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 Focus Insurance
8th November 2022
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Focus Insurance, a personal insurance brokerage firm based in Houston, Texas. All Focus employees, including Vice President at Focus Mickie Comiskey, will be joining Marsh McLennan Agency (MMA). Comiskey said, “Joining MMA is an opportunity for us to deliver even ... Read the full article
Generali reaches insurance distribution agreement with CTT Group in Portugal
7th November 2022
Generali’s Portuguese entity Tranquilidade has entered into a long-term agreement with CTT Group, the Portuguese postal services group, for the distribution of Life and P&C policies, with the partnership being reinforced by the acquisition of a stake in ... Read the full article
Specialty Program Group acquires the assets of Catapult Insurance Solutions
7th November 2022
Specialty Program Group LLC (SPG), a leading operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of Catapult Insurance Solutions. Catapult is a privately held managing general insurance agency and wholesale brokerage for niche industries and hard-to-place risks. The company is led by President, Tim Sunderman. Moreover, Catapult's largest ... Read the full article
Monument Re completes acquisition of portfolio from Zurich International Life
4th November 2022
Monument Re’s Isle of Man subsidiary, Monument International Life Assurance Company Limited (MILAC) has completed its acquisition of the closed book portfolio of Zurich International Life Limited’s (ZILL) Singapore long term life insurance business. The ZILL Singapore branch portfolio and employees have transferred into the Singapore branch of MILAC following receipt ... Read the full article
Gallagher bolsters Irish presence with acquisition of Doyle Mahon
4th November 2022
Gallagher has announced that it has acquired Doyle Mahon Insurances, further augmenting its presence in Ireland. The news follows Gallagher’s acquisition of Innovu in June this year, which it has now fully integrated and is being rebranded to Gallagher on November 7th, 2022, marking the firm’s first direct presence in ... Read the full article
Marsh McLennan Agency acquires Bradley Insurance
4th November 2022
Commercial insurance broker based in Tennessee, Bradley Insurance Agency, has been acquired by Marsh McLennan Agency (MMA), a subsidiary of Marsh. The terms of the acquisition have not been disclosed. According to the announcement, all Bradley Insurance employees will be joining MMA, including Kendall and Kevin Bradley who acquired the agency ... Read the full article
Arthur J. Gallagher acquires M&T Insurance Agency
3rd November 2022
Re/insurance broking firm, Arthur J. Gallagher has completed its acquisition of Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corporation. Terms of the transaction were not disclosed. Last month the firm said in a statement that it had signed a definitive agreement to acquire the indirect subsidiary ... Read the full article
Longshore completes acquisition of Southwest Adjusters
2nd November 2022
Longshore Capital Partners has announced that it has completed the acquisition of a multi-line independent insurance adjustment agency, Southwest Adjusters, with Evolve Capital Partners acting as the exclusive financial advisor. Southwest Adjusters (SWA) is headquartered in Dickinson, TX, and provides outsourced insurance claim adjusting services nationwide for property, catastrophe, desk and ... Read the full article
Monument Re completes acquisition of portfolio from AXA Belgium
2nd November 2022
Life insurance and reinsurance holding company, Monument Re, through its Belgian subsidiary Monument Assurance Belgium (MAB) has completed the acquisition of a run-off life insurance portfolio with BEGAAP provisions of €2.6 billion from AXA Belgium. The acquisition was completed following regulatory approval from the National Bank of Belgium. Talks of the ... Read the full article
Wright Flood acquires IAT Insurance Group’s flood policy book
2nd November 2022
Wright National Flood Insurance Company has announced an agreement to acquire the flood insurance policy book from IAT Insurance Group Inc. and its affiliate Occidental Fire and Casualty Company of North Carolina. Beginning in early 2023, Wright Flood will service, administer, and issue flood coverage under the National Flood Insurance Program ... Read the full article
Verisk sells energy business Wood Mackenzie to Veritas for £3.1bn
31st October 2022
Global data analytics provider Verisk has announced plans to sell its energy business, Wood Mackenzie, to Veritas Capital for $3.1 billion as it continues to shift its focus towards becoming a pure-play re/insurance business. Having joined Verisk in 2015, Wood Mackenzie provides data, analytics, and insights to support the energy, ... Read the full article
Aegon to combine its Dutch operations with a.s.r.
27th October 2022
Aegon has announced it has reached an agreement with a.s.r. to combine its Dutch pension, life and non-life insurance, banking, and mortgage origination activities. The firm states that the combination will create a leading Dutch insurance company, enabling it to accelerate its strategy and will represent a major step in its ... Read the full article
Fosun weighs options for Peak Re as it looks to pay down debt
27th October 2022
Chinese conglomerate and investment company, Fosun International Ltd. is considering selling its majority stake or a minority interest in Peak Reinsurance Co., according to Bloomberg News sources. A transaction could value Peak Re at $500 million to $1 billion, and potential buyers have shown interest, including private equity firms, sources said. ... Read the full article
Acrisure to acquire two more firms
26th October 2022
Fintech firm Acrisure is to acquire the firms Sutton Winson and Sutton Specialist Risks (SSR). Both deals are subject to FCA approval and are expected to close within the next few weeks. This year, the firm says that it has completed or has under a letter of intent more than 120 ... Read the full article
AmTrust acquires DUAL NA’s middle market management liability practice
25th October 2022
AmTrust Financial Services, Inc. has acquired the middle market management liability business of DUAL North America. The acquisition includes DUAL North America’s underwriting team and renewal rights to its portfolio. As part of the transaction, seven DUAL professionals will join AmTrust's EXEC unit. Moreover, DUAL North America Management Liability is a nationwide admitted ... Read the full article
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