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.
Monarch E&S acquires MGA Commercial Sector Insurance Brokers
11th July 2024
Monarch E&S Insurance Services, a division of Specialty Program Group LLC, has acquired the assets of Commercial Sector Insurance Brokers, LLC (CSIB), an Excess & Surplus (E&S) wholesale broker based in Birmingham, Alabama. With a management team with over 50 years of combined industry experience led by Bob Bleistine, CSIB is ... Read the full article
Assured Guaranty to merge US financial guaranty insurers
10th July 2024
Assured Guaranty Municipal Corp. (AGM), an Assured Guaranty Ltd. subsidiary that provides financial guarantees for municipal bonds, will merge with Assured Guaranty Inc. (AG), a company that offers financial guarantees and credit enhancement products, anticipated to take effect on August 1, 2024. The merger of AGM and AG into a single ... Read the full article
Marsh McLennan Agency to acquire Illinois-based broker Horton
10th July 2024
Marsh McLennan Agency, a subsidiary of Marsh, has entered into a definitive agreement to acquire The Horton Group, Inc., a full-service insurance brokerage based in Illinois, US. Horton, which was founded in 1971, offers property and casualty insurance, employee benefits consultation, and personal lines coverage to businesses and individuals across Indiana, ... Read the full article
Aviva completes £249m acquisition of Probitas
10th July 2024
Aviva has completed the acquisition of Probitas Holdings (Bermuda) Limited for a consideration of £249 million, marking the firm’s entry into the Lloyd’s market. If you recall, back in March, it was revealed that Aviva would acquire 100% of Probitas Holdings (Bermuda) Limited, the ultimate holding company of the Probitas ... Read the full article
Ripe appoints Richards as head of M&A as it accelerates expansion plans
9th July 2024
UK fintech Ripe has announced the appointment of Jamie Richards as Head of Mergers and Acquisitions (M&A). Tasked with leading Ripe’s Acquisitions strategy, his appointment is to help the company to further expand the business through targeted acquisitions across commercial and specialist personal lines. This is in addition to Ripe’s continued focus ... Read the full article
Davies names Amber Wilkinson as Group CFO
9th July 2024
Davies, a specialist in professional services and technology, has appointed Amber Wilkinson as its new Group Chief Financial Officer (CFO). Currently serving as CFO at global law firm DLA Piper since 2021, Wilkinson brings extensive experience from over a decade at insurer AXA. She held senior roles including CFO of AXA Health ... Read the full article
SRG enhances equestrian capability with Carriagehouse acquisition
9th July 2024
Specialist Risk Group (SRG), the insurance intermediary, has acquired the ongoing business of Carriagehouse. Established over three decades ago, Carriagehouse plays a key role in supporting the equestrian industry by providing a wide range of specialist products, including, policies for horses and donkeys, horseboxes and horse trailers, carriages and harness and ... Read the full article
UK insurance M&A deal value hits £900m in H1 as total number increases: EY
9th July 2024
As per a new report from EY, the number of publicly disclosed M&A deals in the UK insurance industry increased from 54 in H1 2023 to 94 in H1 2024, while the overall disclosed deal value climbed from £400 million to £900 million. This information comes as part of EY’s latest ... Read the full article
Sampo obtains all regulatory approvals needed to acquire Topdanmark remaining shares
9th July 2024
Finish insurer Sampo has obtained all the necessary regulatory approvals for the exchange offer to the shareholders of P&C insurer Topdanmark. Back in June Sampo announced its intentions to acquire all of the outstanding shares in Topdanmark not already owned for 33 billion Danish Krone (€4.42 billion). The deal is subject ... Read the full article
BMS names Ryo Iizuka Director of PEMAT Japan
9th July 2024
BMS Group, an independent specialist re/insurance broker, has announced the appointment of Ryo Iizuka as a Director of the Private Equity, Mergers & Acquisitions, and Tax (PEMAT) in Japan, effective immediately. The resurgence in M&A activity in the Asian market, especially in Japan, according to BMS’s 2024 PEMAT report, has led ... Read the full article
Ardonagh Advisory acquires Rollinson Smith Insurance Brokers
9th July 2024
The SME broking platform of The Ardonagh Group, Ardonagh Advisory, has acquired Rollinson Smith Insurance Brokers (RSIB), the community broker servicing the Shropshire, Staffordshire, West Midlands and North Wales regions with considerable reach in London, as well as other areas of the United Kingdom. Established in 1974, RSIB offers commercial and ... Read the full article
Several macro forces can drive corporate progress between now and 2026: Mayer Brown
8th July 2024
Financial leaders brace for change to address multiple threats as they face significant gaps in organisational preparedness for successful business transformation, a recent Mayer Brown study has found. "The Next Organization: Seven Dimensions of Successful Business Transformation (A Financial Services Report), which includes insights from 197 leaders from financial services firms, ... Read the full article
Davies secures £1.5 billion refinancing to support growth initiatives
5th July 2024
Davies, a provider of specialised professional services and technology solutions for insurance and highly regulated markets, has announced a successful £1.5 billion refinancing of its senior debt facilities. This move significantly lowers its interest expenses, extends debt maturity dates, and secures additional credit lines to support its future growth initiatives. The agreement ... Read the full article
PIB expands presence in Poland with Nord Group acquisition
5th July 2024
PIB Group, a specialist insurance intermediary, has expanded its presence in Central and Eastern Europe with the acquisition of Nord Group, a provider of risk management, insurance and reinsurance solutions in Poland. PIB signed a conditional agreement to acquire 100% of the shares in the companies of Nord Group, which include ... Read the full article
EU “Goldilocks environment” to keep risks low, M&A a potential challenge: Berenberg
4th July 2024
The current “Goldilocks environment”, a macro environment of moderate growth, moderate inflation and moderate interest rates according to Berenberg, will allow insurers in the European Union (EU) to deliver on their strategic plan targets. Berenberg analysts arrived at this conclusion following the publishing of the Financial Stability Report by EIOPA, the ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
