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.
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
Compre receives approval for second acquisition of MedMal
25th August 2022
Compre is to acquire French firm MedMal from a Europe-based insurer following regulatory approval. The deal is structured as a loss portfolio transfer to be followed by a legal transfer. The portfolio contains legacy, live, and prospective risks through 2023. The transaction was brokered by Guy Carpenter. Simon Hawkins, CEO Europe at ... Read the full article
Aston Lark acquires AJ Insurance Services
25th August 2022
Aston Lark has announced that it has acquired AJ Insurance. Terms of the acquisition were not disclosed. AJ Insurance has a commercial focus, specialising in construction, motor fleet, and motor trade. It says that it also has a growing property account. Peter Blanc, group CEO of Aston Lark, said: “As soon as ... Read the full article
One80 acquires Agentic
25th August 2022
Broker firm One80 Intermediaries has acquired Agentic for an undisclosed amount. A statement from One80 said that Agentic is a privately owned specialty wholesale operation providing highly consultative brokerage services for professional lines products including errors and omissions, management liability, cyber liability, media liability, allied healthcare and environmental. Matthew F. Power, president ... Read the full article
Stubben Edge acquires Genesis Special Risks
24th August 2022
Stubben Edge has acquired specialist international insurance firm, Genesis Special Risks Ltd (GSR), along with its experienced team, led by MD Nick Howard. GSR is a Lloyd’s broker and has a longstanding track record in the provision of bespoke warranty and related insurance products. Founded in 2002, GSR provides wholesale re/insurance cover ... Read the full article
At-Bay acquires Relay to complement its ongoing digital distribution strategy
22nd August 2022
At-Bay has acquired Relay, a technology solutions provider enabling the digital transformation of commercial insurance placements. Relay will continue to serve a growing list of brokers and partners as an independent entity, under its own management team. At the same time, joining At-Bay also enhances Relay’s ability to expand its capabilities and ... Read the full article
Applied Systems’ acquisition of Tarmika to drive connectivity
18th August 2022
Ivans has announced that its parent company, Applied Systems, has acquired Tarmika – a leading commercial lines rating solution that streamlines small business insurance. The acquisition is set to expand Applied’s commercial quoting and Ivans’ distribution connectivity solutions to create a more valuable and digital distribution experience at each stage of ... Read the full article
Ocean Re acquires Oceva Risk
17th August 2022
Ocean International Reinsurance Company Limited (Ocean Re) has announced that it has acquired Oceva Risk Solutions Limited, a London Market-facing business that is fully authorised by the Financial Conduct Authority (FCA). As part of the deal, which has been approved by the FCA, Ocean Re has also acquired Oceva Europe ApS, ... Read the full article
Dai-ichi Life Holdings to acquire Partners Life
12th August 2022
Japanese insurer Dai-ichi Life Holdings has acquired New Zealand firm Partners Life as a wholly owned subsidiary. Under the terms of the acquisition, Partners Life will become a part of the consolidated group of Dai-ichi Life Holdings. It currently has 268 employees, was established in August 2010, and has a premium income ... Read the full article
RiverStone to acquire Western P&C
11th August 2022
RiverStone, the US insurance run-off specialist of the Fairfax insurance group, has announced it has reached a tentative agreement to acquire Western Property & Casualty Insurance Company (Western P&C), to be effective this August 2022. According to the announcement, this acquisition will be RiverStone’s first venture into the Vermont captive community. Western ... Read the full article
“Global reinsurance M&A transactions limited next year” – Fitch Ratings
10th August 2022
A new note from Fitch Ratings says that M&A transactions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change. As a result, the firm said that it expected reinsurers to prioritise pricing, risk management and organic ... Read the full article
Arthur J. Gallagher acquires Evergreen Insurance Managers
10th August 2022
Arthur J. Gallagher & Co. has acquired Evergreen Insurance Managers for an undisclosed amount. A statement from the firm said it had purchased the wholesale insurance broker and commercial insurance MGA through its Risk Placement Services (RPS) division. J. Patrick Gallagher, Jr., chairman, president, and CEO of Gallagher, said: "The Evergreen team ... Read the full article
Mitsui Sumitomo confirms Transverse acquisition
10th August 2022
Japanese insurance group Mitsui Sumitomo Insurance (MSI) has confirmed that it plans to acquire hybrid P&C program and fronting carrier specialist Transverse Insurance Group, after rumours of a potential deal surfaced last week. MSI has not yet disclosed a price for purchasing Transverse from its current owners, Virgo Investment Group, ... Read the full article
Gallagher acquires risk management consultancy, AnotherDay
9th August 2022
Global insurance and reinsurance brokerage Gallagher has acquired specialist crisis and risk management consultancy, AnotherDay. Founded in 2016, AnotherDay is a UK-based risk management consultancy, helping organisations pre-empt and prepare for complex threats, react to crises and investigate criminality through the use of intelligence and technology. The firm employs around 20 risk, ... Read the full article
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