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.
Munich Re acquires Next Insurance, to become part of ERGO
20th March 2025
Munich Re has signed a definitive agreement to acquire NEXT Insurance, which is to become part of ERGO, Munich Re’s primary insurance arm, marking a significant expansion into the US small and medium-sized businesses (SMB) segment. Over 30 million small businesses, spanning more than 1,000 professions, operate in the US, accounting ... Read the full article
The Doctors Company to acquire ProAssurance for $1.3bn
20th March 2025
US medical malpractice insurer The Doctors Company has announced it has entered into a definitive agreement to acquire specialty insurer ProAssurance Corporation. The all-cash transaction, valued at approximately $1.3 billion, will see ProAssurance stock holders receive $25.00 per share, representing an approximately 60% premium to the closing price per share price ... Read the full article
BMS completes acquisition of Spanish broker Rasher
20th March 2025
After obtaining regulatory approvals, BMS Group has now completed its acquisition of Spanish insurance broker Rasher, which specialises in surety, credit, finance and risk management solutions for corporate clients. Readers may recall BMS announcing its planned acquisition of Rasher in December 2024. At the time, the firm's CEO highlighted strategic alignment ... Read the full article
European insurance M&A surges 20% in 2024: FTI Consulting
19th March 2025
A new report from FTI Consulting has revealed that European insurance mergers and acquisitions (M&A) remained robust in 2024, reaching a record 694 announced deals, a rise of over 20% from the 574 deals recorded in 2023. As per the report, Broker acquisitions remain a major trend, driven by organic growth ... Read the full article
Howden reported close to $10bn Risk Strategies deal, $30bn IPO on the cards
18th March 2025
Global insurance and reinsurance broker Howden is reportedly nearing a $10 billion binding agreement to acquire Risk Strategies, a move that could set the stage for a future stock market flotation valuing the company at over $30 billion, as per Sky News. Readers may recall that Bloomberg had previously reported ... Read the full article
Swiss Re agrees sale of Definity stake for CAD 655m
18th March 2025
Swiss Re, one of the world's largest reinsurance companies, has agreed to sell all of its 11,647,217 common shares in Canada's Definity Financial Corp. for approximately CAD 655 million. The common shares, which represent approximately 10.05% of the issued and outstanding common shares of Definity as of March 17th, 2025, are ... Read the full article
Allianz agrees €2.6bn sale of stake in Indian non-life & life JVs to Bajaj Group
17th March 2025
Global insurer Allianz has agreed to sell its 26% stake in Bajai Allianz General Insurance Company and Bajaj Allianz Life Insurance Company to the Bajaj Group for around €2.6 billion, bringing an end to the joint venture agreements between the German insurer and Bajaj Finserv Ltd., an Indian non-banking financial ... Read the full article
Ardonagh Advisory acquires Anderson & Co expanding UK north division
14th March 2025
Anderson & Co (Holdings) Limited (ACH) and its subsidiary Anderson & Co (Insurance Brokers) Limited (ACIB) have been acquired by Ardonagh Advisory, expanding its presence in the North of the UK. Blackpool-based brokerage Anderson & Co, established over five decades ago, specialises in commercial and personal lines.Since its launch, it has ... Read the full article
Global insurance M&A hits 16-year low, rebound expected in 2025: Clyde & Co
12th March 2025
In 2024, global insurance carrier M&A dropped to a 16-year low, with high interest rates, geopolitical instability, and increased regulatory oversight reducing carriers' appetite for deals, according to Clyde & Co’s annual Insurance Growth Report. Only 204 transactions were completed in 2024, a sharp decline from 346 the previous year, marking ... Read the full article
QBE expands W&I presence in Nordics, appoints Samuel Pihl
11th March 2025
Commercial insurer QBE is expanding its Warranty & Indemnity (W&I) presence in the Nordics to meet the growing demand for transactional risk insurance solutions. Sweden’s M&A market, after a period of uncertainty, is showing signs of recovery. According to EY, 387 deals were completed in Q4’24, a 9% increase from the ... Read the full article
Gallagher’s acquisition of AssuredPartners pushed back amid regulatory review
10th March 2025
Arthur J. Gallagher (AJG) has received a request for additional information as part of the Hart-Scott-Rodino (HSR) filing for its proposed acquisition of AssuredPartners, extending the transaction's closing date to the second half of 2025. For those unfamiliar, AJG entered into a definitive agreement in December last year to acquire ... Read the full article
FTP acquires Coastal Flood Underwriters
10th March 2025
Independent MGA and wholesale insurer FTP, INC. has acquired Coastal Flood Underwriters, LLC, a provider of flood insurance solutions. This acquisition aligns with FTP’s commitment to strengthen and deliver comprehensive and tailored flood insurance solutions. The move will also allow FTP to execute its long-term strategy of expanding its specialty insurance offerings ... Read the full article
A. J. Gallagher to acquire Woodruff Sawyer for $1.2bn
5th March 2025
Arthur J. Gallagher & Co. has signed a definitive agreement to acquire San Francisco, California-based Woodruff Sawyer for a consideration of $1.2 billion. Woodruff Sawyer provides a full suite of commercial property and casualty products, employee benefits solutions and risk management services with a focus on middle and large market clients. According ... Read the full article
Amwins acquires Community Association Insurance Solutions
5th March 2025
Amwins, a distributor of specialty insurance products and services, has acquired Community Association Insurance Solutions (CAIS), a Managing General Agent (MGA) and Programme Administrator specialising in insurance solutions for homeowners' associations, townhomes, condominiums, and planned unit developments. As per the terms, CAIS will continue its ongoing operations as part of Amwins ... Read the full article
Aon acquires Mitsubishi Chemical Group’s in house insurance business in Japan
4th March 2025
Global insurance and reinsurance broker Aon completed its acquisition of Mitsubishi Chemical Group's (MCG) in-house insurance agency business on March 1, 2025. The in-house insurance agency business operated as part of Dia Rix, the in-house business services provider to MCG group companies. Aon will provide corporate and personal lines insurance to MCG ... Read the full article
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