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.
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
Howden completes acquisition of AlphaXO Risk Partners
2nd December 2022
Insurance broker Howden has increased its shareholding to 100% in AlphaXO Risk Partners (AlphaXO), a specialty insurance broker headquartered in Sydney. AlphaXO’s leadership will remain unchanged, with Andrew Glover continuing to serve in his role as Managing Director. Established in 2007, AlphaXO is one of the Pacific region’s foremost specialist insurance broking ... Read the full article
Warburg Pincus set to acquire K2 Insurance Services from Lee Equity Partners
1st December 2022
Leading independent specialty insurance program manager, K2 Insurance Services, has announced that Warburg Pincus, a leading global growth investor, has agreed to acquire the company from Lee Equity Partners, LLC, a growth oriented middle market private equity firm. The investment will support K2's continued growth strategy, which includes M&A and de-novo ... Read the full article
AssuredPartners acquires Alpine Insurance Associates
1st December 2022
Insurance broker, AssuredPartners, has acquired Alpine Insurance Associates, located in Reno, NV. Alpine’s team will remain under the operational leadership of President, Chris Gonfiantini and Vice President, Ryan Garaventa. Gonfiantini, commented: “In addition to Alpine’s cutting-edge products and competitive pricing, building honest relationships has always remained at the forefront of what we ... Read the full article
Owners of re/insurance broker BMS said to be considering £600m sale
30th November 2022
Reports suggest that investment firms British Columbia Investment Management Corp. (BCI) and Preservation Capital Partners are mulling the sale of global insurance and reinsurance broker BMS Group. According to a Bloomberg report, citing people familiar with the matter, a sale of BMS could value the broker at more than £600 million ... Read the full article
Amwins acquires wholesale business from Franklin Street
30th November 2022
Amwins, a global distributor of specialty insurance products and services, has purchased Arena Special Risks' wholesale business from commercial real estate and retail insurance firm Franklin Street. Both Amwins and Franklin Street have a long-standing relationship and both company’s recognise the exciting growth opportunity that exists for this wholesale property business on a ... Read the full article
Charles Taylor acquires Ohio-based TPA The Matrix Companies
30th November 2022
Independent global provider of claims solutions, Charles Taylor, has announced it has acquired The Matrix Companies, a third-party administrator and risk management specialist. The acquisition is set to broaden Charles Taylor’s portfolio by including Matrix’s full spectrum of risk management and workplace safety solutions. It will also provide Matrix clients with national ... Read the full article
KKR invests in European insurance broker APRIL
30th November 2022
French insurance broker APRIL Group has announced it has signed a long-term strategic partnership with global investment firm KKR. KKR joins this “strategic” partnership as a majority shareholder. Details of the transaction have not been disclosed and it is yet to be approved. According to the announcement, by teaming up with KKR, ... Read the full article
Arthur J. Gallagher acquires P&C agency Bulen & Associates
30th November 2022
Re/insurance broking firm Arthur J. Gallagher & Co has announced the acquisition of California-based Bulen & Associates Insurance Services, Inc. Bulen & Associates is a retail property/casualty insurance agency serving commercial clients and individuals. It was founded in 1929 and is currently based in Murrieta, southern California. Agency Principal and Sales Manager Lisa ... Read the full article
Aegon sells insurance e-broker Futuready Thailand
29th November 2022
Life Insurer and asset manager Aegon, is to sell Futuready Thailand, one of the country’s leading insurance e-brokers offering consumer-focused insurance solutions through affinity channels and partners. On November 28th, The Huntington Group, a Singapore-based private equity firm, announced its decision to acquire the broker from Aegon. Financial terms of the ... Read the full article
Helvetia Group completes sale of Sa Nostra Vida to Caixabank
28th November 2022
Swiss insurer Helvetia Group has sold its stake in Spanish life insurer Sa Nostra Vida to Caixabank. According to the firm, the sale price was €262m and will return a high double-digit million profit for Caser. Sa Nostra Vida contributed ₣7.7m to the Group's annual result in 2021 and generated gross premiums ... Read the full article
Dubai’s Sukoon completes buyout of Generali’s UAE life insurance portfolio
28th November 2022
Dubai-based Sukoon Insurance, formerly Oman Insurance, has acquired the life insurance portfolio held by Assicurazioni Generali in the UAE, following the original agreement to buy signed in February last year. The transfer, which covers unit-linked life insurance policies, has now been fully approved by regulators, including the Central Bank of UAE ... Read the full article
Liberty Mutual considers $1bn sale of Europe business
25th November 2022
US insurer, Liberty Mutual Holding Company (LMHC), is exploring a sale of its businesses in Spain, Portugal and Ireland, according to Bloomberg News sources. People familiar with the matter - who have asked not to be identified as discussions are private - have revealed that LMHC is working with Bank of ... Read the full article
Fanhua agrees to acquire Chinese life MGA Zhongrong, launches new tech offering
25th November 2022
Independent Chinese financial services provider, Fanhua Inc., has announced the execution of a term sheet to acquire majority interests in Zhongrong Smart Finance Information Technology. The proposed transaction will involve the issuance of up to 62 million new ordinary shares of Fanhua, representing 5.44% of its enlarged share capital, in exchange ... Read the full article
Marsh to acquire majority share in Moroccan insurance broker Beassur Marsh
24th November 2022
Insurance broker and risk advisor, Marsh, has announced that it intends to exercise its option to acquire the majority of shares in Beassur Marsh, following its acquisition of a stake in the Moroccan insurance broker in June 2019. The Beassur Marsh team is headquartered in Casablanca and will become part of ... Read the full article
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