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.
EPIC strengthens commercial and private client practices with Phillips Bros. acquisition
4th September 2024
EPIC Insurance Brokers & Consultants (EPIC) has expanded its presence in the midwest of the US with the acquisition of Phillips Bros. Insurance Agency. Based in Chicago, Phillips Bros. is a multi-line firm that focuses on private client and commercial property & casualty solutions. The fifth-generation family-run firm led by father-and-son duo ... Read the full article
Ryan Specialty to acquire Ethos Specialty’s P&C MGUs from Ascot
3rd September 2024
Ryan Specialty has signed a definitive agreement to acquire the property & casualty (P&C) MGUs owned by Ethos Specialty Insurance, LLC (Ethos P&C) from Ascot Group Limited, with the acquisition expected to close during September 2024. Ethos P&C was founded in 2017 by Ascot Group, and following completion of the acquisition, ... Read the full article
Ryan Specialty to acquire certain assets of MGA Geo Underwriting Europe
3rd September 2024
Ryan Specialty, the international specialty insurer, has signed a definitive agreement to acquire certain assets of the European managing general agent (MGA), Geo Underwriting Europe BV (Geo Europe), which is part of The Ardonagh Group. The company is based in Rotterdam, Netherlands, but also has operations in Germany. The company specialises ... Read the full article
Rising Edge acquires AMANIKI and launches Transactional Liability insurance offering
2nd September 2024
Rising Edge, a London-based directors’ and officers’ (D&O) Managing General Agent (MGA), and insurance broker, has announced it has signed an agreement to acquire AMANIKI GmbH. AMANIKI is an independent MGA that has been operating since 2019 under the leadership of Niki Demirbilek, who will be joining Rising Edge’s Executive Committee. Its ... Read the full article
Fitch anticipates rise in reinsurance M&A activity as market softens
2nd September 2024
Although 2024 has not seen any major reinsurance M&A announcements, Fitch Ratings expects that as the market inevitably softens and organic growth opportunities diminish, companies that have accumulated capital may seek to acquire less successful re/insurers. Fitch analysts noted that M&A activity has slowed in 2024 following several large deals in ... Read the full article
PCF Insurance announces acquisition of 360 Insurance
23rd August 2024
PCF Insurance Services has acquired the insurance business of 360 Insurance, based in Las Vegas, Nevada. With roots in the Las Vegas Valley, the acquired organisation is licensed to operate across the US. For over 75 years, 360 Insurance, a provider of auto, home, commercial, and life insurance solutions, has been catering to ... Read the full article
SRG bolsters retail business with Anthony James Insurance Brokers acquisition
20th August 2024
Specialist Risk Group (SRG), the insurance intermediary, has acquired Anthony James Insurance Brokers in a move that is set to expand and further strengthen SRG's retail pillar - Specialist Risk Insurance Solutions (SRIS). Subject to regulatory approval, Anthony James becomes SRG’s fifth acquisition since it announced its new investment partners, Warburg ... Read the full article
AUB Group to acquire 80% equity stake in UK insurance broker Movo
19th August 2024
Australian insurance broker AUB Group has entered into an equity partnership with Movo Group, a UK insurance broking business. The transaction is subject to regulatory approval. AUB has agreed to acquire an 80% equity stake in Movo, including: Authorised Representative (AR) network Movo Partnership; equity broking group, Movo Insurance Brokers; and ... Read the full article
Emerald Bay expands tailored insurance solutions with Mainsail acquisition
16th August 2024
Collaborative underwriting carrier Emerald Bay Risk Solutions is set to expand its tailored insurance solutions with the acquisition of P&C insurer Mainsail Insurance Company in a private transaction. Mainsail, previously a 100% reinsured subsidiary of Spinnaker Insurance Company, provides P&C insurance coverage, offering 17 varying lines of insurance, including auto, property, ... Read the full article
Allstate to sell Employer Voluntary Benefits arm to The Standard for $2bn
14th August 2024
US primary insurer Allstate has entered into a definitive agreement to sell its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) for $2 billion in cash, adjusted for the closing balance sheet. The transaction is subject to customary closing conditions and approvals, expected to close in the first ... Read the full article
Howden acquires Help Me Compare Group (ActiveQuote)
12th August 2024
Howden, a global insurance intermediary group, has acquired UK health and life insurance broker, Help Me Compare Group Limited (ActiveQuote) and its subsidiaries (HMCGL), in a move that is set to bolster Howden's position across the health insurance broker market in the UK. Established in 2009 by Richard Theodossiades, HMCGL employs ... Read the full article
Assured Guaranty Municipal Corp. merges into Assured Guaranty
9th August 2024
Assured Guaranty Inc. (AG), a company that offers financial guarantees and credit enhancement products, has completed the merger of Assured Guaranty Municipal Corp. (AGM), with AG as the surviving company. The merger was initially announced on July 8, 2024, and was effective as of August 1, 2024. With the completion of ... Read the full article
DARAG to sell North American & Bermuda business entities to RiverStone
8th August 2024
Legacy acquirer DARAG Group has agreed to sell its North American and Bermuda business entities to the RiverStone Group. According to DARAG, this transaction will simplify its operations, permitting the firm to focus on its core European business. In addition, the deal will bring in additional capital, allowing DARAG to execute ... Read the full article
Marsh McLennan Agency completes acquisition of Illinois-based broker Horton
5th August 2024
Marsh McLennan Agency, a subsidiary of Marsh, has completed the acquisition of 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, Illinois, Wisconsin, Minnesota, ... Read the full article
Buruj and MedGulf sign agreement for potential merger
2nd August 2024
Buruj, a multi-line non-life insurance underwriter and insurance group MedGulf, have signed a non-binding Memorandum of Understanding (MOU) to evaluate a potential merger between the two companies. The MOU aims to establish a framework for the strategic transaction through a share exchange offer. “Both companies will conduct financial, tax, legal, and actuarial ... 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.
