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.
Insurance Quantified acquires P&C data provider Groundspeed Analytics
22nd June 2023
Insurance Quantified, a commercial P&C underwriting technology provider, has acquired the ingestion and data solutions firm, Groundspeed Analytics. According to Insurance Quantified, the acquisition will strengthen its market leadership in underwriting technology and further its mission to maximise the value of data for commercial P&C insurers. The deal was completed on June ... Read the full article
Howden expands European footprint with acquisition of two Swiss brokers
21st June 2023
International insurance broker Howden has expanded its footprint its Switzerland following its acquisition of insurance brokers argenius Risk Experts AG (argenius) and RVA Versicherungsbroker AG (RVA). Born Consulting AG, which has been part of Howden Switzerland since 2022, is acquiring RVA. argenius and RVA are both well known Swiss insurance ... Read the full article
Generali to acquire Liberty Seguros for $2.5bn
15th June 2023
Liberty Mutual Insurance has agreed to sell its Madrid headquartered personal lines and small commercial insurance business, Liberty Seguros, S.A., to Generali Group for USD 2.5 billion (EUR 2.3 billion), subject to customary closing adjustments. The deal includes Liberty Seguros operations in Ireland, Northern Ireland, Portugal, and Spain. Liberty Mutual's other European ... Read the full article
Dubai’s AMAN to sell individual life takaful portfolio for 37.5 million UAE dirhams to ADNTC
14th June 2023
Dubai Islamic Insurance and Reinsurance (AMAN) has announced that it will sell its individual life takaful portfolio to Abu Dhabi National Takaful Company (ADNTC) for 37.5 million UAE dirhams. AMAN, which is listed on the Dubai Financial Market (DFM), had previously been in talks for an acquisition with Salama, another DFM-listed ... Read the full article
Confie expands portfolio with acquisitions of Sanborn’s Insurance and Atlantic Insurance Agency
13th June 2023
Confie, a leading personal lines insurance distribution company, announced the acquisition of two prominent insurance agencies, Sanborn's Insurance and Atlantic Insurance Agency. These strategic acquisitions fall in line with Confie's continued efforts to expand its portfolio and establish a stronger presence in key markets. The company has acquired Sanborn's Insurance, which will ... Read the full article
Acrisure acquires TEn Insurance Services
8th June 2023
Global insurance broker Acrisure has announced its acquisition of TEn Insurance Services Ltd. (Ten). Under the terms of the acquisition, TEn will go to market as Eleven Network. The transaction is expected to close in the near term, pending FCA regulatory approvals. Since 2005, the company has been providing services for industry ... Read the full article
Hamilton discussing options including IPO and private sale: Reuters
7th June 2023
Bermuda-based insurer and reinsurer, Hamilton Insurance Group, is reportedly discussing its options with potential advisers, including a private sale and an initial public offering (IPO), according to Reuters. People familiar with the matter told Reuters that the re/insurer is exploring strategic options amid momentum for deals involving insurers and reinsurers. The people, ... Read the full article
Japan Post Insurance in strategic partnership with KKR & Global Atlantic for expansion, diversification
7th June 2023
Japan Post Insurance, KKR along with its subsidiaries, and Global Atlantic Financial Group announced a strategic partnership, enabling Japan Post Insurance access to KKR and Global Atlantic's platforms to enhance its growth and diversify its business portfolio into overseas markets. Additionally, Japan Post Insurance will make a material investment in a ... Read the full article
Ryan Specialty closes two new acquisitions as international expansion continues
7th June 2023
International specialty insurance firm Ryan Specialty has signed definitive agreements to acquire certain assets of ACE Benefit Partners, Inc., a medical stop loss general agent, and Point6 Healthcare, LLC, a distributor of medical stop loss insurance, pharmacy solutions, and complex claims management on behalf of retail brokers and third party ... Read the full article
Ardonagh Group expands European footprint through acquisition of Greek-based SRS Group
1st June 2023
The Ardonagh Group, one of the largest independent insurance brokers in the UK, has announced its entry into the Greek market with the majority acquisition of SRS Group of Companies, based in Athens. SRS Group, founded in 2019, operates as a prominent independent wholesale reinsurance broker and a managing general agent ... Read the full article
Markel’s State National selling insurer front ISIC to Velocity Risk
30th May 2023
State National, the Markel owned program and fronting specialist is selling one of the shell insurance companies it has used for certain catastrophe exposed programs to managing general agent (MGA) and cat underwriting specialist Velocity Risk. Velocity Risk was already writing most of its business via an AM Best non-admitted and ... Read the full article
Talanx Group to acquire LatAm businesses of Liberty Mutual in €1.38bn deal
30th May 2023
Germany’s Talanx Group is set to become the third-largest P&C insurer in Latin America after acquiring a number of Liberty Mutual’s businesses in Brazil, Chile, Colombia, and Ecuador, through its subsidiary HDI International. The purchase price is expected to be around €1.38 billion at the closing date of the transaction, which ... Read the full article
Guy Carpenter acquiring Israel reinsurance broker Re Solutions
30th May 2023
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, is set to acquire the leading independent operator in its field in Israel, a brokerage named Re Solutions. Re Solutions was founded in 2010 and has been Guy Carpenter’s correspondent broker in Israel since 2011, meaning this acquisition builds on a strong ... Read the full article
FTI Consulting & BHB Dullemond set to expand M&A services in the Netherlands & Belgium
26th May 2023
FTI Consulting, Inc., a global business advisory firm, and BHB Dullemond, a Dutch corporate finance firm that specialises in transactions in insurance distribution, have announced a strategic alliance to provide M&A services to the insurance distribution sector in the Netherlands and Belgium. Through this alliance between the two companies, clients in ... Read the full article
Global Atlantic and MetLife sign $19.2 billion reinsurance agreement
25th May 2023
Leading financials services company Global Atlantic Financial Group and life insurer MetLife, Inc. have entered into a reinsurance agreement valued at $19.2 billion. The deal will see Global Atlantic reinsuring a diversified portfolio of MetLife's U.S. retail annuity and life insurance business, reinforcing Global Atlantic's position as a leading reinsurer in ... Read the full article
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