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.
Hyperion gets $400m+ investment from Québec pensions
5th December 2017
International insurance group Hyperion, which counts broking divisions Howden and RKH, and underwriting division DUAL, at its core, has received an investment of over $400 million from pension funds in Québec managed by Caisse de dépôt et placement du Québec (CDPQ). CDPQ is a long-term, institutional investor with a liking for ... Read the full article
Tryg to acquire Danish P&C insurer Alka for $1.3bn
4th December 2017
Scandinavian insurer Tryg has agreed to acquire Danish P&C insurer Alka Forsikring (Alka) for a total consideration of about $1.3 billion, in a move that brings its Danish market share up to 22%. The deal values the operations of Alka, the 8th largest Danish P&C insurance business, at about $908 million ... Read the full article
Aetna to be acquired by CVS Health in $77bn deal
4th December 2017
Health insurance giant Aetna is to be acquired by pharmacy and healthcare service provider CVS Health, in an M&A transaction estimated to be worth around $77 billion. CVS Health will acquire all of Aetna's outstanding shares using a combination of cash and stock. Aetna shareholders will receive $145.00 per share in ... Read the full article
Heritage approved for Narragansett Bay Insurance acquisition
27th November 2017
Heritage Insurance Holdings, Inc. said today that it has received regulatory approval to proceed with its acquisition of NBIC Holdings, Inc., the parent company of Narragansett Bay Insurance Company. Heritage announced its intention to acquire the parent of Narragansett Bay Insurance in August 2017, saying that it had offered $250 ... Read the full article
Allianz seeks 100% ownership of Euler Hermes
27th November 2017
Insurance giant Allianz has made an offer to acquire the remaining shares of trade-credit insurer Euler Hermes, as it seeks to take control of the company. Allianz has already secured the purchase of an additional 11.34% of Euler Hermes share capital, taking its ownership to 74.34% of Euler Hermes share capital ... Read the full article
Markel completes its acquisition of State National
20th November 2017
Financial services, specialty insurance and reinsurance group, Markel Corporation has completed its $919 million acquisition of fronting, program and lender service insurance specialist, State National Companies, Inc. Markel announced its agreement to acquire State National on July 26th 2017, so the transaction has been completed in a relatively short amount ... Read the full article
Brand strength to drive re/insurance M&As in digital age: Willis Towers Watson
16th November 2017
Brand strength is expected to be the strongest driver of M&A deals over the next three years, reflecting the re/insurance industry’s transition to digital sales, which require a strong, recognizable brand, according to a survey by Willis Towers Watson and Mergermarket. The survey shows the most powerful motivation for undertaking an ... Read the full article
Till Capital looking for buyer for Canadian subsidiary Omega Insurance
14th November 2017
Bermuda-domiciled Till Capital Ltd., which operates through wholly owned subsidiaries Omega Insurance Holdings Inc. and Resource Re Ltd., is looking to sell of the former and is seeking a buyer for Canadian subsidiary Omega. The company, which follows an investment-oriented reinsurance approach having been launched by investor Bill Lupien with the ... Read the full article
Reinsurers’ M&A strategies could be hit by recent capital loss events
10th November 2017
As reinsurers cope with significant third-quarter catastrophe-related losses, research analysts speaking at the 2017 Bermuda Reinsurance Conference said they believed that although the hit to reinsurer balance-sheets would be less severe than in previous high-loss years, it would impact firms' M&A strategies. "It seems like, if you look at the hits ... Read the full article
Preservation Capital acquires stake in cyber MGA Ascent
9th November 2017
Cyber and specialty lines Managing General Agent, Ascent Underwriting, has agreed that Preservation Capital Partners will take a substantial stake in the business subject to regulatory approval, providing significant capital to support Ascent’s growth ambitions. The Ascent managing team will retain a significant shareholding in Ascent and will continue to manage the ... Read the full article
Artex expands Cayman Islands platform with Chandler Insurance takeover
3rd November 2017
Artex Risk Solutions, a provider of insurance, reinsurance, and alternative risk management solutions, has announced the acquisition of Cayman Islands domiciled Chandler Insurance Management. The acquisition brings over 20 years of captive insurance management experience in the Cayman Islands to Artex, expanding its platform in the region. Commenting on the acquisition, Chief ... Read the full article
Post-catastrophe rate hikes could make reinsurance M&A more attractive
3rd November 2017
Reinsurance merger and acquisitions (M&A) activity has been in the doldrums somewhat in recent quarters, as the continued pressure on reinsurers has made them less attractive over time. With tepid demand growth, pressure from high levels of excess traditional reinsurance capital, as well as growing competition from alternative capital providers, coupled ... Read the full article
Aon Netherlands completes acquisition of UMG from Aegon
1st November 2017
Aon Groep Nederland, the Netherlands subsidiary of global insurance and reinsurance broker Aon, has completed the acquisition of Unirobe Meeus Group (UMG) from Aegon, for €295 million (US$343 million). The transaction includes the whole of UMG and strengthens Aon's position in the Netherlands marketplace, improving its presence in the SME and ... Read the full article
R&Q to novate management of ProSight’s Syndicate 1110
30th October 2017
Randall and Quilter Investment Holdings (R&Q), has reached an agreement with ProSight Specialty Insurance to novate the management of Syndicate 1110 to R&Q Managing Agency (RQMA), with day-to-day claims handling on non-U.S. business outsourced to R&Q Central Services. R&Q also announced plans to acquire 100% of the ProSight corporate members shares, ... Read the full article
The Hartford to acquire Aetna’s U.S. group life & disability business for $1.45bn
25th October 2017
The Hartford has announced that it will acquire Aetna's U.S. group life and disability business for $1.45 billion, in cash, subject to state regulatory approvals and other customary closing conditions. The deal will see The Hartford become the second largest group life and disability insurance company, with roughly $5 billion in ... Read the full article
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