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.
Fairfax sells two pet insurance brands to JAB Holding
23rd June 2022
Fairfax has sold its interests in C&F Pet and Pethealth Inc. to JAB Holding Company in a deal worth $1.4 billion. Fairfax will receive $1.4 billion in the form of $1.15 billion cash and $250 million in seller notes. As a result of the sale, JAB’s combined global ... Read the full article
Acrisure picks up brokerage Russell Scanlan
22nd June 2022
Acrisure has bought broker and risk management firm Russell Scanlan. The deal, which is pending approval by the UK’s Financial Conduct Authority (FCA), is expected by the firm to be completed in ‘the near term’. To date in 2022, Acrisure has completed or has under letter of intent 100 acquisitions. Established in ... Read the full article
Relation Insurance Services acquires G2 assets
22nd June 2022
Relation Insurance Services (Relation), a privately held corporation backed by Aquiline Capital Partners, has acquired the assets of California-based G2 Insurance Services, an insurance brokerage firm. The transaction brings an established, high-growth insurance brokerage firm to Relation and expands the firm’s growing national footprint and areas of expertise. The entire G2 team ... Read the full article
Tokio Marine Highland sells US construction business to Intact Insurance Group
17th June 2022
Tokio Marine Kiln (TMK) has announced that a definitive agreement has been signed with Intact Insurance Group USA LLC (Intact) for the sale of Tokio Marine Highland’s (TMH) US construction division. In a press release, it states that Waller Helms Advisors acted as financial adviser and Morgan, Lewis & Bockius LLP ... Read the full article
BMS acquires SRG Group
16th June 2022
Broker firm BMS has acquired SRG Group. The acquisition was announced in a statement from the firm, saying that it had purchased the brokerage, which has operations in Perth and Queensland. BMS said it had acquired SRG in full, with staff transferring to BMS. Andrew Godden, chief executive of BMS’ Australian business, ... Read the full article
Positive outlook for M&A activity, say Aon and Mergermarket
15th June 2022
The recently released M&A Risk in Review report by Aon and Mergermarket, has found optimism in the market as it suggests that last year's resurgence of M&A activity can be somewhat sustained, yet headwinds persist in the wake of the Covid-19 pandemic. Even though record levels will ... Read the full article
What’s going on with 777 Partners’ R&Q Holdings shares?
10th June 2022
In the wake of a failed attempt to acquire Randall & Quilter Investment Holdings Ltd (R&Q), it turns out a significant proportion of shares in R&Q owned by would-be acquirer 777 Partners were held as collateral to a loan by another party. On April 1st, perhaps a prescient date, it ... Read the full article
Howden Tiger will be a breath of fresh air in reinsurance: David Howden
10th June 2022
For re/insurance broking group Howden, the recently announced acquisition of TigerRisk Partners transforms its position in the reinsurance space, with the enlarged business set to challenge the status quo and empower talent, according to Howden Group's Chief Executive Officer (CEO), David Howden. Yesterday, Howden announced an agreement to create the ... Read the full article
Alleghany gets stockholder approval for Berkshire takeover
9th June 2022
Alleghany Corporation has received approval from its stockholders for a pending acquisition by Warren Buffett’s insurance and reinsurance firm, Berkshire Hathaway. Stockholders approved transaction terms that value Alleghany at $848.02 per share of common stock in cash, with the deal representing a total equity value of approximately $11.6 billion. All told, ... Read the full article
Howden acquires TigerRisk, creating “much-needed” fourth global reinsurance broker
9th June 2022
Howden Group Holdings is set to enhance the scale and depth of its reinsurance and capital markets offering with the acquisition of broker, TigerRisk Partners. The deal, which remains subject to regulatory approvals, represents almost $400 million of combined reinsurance revenues and provides clients with access to 450 experts across over ... Read the full article
Charles Taylor acquires Peru loss adjuster Herrera DKP
8th June 2022
Charles Taylor Adjusting, a provider of claims solutions to the global insurance market, has acquired Peru-based Herrera DKP, a loss adjusting firm for the Latin American market. Founded in 1990, Herrera DKP offers services and claims management expertise across Fire and related lines, Engineering Insurance, Civil Liability, General Risks as well ... Read the full article
Marsh McLennan Agency acquires independent agency Clark Insurance
7th June 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Maine-based Clark Insurance, a leading independent agency. Founded in 1913, Clark Insurance, led by president Jeff Shaw, provides business insurance, employee health and benefits, and private client services to businesses and individuals ... Read the full article
One80 grows emergency services capabilities with VFIS of North Carolina takeover
7th June 2022
Specialty insurance broker, One80 has entered into an agreement to acquire VFIS of North Carolina – an independent producer and Regional Director for VFIS. Terms of the deal were not disclosed. VFIS, formerly known as Volunteer Firemen’s Insurance Services is a wholly owned division of Glatfelter Insurance Group, a leading Managing General ... Read the full article
Investment firm Aquarian takes majority stake in Somerset Re
6th June 2022
New York domiciled investment firm, Aquarian Holdings, has said in a statement that it has agreed to purchase a controlling interest in Bermuda-based reinsurer, Somerset Reinsurance, from shareholders. Terms of the transaction were not disclosed, and it's understood that the deal is expected to close in the third quarter of this ... Read the full article
Allianz offloads majority stake in Russian operations
6th June 2022
The Allianz Group has agreed to sell a majority stake in its Russian operations to LLC, the owner of Russian property and casualty (P&C) insurer Zetta Insurance. The move, which follows Allianz’s decision to scale back its operations in Russia, is aimed at “ensuring continuity for clients and employees,” the company ... Read the full article
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