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.
Resolution & Ashbrooke acquire Sportscover European operations
18th May 2021
Resolution Underwriting Holdings and Ashbrooke Group have completed their acquisition of Sportscover Europe and Active Underwriting Specialists, the European operations of Sportscover Australia Group. The purchase of the two MGAs will add significant capability and expertise to both the Resolution and Ashbrooke groups, with Resolution putting provisions in place for the ... Read the full article
Aon to sell retirement & investment business in Germany as part of EC remedy package
17th May 2021
Aon has agreed to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP), as the global re/insurance broker moves closer to completing its proposed combination with rival Willis Towers Watson (WTW). This latest divestment comes as the brokerage seeks ... Read the full article
SRG acquires Blackrock Insurance Solutions
14th May 2021
Specialist Risk Group (SRG) has acquired specialist Irish Liability and Property MGA, Blackrock Insurance Solutions. The acquisition highlights SRG's commitment to the Irish broker market, as it invests in specialist underwriting capability and technical expertise, to support existing wholesale broker TUE and motor specialist MGA, LIME. SRG has been building its MGA ... Read the full article
Monument Assurance to acquire AME Life Luxembourg
14th May 2021
Monument Assurance Luxembourg, a member of the Monument Re Group, is set to acquire AME Life Luxembourg (AMELL) from French Mutual Insurance Group Covéa, subject to regulatory approvals. AMELL is a Luxembourg-based life insurance company with market presence in Luxembourg, Belgium and Italy. The transaction's financial terms were not disclosed and will have ... Read the full article
Willis Re’s data & analytics capabilities take Gallagher to ‘another level’, says CEO
13th May 2021
Arthur J. Gallagher's (Gallagher) agreement to acquire the majority of reinsurance broker Willis Re will take the company's data and analytics capabilities to new heights, according to J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer (CEO). Alongside other Willis Towers Watson (WTW) assets, Gallagher is poised to purchase ... Read the full article
Gallagher to non-disruptively absorb WTW assets, says S&P
13th May 2021
S&P Global Ratings believes Gallagher will successfully and non-disruptively absorb the various businesses it’s set to purchase from Willis Towers Watson, prior to the latter's much-anticipated mega merger with fellow broking powerhouse Aon. The various subsidiaries, being sold to satisfy European Commission competition concerns, include Willis Re, UK specialty, as ... Read the full article
Gallagher’s Willis Re acquisition will expand UK, US and international footprint
13th May 2021
Following Arthur J. Gallagher's agreement to acquire the majority of reinsurance brokerage Willis Re, a Gallagher spokesperson has confirmed that the deal will significantly expand the company's footprint in the UK and the US, and provide it with scale operations in certain key markets. It was announced yesterday that Aon ... Read the full article
Acquisition of WTW assets will ‘accelerate’ Gallagher’s long-term strategy, says CEO
12th May 2021
With global brokerage Arthur J. Gallagher set to acquire certain assets of Willis Towers Watson (WTW), including Willis Re, the company expects to significantly expand its global value proposition in reinsurance as well as its global footprint in other parts of the business. Aon and WTW announced today an agreement ... Read the full article
Aon & WTW agree $3.57bn sale of certain assets to Gallagher
12th May 2021
Global re/insurance brokers Aon and Willis Towers Watson (WTW) have signed a definitive agreement to sell Willis Re and a number of other WTW assets to Arthur J. Gallagher & Co. (Gallagher), for a total consideration of $3.57 billion. The announcement comes as the pair look to satisfy the European Commission's ... Read the full article
Tryg and Intact receive regulatory approvals for RSA acquisition
10th May 2021
Intact Financial Corporation and Scandinavian insurer Tryg A/S have received all anti-trust and regulatory approvals for the acquisition of RSA Insurance Group plc, setting the stage for closing the mega-merger within a month. RSA will now need to re-register as a private limited company, and the High Court of Justice in ... Read the full article
AJ Gallagher in talks to acquire $3bn portfolio of Aon and WTW assets: Bloomberg
10th May 2021
Global insurance broker Arthur J. Gallagher is in talks with Aon and Willis Towers Watson (WTW) over the potential acquisition of a portfolio of assets, which includes Willis Re, reports Bloomberg. Bloomberg, citing people familiar with the matter, has reported that an agreement could be reached in the coming weeks. According to ... Read the full article
Monument Assurance Belgium to acquire Intégrale
7th May 2021
Monument Assurance Belgium (MAB), a member of the Monument Re Group, has entered into an agreement to acquire the entire portfolio and all the staff of Intégrale. This agreement follows a firm offer from MAB, which was considered by the provisional administrators appointed by the National Bank of Belgium (NBB) to ... Read the full article
Arthur J. Gallagher acquires Koff & Associates
7th May 2021
Global insurance broker, Arthur J. Gallagher & Co. has acquired California-based Kaneko & Krammer Corp, which does business as Koff & Associates. Founded in 1984, Koff & Associates offers a full spectrum of HR services, including job classification and analysis, compensation studies, compliance, organisational assessments, performance management programs and recruiting services, ... Read the full article
M&A environment still favourable for health insurers: AM Best
6th May 2021
The environment for mergers and acquisitions (M&A) among U.S. health insurers remains favorable as they continue to seek out diversification and growth opportunities, according to analysts at AM Best. The rating agency noted in a recent report that health insurers reported record earnings and accumulated a significant amount of cash in ... Read the full article
Aston Lark Europe to trade under Aston Lark Ireland
6th May 2021
Robertson Low Insurances and Wright Group Brokers have completed their merger along with their subsequent rebrand to Aston Lark Europe, which now trades as Aston Lark Ireland. Continuing to operate out of the current offices in Dublin, Carlow, Portlaoise, Wexford and London, Aston Lark Ireland is headed up by CEO, Robert ... Read the full article
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