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.
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
AM Best says strategic rationale for RenRe’s acquisition of Validus is “sound”
24th May 2023
AM Best has suggested the strategic rationale for RenaissanceRe’s acquisition of Validus Re from AIG appears sound, as it will immediately enhance the firm's already strong market position in many business lines in which it already successfully participates. As we wrote previously, RenRe has agreed to acquire Validus and all ... Read the full article
RenRe prices share offering to partially fund Validus acquisition
24th May 2023
RenaissanceRe Holdings Ltd. (RenRe) revealed the pricing of its underwritten public offering of 6,300,000 common shares, set at a price of $192.00 per share, before underwriting discounts and commissions. The net proceeds from this offering will be allocated to cover a portion of the cash consideration for the Validus Acquisition, along ... Read the full article
RenRe CEO emphasises forward-looking approach with Validus Re acquisition
24th May 2023
RenaissanceRe (RenRe) CEO Kevin O’Donnell highlighted the forward-looking nature of the company's acquisition of Validus Re. RenRe is aiming to become a top-5 global property and casualty reinsurer with the acquisition of Validus and all its subsidiaries from global player AIG for around $3 billion. "This is a forward looking transaction. ... Read the full article
RenRe can deploy Validus Re into its portfolio on day one: CEO O’Donnell
23rd May 2023
"We expect we can fully deploy Validus Re into our portfolio on day one, and fully integrate it into our risk management system soon afterwards, diminishing execution risk," says RenaissanceRe CEO Kevin O'Donnell, following the news that the firm is set to acquire Validus from AIG for $3bn. "We believe ... Read the full article
Brown & Brown to acquire Kentro Group by Q4 2023
23rd May 2023
J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., announced that the company has entered into an agreement to acquire Kentro Capital Limited. The transaction is expected to close in Q4 2023, subject to certain closing conditions, including the receipt of required regulatory approvals. The Kentro Group and its ... Read the full article
RenRe’s GPW poised to expand by 30% to $12bn following Validus Re acquisition
23rd May 2023
Bermuda-based RenaissanceRe's acquisition of Validus Re is expected to expand the reinsurer's gross premiums written (GPW) by around 30%, resulting in a combined portfolio of almost $12 billion, creating a top-5 global property and casualty (P&C) reinsurer As we wrote previously, RenRe has agreed to acquire Validus and all its ... Read the full article
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