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.
M&A boom continues amid economic uncertainty: Howden
13th April 2023
Howden M&A, the international M&A insurance broker, has reported that the “boom” in merger and acquisitions (M&A) activity continues to play out as deal makers look to take advantage of the uncertain economic environment. The broker’s M&A Insurance Claims Report analyses some of the key trends across the UK and Europe, ... Read the full article
Westland continues to grow across Canada with new acquisitions
11th April 2023
Westland Insurance, an independent insurance broker, has expanded its property and casualty (P&C) practices with three acquisitions in April, which include Haggett & Rogers Group of Companies, BMT Insurance Brokers Limited, and Dimensions Insurance Management. Westland’s President and CEO, Jamie Lyons, commented: “With these three outstanding companies joining our family, we’re ... Read the full article
Arch Insurance acquires insurtech Thimble
11th April 2023
Arch Insurance has expanded its suite of digital solutions with the acquisition of Thimble, an insurtech platform for small business customers and agents. Since May 2018, Thimble has delivered more than 170,000 policies to small businesses across the United States, and works with a variety of carriers including Markel and Employers. Following ... Read the full article
Ardonagh acquires Netherlands insurance firm Klap from Nedvest
11th April 2023
The Ardonagh Group has agreed to acquire Klap Verzekeringsmakelaar, a Netherlands-based specialist commercial lines insurance broker. Founded in 1854, Klap advises SME companies on employee benefits, insurance, and pensions, distributing over €100m of GWP annually. Under the leadership of Jorg Roodbeen, Klap CEO, and with support from Tim Kreté, partner at Nedvest, ... Read the full article
Nexus Underwriting drives Middle East footprint with Spectrum acquisition
11th April 2023
Nexus Underwriting, an independent specialty MGA, has announced that it has completed its acquisition of a majority stake in Spectrum Risk Management, a specialist MGA headquartered in Dubai that primarily focuses on Marine and Property insurance and reinsurance. This marks Nexus’ 16th acquisition since the company formed in 2008, and the ... Read the full article
Sound Point Capital to acquire Assured Investment Management
5th April 2023
Sound Point Capital Management, LP, a credit-oriented investment manager, has entered into an agreement to acquire Assured Investment Management LLC and certain of its related asset management entities (Assured-IM), which conducts the institutional asset management business of Assured Guaranty Ltd. (together with its affiliates, Assured Guaranty). Once the acquisition is completed, ... Read the full article
Acrisure enters Central and Eastern Europe with acquisition of Unlink Group
5th April 2023
Global insurance broker and Fintech leader, Acrisure, has announced its acquisition of Unilink Group, the largest insurance distribution platform in the Central and Eastern European (CEE) region. By completing this acquisition, Acrisure will obtain over 1,300 colleagues across Poland, Bulgaria, Romania, Czech Republic, Slovakia and Moldova, as well as clients within ... Read the full article
Canada Life set to expand wealth presence with IPC acquisition
4th April 2023
Canada Life, the subsidiary of Great-West Lifeco Inc., has unveiled an agreement to acquire Investment Planning Counsel Inc., an independent wealth management firm, from IGM Financial Inc. (IGM). With this acquisition, Canada Life is extending its wealth management reach and capabilities, promising to help advisors better meet the diverse and changing ... Read the full article
Pen Underwriting acquires Tay River Holdings & marine specialist subsidiaries
4th April 2023
Pen Underwriting has acquired Tay River Holdings and its wholly-owned marine specialist subsidiaries Vessel Protect, Trafalgar Marine Trades and BMM Ports & Terminals for an undisclosed sum. Established in 2020 by marine underwriters Paul Hartley, James King and Chris Goddard, Tay initially comprised the three niche MGAs, backed by the A-rated ... Read the full article
Truist completes sale of 20% stake in insurance unit to Stone Point Capital
4th April 2023
Truist has announced that it has completed its previously announced sale of a 20% stake in Truist Insurance Holdings, Inc., a subsidiary of Truist and the sixth-largest insurance brokerage in the US, to funds managed by Stone Point Capital, a private equity firm focused on the global financial services industry, ... Read the full article
Sun Life completes sale of its UK business to Phoenix Group
3rd April 2023
Sun Life Financial has completed the sale of Sun Life UK to Phoenix Group, a London-based long-term savings and retirement business. This transaction will see Sun Life UK's life and pension policies and annuity blocks for UK Clients move to Phoenix Group. The deal was first announced in August of 2022, ... Read the full article
Gallagher enters Swedish market by consolidating its subsidiaries, hires Jonas Bergfeldt as CEO
3rd April 2023
Gallagher will launch its first direct presence in Sweden on the 3rd of April 2023, following the integration and rebranding of its three individual Swedish businesses Brim, Nordic and Proinova. Insurance and reinsurance broker Gallagher acquired Brim in 2016, which was followed by the acquisition of Nordic in 2017 and Proinova ... Read the full article
India’s Edme Services to acquire Aditya Insurance Brokers from parent and Infocyber
29th March 2023
The sale of the entire stake of Aditya Birla Insurance Brokers Limited (ABIBL) to Edme Services Private Limited has been approved by the Board of Directors of its parent, Aditya Birla Capital Limited (ABCL), subject to requisite approvals. Currently, ABCL along with its nominees hold a little more than 50% of ... Read the full article
AnaCap sells minority stake in MRH Trowe to TA Associates
27th March 2023
AnaCap Financial Partners has announced the sale of a minority stake in portfolio company MRH Trowe to TA Associates two and half years after its initial investment at a 4.3x money multiple. MRHT’s founding managers will remain the largest shareholder group post-transaction and will be backed by both AnaCap and TA ... Read the full article
Insurance M&A activity in Europe reached all-time high in 2022: FTI Consulting
23rd March 2023
Investor appetite for insurance assets achieved a new annual record in 2022, with European insurance M&A activity reaching all-time high despite economic headwinds, according to a recent report by FTI Consulting, Inc. The pace of activity seen in 2021 largely continued through 2022, the report found that 435 deals were recorded ... Read the full article
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