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.
Howden acquires Intersure Group to expand presence in Irish market
29th February 2024
Howden has announced the acquisition of Intersure Group Limited, which is set to further strengthen its ability to service the Irish insurance market. Established in 1999 by Noeleen Butterly, Intersure is an owner-managed business based in Drogheda, Co. Louth. The firm reportedly provides clients with technical insurance advice across commercial, business, ... Read the full article
Direct Line rejects “highly opportunistic” aquisition offer from Ageas
29th February 2024
UK insurer Direct Line Group has rejected Ageas' recently announced offer for the company, labelling it "unattractive" and "highly opportunistic". The firm's Board has now confirmed that on 19 January 2024, it received a highly conditional, non-binding indicative proposal from Ageas to acquire the entire issued and to be issued ... Read the full article
Ageas in preliminary stages of considering possible offer for Direct Line
28th February 2024
Brussels headquartered insurer Ageas has confirmed that it is in the initial stages of considering a possible offer to acquire the entire issued and to be issued share capital of UK insurer Direct Line Insurance Group Plc. According to Ageas, the combination of its UK business with Direct Line's will be ... Read the full article
Barbuss acquires marine surveyor KVDS
28th February 2024
Barbuss a provider of specialised financial, claims services and specialised coverage for the risk industry, has announced that it has acquired 100% of the shares of KVDS, an independent marine surveyor based in Antwerp, Belgium. From what we understand, the acquisition welcomes a number of talented professionals from KVDS, who will ... Read the full article
AM Best affirms unchanged ratings following UnipolSai merger announcement
26th February 2024
UnipolSai, an Italian financial services company, recently announced that its Board of Directors has approved a plan aimed at streamlining the company's structure. This plan involves merging UnipolSai with three other companies—Unipol Finance S.r.l., UnipolPart I S.p.A., and Unipol Investment S.p.A.—into the main parent company, Unipol Gruppo. The merger is expected ... Read the full article
2023 insurance M&A activity at lowest level for a decade: Clyde & Co
26th February 2024
Clyde & Co’s Insurance Growth Report has revealed that mergers and acquisitions (M&A) activity worldwide in the insurance sector was down in 2023, reaching the lowest level for a decade. According to the firm, there were 346 completed M&As worldwide in the insurance sector in 2023, down from 449 in the ... Read the full article
Resilience enhances incident response capabilities with BreachQuest acquisition
22nd February 2024
Resilience, a cyber risk management firm, has fortified its position in combating cyber threats by acquiring BreachQuest, an innovative incident response technology solution. With the digital landscape evolving rapidly and risks escalating, this strategic move aims to enhance incident response mechanisms, particularly against Business Email Compromise (BEC) attacks, which have emerged ... Read the full article
Aon and NFP acquisition agreement clears antitrust waiting period
21st February 2024
Aon's previously announced $13.4 billion acquisition agreement with middle-market P&C broker NFP continues to gain traction, with the waiting period having now expired under the Hart-Scott-Rodino (HRS) Antitrust Improvements Act of 1976. For those unaware, the HSR Act requires firms involved in mergers and acquisitions above a certain value to ... Read the full article
Marsh McLennan Agency to acquire Querbes & Nelson and Louisiana Companies
21st February 2024
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has signed agreements to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. According to the firm, upon closing of the transactions, Louisiana Companies and Q&N’s employees, including George Nelson, Managing Director and Co-owner of Louisiana Companies and Q&N; Mike ... Read the full article
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
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