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 acquires Bainbridge Collins
1st November 2021
Insurance broker Aston Lark has acquired independent insurance broker Bainbridge Collins, which specialises in the ‘mid corporate’ sector. In addition to offering a broking service, it also offers a comprehensive risk management service, offering quality advice and guidance on Health & Safety and Loss Prevention measures. Peter Blanc, Aston Lark Group CEO, ... Read the full article
WTW to acquire 100% of Indian business following regulatory shift
1st November 2021
Recent regulatory changes have prompted global re/insurance broker Willis Towers Watson to acquire the remaining 51% shares of its business in India. The group currently owns 49% of the company and will be purchasing its remaining shares from Anemone Holdings Private Ltd and WTW India's head, Rohit Jain. As one of the ... Read the full article
The Ardonagh Group completes takeover of BGC’s Insurance Brokerage unit
1st November 2021
Global brokerage and financial technology company, BGC Partners, Inc., has completed the previously announced sale of its Insurance Brokerage division to The Ardonagh Group. As we wrote in May, BGC's insurance brokerage businesses will now join the Ardonagh Specialty platform. Under the terms of the arrangement, Ardonagh has acquired the equity ... Read the full article
Aquiline acquires majority stake in insurtech Ripe
1st November 2021
Aquiline Capital Partners LLC, a private investment firm with a specialist focus on the intersection of technology and finance, has acquired a majority stake in Ripe Thinking Limited, a UK digital underwriting and insurance distribution platform. Ripe was founded in 1997 and serves customers across both personal and small commercial lines. ... Read the full article
IQUW completes takeover of Agora
29th October 2021
IQUW, the property, commercial and speciality insurer and reinsurer, has completed its previously announced acquisition of Agora Syndicate Holdings Ltd and its subsidiaries. We wrote on October 21st that IQUW intended to purchase Agora and its subsidiaries, the Group responsible for providing underwriting services to Agora, Lloyd’s Syndicate 3268. The acquisition, ... Read the full article
EXOR and Covéa sign MoU for $9bn sale of reinsurer PartnerRe
29th October 2021
EXOR, the Agnelli family owned investment and holding company and Covéa, a French mutual insurer, have entered into a Memorandum of Understanding (MoU) under which Covéa would acquire global reinsurer PartnerRe for $9 billion (€7.7 billion). We wrote last week that discussions between EXOR and Covéa had reportedly resumed over ... Read the full article
Verisk agrees to acquire ACTINEO
28th October 2021
Global data analytics provider Verisk has agreed to acquire ACTINEO, a claims management solutions provider. With the acquisition, Verisk will add ACTINEO’s established claims management solutions to Verisk’s leading data analytics and insurance ecosystem, providing customers with digitalisation and medical expertise solutions throughout the entire claims process. The agreement will enable Verisk ... Read the full article
Swiss Re eyes stake in India’s Paytm Insuretech for $123mn
27th October 2021
According to local reports, reinsurer Swiss Re is planning to make a Rs 920 crore (USD 123 million) investment in the Paytm Insuretech Private Limited (PIT) business of Indian financial services firm Paytm, through which it will take a 23% stake in the initiative. Paytm, which specializes in digital payment systems, ... Read the full article
Generali takeover offer for Cattolica gets regulatory approval
25th October 2021
Italian insurer Generali has received regulatory approval for the acquisition of a controlling interest in Società Cattolica di Assicurazione. The European Commission has given Generali the green light to make an offer to acquire all the ordinary shares of Cattolica. Further details of the offer have not yet been disclosed. Generali committed to ... Read the full article
EXOR & Covéa reported in talks over PartnerRe sale again
24th October 2021
According to reports, EXOR, the Agnelli family owned investment and holding company, is back at the negotiating table with French insurance group Covéa over the possible sale of reinsurance firm PartnerRe. Discussions between EXOR and Covéa are reported to have resumed in recent weeks, with Italian business newspaper Il Sole 24 ... Read the full article
Munich Re’s HSB acquires new SMB-focused cybersecurity platform
22nd October 2021
Munich Re-owned specialty insurer HSB has acquired a digital cybersecurity platform from cybersecurity firm Zeguro, including a suite of management tools and services designed for small businesses. The addition of Zeguro’s cyber safety solution and key personnel is expected to strengthen the overall cybersecurity offering of HSB. The platform offers integrated online ... Read the full article
SiriusPoint enters strategic partnership with Parameter Climate
22nd October 2021
Global specialty insurer and reinsurer, SiriusPoint Ltd., has acquired a significant ownership stake in full-service climate underwriting and distribution advisory firm, Parameter Climate, as part of a strategic partnership between the two companies. As part of the deal, SiriusPoint will also provide multiyear capacity and paper, with additional capacity secured from ... Read the full article
Acrisure expands into Brazil via It’sSeg takeover
21st October 2021
Insurance broker and fintech services provider Acrisure has announced plans to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The deal marks Acrisure’s entry into the Brazilian market and represents a substantial expansion of its Latin American operations. Founded in 2014 by Thomaz Menezes and the private ... Read the full article
Howden acquires Bermudian broker Foram
21st October 2021
International insurance broker Howden has announced the acquisition of Bermuda-based Foram Brokerage as the firm looks to demonstrate its commitment to the Bermudian market. An independent re/insurance broker, Foram provides speciality services in Casualty, Energy, Professional Lines, Construction, Product Recall, Property and Healthcare lines. The purchase is considered complementary to Howden’s existing ... Read the full article
BMS acquires Value-add Insurance Broker
21st October 2021
Independent reinsurance broker BMS, has acquired Seoul-based insurance broker, Value-add Insurance Broker (VIB). As part of the acquisition, VIB will become a newly-licensed entity called BMS Korea, operating under the wider BMS Asia team, and will provide specialist M&A insurance solutions to the Korean market. The move is part of BMS’ strategy ... Read the full article
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