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.
Davies expands global reach with acquisition of forensic accounting firm MDD
13th February 2024
Davies, a specialist professional services and technology business, has announced the acquisition of Matson, Driscoll & Damico (MDD), a prominent international forensic accounting firm. MDD, renowned for its expertise in assessing economic damages across various sectors including insurance and legal, operates globally with over 330 professionals serving more than 1,000 clients ... Read the full article
RiverStone International completes acquisition of Catalina Insurance Ireland
6th February 2024
RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has completed the acquisition of Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. RiverStone first announced the acquisition in September of 2023, receiving regulatory approval in January 2024 and officially closing the ... Read the full article
Arthur J. Gallagher acquires Horak Insurance
31st January 2024
Arthur J, Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has acquired Washington, Iowa-based Horak Insurance, Inc., a retail property & casualty (P&C) insurance agency. The organisation provides services for commercial and personal lines clients, as well as farms in eastern and central Iowa. Read the full article
Arthur J. Gallagher acquires Forest Insurance Facilities
30th January 2024
Global insurance brokerage, Arthur J. Gallagher & Co., has announced that its US wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. Forest Insurance Facilities is a commercial lines wholesale insurance broker and managing general agency (MGA). The company serves clients ... Read the full article
Generali’s position strengthened by recent acquisitions: CEO Donnet
30th January 2024
Generali Group CEO, Philippe Donnet, has suggested that the firm's recent acquisitions have further strengthened its position as a leading European insurer while also expanding its Asset Management business globally. According to Generali, the acquisition of Liberty Seguros, announced in June 2023, will enhance the firm's competitiveness and will contribute ... Read the full article
NFP acquires London-based Advanced Insurance Consultants
24th January 2024
Middle-market P&C broker NFP has acquired Advanced Insurance Consultants Limited (AIC), an insurance broker based in London. According to NFP, AIC's specialised expertise includes the agriculture, marine, leisure, vehicle and construction industries. While predominantly a commercial insurance broker, the firm said that AIC also provides personal insurance for individuals. Matt Pawley, regional ... Read the full article
Howden expands UK network with acquisition of Laurie Ross
23rd January 2024
In a strategic move to expand its presence in the UK, Howden, the global insurance group, has successfully acquired Laurie Ross, a prominent personal and commercial lines broker based in Scotland. The announcement was made as part of Howden's ongoing commitment to growth and the strengthening of its high street presence ... Read the full article
Lombard International rebrands to Axcelus Financial following BroadRiver acquisition
23rd January 2024
Lombard International US & Bermuda has announced that it is rebranding to Axcelus Financial after getting acquired by an affiliate of specialised asset management firm BroadRiver Asset Management, L.P. The firm explained that as it embarks on a new chapter as Axcelus Financial, it will "continue to be a leader" in ... Read the full article
UK financial services M&A activity sees fall in 2023: EY
18th January 2024
Financial services M&A activity in the UK saw a 9% fall in 2023, with 273 deals recorded in the year compared to 301 deals in 2022, according to EY’s latest financial services M&A analysis. Additionally, the report found that the total disclosed deal value for the year fell to £12.1bn in ... Read the full article
Gallagher Re acquires Toronto-based MGB Re to grow medical reinsurance business
16th January 2024
Arthur J. Gallagher & Co.'s reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). MGB is a provider of reinsurance solutions to health maintenance organisations, managing general underwriters and insurance companies in the U.S. medical sector. According to Gallagher, the MGB leadership team of Andrew Barth, Jacqueline Greer and Thomas ... Read the full article
Bridge Specialty to acquire Singapore-based insurance broker Acorn
16th January 2024
Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, has agreed to acquire Singapore-based insurance broker Acorn International Network Pte Ltd. Licensed by the Monetary Authority of Singapore, Acorn is led by founder and CEO David Ong, who holds over 45 years of experience in the industry, including ... Read the full article
Global M&A set for rebound in 2024 after challenging year: WTW
15th January 2024
Recent data from WTW's Quarterly Deal Performance Monitor (QDPM) indicates a downturn in global mergers and acquisitions (M&A) activity in the final quarter of 2023, with buyers facing challenges in adding value. The study reveals that M&A deal performance hit an all-time low in Q4 2023, with companies completing deals underperforming ... Read the full article
MEDVIDA completes merger with MEDVIDA Partners
15th January 2024
Mediterráneo Vida (MEDVIDA), has completed it's merger with MEDVIDA Partners, the Spanish insurance organisation - formerly known as CNP Partners, which was acquired by the group in 2022. The merged company, which manages close to €3.5 billion in assets, reaffirms its appetite for making further acquisitions of life insurance businesses ... Read the full article
R&Q shareholders approve sale of Accredited
11th January 2024
At a special general meeting held earlier today, R&Q Insurance Holdings Ltd.'s shareholders approved the sale of the company's program management business, Accredited, which is expected to close in the first half of 2024. The global non-life specialty insurer confirmed in September 2023 that it was in advanced talks regarding ... Read the full article
HDI Global Specialty takes control of MGA Falcon Risk
10th January 2024
HDI Global Specialty, a wholly owned subsidiary of HDI Global and part of the Talanx Group, has acquired Griffin Highline Capital LLC's share in managing general agency (MGA) Falcon Risk Holdings LLC. Falcon Risk was established by Chief Executive Officer (CEO) Craig Landi, Griffin Highline, and HDI in 2021. HDI also ... Read the full article
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