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.
Ardonagh Group completes acquisition of Classicus
3rd August 2023
The Ardonagh Group has completed its acquisition of broker Classicus, marking a continued effort to build on its specialist capabilities and platform for growth in the Netherlands and across Europe. Headquartered in Amsterdam, Classicus provides a range of specialist high-net-worth products for classic and luxury cars, yachts, and art collections together ... Read the full article
AXA to acquire Corebridge Financial’s Laya Healthcare for €650m
3rd August 2023
Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the US, has entered into a definitive agreement to sell its subsidiary, Laya Healthcare Limited (Laya Healthcare), to AXA for a total consideration of €650 million in cash. According to the announcement, the sale is expected to ... Read the full article
Monument Re acquires portfolio from Federale Verzekering
3rd August 2023
Monument Re, a life insurance reinsurer and insurance holding company, has announced that it's Belgian subsidiary, Monument Assurance Belgium (MAB) has completed the acquisition of a run-off block of retail life policies, annuities and associated assets from Federale Verzekering (Federale). “We are pleased to have completed this transaction with Federale as ... Read the full article
Marsh McLennan Agency acquires Philadelphia-based Graham Company
2nd August 2023
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Philadelphia, Pennsylvania-based Graham Company, a risk management consultancy and "one of the top independent insurance and employee benefits brokers in the United States." Founded in 1960, Graham Company specialises in providing business insurance, employee benefits, and surety brokerage services ... Read the full article
Risk Strategies acquires P&C insurance broker, Castle Rock Capacity
27th July 2023
Risk Strategies, a specialty insurance brokerage and risk management firm, has acquired Castle Rock Capacity, a full-service property & casualty (P&C) insurance broker with expertise in the construction, real estate and development industries. Terms of the deal were not disclosed. Headquartered in New York City, Castle Rock was co-founded in 2006 by ... Read the full article
Arthur J. Gallagher acquires Hagan Insurance Group
25th July 2023
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Sioux Falls, South Dakota-based Hagan Insurance Group. Terms of the transaction were not disclosed. Established more than three decades ago, Hagan Insurance Group has been providing insurance member benefits and financial management to ... Read the full article
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
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