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.
Fleming acquires JRG Re
17th April 2024
Fleming Insurance Holdings has confirmed its agreement to acquire JRG Reinsurance Company Ltd. from James River Group Holdings, Ltd. at the previously agreed upon terms, after the Supreme Court, New York County, Commercial Division issued an order directing Fleming Intermediate Holdings to complete the transaction. James River announced its ... Read the full article
DUAL strengthens European marine capability with acquisition of Swiss Re team
16th April 2024
DUAL, the specialist underwriting arm of Howden Group Holdings, has significantly strengthened its European marine capability by acquiring Swiss Re's Genoa-based Marine team, and has authority to write marine business for the global reinsurer going forward. The transaction is in line with DUAL’s ambitions of becoming a leading player in the ... Read the full article
Protective enters agreement to acquire ShelterPoint
11th April 2024
Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, Inc., has revealed that its principal subsidiary, Protective Life Insurance Company, has agreed to acquire ShelterPoint Group, Inc. ShelterPoint is a provider of statutory disability, paid family and medical leave, as well as medical gap insurance products, among others. The transaction is ... Read the full article
GeoVera combines insurance carriers with SafePort, sells MGA to SageSure
9th April 2024
GeoVera Insurance Holdings, Ltd. has announced its plans to sell its managing general agent business, GeoVera Advantage Insurance Services, Inc., to SageSure; once the deal closes, a new entity named GeoVera Nova Holdings, Inc. (GeoVera Nova) will emerge, assuming control of four insurance operating units. Following the completion of the transaction, ... Read the full article
Arch Insurance NA to acquire Allianz’s US MidCorp & Entertainment insurance businesses
5th April 2024
Arch Insurance North America, part of Arch Capital Group Ltd., has entered into a master transaction agreement to acquire the US MidCorp and Entertainment insurance businesses - which includes select specialty insurance programs - from Allianz Global Corporate & Specialty SE (AGCS) for a $450 million cash consideration to Allianz. According ... Read the full article
Applied Surety acquires majority of Argo’s oil, gas, mining, & coal surety businesses
5th April 2024
Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters' United Risk division, is set to acquire the majority of Argo Surety group's in-force coal, oil, gas, and mining business. According to ASU, it will immediately assume the management and administration of the exposures acquired, while Argo Surety continues some processing, renewing, ... Read the full article
Global M&A performance rises modestly in Q124, large transactions begin to stabilise: WTW
4th April 2024
Global mergers and acquisitions (M&A) activity saw a modest rise in completed deals during the first quarter of 2024 compared to the same period last year, according to research from WTW’s Quarterly Deal Performance Monitor (QDPM). Data has revealed that 166 deals valued over $100 million were completed globally during Q124, ... Read the full article
Suncorp Group agrees to sell Asteron Life to Resolution Life
4th April 2024
Suncorp Group Limited has signed a share sale and purchase agreement with Resolution Life NOHC, Resolution Life Group’s holding company in Australia and New Zealand (Resolution Life) to sell its New Zealand life insurance business, Asteron Life Limited for NZ$410 million. According to the announcement, the sale of Asteron Life for ... Read the full article
Howden bolsters presence in France with acquisition of brokerage group, OFRACAR
4th April 2024
Global re/insurance broker Howden has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen. Established in 1964 by Jean-Pierre Lecomte, OFRACAR is a broker based in Normandy, that specialises in property & casualty, employee benefit, motor fleet and transport. The company consists of 84 staff in offices ... Read the full article
Ardonagh Advisory completes acquisition of Westfield Insurance
3rd April 2024
Ardonagh Advisory has completed its previously announced acquisition of Westfield Brokers Ltd. Established in 2009 by Managing Director Peter Cowan, Westfield Brokers, which trades under the name of Westfield Insurance, is an independent commercial broker based in Horsham, West Sussex. The firm offers a range of general insurance products, including, fleet, ... Read the full article
Fleming still willing to acquire JRG Re on the right terms: CEO Haller
2nd April 2024
Fleming Insurance Holdings CEO Eric Haller has suggested that while the firm will continue to defend itself against the "meritless lawsuit" recently filed by James River Group Holdings, Fleming remains willing to acquire JRG Re "if James River cures its breaches of the agreement.” If you recall, on the 8th ... Read the full article
Marsh reports 30% increase in transactional risk claims in 2023
26th March 2024
Marsh, the insurance broker and risk advisor subsidiary of Marsh McLennan, has reported that despite the slowest annual period for US dealmaking in six years, its North America team successfully placed 1,046 transactional risk policies. The broker's clients in North America reported 240 transactional risk claims in 2023, representing a 30% ... Read the full article
FTI Consulting reports record activity for European insurance M&A
25th March 2024
FTI Consulting has published its European Insurance M&A Barometer Report for 2023, revealing that despite increasing interest rates, the year remained highly active for insurance mergers and acquisitions (M&A) throughout Europe. FTI Consulting highlights a record volume of activity, with a total of 574 insurance M&A deals announced throughout 2023. This ... Read the full article
Optimistic outlook for US insurance M&A market in 2024, says Sidley
22nd March 2024
Sidley Austin, a global law firm, has released its Global Insurance Review, offering an optimistic outlook for the US insurance mergers and acquisitions (M&A) market in 2024 following a challenging year in 2023. According to Sidley's report, the difficulties of 2023 were primarily attributed to slow M&A activity in the P&C ... Read the full article
DLA Piper strengthens insurance team with Carl Hotton as new M&A partner
22nd March 2024
DLA Piper, a global law firm, has just announced the appointment of Carl Hotton as a new mergers and acquisitions (M&A) partner in its insurance team. In his new role, Hotton will primarily focus on advising leading international insurance market clients on intricate and significant transactional matters. Additionally, he will provide ... Read the full article
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