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.
Honan expands NZ market share with acquisition of Certus Insurance Brokers
17th March 2023
Honan Insurance Group has boosted its service capability and reach in the New Zealand market through the acquisition of Certus Insurance Brokers (CIBNZ). According to Honan, the acquisition signifies its continued growth ambition and diversification into the New Zealand market, which saw national Gross Written Premiums totalling more than $7 billion ... Read the full article
Insurance group SRG buys Consort Insurance
16th March 2023
Insurance industry intermediary Specialist Risk Group (SRG) has announced the acquisition of mid-market commercial broker Consort Insurance. The deal, which is subject to regulatory approval, will see Consort Managing Director Danny Harwood and his team join Specialist Risk Insurance Solutions (SRIS), led by Oliver Thorne who was named ist Managing Director ... Read the full article
IGI completes acquisition of Norwegian MGA Energy Insurance Oslo
15th March 2023
International General Insurance Holdings Ltd. (IGI), has completed its acquisition of Norway-based managing general agency, Energy Insurance Oslo AS (EIO). The transaction was first announced in August last year, and was originally expected to close during Q322. IGI noted that the acquisition includes all outstanding shares of EIO. The entity, which ... Read the full article
Howden acquires Liechtenstein broker to continue European expansion
15th March 2023
International insurance broker Howden, has announced its acquisition of BWV Versicherungsbroker AG (BWV) in Liechtenstein, an independent broker with a portfolio of corporate and private clients. Trading as Howden Liechtenstein AG following completion of the acquisition, the business will be led by Felix Jenny, CEO of Howden Switzerland, Austria and Liechtenstein, ... Read the full article
Swiss Re sells German subsidiary Movingdots to Powerfleet
10th March 2023
Swiss Re has agreed to sell its Germany-based subsidiary Movingdots, a provider of insurance telematics and sustainable mobility solutions, to Powerfleet. Movingdots’ buyer is described as a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimise the performance of mobile assets and resources to unify business operations. In partnership ... Read the full article
Hilb Group acquires Florida agency E/G
10th March 2023
The Hilb Group, a leading property and casualty (P&C) and employee benefits insurance brokerage, has acquired E/G of Florida. The acquisition of E/G of Florida plays a significant role in expanding the company's growing presence in the Southeast region, as well as building upon its P&C expertise. As part of the acquisition which ... Read the full article
Gallagher Re acquires WTW India treaty reinsurance operation
9th March 2023
Reinsurance broker Gallagher Re is set to expand its operations in India with the creation of a single treaty reinsurance team that will be led by Vinod Krishnan, following an agreement to acquire the treaty reinsurance broking operations of Willis Towers Watson India Insurance Brokers Private Limited (WTW India). The reinsurance ... Read the full article
Schofield & Cutts-Watson complete merger of RISCS & CWC
9th March 2023
Industry veterans Oliver Schofield and Malcolm Cutts-Watson, principles of Risk and Insurance Strategy Consultants (RISCS) and Cutts-Watson Consulting (CWC) have announced the completion of the merger of their respective businesses into the newly created RISCS CWC, effective immediately. Details of the merger were first announced in January 2023. Under the terms ... Read the full article
Strategic Risk Solutions acquires majority interest in Alpha Isle Services
9th March 2023
Strategic Risk Solutions has announced that it has acquired a majority interest in Alpha Isle Services, a specialist medical stop loss claims administrator. Founded in 2021, AIS is led by Anne Trupiano, Robyn Eagan, and Nina Carrico. The buisness is headquartered in Massachusetts and operates nationwide. Following the acquisition, both Eagan ... Read the full article
Gallagher Re acquires London market binder broker, Bay Risk
6th March 2023
Reinsurance broker Gallagher Re, has announced that it has acquired the business and assets of Bay Risk Services Limited, a member of the Optio Group, for an undisclosed sum. Established in 2016 as a London-based, independent Lloyd’s broker, Bay Risk specialises in structuring and placing contracts of delegated underwriting authority and, ... Read the full article
Howden acquires entertainment broker Franz Gossler
6th March 2023
International insurance broker Howden has acquired Germany's Franz Gossler Insurance Group to bolster its position as a leading sport, film and entertainment broker in Europe. Franz Gossler Insurance Group was founded in 1970 and is an owner-managed company specialising in the field of entertainment, film, event and advertising insurance. The transaction was ... Read the full article
Global insurance M&A activity hits decade high in 2022: Clyde & Co
3rd March 2023
Global insurance mergers and acquisitions (M&A) activity saw a 10-year high in 2022, though a marked downturn in H2 as economic pressures began to impact investor sentiment has left the outlook for 2023 somewhat mixed, says global law firm Clyde & Co. There were a total of 449 completed M&A worldwide ... Read the full article
Howden drives UK footprint through acquisition of Reich
3rd March 2023
Insurance broker Howden has announced the acquisition of Reich Insurance Group. Reich is a £100 million GWP business, headquartered in Manchester. The firm serves a variety of UK and international clients, and has over 140 employees. The company is led by Simon Taylor and Danny Lopian. Reich offers a full spectrum of ... Read the full article
Arthur J. Gallagher acquires broker Anderson Benson
3rd March 2023
Arthur J. Gallagher & Co. has acquired Nashville, Tennessee-based Anderson Benson, a retail insurance broker and risk management firm. Anderson Benson was founded in 2012 and has an entertainment niche expertise as well as specialisations in hospitality, construction, transportation and private clients across the US. George Anderson, Reno Benson, Brent Daughrity, Steve ... Read the full article
Ardonagh Specialty completes purchase of Oxford Insurance Group
2nd March 2023
Ardonagh Specialty, part of the Ardonagh Group, has announced the completion of its purchase of Oxford Insurance Group. The acquisition was originally announced in October 2022. The addition of Oxford Insurance Group will bring $250 million of gross written premium, as well as additional capacity in professional indemnity, general liability, marine ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
