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.
H.W Kaufman expands into South America through Prospect acquisition
27th September 2021
H.W. Kaufman Group has expanded into South America through the acquisition of Prospect Brokers Chile based in Santiago, Chile. The acquisition resulted in rebranding Prospect Brokers Chile as Chesterfield LatAm (Latin America) and relocating to a larger office location to accommodate growth. Chesterfield, a Lloyd’s insurance and reinsurance broker in London, is ... Read the full article
AJ Gallagher acquires Federal Crop Insurance specialist Files Agribusiness
24th September 2021
Global insurance broker Arthur J. Gallagher & Co. has announced the acquisition of Bastrop, LA-based Files Agribusiness, LLC. Founded in 2010, Files Agribusiness is a retail insurance agency that specializes in offering Federal Crop Insurance, agribusiness property and casualty, and agricultural aviation coverages. It serves clients primarily in the states of Louisiana, ... Read the full article
Athora agrees to acquire Amissima Vita
24th September 2021
Athora Holding has agreed to acquire Italian life insurer, Amissima Vita as part of its continuing growth strategy focused on traditional life savings and pension products. The transaction is expected to complete within the first half of next year and is subject to applicable regulatory clearances. This acquisition represents Athora’s first step ... Read the full article
Helios acquires North Breache at Lloyd’s
24th September 2021
Lloyd’s of London investment and underwriting vehicle Helios has acquired North Breache Underwriting Limited, a limited liability member of Lloyd's of London. The total consideration paid for North Breache was £3.9 million, of which £3.4 million was paid on completion in cash and £0.5 million has been satisfied by the issue ... Read the full article
Sompo Intl to acquire Italian agriculture insurer ARA
22nd September 2021
Bermuda-based property and casualty re/insurer Sompo International has reached an agreement to purchase ARA 1857 S.p.A.- Assicurazioni Rischi Agricoli VMG 1857 (ARA), one of the leading players in the Italian agriculture insurance market. The deal, expected to close by the first quarter of 2022, will see ARA ... Read the full article
VIG’s Aegon acquisition blocked in Hungary
21st September 2021
Vienna Insurance Group (VIG) has hit a roadblock in its pending acquisition of Aegon’s businesses in Central and Eastern Europe, after a decision by Hungarian authorities to block the deal was upheld. Last year, Aegon reached an agreement to sell its insurance, pension, and asset management operations in Hungary, Poland, ... Read the full article
Moody’s completes RMS acquisition
15th September 2021
Moody’s Corporation has announced the completion of its acquisition of catastrophe risk modelling firm RMS, having first signalled the deal on August 5. RMS is a leading global provider of climate and natural disaster risk modeling and analytics. The acquisition is seen as a way to expand Moody’s insurance data and ... Read the full article
White Mountains pulls commitment to invest $200mn in Ark
14th September 2021
White Mountains and Ark have together decided to terminate a commitment to invest $200 million of additional capital into Ark, following White Mountains’ acquisition of the company last year. Ark manages syndicates 4020 and 3902 at Lloyd’s, which underwrite a mix of reinsurance and insurance business, including property, accident & ... Read the full article
Porch bolsters insurtech, home warranty presence with new acquisitions
13th September 2021
Software company Porch Group has announced the acquisitions of CSE Insurance and American Home Protect (AHP), as it looks to accelerate its insurtech ambitions and enter the home warranty market. CSE is a California-based personal lines insurer focused on property and auto that Porch has agreed to acquire from its current ... Read the full article
Activist investor urges board to explore full sale of Argo Group
13th September 2021
One of Argo Group International Holdings, Ltd.'s largest shareholders, Capital Returns Management, LLC, has called on the re/insurer's Board of Directors to conduct a strategic alternatives review and consider a full sale of the company. The activist investor believes that Argo's assets and market position support a sale price of at ... Read the full article
AXA and Bharti complete sale of Indian non-life operations
10th September 2021
AXA and Bharti have completed the combination of their non-life insurance operations in India into ICICI Lombard General Insurance Company Limited. The firms first announced back in August 2020 their intention to combine Bharti AXA General Insurance Company Limited into ICICI Lombard, which is one of the leading general insurance ... Read the full article
Indian brokers Amicus and First Policy approved for merger
10th September 2021
Indian broking firms First Policy Insurance Brokers and Amicus Insurance Brokers have announced plans to merge, following approval from the country’s regulator. The Insurance Regulatory and Development Association of India (IRDAI) granted in-principle approval for the transaction last month. Leaders from the two broking firms expressed confidence that the merger would enable ... Read the full article
WTW sells Innovisk stake to equity funds BHMS and Abry
9th September 2021
Innovisk Capital Partners has announced that BHMS Investments and Abry Partners have signed an agreement to acquire a majority ownership position in the business from Willis Towers Watson (WTW). Established in 2017, Innovisk seeds, develops and grows MGAs using data and analytics to aid product development and pricing, as well as ... Read the full article
Davies acquires Lloyd’s MGA Asta
8th September 2021
Specialist professional services and technology firm Davies has acquired Lloyd's third party managing agent Asta in an effort to add strength and reach to its global insurance services practice. London-based Asta was key in the development of Lloyd’s recent Syndicate-in-a-box (SIAB) framework and is seen as a way to widen Davies' ... Read the full article
AXA offloads insurance operations in Gulf region for $264mn
7th September 2021
Global insurer AXA has completed the sale of its 50% shareholding in AXA Gulf and its 34% shareholding in AXA Cooperative Insurance Company (in Saudi Arabia) to Gulf Insurance Group, for a cash consideration of $264 million. The sale of AXA’s 28% shareholding in AXA Green Crescent Insurance Company (in UAE), ... Read the full article
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