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.
dClimate acquires Oasis Hub to expand climate change datasets
21st September 2022
dClimate has announced it has acquired Oasis Hub, a leading global data platform and aggregator for catastrophe, extreme weather, climate change and environmental risk data. dClimate states that the acquisition of Oasis Hub enables it to bring thousands of environmental and climate datasets, tools, and models on-chain as part of its ... Read the full article
Crum & Forster launches new life insurance business unit
20th September 2022
Property & Casualty (P&C) insurer, Crum & Forster has launched a new life insurance business unit, helping to further build on the organisations 2021 acquisition of Monitor Life Insurance Company of New York. Both the acquisition and launch of a new life insurance business unit will allow the company to continue ... Read the full article
Howden acquires Swiss broker, Born Consulting AG
16th September 2022
International insurance broker Howden, has acquired Swiss Broker, Born Consulting AG. Founded in 2003, Born Consulting is based in Bern, Switzerland and is an independent insurance broker for national and international intermediaries, large companies and the public sector. Born Consulting prides itself on its client experience, as well as its 'entrepreneur for ... Read the full article
Argo syndicate sale could boost earnings, says S&P
9th September 2022
Analysts at S&P have assured that no immediate impact to ratings will be felt following Argo Group International Holdings’ sale of its Lloyd's Syndicate 1200 and Argo Underwriting Agency Ltd. to Westfield Specialty. However, the rating agency added that the transaction could improve Argo’s prospective earnings. Back in April, Argo confirmed ... Read the full article
Westfield Specialty acquires Argo’s Lloyd’s Syndicate 1200 in $125m deal
8th September 2022
Westfield Specialty, a U.S. property and casualty insurer, has accelerated its "rapid growth" with the acquisition of Lloyd's Syndicate 1200 from Argo Group International Holdings, marking its entry into the international specialty market. The deal remains subject to regulatory approval but is expected to close in the first half of next ... Read the full article
Säkra to be acquired by private equity firm Cinven
8th September 2022
Cinven, an international private equity firm, has announced it has reached an agreement to acquire Säkra, an insurance broker headquartered in Stockholm. The details of the transaction have not been disclosed, and it is subject to customary regulatory and antitrust approvals. Säkra is one of Sweden’s largest insurance intermediaries, providing life and ... Read the full article
Howden RE and TigerRisk to launch $6bn global MGA business
6th September 2022
Howden RE and TigerRisk have announced the creation of Howden Tiger SabRE (SabRE), a new group combining their MGA operations and programme capabilities. SabRE will come into form following the completion of Howden Group Holdings’ (Howden) acquisition of TigerRisk, which is expected to close in Q1 2023, subject to regulatory approval. The ... Read the full article
Marsh McLennan Agency acquires Steinberg & Associates
5th September 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Steinberg & Associates, Inc., an independent agency based in Spartanburg, South Carolina. Steinberg & Associates was founded in 1969, offering employee health and benefits, estate planning, and private client services to midsize ... Read the full article
Paragon Insurance Holdings acquires Reel Media
5th September 2022
Paragon Insurance Holdings LLC, a Galway Holdings company writing all commercial lines of insurance, has acquired Reel Media, LLC, a insurance solutions provider for the broader entertainment and sports industries. This acquisition, Paragon noted, is part of the company’s bid to diversify and expand into the global specialty markets. Reel Media has ... Read the full article
Generali acquires AXA Malaysia joint ventures
2nd September 2022
Italy-headquartered insurer Generali has acquired Axa’s Malaysian operations, in line with Generali strategy to strengthen its leadership position in high potential markets. At the same time AXA also announced the completion of the sale to Generali. In the announcement, AXA revealed it sold 49.99% of its shareholding in AXA Affin General ... Read the full article
IRB Brasil Re sells off Rio headquarters in capital drive
31st August 2022
Brazilian reinsurer IRB Brasil Re has sold off the building where its headquarters are currently located as part of its ongoing efforts to raise capital levels to a regulatory minimum. Last week, the reinsurer confirmed a new share offering as part of its capital drive following drought losses that resulted ... Read the full article
Sompo sells Endurance at Lloyd’s run-off business
30th August 2022
Sompo has sold its Endurance at Lloyd’s (EAL) run-off business to Riverstone International. The firm said in a statement that this deal effectively completed its previously communicated objective to consolidate its UK presence into one company market platform. Julian James, CEO, Global Markets, Commercial P&C at the firm, said: “Since executing on ... Read the full article
DARAG acquires North American captive insurance company for $30mn
30th August 2022
Legacy acquirer, DARAG Group concluded a new agreement with an undisclosed captive insurance company, with a transaction value of approximately $30 million. The transaction, written into DARAG Bermuda, allows the original insurer full legal finality, with DARAG facing the original fronting insurer. Its structure was a novation of its 03-06 and 15/16 ... Read the full article
Wilton Re sells ivari to Sagicor
26th August 2022
Wilton Re has announced that it has entered an agreement to sell Toronto-based life insurance company ivari to Sagicor. Ivari is one of Canada’s leading individual life insurance providers, with assets under management totalling $11bn in 2021. Wilton Re acquired the operations of ivari in 2015. Dmitri Ponomarev, CEO of Wilton Re, ... Read the full article
M&A in insurance industry reaches highest growth rate in 10 years: Clyde & Co
26th August 2022
Mergers and acquisitions (M&A) in the global insurance industry reached the highest growth rate for 10 years in the first half of 2022, according to Clyde & Co’s Insurance Growth Report mid-year update. There were 242 completed deals worldwide, up from 221 in the second half of 2021 and 197 at ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
