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.
BMS acquires reinsurance broker PWS Mexico
9th December 2021
Independent broking specialist BMS Group has announced further expansion plans in Latin America, having agreed to acquire PWS Mexico, a Mexico City-based specialist reinsurance broker. PWS Mexico was founded in 2000 and provides broking services to a range of Mexican clients, largely in Engineering, Energy, Property & Casualty and Specie, with ... Read the full article
Canada’s CPPIB pension to sell Ascot & Wilton Re stakes: Report
9th December 2021
According to a report, one of the larger pension investors that has a specialism in insurance and reinsurance markets, the Canada Pension Plan Investment Board (CPP Investments), is looking to sell two of its key investments in the space, Wilton Re and Ascot Group. Reuters has reported that the move marks ... Read the full article
Sampo acquires full ownership of Hastings
8th December 2021
Sampo has signed an agreement with Rand Merchant Investment Holdings (RMI) to acquire full ownership of UK insurer Hastings. Under the terms of the agreement, Sampo will pay GBP 685 million for RMI’s 30 per cent minority interest in Hastings and the option held by RMI to acquire 10 per cent ... Read the full article
Aston Lark acquires Choice Benefits’ client book
7th December 2021
Broker Aston Lark has acquired the client book of Private Medical Insurance specialist, Choice Benefits. The firm provides cover for both individuals and businesses and is described as having achieved recognition from clients via leading service and strong expertise in health insurance and employee benefits. “We’re delighted to welcome the clients of ... Read the full article
WTW bolsters aviation team with acquisition of Sydney-based Aerosure
6th December 2021
Willis Towers Watson has acquired aviation industry specialist Aerosure, as the broker looks to bolster its own capabilities in the space. Sydney-based Aerosure will be integrated into WTW’s global aerospace business, with the former firm’s Managing Director Greg Rector set to serve alongside his colleagues as MD, Australasia Aviation Division. Simon Weaver, Head ... Read the full article
Xenia acquires Peter Hill Credit & Financial Risks
3rd December 2021
Credit insurance and surety specialist, Xenia Broking Group, has announced the acquisition of Peter Hill Credit & Financial Risks Limited, a specialist Trade Credit Insurance and Surety Broker based in Northampton, and with a particular focus on the construction sector. The transaction was completed on 30th November 2021 and marks Xenia’s ... Read the full article
Helios acquires three more LLVs
2nd December 2021
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has acquired three more limited liability vehicles (LLVs) for an aggregate cash consideration of roughly £4.0 million, generating syndicate capacity of £4.4 million. Chanterelle Underwriting Limited, Nomina No 110 LLP and Nomina No 472 LLP were acquired for considerations of $3.23 ... Read the full article
Risk Strategies acquires KRA Insurance Agency
2nd December 2021
Specialty insurance brokerage Risk Strategies has acquired full-service brokerage firm KRA Insurance Agency. KRA serves a broad base of industries and is well-known for its specialty focus in professional liability, construction, real estate, hospitality, not-for-profits and the high-net-worth industry segments. Product lines for clients range from commercial to personal as well as ... Read the full article
Gallagher Re feels like a billion dollar startup with a tremendous opportunity: James Kent & Pat Gallagher
1st December 2021
With Arthur J. Gallagher’s (AJG) acquisition of Willis Re’s treaty reinsurance operations now complete, resulting in a much larger Gallagher Re, senior executives told Reinsurance News that it feels like day one at a billion dollar startup. In the past seven years, Gallagher Re has established itself as the fifth largest ... Read the full article
Howden acquires specialist insurance broker EML
1st December 2021
International insurance broker Howden has acquired Expat Marine Limited (EML), a specialist insurance broker providing employee benefits and general insurance products and advice to clients in Hong Kong. The acquisition is considered a reinforcement to Howden’s commitment to the Hong Kong market. EML was established 32 years' ago and caters for the insurance ... Read the full article
Aviva officially exits Italian market
1st December 2021
Aviva has now fully exited the Italian market following a €543 million sale of various life insurance businesses to CNP Assurances. The UK insurer had previously offloaded its general insurance business to Allianz €330 million, in a deal that was finalised last month. That deal with Allianz involved a portfolio equally ... Read the full article
James Kent to lead Gallagher Re as acquisition of Willis Re completes
1st December 2021
Global re/insurance broker Arthur J. Gallagher & Co. has completed its previously announced acquisition of the treaty reinsurance operations of rival Willis Towers Watson (WTW). It was announced in August that Gallagher had reached an agreement to acquire all of the treaty operations of Willis Re from its parent for ... Read the full article
Athene, Apollo acquires majority slice of $1bn-rated lending platform Aqua
30th November 2021
Financial services company Athene has acquired a controlling stake in a consumer lending platform backed with funds managed by leading investment firm Blackstone. Aqua Finance’s subsequent valuation sees it hit the $1 billion mark. Apollo is estimating an $80 billion annual run-rate of asset origination across its platforms, which span commercial and ... Read the full article
Strategic Risk Solutions acquires Global Re SCC in Barbados
26th November 2021
Strategic Risk Solutions (SRS), a provider of insurance management and consulting services, has announced the acquisition of Global Re SCC, a Barbados-registered Segregated Cell Company (SCC). Established in 2004 under the Companies Act of Barbados with a Class 1 license, Global Re SCC engages in both general insurance business and long-term ... Read the full article
Mitsui takes majority stake in Singapore re/insurance broker
26th November 2021
Mitsui & Co., Ltd. has acquired a majority share in Singapore-based insurance and reinsurance broker, Pana Harrison (Asia) Pte. Ltd., which will be rebranded to Mitsui Bussan Pana Harrison Pte. Ltd. Mitsui invested in Lloyd's broker PHA in 2020, and has been expanding its re/insurance broking business by establishing a presence ... Read the full article
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