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.
Nassau acquires Delaware Life Insurance Company of New York
22nd November 2022
Nassau Financial Group, L.P. has entered into a definitive agreement for its subsidiary, Nassau Life Insurance Company (NNY), to acquire Delaware Life Insurance Company of New York (DLNY) from Delaware Life Insurance Company. The transaction is expected to close in the second half of 2023. The transaction is also subject to customary ... Read the full article
Fosun appoints adviser as it mulls Peak Re sale: report
22nd November 2022
Fosun International, a Chinese multinational conglomerate holding company, has reportedly appointed Deutsche Bank to advise on a potential sale of its share in Peak Re, the Hong Kong domiciled reinsurer, according to a Reuters report. Citing four people with knowledge of the matter, Reuters notes that the potential sale comes as ... Read the full article
M&A activity has rebounded in 2022, suggests Sica | Fletcher
21st November 2022
After a slow start to the year as the industry focused on integrating the record number of transactions which closed at year-end 2021, M&A activity has rebounded, with deal volume up 3% on a year-to-date basis, says the Sica | Fletcher Agency & Broker Buyer Index. The Sica | Fletcher (SF) ... Read the full article
Risk Strategies bolsters medical presence with acquisition of Wallace Specialty
21st November 2022
Leading national specialty insurance brokerage and risk management firm, Risk Strategies, has acquired Wallace Specialty Insurance Group. Terms of the acquisition were not disclosed. Founded in 2012, Wallace Specialty was created to provide the dental industry with the best-in-class insurance services. The firm creates custom, comprehensive insurance plans for dental service organizations, ... Read the full article
Chubb increases stake in Huatai Insurance Group to 83.2%
18th November 2022
Chubb Limited has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase its ownership in Huatai Insurance Group Company Limited from 47.3% to 83.2%. In November 2019, Chubb announced that it had increased its ownership in Huatai Insurance Group Company from 30.9% to 46.2%. Chubb noted that ... Read the full article
“Frenzy” of deals yields mixed outcomes for transactional risk insurers: Lockton
18th November 2022
Dealmakers continued with a “frenzy” of transactions over the latter half of 2021 and into 2022, leading to both positives and negatives in the transactional risk market, according to the latest market update from re/insurance broker Lockton. PwC figures show a 24% increase in deal activity from 2020, and Lockton Transactional ... Read the full article
One80 acquires Comprehensive Planning – Goodman LLC.
17th November 2022
One80 Intermediaries, a specialty insurance broker, has acquired Comprehensive Planning – Goodman LLC. (CPG), an independent brokerage and managing general agency specialising in life insurance. According to the announcement, this move marks One80’s second major acquisition in the life insurance space, firmly establishing offerings in all 50 states. Boston-based CPG was established ... Read the full article
AJG to raise equity capital to fund new acquisitions
16th November 2022
Re/insurance broking firm, Arthur J. Gallagher & Co (AJG)., has announced the renewal of its equity financing program for acquisitions. The firm has registered seven million shares for issuance in connection with brokerage and risk management acquisitions, in addition to two million shares that remain available for issuance from previously. It has ... Read the full article
iprism acquires Metier Underwriting
16th November 2022
MGA firm iprism has acquired Metier Underwriting. The latter, officially named Metier Trading Limited (MTL), specialises in hard-to-place contractor liabilities in construction and are experienced in the leisure, events, and security industries. The Lloyd’s coverholder is led by chief underwriting officer Stuart McAlister, who with Gaynor McAlister, established MTL in 2011. Ian Lloyd, ... Read the full article
Arthur J. Gallagher acquires PIUS Limited
10th November 2022
Re/insurance broking firm, Arthur J. Gallagher & Co has announced it has acquired North Carolina-based PIUS Limited and its affiliate Newlight Capital. Terms of the transaction were not disclosed. Patent Insurance Underwriting Services (PIUS) is a managing general agent offering a proprietary insurance product that allows clients to insure certain intellectual property ... Read the full article
Novatae Risk acquires MarketScout, names Richard Kerr CEO
10th November 2022
Novatae Risk Group, a full-service wholesale insurance broker, managing general agency (MGA) and programme manager, has acquired fellow, Dallas-based brokerage firm MarketScout Corporation, and announced the latter's Founder and Chief Executive Officer (CEO), Richard Kerr, as its new CEO. Effective immediately, Kerr takes over from acting CEO and Chief Operating Officer (COO), ... Read the full article
Ambac acquires All Trans Risk Solutions & Capacity Marine Corporation
10th November 2022
Financial services holding company Ambac has announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corporation. All Trans Risk Solutions operates as a full service managing general underwriter (MGU) specialising in commercial automobile insurance for specific "for-hire" auto classes. Meanwhile, Capacity Marine Corporation is ... Read the full article
Aon acquires ERN to drive cat modeling & consultancy in LatAm
9th November 2022
Global professional services firm, Aon, has acquired ERN (Evaluación de Riesgos Naturales), a Mexico-based leader in risk assessment modeling. The acquisition will help drive and expand Aon’s catastrophe modeling and consultancy capabilities in Latin America. Founded in 1996, ERN has developed modeling capabilities that are specific to Latin America and backed by ... Read the full article
BOXX Insurance acquires cyber platform Templarbit
9th November 2022
Toronto-based cyber insurance specialist BOXX Insurance has acquired cyber intelligence platform Templarbit. Terms of the deal were not disclosed, but BOXX said it gave the firm ‘additional momentum’ to pursue its vision of ‘making the world a digitally safer place’. With teams in Palo Alto and Los Angeles, Templarbit was founded by ... Read the full article
AM Trust acquires Contractor Managing General Insurance Agency
9th November 2022
AM Trust Financial Services, a global property & casualty insurer, has acquired Contractor Managing General Insurance Agency, Inc. (CMGIA). CMGIA is a California-based MGA that offers surety bonds to small to mid-sized contractors. The company heavily concentrates on the needs of construction professionals nationwide. The firm is led by Stephanie Shear, a ... Read the full article
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