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.
Former WTW and Marsh McLennan leader launches Uplift Strategy Consulting
27th March 2025
Veteran insurance and reinsurance executive Simone Camilla Oliveira has launched Uplift Strategy Consulting, a London-based boutique advisory firm that aims to drive transformations for re/insurers. Uplift Strategy Consulting helps its clients transform complex business transitions, such as M&A due diligence and integration, operational restructuring, and international market expansion, into ... Read the full article
A. J. Gallagher acquires Texas-based Litchfield Special Risks
25th March 2025
Risk Placement Services, Inc. (RPS), the US wholesale brokerage and binding authority and programs division of Arthur J. Gallagher & Co., has acquired Litchfield Special Risks, Inc. (LSR). Terms of the transaction were not disclosed. LSR, a wholesale insurance broker and managing general agency (MGA) based in El Paso, Texas, specialises ... Read the full article
Howden to acquire UK professional services consultancy Barnett Waddingham
25th March 2025
Howden has agreed to acquire Barnett Waddingham, a UK professional services consultancy across risk, pensions, investment and insurance. Over the last five years, Howden has invested £2.4 billion to expand its UK footprint, and this new acquisition is expected to bring high-quality pension and related advisory capabilities to the firm, providing ... Read the full article
FGR announces FG RE Corporate Member Limited sale
24th March 2025
FG Reinsurance Holdings, LLC (FGR), an indirect wholly owned subsidiary of Fundamental Global Inc., has entered into an agreement to sell its entire issued share capital of FG RE Corporate Member Limited. The sale agreement of FG RE, a company incorporated and registered in England and Wales, was executed on March ... Read the full article
Palomar to acquire Advanced AgProtection
21st March 2025
Specialty property insurer Palomar Holdings has entered into a definitive agreement to acquire Advanced AgProtection (AAP), a Texas-domiciled specialised crop managing general agent (MGA), building on the pairs successful collaboration over the last two years. The AAP team is comprised of industry veterans with longstanding relationships and a proven track record ... Read the full article
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
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