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.
Howden acquires marine broker Seasecure in France
6th October 2022
International insurance broker Howden has announced the acquisition of independent French marine broker Seasecure Group. The acquisition of Seasecure Group, is one of France’s largest Marine and Cargo insurance brokers, is expected to help Howden’s continued expansion into the French market. Founded in 2008 and headed by Jean Brossollet, Seasecure comprises two ... Read the full article
US life M&A activity to slow amid economic & regulatory concerns: Moody’s
5th October 2022
According to a report from Moody's, M&A and disposition activity within the US life insurance sector will continue in 2022 and 2023, however, weakening macroeconomic conditions and new regulatory hurdles will likely slow activity and somewhat reduce deal flow. From a credit perspective, M&A and divestitures are generally good for sellers, ... Read the full article
Ardonagh Europe completes acquisition of Léons Group, in the Netherlands
5th October 2022
Ardonagh Europe, a subsidiary of The Ardonagh Group, has completed its acquisition of Léons Group, an independent family-owned insurance brokerage and consultancy firm in the Netherlands. The acquisition was originally announced in July earlier this year. Headquartered in Amsterdam and founded in 1951 by Max Léons, Léons Group specialises in full-service ... Read the full article
Jencap acquires Tarheel Insurance Services
5th October 2022
Jencap Group has announced that it has agreed to acquire the assets of Tarheel Insurance Services, Inc., a full-service specialty workers’ compensation wholesale brokerage based in Statesville, NC. Tarheel is set to operate under the auspices of the Jencap Insurance Services Inc. (JCIS) division. Bruce Peddle, President of JCIS, commented, “Tarheel provides ... Read the full article
2021 active year for M&A, says AM Best
4th October 2022
A new report from AM Best says that 2021 was an active year for mergers and acquisitions with large block reinsurance transactions leading to a 41% increase in admitted assets owned by private equity firms. The report, Private Equity Continues to Make Inroads in Insurance Industry, AM Best states that as ... Read the full article
Athora Belgium acquires life insurance portfolio from NN Insurance Belgium
4th October 2022
Athora Belgium, a wholly owned subsidiary of life insurance group Athora Holding (Athora), has announced it has completed the acquisition of a closed-book individual life portfolio from NN Insurance Belgium. The transaction brings its assets under management to 11.4 billion euros, and is in line with Athora’s growth strategy focused on ... Read the full article
Arthur J. Gallagher sets its sights on M&T Insurance Agency
4th October 2022
Re/insurance broking firm Arthur J. Gallagher has announced that it plans to acquire M&T Insurance Agency, a provider of risk management and group benefits consulting services based in Buffalo, NY. The firm said in a statement that it had signed a definitive agreement to acquire the indirect subsidiary of M&T Bank ... Read the full article
Monument Re announces merger of AME Life Luxembourg
3rd October 2022
Monument Re has announced that AME Life Lux S.A. will merge into its subsidiary, Monument Assurance Luxembourg S.A. following receipt of regulatory approval from the Commissariat aux Assurances. Following this merger, Monument Assurance Luxembourg S.A. will be the sole Monument Luxembourg entity. The acquisition of AME Life Lux S.A. was completed ... Read the full article
UniCredit & Allianz “unwind” Croatian shareholdings
3rd October 2022
Italy-based international banking group UniCredit says it has taken further steps to consolidate its partnership with German multinational financial services firm Allianz by “unwinding” their direct and indirect shareholdings in Croatia. To this end, UniCredit has agreed to purchase Allianz’s entire 11.72% stake in Croatian insurance company Zagrebačka banka dioničko društvo ... Read the full article
Trisura Group acquires Sovereign Insurance’s surety business
3rd October 2022
Trisura Group Ltd. a specialty insurance provider, has acquired Sovereign Insurance’s surety business in Canada. The deal will provide Trisura with access to a portfolio of contract, commercial and developer surety accounts, which in 2021 produced an annual premium of over $16 million CAD. Moreover, the acquisition also strengthens Trisura’s surety operation ... Read the full article
AUB Group completes Tysers acquisition
30th September 2022
Australia equity-based insurance broker network AUB Group has completed its acquisition of Tysers. In accordance with the terms of the acquisition and as previously announced, AUB confirmed that it has issued 9,018,974 new shares to Tysers’ former owner, Odyssey Investment Partners. The new shares will be escrowed for a 24-month period. AUB ... Read the full article
One80 acquires Asian American insurer C&M First Services
28th September 2022
One80 Intermediaries, a specialty insurance broker, has acquired C&M First Services, a full-service brokerage firm that provides commercial and personal lines insurance to Asian American retail brokers throughout the United States. According to the announcement, by acquiring C&M First, the company is launching its Asian American distribution practice. The terms of ... Read the full article
Acrisure acquires CRK Commercial Insurance Services
28th September 2022
Global insurance broker and fintech leader, Acrisure has announced its acquisition of CRK Commercial Insurance Services Limited, the specialist commercial schemes provider. The deal is expected to close at the start of October 2022. Established in 2000, CRK is a highly successful broker within the manufacturing and engineering space, under the leadership ... Read the full article
Chedid Capital expands with acquisition of UAE online insurance platform
23rd September 2022
Chedid Direct Limited, a company of Chedid Capital, has announced it has become the majority shareholder of MMR Holding Limited, which is based in the Abu Dhabi Global Market and is the owner of the online insurance platform, BuyAnyInsurance. The transaction offers MMR access to a network of brokers in 60+ ... Read the full article
Underwriters Safety & Claims rebrands as Charles Taylor TPA following acquisition
22nd September 2022
Charles Taylor, an independent global provider of claims solutions, has announced that it has formally rebranded Underwriters Safety & Claims, which will now operate as Charles Taylor TPA. The rebranding follows Charles Taylor’s 2021 acquisition of the national third-party administrator, which expanded helped to expand their Charles Taylor’s management footprint, and ... Read the full article
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