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.
Generali strengthens presence in China with full acquisition of Generali China Insurance
10th January 2024
Generali has signed an agreement to acquire the remaining 51% stake in Generali China Insurance Company Limited (GCI), making it the sole owner of the property and casualty insurance business in China. The deal, valued at approximately €99 million, marks a significant step in Generali's strategic expansion in key Asian markets. The ... Read the full article
Compre completes two European liability portfolio acquisitions
10th January 2024
Bermuda-domiciled legacy group Compre has acquired two portfolios of European casualty and motor liabilities from separate undisclosed international insurance groups. According to Compre, all necessary approvals have been granted by Bermudian and European regulators. This allows the firm's class 3B Bermudian reinsurer, Pallas Reinsurance Company Ltd., to reinsure approximately €200m of reserves ... Read the full article
Ardonagh Advisory acquires specialist distribution firm Hoxton Risk Services
10th January 2024
Ardonagh Advisory has acquired specialist distribution business, Hoxton Risk Services Ltd, in a move that will reportedly "bolster Ardonagh’s presence in the mid and high net worth market." Hoxton Risk Services is Ardonagh Advisory’s latest investment in its private clients proposition, having recently acquired specialist high net worth (HNW) broker, Read the full article
World Insurance Associates strengthens presence with acquisition of TW Group
9th January 2024
Insurance brokerage, World Insurance Associates, has successfully acquired insurance provider TW Group, Inc. (TWG). The acquisition was finalised on December 31, 2023, and the terms of the transaction remain undisclosed. Established in 1946, TW Group has been a reputable player in the insurance sector, catering to the diverse needs of both individuals ... Read the full article
Carrick Group acquired by Northlight QIAIF plc, new Directors appointed
8th January 2024
Carrick Group Limited, the Bermuda-based international non-life legacy insurance business providing reinsurance and run-off solutions, has announced that it has been acquired by Northlight QIAIF plc - an Irish regulated company managed by London-based investment manager Northlight Group LLP from Zimmer Financial Services Group. Shahar Zer, Partner at Northlight Group LLP, ... Read the full article
Great-West Lifeco completes sale of Putnam Investments to Franklin Templeton
8th January 2024
Great-West Lifeco, an international financial services holding company has completed the sale of Putnam Investments to Franklin Resources, Inc., operating as Franklin Templeton, an independent and diversified asset manager. According to the announcement, the transaction is not expected to have a material financial impact for Great-West Lifeco at close. The company ... Read the full article
Arthur J. Gallagher acquires Köberich Financial Lines to strengthen European presence
8th January 2024
Re/insurance broker Arthur J. Gallagher & Co. has announced the successful acquisition of Köberich Financial Lines (Köberich), based in Cologne, Germany. The terms of the transaction were not disclosed. Köberich specialises in financial lines products and is renowned as a prominent insurance broker in the German market. Following the acquisition, Harald Köberich and ... Read the full article
Pan-American Life Insurance Group completes acquisition & merger of Encova Life
5th January 2024
Pan-American Life Insurance Group (PALIG), a provider of life, accident and health insurance, has completed the acquisition and merger of Encova Life Insurance Company (Encova Life). Encova Life Insurance Company is an affiliate of the Encova Mutual Insurance Group. The transaction was first announced in May 2023. From what we understand, the ... Read the full article
FG Financial and FG Group Holdings announce merger to form Fundamental Global
5th January 2024
FG Financial Group, Inc. (FG Financial) and FG Group Holdings Inc. have officially signed a definitive plan of merger, aiming to merge in an all-stock transaction. The combined entity, to be renamed Fundamental Global Inc., will continue trading on the Nasdaq under tickers "FGF" for common stock and "FGFPP" for Series ... Read the full article
Howden expands presence in Norway with acquisition of Arctic Insurance AS
4th January 2024
Howden, the global insurance group, has strengthened its presence in Norway with the acquisition of Arctic Insurance AS, a fast-growing Norwegian insurance broker. The move is part of Howden's strategy to enhance its footprint in the Nordic region by investing in local expertise and delivering global capabilities to clients in regional ... Read the full article
KKR completes acquisition of remaining 37% of Global Atlantic
3rd January 2024
KKR & Co. Inc. has announced the closing of the previously-announced transaction in which it is acquiring the remaining 37% of Global Atlantic Financial Group LLC, increasing KKR’s ownership to 100%. KKR acquired a majority of Global Atlantic in 2021, and since that time has served as Global Atlantic’s asset manager. The ... Read the full article
Inzone completes acquisition of LPL Insurance following Lightyear buy-in
29th December 2023
Inszone Insurance Services, a national provider of commercial, personal, and benefits insurance, has completed the acquisition of LPL Insurance Agency, Inc., in the Sacramento-based firm’s first transaction since last month’s investment by Lightyear Capital. The acquisition of LPL Insurance marks a major step in the organisation's ongoing expansion efforts. From what ... Read the full article
Fairfax completes acquisition of additional 46.32% interest in Gulf Insurance
27th December 2023
Fairfax Financial Holdings has completed its acquisition of all of the shares of Gulf Insurance Group (GIG) under the control of Kuwait Projects Company (Holding), bringing Fairfax’s equity interest in GIG from 43.69% to 90.01%. The acquisition was first reported back in April when Fairfax revealed it would be buying ... Read the full article
Aon’s $13.4bn acquisition of NFP reshapes global insurance broking landscape: Insuramore
27th December 2023
Aon's $13.4 billion acquisition of NFP is expected to fortify its standing in core markets and strategically expand its influence in secondary markets, as noted by insights from Insuramore. NFP, a significant player across various broking segments, currently holds notable worldwide rankings, including seventh for employee benefits activity, life and health ... Read the full article
Ryan Specialty to acquire Castel Underwriting from Arch Financial
22nd December 2023
Ryan Specialty has signed a definitive agreement to acquire Castel Underwriting Agencies Limited, a Managing General Underwriting (MGU) platform, from Arch Financial Holdings (UK) Limited and minority shareholders. Headquartered in London and founded in 2014, Castel consists of thirteen MGUs, each having expertise in a specific product niche. The firm has ... Read the full article
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