Canopy Group
4th October 2024
Insurance brokerage firm, Brown & Brown has announced one of its subsidiaries has acquired the assets of The Canopy Group, a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. Situated in Le Sueur, Minnesota, The Canopy Group caters to the needs of over ... Read the full article
Howden acquires UK and Ireland’s largest beauty membership providers ABT & AIT
4th October 2024
Howden has acquired Associated Beauty Therapists Ltd (ABT) and Associated Irish Therapists Ltd (AIT), two beauty membership providers that offer insurance broking services to members operating in the heath, wellbeing and beauty sectors in the UK and Ireland. ABT and AIT specialise in arranging the full range of covers, including medical ... Read the full article
Optio Group acquires Luxembourg-based MGA, Circles
3rd October 2024
Optio Group, a specialty managing general agent (MGA) has acquired the Luxembourg-based MGA, Circles Group (Circles) for an undisclosed sum, subject to regulatory approval. According to the announcement, the acquisition of Circles marks Optio's largest in Europe to date. At the same time, the acquisition also represents a critical development in Optio's ... Read the full article
PIB Group acquires RS Insurance Brokers
1st October 2024
PIB Group, the specialist insurance intermediary has acquired Nottingham-based RS Insurance Brokers, adding RS’s expertise in Fleet and Professional Indemnity in particular to its portfolio of specialisms. From what Reinsurance News understands, eight people will be moving into PIB from RS. RS's owner and Managing Director, Karll Smith, said that selling his ... Read the full article
B.P. Marsh acquires 44% shareholding in Czech MGA CEE Specialty
30th September 2024
B.P. Marsh has expanded its portfolio with the acquisition of a 44% stake in Czech marine and liability MGA CEE Specialty, providing €3.3m of funding which was utilised in full to effect a management buy-out. CEE Specialty is an underwriting agency founded in 2019 specialising in Marine Hull, Bonds and Liability ... Read the full article
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