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.
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
Brookfield Reinsurance confirms $4.3bn acquisition of American Equity (AEL)
5th July 2023
Brookfield Reinsurance, a capital solutions business that provides insurance and reinsurance services to individuals and institutions, is set to acquire American Equity Investment Life Holding Company (AEL) for $4.3 billion, taking the firm's deployed or committed capital since inception to more than $10 billion. Brookfield first invested in AEL in ... Read the full article
Ryan Specialty completes trio of acquisitions
5th July 2023
International specialty insurance firm Ryan Specialty has completed the acquisitions of Socius Insurance Services, Point6 Healthcare, and ACE Benefit Partners, Inc. In early June, Ryan Specialty signed definitive agreements to acquire certain assets of ACE, a medical stop loss general agent, and Point6, a distributor of medical stop loss insurance, ... Read the full article
Aegon completes combination with a.s.r. and announces share buyback program
4th July 2023
Aegon, a Netherlands-headquartered multinational life insurance, pensions and asset management company, has announced the successful completion of its merger with a.s.r., a prominent Dutch insurance company. This strategic combination brings together Aegon's extensive portfolio, including pension, life and non-life insurance, banking, and mortgage origination activities, with a.s.r.'s established presence in the ... Read the full article
Guy Carpenter completes acquisition of Israel reinsurance broker Re Solutions
3rd July 2023
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has completed its previously announced acquisition of Re Solutions, now Guy Carpenter Israel. Asaf Grinstein, formerly CEO of Re Solutions, has been named CEO at Guy Carpenter Israel. According to the firm, Guy Carpenter Israel is ... Read the full article
CCR RE gets €200m capital injection as SMABTP & MACSF take control
3rd July 2023
A consortium comprised of SMABTP and MACSF have completed the acquisition of a majority shareholding in French reinsurer CCR RE, and also injected an additional €200 million of capital into the reinsurer, following relevant approvals being granted by the regulatory bodies. The acquisition represents a "strategic diversification project" for the two ... Read the full article
US insurance M&A resilient in a challenging deals environment: PwC
30th June 2023
In contrast to the broader deals slowdown in other sectors, there were 194 announced insurance M&A transactions representing over $7 billion in value for the six months from mid-November 2022 to mid-May 2023, suggests a new report from PwC. This total compared to 263 announced transactions and $2 billion in deal ... Read the full article
Brookfield Reinsurance delivers proposal to acquire AEL for $4.3bn
27th June 2023
Brookfield Reinsurance has announced that following close of markets on June 26, 2023, the company has submitted a letter to the board of directors of American Equity Investment Life Holding Company (AEL) setting forth a proposal to acquire all of the outstanding shares of common stock of AEL not already ... Read the full article
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
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