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.
BMS acquires Austbrokers Coast to Coast to boost Australian presence
18th January 2023
Independent specialist insurance and reinsurance broker, BMS has acquired Austbrokers Coast to Coast (C2C), the specialist Australian corporate, business, and retail broker. Terms of the transaction have not been disclosed. Founded in 1982, C2C is based in Burleigh Heads on the Gold Coast in Queensland. The firm specialises in transport, construction, hazardous goods, ... Read the full article
Miller appoints Claire Connolly as Head of M&A
16th January 2023
Independent specialist re/insurance broker Miller, has appointed Claire Connolly as Head of M&A, to support the firm’s continued growth ambitions. Within this role, she will report to Ben Speers - Chief Corporate & Legal Affairs Officer. Connolly brings significant experience in M&A, corporate development, and finance in the insurance industry, towards her ... Read the full article
Howden completes acquisition of TigerRisk
12th January 2023
Howden Group Holdings has completed the acquisition of TigerRisk Partners (now Howden Tiger), with the firm stating, "Together, we are the world's fourth largest global reinsurance broker." Howden also suggested that following the acquisition, it has created the world’s largest programme, MGA and binding authority capability, which it calls Howden Tiger ... Read the full article
Duck Creek to acquire Imburse Payments
11th January 2023
P&C solutions provider Duck Creek Technologies has announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform. Imburse's cloud-native SaaS payment solution is designed for the insurance industry, with the intent to bring greater ease and efficiency to end-to-end transactions. As part of Duck Creek, Imburse will continue to ... Read the full article
Aquarian completes takeover of Somerset Re
10th January 2023
New York domiciled investment firm, Aquarian Holdings, has announced the closing of its acquisition of a controlling stake in Bermuda-based reinsurer, Somerset Reinsurance, from shareholders. The deal, first announced back in June 2022, will see Aquarian provide new capital to drive further growth, fortify Somerset Re’s market position, and offer ... Read the full article
Amynta Group acquires MGU Ambridge from Brit
10th January 2023
Amynta Group has announced a strategic partnership in which it will acquire Ambridge Group, the Managing General Underwriter (MGU) operations of Brit, a subsidiary of Fairfax, for $400m and enter into a multi-year agreement for Brit to be a significant capacity partner to Ambridge. Ambridge is a global MGU, offering a ... Read the full article
Duck Creek agrees acquisition by Vista for $2.6bn
9th January 2023
P&C solutions provider Duck Creek Technologies has agreed to be acquired by global investment firm Vista Equity Partners in an all-cash transaction valued at approximately $2.6 billion. Under the terms of the agreement, Duck Creek shareholders will receive $19.00 per share in cash, which represents a 46% premium to Duck Creek’s ... Read the full article
Ludlow Re enters multi-billion-dollar quota share agreement with SILAC
9th January 2023
SILAC Insurance Company has entered into a $2.5 billion quota share agreement with Hildene Capital Management affiliate, Ludlow Re, which will provide reinsurance for SILAC’s annuity products. The agreement comes as part of SILAC and Hildene entering into a long-term strategic alliance. As part of the alliance, Hildene has acquired a strategic ... Read the full article
MMA acquires HMS Insurance Associates
9th January 2023
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired Maryland-based HMS Insurance Associates (HMS), one of the US's largest independent agencies. As part of the acquisition, in which the terms were undisclosed, all of HMS's 120-plus employees, including president Gary L. Berger, will join MMA and work in the Hunt ... Read the full article
R&Q and Obra Capital form new JV to acquire MSA Safety’s legacy liabilities
6th January 2023
R&Q Insurance Holdings Ltd. and Obra Capital, Inc., the recently rebranded Vida Capital, have invested in a new joint venture to acquire a wholly owned subsidiary of global safety equipment manufacturer, MSA Safety Incorporated. In connection with the closing of the deal, MSA Safety contributed roughly $341 million in cash to the ... Read the full article
BearingPoint acquires Levo Consultants to boost insurance prospects
5th January 2023
European management and technology consulting firm, BearingPoint, has announced it has acquired Levo Consultants, a Paris-based financial services consultancy specialising in insurance, banking, and asset management sectors. Kiumars Hamidian, Managing Partner BearingPoint, commented, “Levo Consultants has a proven practice ... Read the full article
Howden acquires Spanish broker, March Risk Solutions
30th December 2022
Insurance broker Howden has acquired 100% of Spanish insurance broker March Risk Solutions (March R.S.) and has signed an alliance with Banca March, March R.S.’s parent company and one of the region’s pre-eminent investment banks. Following the purchase, Howden Iberia will exceed €100 million in revenue, as well as €700 million ... Read the full article
Arthur J. Gallagher acquires Brazil-based Interbrok Group
29th December 2022
Arthur J. Gallagher & Co. has announced the acquisition of São Paulo, Brazil-based Interbrok Group for an undisclosed price. Interbrok Group is a retail insurance broker founded in 1976, which offers a variety of commercial and personal insurance products and services to clients throughout Brazil. Following the acquisition, Angeles de Magalhães, Anselmo ... Read the full article
Prosperity still interested in American Equity takeover at better terms
28th December 2022
Prosperity Group Holdings has released a statement affirming that it remains interested in acquiring life and annuity insurer American Equity, despite the company having rejected a recent takeover bid. On December 8th, Prosperity made an offer to acquire American Equity Investment Life Holding Company (AEL) in an all-cash transaction at $45.00 ... Read the full article
Howden acquires TV & film broker Assimovie in Italy
23rd December 2022
International insurance broker Howden has announced plans to acquire Assimovie, a television, film and advertising insurance broker in Italy. The acquisition will make Howden the largest TV and Film production broking house in Italy and represents its ambition to expand its Sport and Entertainment operations in Europe. Founded in 2013 by Valeria ... Read the full article
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