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.
Midwest Holding acquisition by Antarctica Capital completes
22nd December 2023
Midwest Holding Inc. has announced the completion of the acquisition of Midwest by an affiliate of Antarctica. If you recall, the transaction was first announced in May when the two firms entered into a definitive merger agreement. Then in July, it was confirmed that Midwest Holding's shareholders had approved the ... Read the full article
Aon’s acquisition of NFP has “execution risks”: Morgan Stanley
20th December 2023
Analysts at Morgan Stanley have highlighted how Aon's recently announced acquisition of middle-market property and casualty (P&C) broker, NFP, for $13.4 billion may have execution risks and will "take time to become accretive." Earlier today, it was reported that the broker had signed a definitive agreement to acquire NFP for ... Read the full article
Aon set to acquire middle-market P&C broker NFP
20th December 2023
Aon, the global re/insurance broker, has signed a definitive agreement to acquire NFP, a middle-market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP's main capital sponsor - Madison Dearborn Partners (MDP), and funds affiliated with HPS Investment Partners. Under the terms of ... Read the full article
Howden expands in the Netherlands through acquisition of VLC & Partners
19th December 2023
Global insurance group, Howden, has announced the acquisition of VLC & Partners Holding B.V. (VLC), one of the largest independent insurance brokers operating in the Netherlands. Once completed, the acquisition will help enable Howden to scale its existing operations in the strategically important Dutch market, which is hailed as being ... Read the full article
London’s Pension Insurance Corp reportedly a target for large private equity firms
15th December 2023
The Financial Times has reported that Apollo, Carlyle, and KKR are all exploring bids for London-based Pension Insurance Corporation (PIC) ahead of the deadline, citing people familiar with the matter. Earlier this year, PIC announced a record £6.5 billion UK pension buy-in deal with the RSA UK Pension Trustees. It's ... Read the full article
R&Q board recommends sale and business separation for strategic refocus
15th December 2023
In a unanimous decision, the Non-Executive Directors of non-life specialty insurer R&Q have recommended the separation of its business through a proposed sale. The directors assert that this move is in the best interests of R&Q, its shareholders, and other stakeholders. The proposed sale, which hinges on shareholder approval at a Special ... Read the full article
WTW to acquire Italian MGA AIMUW
14th December 2023
Global insurance and reinsurance broker WTW has signed a definitive agreement to acquire AIMUW, a specialist Managing General Agent in Italy. The deal is expected to be completed in January 2024, although the terms of the transaction are not disclosed. The deal reflects WTW’s strategy to invest in high-performing businesses and ... Read the full article
Howden to enter Danish market through acquisition of NORTH Risk
14th December 2023
Global insurance group Howden is set to acquire Denmark's fourth largest insurance intermediary - NORTH Risk (NORTH), which will help establish the firm a retail presence across the Danish market, as well as strengthen its geographical presence across the Nordic region of Europe. According to Howden, this acquisition reflects their continuing ... Read the full article
Swiss Re acquires flood risk modeller Fathom
14th December 2023
Global reinsurance giant Swiss Re has acquired Bristol, UK-based provider of water risk intelligence and flood models, Fathom, which will retain its own brand and work closely with the firm's Reinsurance Solutions division to further develop and distribute its innovative flood and climate risk data, maps, and models. Swiss Re says ... Read the full article
GIC reaches agreement to acquire Cinven’s shares in Miller
11th December 2023
Miller has announced that GIC, a global institutional investor, and Cinven, an international private equity firm, have reached an agreement for GIC to acquire Cinven’s shares in Miller, "securing its long-term independent future as a leading specialist broker." The transaction is expected to close at the end of Q1 2024, and ... Read the full article
Ardonagh Advisory acquires RiskSTOP to expand technological capabilities
11th December 2023
Ardonagh Advisory has acquired insurance technology and risk management services company RiskSTOP. Based Poundbury, Dorchester, RiskSTOP was founded in 2000, and provides risk management surveys and ancillary services to the UK insurer and broking communities. Ardonagh explained that RiskSTOP will continue to be led by its current Managing Director, Danny Lillington, alongside ... Read the full article
Specialist Risk Group to acquire CBC Partnership
7th December 2023
B.P. Marsh has agreed to sell its shareholding in Paladin, the parent company of CBC Partnership, the London-based Insurance Broker, to Specialist Risk Group Limited (SRG), subject to regulatory approval. Once completed, this will be SRG’s 19th acquisition, and will mark as the sixth one that the company has completed in ... Read the full article
Intact and RSA sell UK direct Personal Lines operations to Admiral
7th December 2023
Intact Financial Corporation and its subsidiary RSA have reached an agreement to sell RSA’s UK direct Personal Lines operations, representing approximately £165 million of annual premiums, to Admiral Group. The transaction will result in the transfer of renewal rights, brands and employees, and has been approved by the Boards of Directors ... Read the full article
Amynta Group set to acquire MGU Sutton Special Risk
7th December 2023
Insurance services provider, Amynta Group, has announced that it has entered into a definitive agreement to acquire Sutton Special Risk Inc. (Sutton), a managing general underwriter (MGU) of specialty insurance products based in Toronto, Canada. The acquisition expands on Amynta's offerings across the accident and health ... Read the full article
Aerial imagery solutions provider Nearmap to acquire Betterview
6th December 2023
Location intelligence and aerial imagery solutions provider, Nearmap has reached an agreement to acquire Betterview, the property intelligence and risk management platform, which the former says reinforces the its position as a leading source of imagery intelligence, data and solutions. The completion of the acquisition is subject to customary closing conditions, ... Read the full article
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