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.
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
Artex Capital acquires Bermuda-based Frontier Financial Services
13th September 2023
Artex Capital Solutions, a division of Artex Risk Solutions, Gallagher's wholly-owned subsidiary, has acquired Bermuda-based Frontier Financial Services Limited. Frontier is a management firm that specialises in consulting, recruitment, business services and immigration services predominantly to reinsurance clients in Bermuda. Kathleen Faries, CEO, Artex Capital Solutions, commented on the acquisition, “Artex and ... Read the full article
Chedid Capital acquires UK-based Trilogy MGA
12th September 2023
Chedid Europe Insurance & Reinsurance Brokerage Limited, a subsidiary of Chedid Capital, has acquired 100% of the share capital of UK-based Trilogy Managing General Agents Limited (Trilogy MGA) from Resolution Underwriting Holdings Limited. According to Chedid, this acquisition is in line with its strategy to grow its business in the United ... Read the full article
RiverStone International acquires Catalina Insurance Ireland
11th September 2023
RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, has signed an agreement with members of the Catalina Group to acquire Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. The acquisition, which remains subject to regulatory approvals, is set to broaden RiverStone International's ... Read the full article
Intact and RSA to acquire Direct Line’s brokered Commercial Lines operations
7th September 2023
Intact Financial Corporation and its subsidiary RSA have reached an agreement with Direct Line to acquire its brokered Commercial Lines operations for an initial cash consideration of £520 million. The deal also includes the potential for up to a further £30 million contingent payment under earnout provisions relating to the financial ... Read the full article
Howden New Zealand completes acquisition of Apex Insurance
6th September 2023
Global insurance group, Howden has completed its acquisition of Apex Insurance New Zealand and its associated subsidiaries. Acquiring Apex will greatly accelerate Howden's ongoing strategy to form a leading broking operation in the Pacific region, as it builds on the foundation for the company's growth plans in New Zealand, as well ... Read the full article
CelsiusPro acquires Global Parametrics
6th September 2023
CelsiusPro AG has acquired Global Parametrics Holding Company Limited in a transaction that "significantly strengthens its global capabilities to offer parametric risk transfer solutions to both private and public sector clients in developed and developing economies." According to CelsiusPro, the acquisition creates an even stronger offering along the value chain of ... Read the full article
Ardonagh Advisory expands portfolio with acquisition of Stanhope Cooper & Renovation Underwriting
4th September 2023
Ardonagh Advisory has officially welcomed high net worth (HNW) broker Stanhope Cooper and Managing General Agent (MGA) Renovation Underwriting into its Group, following a prior agreement to acquire a majority shareholding in these businesses. Under the terms of the agreement, Ardonagh has acquired a shareholding in N&W Investments, which houses Stanhope ... Read the full article
European Commission approves RenRe’s Validus Re acquisition
31st August 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of American International Group’s (AIG) treaty reinsurance business - which includes Validus Re - by Bermuda-based RenaissanceRe (RenRe). According to the announcement, the Commission concluded that the proposed acquisition would raise no competition concerns, given the ... Read the full article
+Simple and GMBC announce strategic merger to drive growth in European MGA market
31st August 2023
+Simple, a leading European digital insurance distribution platform for small businesses, and GMBC, a tech-enabled master MGA and reinsurance platform, have completed a strategic merger to drive growth in the European MGA market. According to the announcement, +Simple has acquired 100% of the share capital in GMBC through a combination of ... Read the full article
Aston Lark Ireland acquires Finance Solutions
22nd August 2023
Aston Lark Ireland, a Howden company, has announced it has agreed terms to acquire Kegra Limited (Finance Solutions), strengthening its offering to the mortgage broking market. Founded in 2011 by Ken Murray, Finance Solutions is a financial services company based in Dublin. The firm specialises in mortgage broking, as well as providing ... Read the full article
Marsh to acquire Honan Insurance Group
21st August 2023
The insurance broker and risk advisor arm of Marsh McLennan, Marsh, has reached an agreement to acquire 100% of the outstanding share capital of Honan Insurance Group Pty Ltd, a specialist insurance broker in the areas of corporate risk, employee benefits, and strata and real estate insurance. Terms of the acquisition, ... Read the full article
Harford Mutual announces merger agreement with ClearPath Mutual
18th August 2023
Harford Mutual Insurance Group has announced that it has received final approval from the Maryland Insurance Administration of the merger agreement with ClearPath Mutual Insurance Company, a monoline workers' compensation carrier headquartered in Louisville, Kentucky. According to Harford Mutual, post-merger, ClearPath Mutual will be renamed Clearpath Insurance Company and marketed as ... Read the full article
Zurich Holding Company of America acquires cyber firm SpearTip
15th August 2023
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has acquired SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services. According to the firm, this acquisition expands the cyber risk mitigation services available from Zurich Resilience Solutions, a global division of ... Read the full article
M&A activity in global insurance industry sees sharp drop in H1’23: Clyde & Co
11th August 2023
The global insurance industry has experienced a significant decline in mergers and acquisitions (M&A) during the first half of 2023, according to Clyde & Co's Insurance Growth Report mid-year update. Completed deals totaled 171 worldwide, marking a substantial decrease from 207 in the second half of 2022 and 242 during the ... Read the full article
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