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.
BMS names Emmanuel Clarke as Chairman as Eurazeo investment completes
28th September 2023
French private equity firm Eurazeo has now completed its investment into global insurance and reinsurance broker BMS Group, which coincides with former PartnerRe Chief Executive Officer (CEO), Emmanuel Clarke, taking over as Chairman. It was announced in December 2022 that up to 34% of BMS' share capital was to be ... Read the full article
Hiscox to sell DirectAsia business to Ignite Thailand Holdings Limited
27th September 2023
International specialist insurer Hiscox has entered into an agreement to sell DirectAsia, its business operations in Singapore and Thailand predominantly providing motor insurance, to Ignite Thailand Holdings Limited, the parent of the Roojai group of companies. DirectAsia was founded in Singapore in 2010 and launched in Thailand in 2013. Hiscox describes ... Read the full article
James River agrees to sell IRWC renewal rights to Amynta Group
26th September 2023
James River Group Holdings has announced that certain of its subsidiaries have entered into an agreement to sell the renewal rights to their Individual Risk Workers’ Compensation (IRWC) business to Amynta Group. The transaction includes the full operations of the business, including underwriting, loss control and claims, and the transfer of ... Read the full article
Arthur J. Gallagher & Co. acquires Hartley Cylke Pacific Insurance Services
26th September 2023
Arthur J. Gallagher & Co. has acquired San Diego, California-based Hartley Cylke Pacific Insurance Services, Inc. Hartley Cylke Pacific Insurance is a retail insurance broker that specialises in transportation for clients throughout California and Arizona. According to Gallagher, Hartley Cylke Pacific Insurance's Michael Hartley (President), John Cylke (Vice President), James Hawes (Agent/Broker) and ... Read the full article
R&Q confirms in advanced talks over sale of Accredited business to Onex
22nd September 2023
Global non-life specialty insurer R&Q Insurance Holdings has confirmed that it is now in advanced talks regarding a potential sale of its Accredited program Management business to private equity investment manager Onex Corporation. The news was reported last night and this morning R&Q has filed a stock exchange announcement confirming its ... Read the full article
Brown & Brown set to acquire MGA Occam Underwriting Limited
20th September 2023
Brown & Brown Europe, part of Brown & Brown Inc., has agreed to acquire 100% of the share capital of Occam Underwriting Limited, a London-based MGA and Lloyd’s Coverholder. Occam has been majority-owned by Hudson Structured Capital Management Ltd. (carrying out its re/insurance business as HSCM Bermuda) since 2021, after making ... Read the full article
Core Specialty to acquire Conifer’s Security & Alarm Business
15th September 2023
Core Specialty and its subsidiaries have entered into a series of transactions with Conifer Holdings to acquire Conifer’s Security & Alarm Business. Core Specialty explained that the Security & Alarm Business provides general liability, excess/umbrella, and selected other coverages to the niche Security Guards, Alarm Contractors, Private Investigators, and Trade Contractors ... Read the full article
Clear Group expands its reach with acquisition of Heath Crawford & Foster Holdings Limited
15th September 2023
In a strategic move aimed at further solidifying its presence in the insurance broking industry, the Clear Group has successfully acquired Heath Crawford & Foster Holdings Limited, along with its subsidiaries: Heath Crawford & Foster Ltd, ABA Insurance, and Merenda & Co Ltd. This latest acquisition aligns seamlessly with Clear Group's ... Read the full article
reThought Flood acquires CyberBoxer and secures $1m investment
14th September 2023
reThought Flood, a technology-centric underwriting agency specialising in US flood risk, has unveiled two significant developments poised to strengthen its position in the insurance industry. In a strategic move, reThought has finalised an agreement to acquire CyberBoxer, a prominent insurTech company renowned for its expertise in data science, modeling, artificial intelligence ... Read the full article
Artex Capital acquires Bermuda-based Frontier Financial Services
13th September 2023
Artex Capital Solutions, a division of Artex Risk Solutions, Gallagher's wholly-owned subsidiary, has acquired Bermuda-based Frontier Financial Services Limited. Frontier is a management firm that specialises in consulting, recruitment, business services and immigration services predominantly to reinsurance clients in Bermuda. Kathleen Faries, CEO, Artex Capital Solutions, commented on the acquisition, “Artex and ... Read the full article
Chedid Capital acquires UK-based Trilogy MGA
12th September 2023
Chedid Europe Insurance & Reinsurance Brokerage Limited, a subsidiary of Chedid Capital, has acquired 100% of the share capital of UK-based Trilogy Managing General Agents Limited (Trilogy MGA) from Resolution Underwriting Holdings Limited. According to Chedid, this acquisition is in line with its strategy to grow its business in the United ... Read the full article
RiverStone International acquires Catalina Insurance Ireland
11th September 2023
RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has signed an agreement with members of the Catalina Group to acquire Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. The acquisition, which remains subject to regulatory approvals, is set to broaden RiverStone International's ... Read the full article
Intact and RSA to acquire Direct Line’s brokered Commercial Lines operations
7th September 2023
Intact Financial Corporation and its subsidiary RSA have reached an agreement with Direct Line to acquire its brokered Commercial Lines operations for an initial cash consideration of £520 million. The deal also includes the potential for up to a further £30 million contingent payment under earnout provisions relating to the financial ... Read the full article
Howden New Zealand completes acquisition of Apex Insurance
6th September 2023
Global insurance group, Howden has completed its acquisition of Apex Insurance New Zealand and its associated subsidiaries. Acquiring Apex will greatly accelerate Howden's ongoing strategy to form a leading broking operation in the Pacific region, as it builds on the foundation for the company's growth plans in New Zealand, as well ... Read the full article
CelsiusPro acquires Global Parametrics
6th September 2023
CelsiusPro AG has acquired Global Parametrics Holding Company Limited in a transaction that "significantly strengthens its global capabilities to offer parametric risk transfer solutions to both private and public sector clients in developed and developing economies." According to CelsiusPro, the acquisition creates an even stronger offering along the value chain of ... Read the full article
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