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.
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
Howden acquires Allianz Musical Insurance business
1st August 2024
Global insurance intermediary group Howden has announced the acquisition of Allianz UK’s Musical Insurance business, which it will incorporate into its music scheme, Lark Music. Following the transaction, the business’ customer base, marketing and operations teams will transfer into Howden’s Lark Music, which currently primarily services higher value instruments. This acquisition complements ... Read the full article
Miller continues european expansion with 4809 Brokers AG acquisition
1st August 2024
Independent specialist re/insurance broker Miller has announced the acquisition of reinsurance capital advisory business 4809 Brokers AG, its third European acquisition as it continues its expansion in the continent. Miller stated this acquisition is consistent with its reinsurance strategy, which is focused on growth opportunities in the value-add and advisory parts ... Read the full article
H Group Benefits acquired by insurance broker Relation
1st August 2024
Insurance brokerage firm Relation Insurance Services has acquired the assets of H Group Benefits, Inc., a health insurance agency based in Illinois, US. The transaction, which terms were not disclosed, went into effect on June 30, 2024. Tim Hall, Chief Executive Officer for Relation, said: “H Group has an outstanding reputation in ... Read the full article
Sixth Street to acquire Enstar in $5.1bn transaction
29th July 2024
Global insurance group Enstar is set to be acquired by existing investor Sixth Street in a $5.1 billion transaction, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the deal. Upon closing of the transaction, Enstar shareholders will receive a total of $338.00 in cash ... Read the full article
BMS to acquire UK insurance broker DR&P from Inflexion
29th July 2024
BMS Group, an independent specialist insurance and reinsurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P), a UK-based insurance broker, from European mid-market private equity firm, Inflexion. Founded in 1977, DR&P has a presence across the UK and Europe, handling more than £620 million in gross ... Read the full article
ILS managers Twelve Capital and Securis to merge
25th July 2024
Insurance-linked securities (ILS) focused independent asset managers, Twelve Capital and Securis Investment Partners, have announced their intention to merge, creating one of the world's largest ILS managers with assets under management of $7.8 billion. The announcement states that shareholders of both ILS investment managers remain fully invested in the combined business, ... Read the full article
SRG to acquire specialist P&C MGA Trilogy Underwriting
24th July 2024
Specialist Risk Group (SRG) has agreed to acquire Trilogy Underwriting, marking the second company to join its underwriting pillar, MX, in 2024. Formed in 2013 and Led by Managing Director Chris Blackwell, Trilogy Underwriting specialises in property and casualty business, supporting a select panel of wholesale and retail brokers across the ... Read the full article
Applied Systems acquires AI insurance firm Planck
23rd July 2024
Applied Systems has acquired Planck, an AI-based data platform provider for commercial insurance. By leveraging AI capabilities, Applied explained that it aims to enhance the speed and quality of critical business processes, including marketing, sales, underwriting, renewals, servicing, and advisory services. "This acquisition will further expand opportunities to harness AI's value in ... Read the full article
ASU completes majority acquisition of Argo’s remaining surety business
22nd July 2024
Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters' United Risk Division, has completed its acquisition of the majority of Argo's remaining surety business. If you recall, back in April of 2024, it was confirmed that ASU would acquire the majority of Argo Surety group’s in-force coal, oil, gas, and ... Read the full article
Century acquisition grows EPIC’s employee benefits practice and P&C lines
17th July 2024
EPIC Insurance Brokers & Consultants has expanded its footprint in the Pacific Northwest region of the US with the acquisition of Oregon-based firm Century Insurance Group, LLC, a specialist in employee benefits and commercial and personal P&C solutions. Century will tap into EPIC’s specialised services and technology-driven insurance solutions, strengthening its ... Read the full article
Fleming files lawsuit against James River and executives concerning JRG Re purchase
16th July 2024
Fleming Intermediate Holdings has reportedly filed a lawsuit for securities fraud, common-law fraud, and breach of contract in federal court against James River Group and its CEO and CFO concerning Fleming’s purchase of JRG Re from James River for approximately $300 million. For some background on this story, James River ... Read the full article
Origin Specialty acquires agricultural-focused MGU AIMS
12th July 2024
Origin Specialty Underwriters Agency, a partner company of Beyond Risk, has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused MGU. AIMS offers a variety of farm-related coverages, including homes, barns, farm equipment, auto, and liability. According to Origin Specialty, Clark Lindley founded AIMS to address the need for quality agribusiness insurance ... Read the full article
Global M&A activity gains momentum in 2024 amid regional challenges: WTW
11th July 2024
Global mergers and acquisitions (M&A) activity continues to build on the positive momentum seen at the beginning of 2024, with the second quarter's completed deals surpassing those of the same period last year, WTW's Quarterly Deal Performance Monitor (QDPM) reports. In collaboration with the M&A Research Centre at Bayes Business School, ... Read the full article
Amynta to acquire Unum Group’s Medical Stop Loss business
11th July 2024
Amynta Group, the insurance services company, has entered into a definitive agreement with Unum Group, which will see Amynta acquire the Group’s Medical Stop Loss business. According to the announcement, the business will operate as a full-service managing general underwriter (MGU) under Amynta Risk Solutions. For those who are not aware, the ... Read the full article
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