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.
NormanMax to acquire FloodFlash
26th February 2025
FloodFlash, the parametric flood insurance provider with sensor technology, has agreed on terms to be acquired by NormanMax Insurance Holdings, a specialist parametric underwriter, subject to FCA approval. Following the transaction, FloodFlash will continue to operate as an MGA and Lloyd’s coverholder. The FloodFlash product will continue to be available to distributors ... Read the full article
NSM to sell US commercial insurance division to New Mountain Capital
24th February 2025
NSM Insurance Group, a global specialty insurance provider, has signed a definitive agreement to sell its US commercial insurance division to New Mountain Capital, a growth-oriented investment firm. The agreement includes NSM's diverse portfolio of 15 niche insurance programs across property & casualty, accident & health, and reinsurance, along with its ... Read the full article
Howden acquires Forbes Insurance and Hill Aviation
19th February 2025
Global insurance and reinsurance broker Howden has announced the acquisition of aviation specialists Forbes Insurance Limited, and the acquisition of the book of business from Hill Aviation Insurance Services Limited. Forbes Insurance and Hill Aviation will be rebranded as Howden and will form a new specialist retail Aviation division within Howden ... Read the full article
Marsh McLennan’s Mercer to acquire SECOR Asset Management
19th February 2025
Mercer, a business of Marsh McLennan, has announced it is to acquire SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. Terms of the transaction, which are subject to regulatory approvals and client consents, were not disclosed. The acquisition is expected to close in the second quarter of ... Read the full article
Strategic consolidation to drive re/insurance M&A activity in 2025, poll suggests
14th February 2025
After a challenging period for mergers and acquisitions (M&A) in the global re/insurance sector, industry analysts have suggested that 2025 could be the year the market turns, fuelled primarily by strategic consolidation, according to a recent Reinsurance News poll. The poll revealed that 49% of the hundreds of respondents believe strategic ... Read the full article
ILS managers Twelve Capital and Securis merge creating Twelve Securis
13th February 2025
Insurance-linked securities (ILS) focused independent asset managers, Twelve Capital and Securis Investment Partners have finalised their merger, establishing Twelve Securis. With $8.5 billion in assets under management, the combined firm is poised to capitalise on expanded investment opportunities across catastrophe bonds, private ILS, and the broader insurance markets. Twelve Securis will prioritise ... Read the full article
Aon appoints Thérèse Hamsten as Executive Director W&I
11th February 2025
Global insurance and reinsurance broker Aon has announced the appointment of Thérèse Hamsten as Executive Director of Warranty & Indemnity (W&I) within its M&A and Transaction Solutions team in Stockholm. Hamsten brings eight years of experience from AIG’s M&A group, where she underwrote W&I, tax liability, and contingency risk insurance. She joined ... Read the full article
EPIC strengthens specialised private client team with Chartwell acquisition
11th February 2025
EPIC Insurance Brokers & Consultants has expanded its private client practice with the acquisition of Chartwell Insurance Services, a specialist in personal property and liability solutions for successful individuals and families. Founded and led by Rebecca Korach Woan, the Chicago-based firm, is known for delivering personalised, niche services to discerning clients. It ... Read the full article
Charles Taylor expands adjusting network with Accurex partnership
11th February 2025
Charles Taylor, a global provider of claims solutions, has announced a new associate partnership with Accurex, a specialised loss adjusting bureau. This collaboration significantly broadens Charles Taylor's European reach, incorporating coverage in The Netherlands. The partnership integrates Accurex into Charles Taylor's extensive network of expert adjusters, providing Accurex with access to a ... Read the full article
Piraeus targets 70% stake in CVC’s Ethniki Insurance for €469m
10th February 2025
Piraeus Financial Holdings has agreed to enter into exclusive discussions with CVC Capital Partners' Fund VII to potentially acquire a 70% stake in CVC's Ethniki Insurance for €469 million. Ethniki Insurance is a Greek composite insurer covering the whole spectrum of insurance products with a c.14% market share (c.17% in life ... Read the full article
Clear Group acquires Irish broker Phelan Caswell Insurances
10th February 2025
Insurance intermediary Clear Group has acquired Dublin-based broker Phelan Caswell Insurances Ltd (PCI), including its financial planning assets. Founded in 1998, PCI - formerly BHP Insurances Ltd - provides comprehensive insurance offerings to over 2500 clients nationwide, specialising in commercial insurance types and sectors such as construction, hospitality and events. PCI has ... Read the full article
Brokerslink grows specialist global network with Wannet Sports addition
7th February 2025
Global broking business, Brokerslink, has added the independent broker and Dutch sports specialist, Wannet Sports Insurance to its network as a new affiliate in The Netherlands. Founded in Arnhem in 1995, the underwriting agency specialises in insuring sports clubs and athletes. Authorized by the Dutch Authority for the Financial Markets (AFM), Wannet ... Read the full article
L&G to sell US insurance entity to Meiji Yasuda for $2.3bn
7th February 2025
Legal & General has agreed to sell its US insurance entity, comprising its US protection and US Pension Risk Transfer businesses, to Meiji Yasuda Life Insurance Company, a Japanese mutual life insurance company, for an equity value of $2.3 billion. Following completion, Meiji Yasuda will reportedly own L&G’s US protection business ... Read the full article
Ryan Specialty Underwriting Managers launches Celerity Risk
4th February 2025
Ryan Specialty Underwriting Managers (RSUM) has launched Celerity Risk, a newly rebranded business unit formed following its acquisition of Innovisk Capital Partners in November 2024. The launch sees the integration of CorRisk Solutions, the U.S. wholesale division of Ryan Financial Lines, with Celerity Pro, formerly part of Innovisk. This combined entity ... Read the full article
Ryan Specialty completes Velocity Risk acquisition
4th February 2025
Ryan Specialty has completed its previously announced acquisition of Nashville, Tennessee-domiciled Velocity Risk Underwriters, LLC for $525 million from funds managed by Oaktree Capital Management, L.P. The acquisition aims to expand Ryan Specialty’s property catastrophe portfolio as Velocity, a provider of first-party insurance for catastrophe-exposed properties joins the buyer’s Ryan ... Read the full article
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