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.
CRC Group acquires Constellation Affiliated Partners
8th July 2021
CRC Group has closed on the acquisition of Constellation Affiliated Partners, more than doubling the size of its Specialty Programs Division and creates one of the largest program managers in North America. CRC Group’s new Specialty Programs Division now places more than $2.4B in premium across more than ten industry and ... Read the full article
Ascot announces Boston Indemnity Company acquisition
7th July 2021
Bermuda-domiciled specialty re/insurer Ascot reached an agreement to acquire Boston Indemnity Company (BIC) from Great Midwest Insurance Company (GMIC), a subsidiary of Skyward Specialty Insurance Group. The acquisition has been described as an attempt to facilitate Ascot’s entry into the US contract and commercial surety market. It has also been stated that ... Read the full article
Athene takes minority share in Australia’s Challenger
7th July 2021
Athene Holding Ltd. and Apollo Global Management have reached an agreement to purchase a 15% minority stake in Challenger Limited from an existing shareholder, marking their entry into the Australian retirement marketplace. Once completed and when combined with other Challenger shares acquired by Athene and Apollo, the acquisition of the 15% ... Read the full article
Aon / WTW US antitrust trial to begin in November, possibly later
7th July 2021
A federal judge has told global brokers Aon and Willis Towers Watson (WTW) that their trial versus the Antitrust Division of the U.S. Department of Justice (DoJ) is unable to commence before November and could be delayed further owing to a backlog of cases. After the DoJ proposed a trial ... Read the full article
Aon & Willis Towers Watson call for ‘earliest possible trial date’
6th July 2021
Global insurance and reinsurance brokers Aon and Willis Towers Watson (WTW), have emphasised the pressing need for the "earliest possible trial date" for their pending case against the Antitrust Division of the U.S. Department of Justice (DoJ), which seeks to block their $30 billion combination. After a filing an antitrust ... Read the full article
Constellation acquires Columbian Financial Group
5th July 2021
Constellation Insurance Holdings has announced plans to acquire Columbian Mutual Life Insurance Company in a deal that will involve the conversion of Columbian to a stock company and the issuance of all of its newly issued stock to Constellation pursuant to a sponsored demutualization. Constellation, an insurance holding company, is backed ... Read the full article
Charterhouse announces sale of broking subsidiary Siaci
5th July 2021
Private equity firm Charterhouse has entered into exclusive negotiations to sell Siaci Saint Honoré, a leading global B2B insurance brokerage, to a consortium of investors led by Burrus Group. This deal will prompt the formation of a newly combined group, one which will contain an independent European ... Read the full article
Arch wraps up $622mn Watford acquisition
2nd July 2021
Arch Capital Group has officially wrapped its $622 million acquisition of Watford Holdings, roughly eight months after first signing a merger agreement. Arch and investment partners Kelso and Warburg Pincus pursued the merger agreement through an affiliated entity of which Arch owns approximately 40%, and funds managed by Kelso and Warburg ... Read the full article
New Zealand again extends Aon / WTW merger decision date
2nd July 2021
The New Zealand (NZ) Commerce Commission's ongoing investigation into the proposed $30 billion combination of Aon and Willis Towers Watson (WTW) has been extended once more, with a conclusion now expected by August 20th, 2021. This is the second time New Zealand’s Commerce Commission has extended its deadline after launching an ... Read the full article
Suncorp completes unchanged cat reinsurance program for FY22
2nd July 2021
Australian insurer Suncorp has successfully renewed its reinsurance program for 2022, securing an unchanged upper limit of $6.5 billion covering home, motor, and commercial property portfolios across Australia and New Zealand. The structure of Suncorp's FY22 reinsurance program remains unchanged from the company's FY21 program, as the Group's maximum event retention ... Read the full article
DARAG completes sale of active Italian business to NOBIS
2nd July 2021
Legacy acquirer DARAG Group has completed the sale of its non-legacy Italian business, DARAG Italia, to NOBIS Compagnia di Assicurazioni. The sale, first announced in October 2020, will help DARAG to focus exclusively on providing legacy solutions, as it looks to streamline its operations, the firm said. The relevant policies, distribution ... Read the full article
Prudential Financial sells Taiwan business to Taishin Financial
2nd July 2021
US insurance and investment firm Prudential Financial has completed the sale of its Taiwan based life insurance business to Taishin Financial Holding Co., Ltd., following a successful regulatory review. The sale of Prudential Life Insurance Company of Taiwan Inc was first announced back in August 2020, and saw the locally based Taishin ... Read the full article
Gallagher acquires employee benefits consulting firm Stellar
1st July 2021
Insurance broker Gallagher has announced the acquisition of Stellar Benefits, an Ohio-based employee benefits consulting firm. Founded in 2003, Stellar Benefits offers comprehensive health and welfare programs for businesses of all sizes, ranging from individual offices to multinational corporations. Ronald Rafal, Alan Greenberg and their associates will continue to operate from their ... Read the full article
CoreLogic expands offering with ClosingCorp acquisition
1st July 2021
Catastrophe risk modeller CoreLogic has announced an agreement to acquire all outstanding shares of San Diego headquartered ClosingCorp, a valued partner in the housing ecosystem. ClosingCorp owns and operates a leading source of intelligence for closing costs and service providers in the U.S. residential real estate industry. The company provides unique intelligence ... Read the full article
DoJ’s Feb 2022 trial date ‘untenable’ and prolongs uncertainty, says Aon/WTW
30th June 2021
Lawyers of global re/insurance brokers Aon and Willis Towers Watson (WTW) have described the US Department of Justice's (DoJ) proposal that its trial seeking to block their merger not commence until February of next year as "untenable". In an effort to stop the creation of what it calls a "broking behemoth", ... Read the full article
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