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.
Howden expands in Spain with ARTAI takeover
21st April 2021
International insurance broker Howden has announced the acquisition of ARTAI, an independent corporate broker based in Spain. The acquisition will expand Howden’s presence across Spain, Portugal and Morocco, where ARTAI maintains a workforce of 600 employees across 30 offices, and manages more than €350 million in premiums. ARTAI was founded 28 years ... Read the full article
Aon / WTW: Reports suggest expansion of divestment to the US needed
20th April 2021
As the saga surrounding the proposed combination of brokers Aon and Willis Towers Watson (WTW) continues, sources suggest that an expansion of the deals divestment package needs to include the U.S. to appease the Department of Justice (DoJ). The mega-merger of rival insurance and reinsurance brokers Aon and WTW has, unsurprisingly, ... Read the full article
Aston Lark to acquire O’Loughlin Insurance Group
19th April 2021
Aston Lark, the chartered insurance broker backed by Goldman Sachs, has announced that it intends to acquire Irish insurance brokerage, O’Loughlin Insurance Group. Based in Swords in County Dublin, the O’Loughlin Insurance Group was founded in 1984 by David O’Loughlin and focuses on both personal and commercial lines insurance. “O’Loughlin Insurance Group ... Read the full article
Core Specialty to combine with Lancer
16th April 2021
Specialty property and casualty (P&C) insurers Core Specialty and Lancer Insurance Group have announced plans to combine their companies in a stock and cash deal. The transaction, which is to be structured as a merger, will see Lancer operate as a separately managed Division of Core Specialty, retaining the Lancer brand ... Read the full article
The Hilb Group acquires Parallel Risk Advisors
15th April 2021
US insurance brokerage The Hilb Group (THG) has acquired Maryland-based Parallel Risk Advisors (PRA). PRA is a commercial lines property and casualty (P&C) consulting and advisory firm specialising in the commercial real estate industry. As a part of the transaction, which became effective on January 1st, 2021, the three principals: Debbie Dorsch, ... Read the full article
Charles Taylor acquires Syndicate Claim Services
14th April 2021
Charles Taylor, a provider of insurance services, claims solutions and technology platforms to the global insurance market, has acquired Syndicate Claim Services, Inc., an independent adjusting and claims services business, based in Indianapolis, Indiana. Founded in 2006, Syndicate provides tailored claims services and appraisal, umpire, dispute resolution, and litigation support services ... Read the full article
Aon / WTW EC remedy doesn’t address needs outside Europe: Report
14th April 2021
Divestment proposals reportedly offered by Aon to the European Commission (EC), designed to secure EU antitrust approval for its proposed merger with Willis Towers Watson (WTW), do not address competition concerns elsewhere in the world. As a result, the insurance and reinsurance broker could be forced to come up with other ... Read the full article
Markerstudy Group appoints Benny Higgins as Chairman
13th April 2021
Motor insurer Markerstudy Group has appointed Benny Higgins as Group Chairman, following its acquisition of Brightside Group. Markerstudy received its regulatory approval for the acquisition on 22nd March, with the deal completed on 12th April. Kevin Spencer, Group CEO, said: “We are steering Markerstudy Group on an exhilarating growth trajectory and due ... Read the full article
Aon / WTW concessions include regional businesses, FinPro, cyber, aerospace: Reuters
13th April 2021
Global insurance and reinsurance broker Aon has reportedly offered to sell assets in a number of EU countries in order to gain EU antitrust approval for its proposed combination with Willis Towers Watson (WTW), according to Reuters. Reports at the end of March suggested that a remedy proposal for European ... Read the full article
Watford wraps up Axeria acquisition
12th April 2021
Bermuda domiciled re/insurance company Watford has completed its purchase of French property and casualty insurer Axeria, having acquired 100% of the capital stock from the APRIL Group. The deal was first announced in December 2019, and will see Watford acquire a company with in-force gross written premiums of approximately €140 ... Read the full article
Aon / WTW: Concessions show willingness to complete partial deal, say analysts
12th April 2021
In offering deal-related concessions to the European Commission, Aon and Willis Towers Watson have shown their “willingness to complete even a partial deal,” according to equity analysts at Keefe Bruyette & Woods (KBW). As we reported earlier this morning, the European Commission has restarted the clock on the Aon and ... Read the full article
Aon / Willis Towers Watson: EC restarts clock as concessions offered
12th April 2021
The European Commission (EC) has restarted the clock on its investigation into the proposed combination of Aon and Willis Towers Watson (WTW), after concessions were submitted on April 9th, but the deadline for completion has now been pushed into the second-half of the year. The regulators have been looking into the ... Read the full article
Singapore’s competition watchdog seeks consultation on Aon / WTW merger
9th April 2021
The Competition and Consumer Commission of Singapore (CCCS) is currently assessing whether the proposed combination of re/insurance brokers Aon and Willis Towers Watson (WTW) violates competition rules in the country. Competition related concerns continue to be raised, and the announcement from the CCCS follows reports that the European Commission is ... Read the full article
Kemper wraps up $370mn American Access acquisition
9th April 2021
US insurer Kemper has closed its previously announced acquisition of American Access Casualty Company for a deal valued at around $370 million. The acquisition was first announced in November 2020 and also includes American Access' related captive insurance agency Newins Insurance Agency Holdings and its subsidiaries (collectively known as AAC). AAC ... Read the full article
Star Insurance acquired by The Hilb Group
8th April 2021
The Hilb Group, LLC (THG) has announced the acquisition of Indiana-based Star Insurance Agency, effective March 1, 2021. Star Insurance Agency is a full-service agency with personal and commercial insurance offerings, including both P&C and employee benefits. As a part of the transaction, Star leaders Leslee Robinson and Billy Davenport, and the ... Read the full article
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