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.
SkyWatch acquires assets of Droneinsurance.com
9th October 2023
SkyWatch, a digital insurance firm for the aviation industry has acquired the assets of Droneinsurance.com, in a move that brings together two innovative platforms and marks a major milestone across the drone insurance sector. This collaboration also heavily underlines SkyWatch's commitment to providing unmatched coverage and service to drone operators across ... Read the full article
Aviva in a much better position, deal for whole entity ‘nearly impossible’, says Deutsche Bank
9th October 2023
Analysts at Deutsche Bank have commented on last week's media speculation suggesting UK insurer Aviva is a potential acquisition target, stating that it views a deal for the entire firm has nearly impossible, and even a sale of parts of the business as unlikely. As we wrote last week, Aviva's ... Read the full article
Aviva takeover talk unsurprising, but whole acquisition seems unlikely, say analysts
6th October 2023
As news of a potential takeover of large UK insurer Aviva emerged this morning, analysts suggest that while rumours are unsurprising, an acquisition of the whole Group seems unlikely given its position in the UK life sector. After The Times newspaper cited talk of a potential takeover of Aviva, citing Allianz, ... Read the full article
Arthur J. Gallagher announces acquisition of Altman Insurance Services
4th October 2023
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Louisville, Kentucky-based WLA Insurance, LLC, dba Altman Insurance Services. Terms of the transaction were not disclosed. Altman Insurance Services provides employee benefits brokerage and consulting services to both large and small group businesses across ... Read the full article
Aon looks to expand capabilities in India with acquisition of Global Insurance Brokers
4th October 2023
Global insurance and reinsurance broker Aon is looking to enhance its risk capital capability offering in India with the acquisition of Global Insurance Brokers, a composite re/insurance brokerage offering services across 17 offices. Once the deal completes, which remains subject to regulatory approval, the Indian broker will transition to Aon's brand ... Read the full article
Nascent Group announces acquisition of Bermuda Compliance Consultants
29th September 2023
Nascent Group Ltd. has unveiled a significant strategic move today, with the announcement of its agreement to acquire Bermuda Compliance Consultants Ltd. (BCCL). The acquisition, slated to close in the fourth quarter of 2023, marks a pivotal step forward for Nascent Group as it expands its portfolio of services and market ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
