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.
wefox to sell key carrier to Swiss consortium led by BERAG
3rd December 2024
Insurtech wefox Holding AG has reached an agreement with a group of Swiss companies (led by independent Swiss pension service provider BERAG) on the sale of Liechtenstein-based wefox Insurance AG. This follows the news from June about a restructuring effort, during which it was revealed that the Liechtenstein-domiciled insurance carrier, ... Read the full article
Potential acquisition of Direct Line by Aviva a credit positive for both groups: Moody’s
2nd December 2024
Analysts at Moody's Ratings have suggested that the potential acquisition of Direct Line by Aviva could bring credit positive benefits to both firms. Late last month, Direct Line rejected Aviva’s £3.28 billion 100% acquisition proposal, stating that it does not adequately reflect the company's standalone value, describing the offer as ... Read the full article
Allianz purchases general insurance business of RAA
2nd December 2024
Allianz has acquired the general insurance business of the Royal Automobile Association of South Australia Incorporated (RAA), expanding its consumer insurance presence in South Australia. The insurer’s partnership with the RAA, worth AUD$6422 million, also includes a 20-year exclusive distribution agreement for the Home and Motor insurance product lines of RAA. Within ... Read the full article
PIB Group acquires Netherlands-based broker and MGA platform Thoma
2nd December 2024
PIB Group, the specialist insurance intermediary, has acquired a Netherlands domiciled commercial lines insurance broker and managing general agent (MGA) platform, Thoma Exploitatie BV and its subsidiaries. The acquisition, which remains subject to regulatory approval in the Netherlands, bolsters PIB’s presence in the Benelux region, adding to the existing portfolio of ... Read the full article
Marco Capital completes acquisition of Inceptum from R&Q
29th November 2024
European P&C insurance run-off group Marco Capital Holdings Limited has completed its acquisition of Inceptum Insurance Company Limited, a UK non-life insurance company in run-off, from Randall & Quilter II Holdings Ltd. The acquisition was initially announced earlier this year, with reports stating that R&Q would receive £11.25 million from ... Read the full article
Direct Line rejects ‘highly opportunistic’ £3.28bn takeover bid from Aviva
28th November 2024
Direct Line has unanimously rejected Aviva's £3.28 billion ($4.16 billion) 100% acquisition proposal, stating that it does not adequately reflect the firm's standalone value, describing the offer as "highly opportunistic" and not in line with its long-term potential. In a recent announcement, Aviva confirmed that it made a 250-pence-per-share offer on ... Read the full article
Bishop Street to acquire MGA Landmark Underwriting
25th November 2024
Bishop Street Underwriters, a multi-boutique insurance platform, has announced that it will acquire Landmark Underwriting, a specialty focused managing general agent (MGA) in the London Insurance market. The financial terms of the acquisition were not disclosed and it is subject to United Kingdom’s Financial Conduct Authority regulatory approval. Landmark Underwriting provides multi-disciplined ... Read the full article
South Korea’s Hanwha Life to acquire majority stake in US-based Velocity Clearing
22nd November 2024
Hanwha Life, a South Korean life insurance company, has agreed to acquire a 75% stake in the parent of Velocity Clearing, an US-based global financial services firm. The Velocity Clearing management team will retain the remaining minority stake in the company. With this acquisition, Hanwha Life will establish a presence in the ... Read the full article
Optio continues European expansion with completion of Den Hartigh acquisition
21st November 2024
Managing general agent (MGA) Optio Group has completed the acquisition of Netherlands and Brussels based MGA Den Hartigh Beheer & Exploitatie B.V., a specialist in B2B insurance solutions. Established in 1916, Den Hartigh offers a variety of property and casualty insurance products. This includes coverage for land-based equipment, marine assets, and high ... Read the full article
One80 expands reinsurance offering with MGU Waypoint acquisition
19th November 2024
Specialty insurance broker One80 Intermediaries has acquired Waypoint Underwriting Management, LLC., a specialty reinsurance Managing General Underwriter (MGU) operating primarily in the United States. Terms of the deal were not disclosed. Jason Denechaud, Managing Partner, Waypoint, commented: “One80’s values are closely aligned with our focus on teamwork, transparency, accountability, and respect. ... Read the full article
Davies continues North American expansion with Barker Claim acquisition
19th November 2024
Davies, a specialist professional services and technology business serving the insurance market, has acquired North Carolina-based independent loss adjusting firm Budget Claims Services. With headquarters in Greensboro, Barker Claim Services provides professional claims handling and loss adjusting expertise predominantly across property, casualty and motor claims to insurers, municipalities and self-insured corporates ... Read the full article
Guy Carpenter to acquire remaining 51.5% of Carpenter Turner
19th November 2024
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-domiciled regional reinsurance broking and advisory business. The transaction is expected to close before the end of the year, but the terms were not disclosed. Established in ... Read the full article
Marsh McLennan completes $7.75bn acquisition of McGriff
18th November 2024
Marsh McLennan has completed its acquisition of insurance broking and risk management services provider McGriff Insurance Services, LLC. Founded in 1886, McGriff provides commercial P&C insurance, surety, employee benefits, and personal lines insurance solutions to businesses and individuals across the US. Marsh McLennan initially announced this acquisition in September, stating ... Read the full article
SRG boosts claims capabilities with One Claim acquisition
15th November 2024
Insurance industry intermediary, Specialist Risk Group (SRG), has announced the acquisition of Essex-based One Claim Limited. The UK company provides broker partners and their clients with claims management support from initial notification through to settlement. Now sitting within SRG’s MGA pillar MX, the One Claim team has significant expertise in the motor ... Read the full article
Vertafore expands AI capabilities with Surefyre acquisition
12th November 2024
Insurtech Vertafore has acquired Surefyre, a submission and underwriting workbench platform built to empower managing general agents (MGAs) and wholesalers. By incorporating Surefyre's AI-powered, low-code/no-code solution into Vertafore's top-tier MGA ecosystem of solutions, this acquisition reinforces Vertafore's position as an industry leader, the firm highlighted. The addition of Surefyre's solution, Vertafore MGA ... Read the full article
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