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.
Aston Lark Ireland acquires Marine & General Insurances DAC
25th February 2022
Aston Lark Ireland is to acquire Marine & General Insurances DAC. The deal, subject to regulatory approval, is being made for an undisclosed amount and will be the eighth acquisition made by Aston Lark Ireland, following its acquisitions of North County Brokers, O’Loughlin Insurance Group, McMahon Galvin Limited, Brady Burns & ... Read the full article
Number of completed mergers and acquisitions rose in 2021: Clyde & Co.
21st February 2022
The number of completed merger and acquisition deals in the insurance sector last year leaped from 407 to 418, according to Clyde & Co’s latest Insurance Growth Report. The report said that the surge was driven by a particularly strong second half of the year, which saw 221 deals, up from ... Read the full article
Monument Re completes Luxembourg life takeover from Covéa
21st February 2022
Monument Re has announced that its Luxembourg subsidiary, Monument Assurance Luxembourg S.A., has completed the acquisition of AME Life Lux S.A. (AMELL) from Covéa. First announced in May 2021, the transaction received regulatory approval from the Commissariat aux Assurances. AMELL is a Luxembourg-based life insurance company that also maintains a market ... Read the full article
One80 acquires Professional Risk Solutions
18th February 2022
Intermediary firm One80 has bought specialty wholesale brokerage firm Professional Risk Solutions (PRS) for an undisclosed amount. According to a statement from One80, PRS specializes in management liability for non-profit, for-profit, public entities, and publicly traded companies; professional liability, including lawyer’s professional and errors and omissions coverage for technology, architects, and ... Read the full article
Swiss Re acquires Champlain Re in legacy deal
18th February 2022
Reinsurance giant Swiss Re has acquired Champlain Reinsurance Company (Champlain Re), a Swiss based run-off reinsurance captive of Alcan Holdings Switzerland AG, a member of Rio Tinto Alcan, in a legacy transaction. Champlain Re's remaining reinsurance liabilities consist mainly of General Liability and Workers’ Compensation exposures of the Rio Tinto Alcan ... Read the full article
bolttech completes AVA acquisitions
17th February 2022
bolttech has acquired AVA Insurance Brokers and AVA Insurance Agency (AVA), which follows bolttech’s completion of its US$247 million Series A last year, with strategic investors including Singapore’s EDBI. bolttech is based in Singapore and has grown its global footprint to 30 markets since its inception two years ago as part ... Read the full article
Argo finalises sale of Brazilian arm to Spice PE
16th February 2022
Specialty P&C insurer, Argo Group International Holdings, Ltd., has announced the completion of the sale of its Brazilian arm, Argo Seguros Brasil S.A., to Spice Private Equity Ltd. It was revealed in October of last year that Argo and Spice PE, an investment company focused on global private equity investments, ... Read the full article
NN Group and ABN AMRO Bank sell off life insurance subsidiary
15th February 2022
NN Group, ABN AMRO Bank, and their joint venture ABN AMRO Verzekeringen (AAV) are to sell AAV’s life insurance subsidiary to Nationale-Nederlanden Levensverzekering Maatschappij N.V. (NN Life & Pensions). The subsidiary will be integrated into NN Life & Pensions. The intended transaction will have no impact on the services and guarantees ... Read the full article
Allianz SE buys 72% of Greek insurer European Reliance
14th February 2022
Allianz SE is to buy 72% of Greek insurer European Reliance in a deal worth €207m. The deal was said by the insurer to be part of its strategy to grow its franchise. European Reliance is understood to have €223m in gross written premiums, with 110 retail offices and 5,667 agents. European ... Read the full article
Brown & Brown to acquire wholesale broker BdB’s general insurance operations
7th February 2022
Global insurance brokerage Brown & Brown has reached an agreement to acquire the general insurance operating entities of BdB Limited companies, a specialist wholesale broker. Announced today by J. Scott Penny, chief acquisitions officer of Brown & Brown and the management ownership team of BdB, the transaction is expected to close ... Read the full article
National Security Group and VR Holdings to merge
2nd February 2022
Underwriting firm The National Security Group (NSG) is to merge with VR Insurance Holdings in a deal announced today. Under the deal, the latter has agreed to acquire all of the outstanding common shares of The NSG for $16.35 per share in cash, representing a 77% premium to the closing share ... Read the full article
Generali agrees to acquire La Medicale for €435mn
2nd February 2022
Generali has agreed to acquire La Médicale, an insurance company for healthcare professionals, for an expected €435 million as part of the company's strategic growth plan. The acquisition follows the exclusive negotiation with Crédit Agricole Assurances, which was announced last November, and the consultation of the dedicated workers’ councils. The transaction also ... Read the full article
Cinven to acquire life insurer IFGL
2nd February 2022
International private equity investment group Cinven has entered into an agreement to acquire International Financial Group Limited (IFGL), a life insurance provider of cross-border, long-term savings products. IFGL has £19 billion of assets under administration and operates through its brands, RL360, Ardan International and Friends Provident International. The company was established in ... Read the full article
Metromile shareholders approve acquisition by Lemonade
1st February 2022
Shareholders in the pay-per-mile auto insurer, Metromile Inc. have given their approval to the impending acquisition of the company by insurtech Lemonade. At a Special Meeting of Metromile stockholders held today, approval was given to a proposal to adopt the merger agreement entered into with Lemonade, Inc., which is aiming to ... Read the full article
Generali takes majority stakes in Indian life and P&C ventures
27th January 2022
Italian insurer Generali has announced new agreements to become the majority shareholder in both its Life and P&C joint ventures in India. The company plans to acquire 25% of the shares of P&C business Future Generali India Insurance (FGII) and 16% of Life business Future Generali India Life (FGIL), bringing its ... Read the full article
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