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.
Helios acquires LLV Park Farm Underwriting Limited
25th July 2023
Helios, an investment vehicle that acquires and consolidates underwriting capacity at the specialist Lloyd’s insurance and reinsurance marketplace, has completed a further LLV acquisition. The LLV purchased includes Park Farm Underwriting Limited for a consideration of £3.2 million, which represents a 6.3% discount on the Humphrey Valuation. Park Farm Underwriting Limited's syndicate ... Read the full article
Howden Switzerland acquires specialist aviation broker Hudson Sky
24th July 2023
Global insurance group Howden has acquired Hudson Sky International, securing its position as a "preeminent broker" in the aviation insurance sector in Switzerland. According to Howden, this acquisition is part of the firm's wider strategy to become a leader in its chosen specialty markets and underlines its continued investment in expertise ... Read the full article
UK M&A volume hit a ten-year high in H1 2023 despite overall deal value falling year-on-year
21st July 2023
The UK financial services industry has reported a 10-year M&A volume high of 160 deals in H1 2023, up from 138 in the same period in 2022 accounting for a 16% rise, according to EY’s latest financial services M&A analysis. However, the total disclosed deal value for the period fell from ... Read the full article
Nassau completes acquisition of Delaware Life Insurance Company of New York
20th July 2023
Nassau Financial Group, L.P. has successfully completed the acquisition of Delaware Life Insurance Company of New York (DLNY) from Delaware Life Insurance Company, a subsidiary of Group 1001. Nassau plans to merge DLNY into its own subsidiary, Nassau Life Insurance Company (NNY), which is also a New York-domiciled life insurance company. The ... Read the full article
Tokio Marine HCC to acquire Gulf Guaranty Employee Benefit Services
19th July 2023
Tokio Marine HCC, a member of the Tokio Marine Group has signed a definitive agreement to acquire Gulf Guaranty Employee Benefit Services, Inc. (Gulf Guaranty). Gulf Guaranty is a third-party administrator and managing general underwriter that designs, underwrites and administers group gap medical plans for small and mid-sized businesses. The transaction, which ... Read the full article
NBS acquires Capital Markets Underwriting
17th July 2023
Managing General Agent NBS Underwriting has announced the acquisition of Capital Markets Underwriting Limited (CMU), an independent Underwriting Agency and Lloyd’s Coverholder. According to NBS, this "strategic move" is a significant step in its mission to double in size within the next five years through organic growth and acquisitions. "The addition of ... Read the full article
Helios acquires entire issued capital of Chorlton Underwriting
14th July 2023
In line with its strategy of increasing underwriting capacity through acquisition, Helios Underwriting has acquired the entire issued capital of Chorlton Underwriting Limited for a total consideration of £1,996,830. Of this total, £200,000 has been satisfied by the issue of 123,457 ordinary shares of £0.10 each in the Company (New Ordinary ... Read the full article
Arthur J. Gallagher acquires Benchmark Commercial Insurance Services
13th July 2023
Arthur J. Gallagher & Co. has announced the acquisition of Carlsbad, California-based Benchmark Commercial Insurance Services. Benchmark is a retail insurance agency that has been offering commercial and personal risk management and insurance solutions to business owners in San Diego and the surrounding area for the last two and a half ... Read the full article
Clear Group drives MGA build with acquisition of One Commercial Specialty Limited
12th July 2023
Insurance broker Clear Group has announced its acquisition of Specialty Lines MGA, One Commercial Specialty Limited. This marks Clear Group's second MGA deal, as earlier this month the broker announced the acquisition of a 50% shareholding in Thomond Underwriting Limited, based in the Republic of Ireland and Northern Ireland. This second ... Read the full article
AXA reportedly considering sale of reinsurance arm
12th July 2023
French insurer AXA is reportedly considering the sale of reinsurance division, AXA XL Re, in an effort to lower its exposure to natural disasters, reports Reuters. According to people familiar with the matter, the large insurer is discussing strategic options for the reinsurance arm which sits under AXA XL, including a ... Read the full article
NSM Insurance Group acquires Shield Commercial Insurance Services
11th July 2023
Specialty insurance provider NSM Insurance Group has completed its acquisition of California-based Shield Commercial Insurance Services. Shield is exclusively focused on underwriting business for small and mid-sized contractors, offering coverages for General Liability, Excess Liability, Workers' Compensation, Inland Marine and Contractors Professional & Pollution Liability. Bill McKernan, President of NSM Insurance Group, ... Read the full article
Ardonagh Advisory acquires AMS Insurance Solutions
11th July 2023
Ardonagh Advisory has announced the acquisition of AMS Insurance Solutions Ltd, further bolstering the firm's presence in the southwest of England. According to Ardonagh, AMS is a highly regarded regional broker, providing commercial and personal lines insurance, with specialisms in construction, manufacturing, liability and warehousing and distribution products as well as ... Read the full article
Generali announces acquisition of major asset manager Conning Holdings
6th July 2023
Generali has announced its acquisition of Conning Holdings Limited (CHL), a leading global asset manager for insurance and institutional clients, from Cathay Life, a subsidiary of Cathay Financial Holdings, one of the largest Asia-based financial institutions. As a result of the contribution of CHL into Generali Investments Holding S.p.A (GIH), Cathay ... Read the full article
Global M&A sees record decline in H123, driven by interest rate rises & economic uncertainty: WTW
6th July 2023
Global M&A witnessed a record decline in the first half of 2023 as interest rate rises and economic uncertainty hit financing. Research on completed deals from global broking firm WTW’s Quarterly Deal Performance Monitor (QDPM) shows that activity for deals valued over $100 million slowed significantly across the globe during H123, ... Read the full article
AM Best affirms CCR Re ratings following acquisition
6th July 2023
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of CCR Re. The ratings have been removed from under review with developing implications following the completion of the sale of a ... Read the full article
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