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.
Arthur J. Gallagher acquires BCHR Holdings for $660m
22nd December 2022
Arthur J. Gallagher & Co. has announced an agreement to acquire the partnership interests of BCHR Holdings, known as Buck, in the firm's largest HR benefits acquisition to date, valued at $660 million. Buck is a leading provider of retirement, HR and employee benefits consulting and administration services, primarily serving customers ... Read the full article
Sompo International completes sale of EAL business to RiverStone
20th December 2022
Insurance giant Sompo International has completed the sale of its run-off business Endurance at Lloyd’s (EAL) to RiverStone Holdings. The firm said in a statement that it had received regulatory approval from the UK Presidential Regulation Authority, following its previously communicated strategic objective to consolidate its UK presence into one company ... Read the full article
Trean Insurance Group agrees to be acquired by Altaris Capital Partners
19th December 2022
Trean Insurance Group has announced that it has entered into a definitive merger agreement with affiliates of Altaris, which currently owns approximately 47% of Trean’s outstanding common stock. The transaction, which implies a total equity value for Trean of approximately $316 million, is expected to close during the first half of ... Read the full article
Smaller deals and slower pace drive the global 2023 M&A outlook: WTW
16th December 2022
Dealmaking in the global M&A market is expected to remain active in 2023 despite ongoing uncertainty and major headwinds, with recession fears triggering a ‘lipstick effect’ as larger deals fall out of favour, according to WTW. Recent research by the multinational insurance advisor company, showed buyers outperforming the wider market as ... Read the full article
Arthur J. Gallagher acquires Aviation Insurance Australia
15th December 2022
Re/insurance broking firm Arthur J. Gallagher & Co have acquired Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed. Founded in 1993, Aviation Insurance Australia is a specialist retail insurance broker that serves aviation and aerospace clients throughout the country. The brokerage website says the firm manages all aircraft types ... Read the full article
Kastor Holdings has acquired BritAmerica and BMG Insurance Brokers
15th December 2022
Kastor Holdings has acquired BritAmerica and its BMG Insurance Brokers subsidiary as part of its plans to expand into America. The deal was completed at the beginning of the month. BritAmerica and BMG will remain under the leadership of the operation’s current chief executive officer and president, Simon Hall, with Jeff ... Read the full article
Arthur J. Gallagher acquires Mahowald Insurance
14th December 2022
Re/insurance broking firm, Arthur J. Gallagher & Co. have acquired St. Cloud, Minnesota-based Mahowald Insurance, LLC. Terms of the transaction were not disclosed. Founded in 1930, Mahowald is a retail insurance agency that offers commercial and personal products, as well as employee benefit packages and risk management services for clients across the ... Read the full article
Keystone announces NJAA to merge into independent agency network
14th December 2022
Keystone Insurers Group has announced it has entered into a definitive agreement to merge New Jersey Agents Alliance (NJAA) into its nationally ranked network. Terms of the transaction were not disclosed, though Keystone has confirmed NJAA’s 22 members unanimously approved the agreement. Additionally, NJAA Founder and President, Bob Mazey, has accepted ... Read the full article
Generali says Cattolica integration proceeding swiftly
13th December 2022
Generali has put out an update for the financial community on the integration of cooperative insurance firm Cattolica and the implementation of new accounting standards. The financial giant said in its two-page update that an effective and accelerated integration process had caused synergies under Cattolica to rise from €80m by 2026 ... Read the full article
Ryan Specialty to acquire Griffin Underwriting Services
12th December 2022
Ryan Specialty has signed a definitive agreement to acquire what it calls ‘certain assets’ of Griffin Underwriting Services. The firm said in a statement that it was expected that the acquisition would close next month. Terms were not disclosed. Tim Turner, president of Ryan Specialty and chairman and CEO of RT Specialty, ... Read the full article
FedNat exploring strategic alternatives as it files for Chapter 11 bankruptcy protection
12th December 2022
Florida-based primary insurer, FedNat Holding Company, has announced that it and certain wholly-owned subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S., with the company set to explore all strategic alternatives, including a sale of its assets. FedNat says that it has filed voluntary petitions ... Read the full article
Alpha Growth completes share purchase acquisition of Old Mutual International
8th December 2022
Alpha Growth Plc, a financial services specialist in the life insurance and longevity asset class, has announced that it has completed a share purchase acquisition of Old Mutual International (Guernsey) Ltd. Following completion of the acquisition, the entity is now renamed as Alpha International Life Assurance Company ... Read the full article
Ardonagh acquires British broker The Professional Indemnity Company
6th December 2022
Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, has acquired The Professional Broking Group Limited which trades as The Professional Indemnity Company. The business will operate as part of the wider Ardonagh Advisory platform which includes regional PI broker Alice Castle and Lloyd’s PI broker Hera Indemnity, as well ... Read the full article
BMS acquires Eisenar to boost Iberian expansion
6th December 2022
BMS has announced that it has signed a deal to acquire Spanish specialty insurance broker Eisenar in a move that will further bolster its Iberian regional expansion. Founded in 2001 by Eugenio Sanchez-Belda, Eisenar is headquartered in Seville and specialises in industrial risks and professional sports insurance, with Seville Football Club ... Read the full article
Marsh McLennan Agency acquires McDonald Zaring Insurance
5th December 2022
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced the acquisition of McDonald Zaring Insurance (MZI), a US full-service agency located in Walla Walla, Washington. Terms of the acquisition were not disclosed. Founded in 1932, McDonald Zaring Insurance serves individuals and businesses across various industries and sizes, including agri-business, wineries, financial ... 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.
