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 expands Latin American presence with acquisition of Contacto
3rd November 2023
Global insurance group, Howden, has announced its acquisition of Contacto Corredores de Seguros S.A (Contacto), a leading insurance broker in the Peruvian market. This strategic move is part of Howden's plan to extend its footprint in Latin America, enhancing its ability to serve clients in the region. Founded in 1984 by Maximiliano ... Read the full article
Travelers set to acquire Corvus Insurance for $435m
3rd November 2023
The Travelers Companies, Inc. has agreed to acquire cyber insurance managing general underwriter Corvus Insurance Holdings, Inc. for approximately $435 million. Travelers has disclosed that it will fund the transaction from internal resources, adding that the transaction is expected to close in the first quarter of 2024, subject to regulatory approvals ... Read the full article
RenaissanceRe completes $3.3bn acquisition of Validus Re from AIG
1st November 2023
Bermuda-based reinsurer RenaissanceRe has completed its previously announced acquisition of Validus Re, the treaty reinsurance operation of global insurer AIG, a transaction it says creates immediate and long-term value for its shareholders. First announced back in May and approved by the European Commission in August, RenRe has now closed ... Read the full article
Brown & Brown to sell four TPA businesses to Davies Group
1st November 2023
Insurance brokerage firm, Brown & Brown has entered into an agreement with Davies Group Ltd., that includes the sale of four third-party administrator (TPA) businesses and a long-term strategic commercial relationship. The transaction is expected to close in December of 2023, and is subject to certain closing conditions. The announcement was made ... Read the full article
Alliant announces trio of acquisitions in Oklahoma
31st October 2023
Alliant Insurance Services has announced three new acquisitions in Oklahoma, further expanding its presence in the state and the surrounding areas. First among these, though in no particular order, is Commercial Risk Group (CRG), a retail P&C insurance agency based in Broken Arrow, OK. Tom Corbett, Chairman and CEO of Alliant, commented, ... Read the full article
Ardonagh to expand European presence through acquisition of broker, ASSEPRO
31st October 2023
The Ardonagh Group has agreed to acquire ASSEPRO, a large independent commercial broker for small and medium-sized enterprises (SMEs) based in Switzerland, with further operations in both Austria and Liechtenstein. The company offers a wide range of general insurance, accidental & health, and life and pensions products, and is the largest ... Read the full article
Arthur J. Gallagher & Co. to acquire Cadence Insurance
24th October 2023
Arthur J. Gallagher & Co. has made a significant move in the insurance industry by announcing its definitive agreement to acquire Baton Rouge, Louisiana-based Cadence Insurance, Inc., a wholly-owned subsidiary of Cadence Bank. The transaction, subject to regulatory approval, is anticipated to conclude during the fourth quarter of 2023, the company ... Read the full article
Howden expands presence in Luxembourg & Belgium with two acquisitions
24th October 2023
Global insurance group, Howden, has established a retail presence across Luxembourg through its acquisition of the portfolio of United Brokers S.A. (United), and has also strengthened its position in Belgium with the acquisition of WDR Insurance Group BV (WDR). Both of these acquisitions reflects the company's ongoing strategy to invest in ... Read the full article
R&Q agrees Accredited sale to Onex at $465m enterprise value
20th October 2023
Non-life specialty insurer R&Q Insurance Holdings has just confirmed that it has entered into a conditional agreement to sell its Accredited program Management business to private equity investment manager Onex Corporation. The sale was expected as R&Q had previously stated it was in advanced talks regarding a potential sale of ... Read the full article
White Mountains to acquire 70% stake in California MGA Bamboo
20th October 2023
White Mountains Insurance Group, Ltd. has entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC, a provider of homeowners' insurance for over 100,000 California policyholders. White Mountains is expected to invest approximately $285 million in the capital-light, tech and data-enabled insurance distribution platform, along with primary ... Read the full article
bolttech acquires Poland-based Digital Care
20th October 2023
Insurtech bolttech has acquired Digital Care, an embedded protection company based out of Poland. As per bolttech, the acquisition is a major step towards achieving its strategic goals in the EMEA region and globally, while also accelerating growth, particularly within the telecommunications industry. The insurtech noted that Digital Care has a strong ... Read the full article
Intact approved to complete purchase of Direct Line’s brokered Commercial Lines operations
19th October 2023
Intact Financial Corporation and its subsidiary RSA have disclosed that all conditions related to its acquisition of Direct Line Insurance Group's brokered Commercial Lines operations have been fulfilled. According to Intact, the transaction is anticipated to close on October 26, upon payment of a £520 million cash consideration, as reported ... Read the full article
Accelerant expands presence to Canada through acquisition of Omega Insurance
16th October 2023
Insurtech firm Accelerant is set to expand its presence into the Canadian market through the acquisition of Omega Insurance Holdings, Inc., from Till Capital Ltd. Omega Insurance Holdings offers secure, innovative and customized solutions for re/insurers entering and exiting the Canadian insurance market. Jeff Radke, CEO and co-founder of Accelerant, commented: “Accelerant’s entry ... Read the full article
Global M&A activity increases by 16% in Q3, sets stage for final quarter: WTW
10th October 2023
Global mergers and acquisitions (M&A) activity witnessed a solid increase throughout the third quarter of 2023, according to research on completed deals from broking and solutions company, WTW’s Quarterly Deal Performance Monitor (QDPM). The broker noted that global volume rose by 16% with 151 deals over $100 million in value were ... Read the full article
European Insurance M&A activity surges in H1’23: FTI Consulting
10th October 2023
In the first edition of FTI Consulting's European Insurance M&A Barometer Report for 2023, the firm highlights a robust surge in insurance deal activity across the region during the first half of the year. The report provides insights into key trends in the insurance mergers and acquisitions (M&A) market, showcasing notable ... Read the full article
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