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.
United (UPC Insurance) exploring sale, merger, and other options
14th July 2022
The Board of property and casualty insurer, United Insurance Holdings Corp. (UPC Insurance), is undertaking a review of the firm's strategic and capital raising alternatives, which could lead to a sale or merger. According to UPC Insurance, the Board has now initiated the review and will explore a wide range of ... Read the full article
Specialty Program Group acquires ESP Insurance Brokerage
13th July 2022
Specialty Program Group, a specialty insurance brokerage, has acquired ESP Insurance Brokerage, a national insurance broker and program administrator for the sports, events and promotion marketing and entertainment industries. ESP offers US-wide coverage solutions, including athletic insurance for teams and leagues, tournaments, insurance for entertainment, leisure and sports facilities, event liability ... Read the full article
WTW announces acquisition of Butterwire
13th July 2022
Re/insurance broker WTW has announced the acquisition of Butterwire – a FinTech provider of data analytics, AI, and machine learning platforms. The acquisition will help to further strengthen WTW’s world-leadingcli capabilities in delivering climate risk analytics to organisations around the world. Butterwire’s team of research, data science and software engineering professionals offer ... Read the full article
Covéa completes deal to purchase PartnerRe from EXOR
13th July 2022
French mutual insurer Covéa has completed the acquisition of global reinsurer PartnerRe from EXOR, the Agnelli family owned investment and holding company, for a total cash consideration of $9.3 billion (€8.6bn). After signing a Memorandum of Understanding (MoU) in October 2021, after an initial deal was terminated in May ... Read the full article
PCF Insurance acquires P&C MGA United Underwriters
12th July 2022
US insurance brokerage firm PCF Insurance Services (PCF), has announced the acquisition of Utah-based property and casualty managing general agent (MGA) United Underwriters. Founded in 1998, United Underwriters offers 150-plus agencies across the Western United States property and casualty MGA services and programs These include homeowners, renters, dwelling, commercial, personal umbrella, earthquake, ... Read the full article
VR Insurance Holdings completes merger with National Security Group
11th July 2022
Underwriting firm The National Security Group, Inc (NSG) has completed the previously announced merger with Delaware-based corporation VR Insurance Holdings. Back in January, plans to merge the companies were announced. Under the terms of the deal, each share of NSG common stock has been converted into the right to receive ... Read the full article
Brown & Brown completes Global Risk Partners acquisition
7th July 2022
US broker firm Brown & Brown has completed the acquisition of Global Risk Partners Limited (GRP). In March 2022, the firm agreed to buy the insurance operations of GRP for an undisclosed amount in a deal expected to close in Q3. According to the announcement, GRP will operate within the Brown & ... Read the full article
One80 Intermediaries acquires SelmanCo
7th July 2022
Specialty insurance broker One80 Intermediaries (One80) has announced the acquisition of insurance administrator SelmanCo. Headquartered in Cleveland, Ohio, the third-party administrator and broker offers life, supplemental health and related products and services to associations and financial institutions through the US and Canada. According to the announcement, with the acquisition of SelmanCo, One80 ... Read the full article
Marsh McLennan Agency acquires CS Insurance Strategies
6th July 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of CS Insurance Strategies, Inc., a full-service insurance agency based in Chicago. Terms of the acquisition were not disclosed. Founded in 2209 by Chief Executive Officer (CEO), Charles Smith, CS Insurance Strategies is ... Read the full article
Ardonagh Europe acquires Léons Group
4th July 2022
Ardonagh Europe has acquired Dutch broker firm and consultancy Léons Group. Headquartered in Amsterdam and founded in 1951 by Max Léons, Léons Group specialises in full-service insurance solutions to corporate clients and is renowned for expertise in complex cases and international operations. It will continue to operate independently as part of Ardonagh ... Read the full article
Vertafore acquires MGA Systems
4th July 2022
Vertafore has announced that it has acquired MGA Systems, a provider of purpose-built software for Managing General Agents (MGAs). The acquisition will give Vertafore customers access to policy administration and rating solutions that will be integrated into Vertafore's suite. The MGA market has seen consistent growth over the several ... Read the full article
Chubb completes acquisition of Cigna APAC businesses
1st July 2022
Chubb Limited has completed its acquisition of the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna, in six Asia-Pacific markets. Chubb paid $5.36 billion for the operations, which includes Cigna’s accident and health (A&H) and life business in Korea, Taiwan, New ... Read the full article
BF&M eyeing potential sale?
1st July 2022
BF&M has initiated a Strategic Review that may result in the sale of the company. Calling it a ‘review of strategic alternatives’, the board of directors has established a special committee after discussions with its principal shareholder. The committee will be chaired by group chairman and chief executive officer John Wight ... Read the full article
Booming tech M&A deals present unique insurance risks, says CFC
29th June 2022
Specialist insurance provider CFC has encouraged brokers to play a greater role in helping their tech clients mitigate the unique risks they face when considering any merger or acquisition deal. The cites the top three risks within tech M&A deals as intellectual property, data protection and cyber security. “The tech sector saw ... Read the full article
Helvetia grows stake in Spanish insurer Caser
29th June 2022
Swiss insurance group Helvetia has acquired a further 10% of the share capital of Caser for an undisclosed price, meaning it now owns 80% of the Spanish insurer. At the same time, Caser has sold its stake in the life insurance company Sa Nostra Vida to Caixabank for $277.3 Million. With these ... Read the full article
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